Nutanix Inc. [NTNX] fell -40.65% so far this year. What now?

Nutanix Inc. [NASDAQ: NTNX] closed the trading session at $18.91 on 08/18/22. The day’s price range saw the stock hit a low of $17.51, while the highest price level was $18.94. The company report on August 15, 2022 that Nutanix Announces New Virtual “Nutanix Essentials” Event.


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The event features executive keynotes, customer updates, and 8 Essential Breakout Sessions for building a Modern Hybrid Cloud.

Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced Nutanix Essentials, a new virtual event for IT and DevOps leaders that will be hosted on September 14th, 2022.

The stocks have a year to date performance of -40.65 percent and weekly performance of 9.56 percent. The stock has been moved at -30.48 percent over the last six months. The stock has performed 21.76 percent around the most recent 30 days and changed -9.69 percent over the most recent 3-months.

If compared to the average trading volume of 2.83M shares, NTNX reached to a volume of 3466759 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Nutanix Inc. [NTNX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTNX shares is $25.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTNX stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Nutanix Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 30, 2022. The new note on the price target was released on May 26, 2022, representing the official price target for Nutanix Inc. stock. Previously, the target price had yet another drop from $54 to $22, while BofA Securities kept a Neutral rating on NTNX stock.

The Average True Range (ATR) for Nutanix Inc. is set at 0.71, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 2.60.

NTNX stock trade performance evaluation

Nutanix Inc. [NTNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.56. With this latest performance, NTNX shares gained by 21.76% in over the last four-week period, additionally sinking by -30.48% over the last 6 months – not to mention a drop of -47.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTNX stock in for the last two-week period is set at 70.34, with the RSI for the last a single of trading hit 76.15, and the three-weeks RSI is set at 63.77 for Nutanix Inc. [NTNX]. The present Moving Average for the last 50 days of trading for this stock 15.44, while it was recorded at 18.06 for the last single week of trading, and 24.49 for the last 200 days.

Nutanix Inc. [NTNX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nutanix Inc. [NTNX] shares currently have an operating margin of -47.29 and a Gross Margin at +78.88. Nutanix Inc.’s Net Margin is presently recorded at -74.17.

Return on Total Capital for NTNX is now -239.84, given the latest momentum, and Return on Invested Capital for the company is -441.22. Additionally, NTNX Total Debt to Total Capital is recorded at 658.46, with Total Debt to Total Assets ending up at 52.39.

Reflecting on the efficiency of the workforce at the company, Nutanix Inc. [NTNX] managed to generate an average of -$170,109 per employee. Receivables Turnover for the company is 6.22 with a Total Asset Turnover recorded at a value of 0.69.Nutanix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Nutanix Inc. [NTNX]: Insider Ownership positions

There are presently around $3,366 million, or 76.20% of NTNX stock, in the hands of institutional investors. The top three institutional holders of NTNX stocks are: FMR LLC with ownership of 33,628,974, which is approximately 0.69% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 25,459,958 shares of the stock with an approximate value of $481.45 million in NTNX stocks shares; and GENERATION INVESTMENT MANAGEMENT LLP, currently with $400.2 million in NTNX stock with ownership of nearly 2.24% of the company’s market capitalization.

Positions in Nutanix Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 131 institutional holders increased their position in Nutanix Inc. [NASDAQ:NTNX] by around 18,491,988 shares. Additionally, 150 investors decreased positions by around 11,198,000 shares, while 51 investors held positions by with 148,307,436 shares. The mentioned changes placed institutional holdings at 177,997,424 shares, according to the latest SEC report filing. NTNX stock had 34 new institutional investments in for a total of 1,593,484 shares, while 61 institutional investors sold positions of 4,082,068 shares during the same period.

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