Nutanix Inc [NASDAQ: NTNX] stock went on an upward path that rose over 5.48% on Thursday, amounting to a one-week price increase of more than 13.45%.
Over the last 12 months, NTNX stock rose by 85.54%. The one-year Nutanix Inc stock forecast points to a potential upside of 5.84. The average equity rating for NTNX stock is currently 1.60, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $18.87 billion, with 265.18 million shares outstanding and 249.52 million shares in the current float. Compared to the average trading volume of 1.87M shares, NTNX stock reached a trading volume of 4156495 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 $74.82 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 1.60. 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.
Morgan Stanley have made an estimate for Nutanix Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 28, 2024. The new note on the price target was released on May 30, 2024, representing the official price target for Nutanix Inc stock. Previously, the target price had yet another raise to $72, while Raymond James analysts kept a Outperform rating on NTNX stock.
The Average True Range (ATR) for Nutanix Inc is set at 2.00, with the Price to Sales ratio for NTNX stock in the period of the last 12 months amounting to 8.78. Price to Free Cash Flow for NTNX in the course of the last twelve months was 31.57 with Quick ratio for the last quarter at 1.06.
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 13.45. With this latest performance, NTNX shares gained by 11.52% in over the last four-week period, additionally plugging by 4.25% over the last 6 months – not to mention a rise of 85.54% 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 71.65, with the RSI for the last a single of trading hit 77.19, and the three-weeks RSI is set at 67.98 for Nutanix Inc [NTNX]. The present Moving Average for the last 50 days of trading for this stock 61.84, while it was recorded at 65.36 for the last single week of trading, and 59.28 for the last 200 days.
Insight into Nutanix Inc Fundamentals:
Nutanix Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.06 and a Current Ratio set at 1.06.
NTNX Stock EPS
With the latest financial reports released by the company, Nutanix Inc posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 13.00%.
Nutanix Inc [NTNX] Institutonal Ownership Details
There are presently around $79.63%, or 80.01%% 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%.
