Currently, there are 265.18M common shares owned by the public and among those 249.71M shares have been available to trade.
The company’s stock has a 5-day price change of 6.20% and 36.84% over the past three months. NTNX shares are trading 52.65% year to date (YTD), with the 12-month market performance up to 76.23% higher. It has a 12-month low price of $40.33 and touched a high of $73.69 over the same period. NTNX has an average intraday trading volume of 1.94 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 6.43%, 13.45%, and 21.09% respectively.
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Institutional ownership of Nutanix Inc (NASDAQ: NTNX) shares accounts for 77.66% of the company’s 265.18M shares outstanding.
It has a market capitalization of $20.12B and a beta (3y monthly) value of 1.16. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 2.66% over the month.
Earnings per share for the fiscal year are expected to increase by 11.26%, and 29.28% over the next financial year. EPS should shrink at an annualized rate of 13.00% over the next five years, compared to 31.71% over the past 5-year period.
Looking at the support for the NTNX, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on November 13, 2024, with the firm’s price target at $80. Morgan Stanley coverage for the Nutanix Inc (NTNX) stock in a research note released on October 28, 2024 offered a Overweight rating with a price target of $72. Northland Capital was of a view on May 30, 2024 that the stock is Market Perform, while Raymond James gave the stock Outperform rating on May 08, 2024, issuing a price target of $72. William Blair on their part issued Outperform rating on January 17, 2024.
