Is Nutanix Inc (NASDAQ: NTNX) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit.

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Stocks Info

Nutanix Inc is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. The current market capitalization of Nutanix Inc is $15.83B. A total of 2.85 million shares were traded on the day, compared to an average of 2.71M shares.

In the most recent transaction, GOMO STEVEN J sold 25,000 shares of NTNX for 64.11 per share on Mar 01 ’24. After the transaction, the Director now owns 3,962 company shares. In a previous transaction on Mar 01 ’24, Wall Tyler sold 19,721 shares at 64.35 per share. NTNX shares that Chief Legal Officer owns now total 17,556.

Among the insiders who sold shares, Wall Tyler disposed of 35,000 shares on Dec 18 ’23 at a per-share price of $47.12. This resulted in the Chief Legal Officer holding 37,277 shares of NTNX after the transaction. In another insider transaction, RAMASWAMI RAJIV sold 24,439 shares at $46.05 per share on Dec 18 ’23. Company shares held by the President and CEO now total 333,519.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, NTNX has a high of $66.99 and a low of $23.34.

As of this writing, NTNX has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.13. The company reported an EPS of $0.29 in the last quarter, which was 70.60% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NTNX’s latest balance sheet shows that the firm has $1.21B in Cash & Short Term Investments as of fiscal 2021. There were $1.18B in debt and $927.89M in liabilities at the time. Its Book Value Per Share was -$2.50, while its Total Shareholder’s Equity was -$1.01B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTNX is Buy with a score of 4.43.

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