Nutanix Inc (NTNX) stock is higher by 6.79% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With NTNX Stock Today?
Nutanix Inc (NTNX) stock is higher by 0.87% while the S&P 500 is down -0.42% as of 2:33 PM on Thursday, Jun 4. NTNX is higher by $0.21 from the previous closing price of $24.17 on volume of 1,519,163 shares. Over the past year the S&P 500 is higher by 10.93% while NTNX is down -13.05%. NTNX lost -$4.61 per share in the over the last 12 months.
To see the top 5 stocks in the Software - Infrastructure industry click here.
More About Nutanix Inc
Nutanix Inc is a United States-based company that 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. It generates most of its revenues through license fees and supports services. Geographically, it has operations in the US, Europe, the Middle East, Asia Pacific, Africa, and other regions.
