A new trading day began on Friday, with Nutanix Inc (NASDAQ: NTNX) stock price up 3.16% from the previous day of trading, before settling in for the closing price of $70.94. NTNX’s price has ranged from $40.20 to $73.69 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 11.80%. Meanwhile, its annual earnings per share averaged 10.87%. With a float of $249.71 million, this company’s outstanding shares have now reached $265.18 million.
Let’s determine the extent of company efficiency that accounts for 7150 employees. In terms of profitability, gross margin is 84.91%, operating margin of 0.35%, and the pretax margin is -4.72%.
Nutanix Inc (NTNX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Nutanix Inc is 6.77%, while institutional ownership is 77.66%. The most recent insider transaction that took place on Sep 17 ’24, was worth 1,430,939. In this transaction Chief Financial Officer of this company sold 24,316 shares at a rate of $58.85, taking the stock ownership to the 192,169 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Chief Operating Officer sold 11,950 for $59.83, making the entire transaction worth $714,968. This insider now owns 123,868 shares in total.
Nutanix Inc (NTNX) Earnings and Forecasts
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.35 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to 31.71% growth over the previous five years of trading.
Nutanix Inc (NASDAQ: NTNX) Trading Performance Indicators
Here are Nutanix Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.41. Likewise, its price to free cash flow for the trailing twelve months is 33.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.53, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 1.88 in one year’s time.
Technical Analysis of Nutanix Inc (NTNX)
Looking closely at Nutanix Inc (NASDAQ: NTNX), its last 5-days average volume was 1.93 million, which is a drop from its year-to-date volume of 2.48 million. As of the previous 9 days, the stock’s Stochastic %D was 59.88%. Additionally, its Average True Range was 1.90.
During the past 100 days, Nutanix Inc’s (NTNX) raw stochastic average was set at 98.30%, which indicates a significant increase from 95.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.76% in the past 14 days, which was lower than the 44.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $63.90, while its 200-day Moving Average is $60.05. However, in the short run, Nutanix Inc’s stock first resistance to watch stands at $74.00. Second resistance stands at $74.81. The third major resistance level sits at $76.24. If the price goes on to break the first support level at $71.76, it is likely to go to the next support level at $70.33. Should the price break the second support level, the third support level stands at $69.52.
Nutanix Inc (NASDAQ: NTNX) Key Stats
With a market capitalization of 20.22 billion, the company has a total of 265,215K Shares Outstanding. Currently, annual sales are 2,149 M while annual income is -124,780 K. The company’s previous quarter sales were 547,950 K while its latest quarter income was -126,100 K.
