Nutanix Inc (NTNX) concluded trading on Thursday at a closing price of $64.61, with 2.4 million shares of worth about $154.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.56% during that period and on October 10, 2024 the price saw a gain of about 2.28%. Currently the company’s common shares owned by public are about 265.18M shares, out of which, 247.03M shares are available for trading.
Stock saw a price change of 8.83% in past 5 days and over the past one month there was a price change of 7.18%. Year-to-date (YTD), NTNX shares are showing a performance of 35.48% which increased to 76.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.40 but also hit the highest price of $73.69 during that period. The average intraday trading volume for Nutanix Inc shares is 2.40 million. The stock is currently trading 7.55% above its 20-day simple moving average (SMA20), while that difference is up 14.13% for SMA50 and it goes to 11.64% higher than SMA200.
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Nutanix Inc (NASDAQ: NTNX) currently have 265.18M outstanding shares and institutions hold larger chunk of about 78.72% of that.
The stock has a current market capitalization of $17.14B and its 3Y-monthly beta is at 1.18. It has posted earnings per share of -$0.53 in the same period. It has Quick Ratio of 1.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTNX, volatility over the week remained 2.92% while standing at 2.94% over the month.
Stock’s fiscal year EPS is expected to rise by 11.06% while it is estimated to increase by 27.73% in next year. EPS is likely to shrink at an annualized rate of 13.00% for next 5-years, compared to annual growth of 31.71% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on May 30, 2024 offering a Market perform rating for the stock and assigned a target price of $71 to it. Coverage by Raymond James stated Nutanix Inc (NTNX) stock as an Outperform in their note to investors on May 08, 2024, suggesting a price target of $72 for the stock. On January 17, 2024, William Blair Upgrade their recommendations, while on November 30, 2023, Needham Reiterated their ratings for the stock with a price target of $54. Stock get a Buy rating from BofA Securities on September 21, 2023.
