With 9.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.31 million shares. The 52-week range on NTNX shows that it touched its highest point at $75.80 and its lowest point at $43.35 during that stretch. It currently has a 1-year price target of $90.77. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NTNX was up-trending over the past week, with a rise of 6.17%, but this was up by 12.02% over a month. Three-month performance surged to 4.59% while six-month performance rose 44.61%. The stock gained 29.90% in the past year, while it has gained 25.11% so far this year. A look at the trailing 12-month EPS for NTNX yields -0.28 with Next year EPS estimates of 1.88. For the next quarter, that number is 0.37. This implies an EPS growth rate of 23.00% for this year and 16.88% for next year. EPS is expected to grow by 21.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.71%.
Float and Shares Shorts:
At present, 267.93 million NTNX shares are outstanding with a float of 249.84 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NTNX since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.28175 being high and $1.19163 being low. For NTNX, this leads to a yearly average estimate of $1.23168. Based on analyst estimates, the high estimate for the next quarter is $0.37 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.27.
