why Nutanix Inc [NTNX] is a Good Choice for Investors After New Price Target of $53.50

Nutanix Inc [NASDAQ: NTNX] loss -2.88% on the last trading session, reaching $54.96 price per share at the time. 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.

If compared to the average trading volume of 2.11M shares, NTNX reached a trading volume of 3702033 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $53.50 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 January 17, 2024.

The Average True Range (ATR) for Nutanix Inc is set at 1.49, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 6.87. Price to Free Cash Flow for NTNX in the course of the last twelve months was 45.42 with Quick ratio for the last quarter at 1.63.

Trading performance analysis for NTNX stock

Nutanix Inc [NTNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.69. With this latest performance, NTNX shares gained by 16.34% in over the last four-week period, additionally plugging by 80.08% over the last 6 months – not to mention a rise of 89.84% 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 74.04, with the RSI for the last a single of trading hit 72.45, and the three-weeks RSI is set at 73.90 for Nutanix Inc [NTNX]. The present Moving Average for the last 50 days of trading for this stock 46.17, while it was recorded at 55.73 for the last single week of trading, and 34.53 for the last 200 days.

Nutanix Inc [NTNX]: A deeper dive into fundamental analysis

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]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Nutanix Inc posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 118.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTNX.

An analysis of Institutional ownership at Nutanix Inc [NTNX]

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%.