Nutanix Inc [NASDAQ: NTNX] stock went on an upward path that rose over 4.78% on Wednesday, amounting to a one-week price increase of more than 12.32%. The company report on January 9, 2024 at 4:05 PM that Nutanix to Present at Upcoming Investor Conference.
Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that its management will present at the following upcoming financial community event:.
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26th Annual Needham Growth ConferenceTuesday, January 16, 202412:45 p.m. PST; 3:45 p.m. EST.
Over the last 12 months, NTNX stock rose by 97.72%. The one-year Nutanix Inc stock forecast points to a potential upside of 0.13. The average equity rating for NTNX stock is currently 1.65, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $12.81 billion, with 242.69 million shares outstanding and 242.01 million shares in the current float. Compared to the average trading volume of 2.02M shares, NTNX stock reached a trading volume of 4802248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $52.86 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 1.65. 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.
William Blair have made an estimate for Nutanix Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Jan-18-24.
The Average True Range (ATR) for Nutanix Inc is set at 1.32, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 6.60. Price to Free Cash Flow for NTNX in the course of the last twelve months was 43.63 with Quick ratio for the last quarter at 1.63.
NTNX Stock Performance Analysis:
Nutanix Inc [NTNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.32. With this latest performance, NTNX shares gained by 13.55% in over the last four-week period, additionally plugging by 82.54% over the last 6 months – not to mention a rise of 97.72% 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 80.71, with the RSI for the last a single of trading hit 85.39, and the three-weeks RSI is set at 77.61 for Nutanix Inc [NTNX]. The present Moving Average for the last 50 days of trading for this stock 44.08, while it was recorded at 50.27 for the last single week of trading, and 33.63 for the last 200 days.
Insight into Nutanix Inc Fundamentals:
Nutanix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 1.63.
Nutanix Inc [NTNX] Institutonal Ownership Details
The top three institutional holders of NTNX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NTNX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NTNX stock with ownership which is approximately 5.8325%.
