Nutanix Inc (NASDAQ:NTNX) has a beta value of 1.16 and has seen 2.53 million shares traded in the recent trading session. The company, currently valued at $18.40B, closed the recent trade at $68.69 per share which meant it lost -$3.66 on the day or -5.06% during that session. The NTNX stock price is -10.35% off its 52-week high price of $75.80 and 41.29% above the 52-week low of $40.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.99 million shares traded. The 3-month trading volume is 2.27 million shares.
The consensus among analysts is that Nutanix Inc (NTNX) is Buy stock at the moment, with a recommendation rating of 1.65. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.48.
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Nutanix Inc (NASDAQ:NTNX) trade information
Sporting -5.06% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NTNX stock price touched $68.69 or saw a rise of 9.38%. Year-to-date, Nutanix Inc shares have moved 44.03%, while the 5-day performance has seen it change -1.08%. Over the past 30 days, the shares of Nutanix Inc (NASDAQ:NTNX) have changed 5.73%. Short interest in the company has seen 5.29 million shares shorted with days to cover at 3.34.
Wall Street analysts have a consensus price target for the stock at $72, which means that the shares’ value could jump 4.6% from the levels at last check today. The projected low price target is $32.0 while the price target rests at a high of $85.0. In that case, then, we find that the latest price level in today’s session is -23.74% off the targeted high while a plunge would see the stock lose 53.41% from the levels at last check today.
Nutanix Inc (NTNX) estimates and forecasts
Figures show that Nutanix Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 21.88% over the past 6 months, with this year growth rate of 9.92%, compared to 15.60% for the industry. Revenue growth from the last financial year stood is estimated to be 14.39%.
9 analysts offering their estimates for the company have set an average revenue estimate of 640.34M for the current quarter. 9 have an estimated revenue figure of 596.91M for the next ending quarter. Year-ago sales stood 565.23M and 524.58M respectively for this quarter and the next, and analysts expect sales will grow by 13.29% for the current quarter and 14.39% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 31.71% over the past 5 years. Earnings growth for 2024 is a modest 13.82% while over the next 5 years, the company’s earnings are expected to increase by 13.00%.
NTNX Dividends
Nutanix Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nutanix Inc (NASDAQ:NTNX)’s Major holders
Insiders own 0.47% of the company shares, while shares held by institutions stand at 85.40% with a share float percentage of 85.80%. Investors are also buoyed by the number of investors in a company, with Nutanix Inc having a total of 664.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 36.57 million shares worth more than $2.08 billion. As of 2024-06-30, FMR LLC held 14.8809% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 25.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.44 billion and represent 10.2777% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 4.89% shares in the company for having 13.09 shares of worth $904.37 million while later fund manager owns 7.74 shares of worth $535.09 million as of Jun 30, 2024, which makes it owner of about 2.89% of company’s outstanding stock.
