Checking the Overall Picture for Nutanix, Inc. (NTNX)

Nutanix, Inc. (NTNX) is an interesting player in the Technology space, with a focus on Technical & System Software. The stock has been active on the tape, currently trading at $53.04, up from yesterday’s close by 3.03%. 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

Nutanix, Inc. (NTNX) currently trades with a market capitalization of $8.03 Billion. That value represents a market adjusting for revenues that have been growing by 43.94 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$36.47 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.19 on a per share basis this quarter. Perhaps, that suggests something about why 1.36% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NTNX has been acting. Looking at the stock’s movement on the chart, Nutanix, Inc. recorded a 52-week high of $51.63. It is now trading -1.41% off that level. The stock is trading $36.66 its 50-day moving average by -16.38%. The stock carved out a 52-week low down at $14.38.

In recent action, Nutanix, Inc. (NTNX) has made a move of +61.26% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, 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 7.60% with $107.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NTNX.

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