Nutanix Inc. (NASDAQ:NTNX) traded at $22.20 at close of the session on Wednesday, September 21, made a downward move of -0.56% on its previous day’s price.
Looking at the stock we see that its previous close was $22.33 and the beta (5Y monthly) reads 1.50 with the day’s price range being $22.25 – $23.125. In terms of its 52-week price range, NTNX has a high of $42.69 and a low of $13.44. The company’s stock has gained about 23.23% over that past 30 days.
Nutanix Inc. has a market cap of $5.14 billion and is expected to release its quarterly earnings report on Feb 22, 2022 – Feb 28, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.41, with the EPS growth for the year raised at -$0.7 for 2022 and -$0.5 for next year. These figures represent 52.70% and 28.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $350.4 million, with a low of $341.75 million and a high of $356.9 million. The median projection represents growth adding up to -10.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.55 billion, or 11.20% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NTNX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Nutanix Inc. (NTNX) stock as a Hold, while 8 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 4.58% off its SMA20 and 22.27% from its 50-day simple moving average. The RSI (14) is pointing at 58.22 while the volatility over the past week is 3.74% and jumps to 4.34% over the past one month. The beta value is 1.31, while the average true range (ATR) is currently pointing at 1.02.
Let’s briefly compare Nutanix Inc. (NTNX) stock to its peers. We find that current price change of -0.56% and -44.96% over the past 12 months for NTNX competes that of Progress Software Corporation (PRGS), which has seen its stock price rise 1.72% in the last trading session and was -3.98% over the last one year. Another of its peers Pixelworks Inc. (PXLW) has gained 0.59% previous session, and was -65.08% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.46% and 0.45%, respectively, at close of the trading.
Coming back to Nutanix Inc. (NASDAQ:NTNX), we note that the average 3-month trading volume was 2.48 million, while that of the preceding 10-day period stands at 2.58 million. Current shares outstanding are 222.47 million.
The insiders hold 0.40% of the company’s shares while institutions hold 79.60%. The data shows that short shares as of Jul 14, 2022, stood at 7.88 million at a short ratio of 3.47. This represents a 3.51% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 7.9 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -29.91% down in year-to-date price movement.