Is Nutanix Inc (NTNX) a Stock to Watch After Gaining 0.79% This Week?

Overall market sentiment has been high on Nutanix Inc (NTNX) stock lately. NTNX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Nutanix Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NTNX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NTNX Stock Today?

Nutanix Inc (NTNX) stock is lower by -0.12% while the S&P 500 is higher by 1.64% as of 1:14 PM on Monday, Nov 29. NTNX is lower by -$0.04 from the previous closing price of $34.58 on volume of 993,752 shares. Over the past year the S&P 500 is higher by 28.93% while NTNX is higher by 26.10%. NTNX lost -$5.65 per share in the over the last 12 months.

More About Nutanix Inc

Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions. Click Here to get the full Stock Report for Nutanix Inc stock.