Nutanix, Inc. (NTNX) Stock: Seeing Gains In Today’s Session

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Nutanix, Inc. (NTNX) is gaining in the market in today’s trading session. The stock, one that is focused in the tech sector, is currently priced at $41.29 after climbing 6.44% so far in today’s session. As it relates to technology stocks, there are several aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines relating to NTNX:

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Mar-20-19 04:29PM Why Chesapeake Energy, Nutanix, and Nevro Jumped Today
04:04PM What’s Next for Nutanix Stock From Here?
Mar-19-19 07:34PM Cramer Remix: You can’t invest in Kylie Jenner, but this stock could help
07:16PM Nutanix CEO: Going after large customers and reinvesting …
04:24PM Nutanix Has a Bullish Flag: Let’s Run This Trade Up the Pole

However, when making an investing decision, prospective investors should focus on far more than just news, this is especially the case in the ever changing tech sector. Here’s what’s happing when it comes to Nutanix, Inc..

How NTNX Has Been Trending

While a gain in a single session, like the gain that we’re seeing from Nutanix, Inc. might lead to excitement in some investors, a single session gain alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally a good idea to look into trends just a single session. In the case of NTNX, here are the movements that we have seen:

  • Past 5 Trading Sessions – In the last seven days, NTNX has generated a change in price that amounts to 7.61%.
  • Past 30 Days – The monthly performance from Nutanix, Inc. has been -23.55%.
  • Past Three Months – Over the last quarter, the company has generated a ROI that works out to 6.14%
  • Past 6 Months – Throughout the past 6 months, investors have seen a change that amounts to -11.07% from the stock.
  • Year To Date – Since the open of this year NTNX has produced a return on investment of -0.72%.
  • Annually – Finally, over the past full year, investors have seen movement amounting to -22.09% from NTNX. Throughout this period of time, the stock has traded at a high price of -36.35% and a low price of 26.97%.

Key Ratios

Digging into a few key ratios associated with a company generally gives investors a look of just how risky and/or rewarding a an investment option may be. Below are a few of the most important ratios to think about when looking at NTNX.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the amount of short interest. As the short ratio goes higher, it means that more investors have a belief that the value of the stock is headed for declines. In general, strong tech stocks tend to come with a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Nutanix, Inc., the stock’s short ratio comes to 1.91.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they come due using current assets or quick assets. In the tech space, many companies rely on continued investor support as they work to bring new technologies to market, these ratios can look bad. However, some better companies in the technology industry come with strong quick and current ratios. When it comes to NTNX, the quick and current ratios add up to 2.60 and 2.60 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the price of shares. In this particular case, that ratio works out to 2.15.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. In this case, the cash to share value works out to 5.31.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in NTNX, here’s what we’re seeing:

Institutions own 72.00% of the company. Institutional interest has moved by 11.60% over the past three months. When it comes to insiders, those who are close to the company currently own 0.90% percent of NTNX shares. Institutions have seen ownership changes of an accumulative -13.37% over the last three months.

What Analysts Think About Nutanix, Inc.

While it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own thoughts when it comes to making an investment decision in the tech sector. Below you’ll find the recent moves that we’ve seen from analysts when it comes to NTNX.

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Mar-11-19 Upgrade Jefferies Hold → Buy $42
Mar-04-19 Downgrade Raymond James Outperform → Mkt Perform
Mar-01-19 Reiterated Needham Buy $76 → $63
Mar-01-19 Reiterated Maxim Group Buy $72 → $62
Mar-01-19 Reiterated BofA/Merrill Buy $63 → $51

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.50. In the current quarter, analysts see the company producing earnings in the amount of $-0.61. Over the last 5 years, NTNX has generated revenue in the amount of $106.80% with earnings coming in at -30.50%. On a quarter over quarter basis, earnings have seen movement of -76.70% and revenue has seen movement of 17.00%.

How Many Shares Of NTNX Are Available?

Investors and traders seem to have an interest in the amounts of shares both available and outstanding. When it comes to Nutanix, Inc., there are currently 182.00M with a float of 142.99M. This means that of the total of 182.00M shares of NTNX in existence today, 142.99M are able to trade hands by the public.

It’s also important to take a look at the short percentage of the float. After all, when a high portion of the float available for trading is sold short, the overall feeling among traders is that the stock is headed for a dive. As far as NTNX, the percentage of the float that is currently being sold short is 4.86%. Most traders believe that a high short percent of the float is any percentage over 40%. However, I have found that any short percent of the float over 26% is probably going to be a play that comes with hefty risk.

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