Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nutanix Inc’s current trading price is -4.72% away from its 52-week high, while its distance from the 52-week low is 173.42%. The stock’s price range during this period has varied between $23.34 and $66.99. The company, active in the Technology sector, saw a trading volume of around 2.12 million for the day, considerably lower average daily volume of 2.71 million observed over the last three months.
Nutanix Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $66.99 on 03/08/24, and the lowest price during that time was $23.34, recorded on 04/27/23.
How Financial Performance Impacts Market Capitalization
Nutanix Inc (NTNX) has experienced a quarterly rise of 38.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.60B and boasts a workforce of 6450 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 49.21, with a change in price of +27.06. Similarly, Nutanix Inc recorded 2,409,340 in trading volume during the last 100 days, posting a change of +73.59%.
NTNX Stock Stochastic Average
As of today, the raw stochastic average of Nutanix Inc over the last 50 days is at 85.95%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 76.13%. Further, the company’s Stochastic %K and %D values for the last 20 days were 78.64% and 79.01%, respectively.
NTNX Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price gain of 33.84% this year. Over the last six months, there has been a weaker performance of 77.31%. The price of NTNX fallen by 14.97% during the last 30 days period. For the last 5-days stocks have slided -2.18%.
