Taking a Look at the Data Behind Nutanix, Inc. (NTNX)

Nutanix, Inc. (NASDAQ:NTNX) is an interesting player. The stock has been active on the tape, currently trading at $29.96, up from yesterday’s close by 2.67%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

This company has been competing with others in the space and offers its own combination of interesting factors Nutanix, Inc. (NTNX) currently trades with a market capitalization of $4.26B. That value represents a market adjusting for revenues that have been growing by 90.10% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For NTNX, the company currently has $347.11M of cash on the books, which is offset by $0.00 current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-47.44M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of -0.54 on a per share basis this quarter.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Nutanix, Inc. recorded a 52-week high of 46.78. It is now trading 17.6 off that level. The stock is trading 28.61 its 50-day moving average by -0.57. The stock carved out a 52-week low down at 23.11.

In recent action, Nutanix, Inc. (NTNX) has made a move of +14.70% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 18.39, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 17.10M with 4.68% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NTNX.

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