Nutanix Inc (NTNX) concluded trading on Thursday at a closing price of $70.45, with 4.16 million shares of worth about $292.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.25% during that period and on November 07, 2024 the price saw a gain of about 5.48%. Currently the company’s common shares owned by public are about 265.18M shares, out of which, 249.52M shares are available for trading.
Stock saw a price change of 13.45% in past 5 days and over the past one month there was a price change of 11.52%. Year-to-date (YTD), NTNX shares are showing a performance of 47.72% which increased to 85.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.28 but also hit the highest price of $73.69 during that period. The average intraday trading volume for Nutanix Inc shares is 1.87 million. The stock is currently trading 10.49% above its 20-day simple moving average (SMA20), while that difference is up 13.93% for SMA50 and it goes to 18.84% higher than SMA200.
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Nutanix Inc (NASDAQ: NTNX) currently have 265.18M outstanding shares and institutions hold larger chunk of about 78.22% of that.
The stock has a current market capitalization of $18.87B and its 3Y-monthly beta is at 1.14. 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 2.70% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to rise by 11.06% while it is estimated to increase by 29.47% 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 Morgan Stanley on October 28, 2024 offering an Overweight rating for the stock and assigned a target price range of between $71 and $72 to it. Coverage by Northland Capital stated Nutanix Inc (NTNX) stock as a Market perform in their note to investors on May 30, 2024, suggesting a price target of $71 for the stock. Stock get a Buy rating from Needham on November 30, 2023.
