Nutanix Inc. [NTNX] is 19.39% higher this YTD. Is it still time to buy?

Nutanix Inc. [NASDAQ: NTNX] traded at a high on 08/31/23, posting a 0.94 gain after which it closed the day’ session at $31.10. The company report on August 31, 2023 at 4:05 PM that Nutanix Announces Share Repurchase Program.

Program Authorizes Repurchase of up to $350 Million of Class A Common Stock.

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Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that its Board of Directors has authorized the repurchase of up to $350 million of its Class A common stock.

The results of the trading session contributed to over 3148013 shares changing hands. Over the past one week, the price volatility of Nutanix Inc. stands at 3.00% while the volatility over the past one month is 2.89%.

The market cap for NTNX stock reached $7.46 billion, with 234.74 million shares outstanding and 230.95 million shares in the current float. Compared to the average trading volume of 1.46M shares, NTNX reached a trading volume of 3148013 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $34.63 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 2.20. 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.

Cleveland Research have made an estimate for Nutanix Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 11, 2022.

The Average True Range (ATR) for Nutanix Inc. is set at 0.91, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 4.25. Price to Free Cash Flow for NTNX in the course of the last twelve months was 40.37 with Quick ratio for the last quarter at 1.50.

How has NTNX stock performed recently?

Nutanix Inc. [NTNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.36. With this latest performance, NTNX shares gained by 6.84% in over the last four-week period, additionally plugging by 9.05% over the last 6 months – not to mention a rise of 71.63% 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 58.60, with the RSI for the last a single of trading hit 59.53, and the three-weeks RSI is set at 58.01 for Nutanix Inc. [NTNX]. The present Moving Average for the last 50 days of trading for this stock 29.31, while it was recorded at 30.59 for the last single week of trading, and 27.80 for the last 200 days.

Nutanix Inc. [NTNX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nutanix Inc. [NTNX] shares currently have an operating margin of -28.19 and a Gross Margin at +79.53. Nutanix Inc.’s Net Margin is presently recorded at -50.45.

Return on Total Capital for NTNX is now -107.03, given the latest momentum, and Return on Invested Capital for the company is -265.67. Additionally, NTNX Total Debt to Total Capital is recorded at 221.27, with Total Debt to Total Assets ending up at 60.94.

Reflecting on the efficiency of the workforce at the company, Nutanix Inc. [NTNX] managed to generate an average of -$123,649 per employee. Receivables Turnover for the company is 9.84 with a Total Asset Turnover recorded at a value of 0.68.Nutanix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Insider trade positions for Nutanix Inc. [NTNX]

The top three institutional holders of NTNX stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NTNX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NTNX stock with ownership which is approximately 5.7381%.

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