Nutanix Inc [NASDAQ: NTNX] price plunged by -1.71 percent to reach at -$0.91.
The one-year NTNX stock forecast points to a potential upside of 26.47. The average equity rating for NTNX stock is currently 1.62, trading closer to a bullish pattern in the stock market.
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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 $71.11 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 1.62. 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.
Northland Capital have made an estimate for Nutanix Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 30, 2024. The new note on the price target was released on May 08, 2024, representing the official price target for Nutanix Inc stock. On November 30, 2023, analysts increased their price target for NTNX shares from 44 to 54.
The Average True Range (ATR) for Nutanix Inc is set at 1.56, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 6.16. Price to Free Cash Flow for NTNX in the course of the last twelve months was 30.79 with Quick ratio for the last quarter at 1.68.
NTNX Stock Performance Analysis:
Nutanix Inc [NTNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.77. With this latest performance, NTNX shares gained by 6.93% in over the last four-week period, additionally sinking by -11.43% over the last 6 months – not to mention a rise of 70.60% 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 52.68, with the RSI for the last a single of trading hit 54.38, and the three-weeks RSI is set at 50.06 for Nutanix Inc [NTNX]. The present Moving Average for the last 50 days of trading for this stock 52.36, while it was recorded at 52.88 for the last single week of trading, and 55.29 for the last 200 days.
Insight into Nutanix Inc Fundamentals:
Nutanix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.68 and a Current Ratio set at 1.68.
NTNX Stock EPS
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 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nutanix Inc go to 49.30%.
Nutanix Inc [NTNX] Institutonal Ownership Details
There are presently around $85.84%, or 86.19%% of NTNX stock, in the hands of institutional investors. The top three institutional holders of NTNX stocks are: FMR LLC with ownership of 36.57 million shares, which is approximately 14.8809%. VANGUARD GROUP INC, holding 25.26 million shares of the stock with an approximate value of $$1.44 billion in NTNX stocks shares; and VANGUARD GROUP INC, currently with $$942.45 million in NTNX stock with ownership which is approximately 6.7454%.
