Currently, there are 246.64M common shares owned by the public and among those 245.64M shares have been available to trade.
The company’s stock has a 5-day price change of -15.20% and -17.49% over the past three months. NTNX shares are trading 5.64% year to date (YTD), with the 12-month market performance up to 73.54% higher. It has a 12-month low price of $28.49 and touched a high of $73.69 over the same period. NTNX has an average intraday trading volume of 2.67 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.13%, -16.48%, and -5.10% respectively.
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Institutional ownership of Nutanix Inc (NASDAQ: NTNX) shares accounts for 83.11% of the company’s 246.64M shares outstanding.
It has a market capitalization of $12.43B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.05% over the week and 3.51% over the month.
Earnings per share for the fiscal year are expected to increase by 103.30%, and 15.06% over the next financial year. EPS should grow at an annualized rate of 49.30% over the next five years, compared to 9.62% over the past 5-year period.
Looking at the support for the NTNX, a number of firms have released research notes about the stock. Northland Capital stated their Market Perform rating for the stock in a research note on May 30, 2024, with the firm’s price target at $71. Raymond James coverage for the Nutanix Inc (NTNX) stock in a research note released on May 08, 2024 offered a Outperform rating with a price target of $72. William Blair was of a view on January 17, 2024 that the stock is Outperform, while Needham gave the stock Buy rating on November 30, 2023, issuing a price target of $44- $54. BofA Securities on their part issued Buy rating on September 21, 2023.
