Is nutanix stock a good buy

**Nutanix (NTNX) is not a good buy at the moment**. Here's why:

1. **Financial Performance Concerns**:
- Nutanix has reported a net loss of $126.1 million and a diluted EPS of $0. This indicates that the company is currently unprofitable.
- The net income growth rate is -849.06%, which suggests a significant decline from the previous year.
- The company's 3-year net income CAGR is -60.48%, and the 3-year diluted EPS CAGR is -62.47%. These negative growth rates reflect a deteriorating financial trend over the past few years.
|Ticker|Name|Date|Total Revenue YoY|code|market_code|
|---|---|---|---|---|---|
|NTNX.O|Nutanix|20240331|17.86056101234061|NTNX|185|
|NTNX.O|Nutanix|20240630|16.18475010020658|NTNX|185|
|NTNX.O|Nutanix|20240930|16.941421950550737|NTNX|185|
|NTNX.O|Nutanix|20241231|10.874324679791991|NTNX|185|

|Ticker|Name|Date|Net Income YoY|code|market_code|
|---|---|---|---|---|---|
|NTNX.O|Nutanix|20240331|84.06957814980807|NTNX|185|
|NTNX.O|Nutanix|20240630|146.3271648537929|NTNX|185|
|NTNX.O|Nutanix|20240930|77.99602643407685|NTNX|185|
|NTNX.O|Nutanix|20241231|-849.0554677504327|NTNX|185|

|Ticker|Name|Date|Diluted EPS YoY|code|market_code|
|---|---|---|---|---|---|
|NTNX.O|Nutanix|20240331|84.0909090909091|NTNX|185|
|NTNX.O|Nutanix|20240630|138.70967741935482|NTNX|185|
|NTNX.O|Nutanix|20240930|80|NTNX|185|

|Ticker|Name|Date|Total Revenue YoY|Total Revenue|code|market_code|
|---|---|---|---|---|---|---|
|NTNX.O|Nutanix|2024 Q1|17.86056101234061|5.11054E8|NTNX|185|
|NTNX.O|Nutanix|2024 Q2|16.18475010020658|5.65233E8|NTNX|185|
|NTNX.O|Nutanix|2024 Q3|16.941421950550737|5.24577E8|NTNX|185|
|NTNX.O|Nutanix|2024 Q4|10.874324679791991|5.47952E8|NTNX|185|

|Ticker|Name|Date|Net Income YoY|Net Income|code|market_code|
|---|---|---|---|---|---|---|
|NTNX.O|Nutanix|2024 Q1|84.06957814980807|-1.5853E7|NTNX|185|
|NTNX.O|Nutanix|2024 Q2|146.3271648537929|3.2795E7|NTNX|185|
|NTNX.O|Nutanix|2024 Q3|77.99602643407685|-1.5616E7|NTNX|185|
|NTNX.O|Nutanix|2024 Q4|-849.0554677504327|-1.26101E8|NTNX|185|

|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|code|market_code|
|---|---|---|---|---|---|---|
|NTNX.O|Nutanix|2024 Q1|84.0909090909091|-0.07|NTNX|185|
|NTNX.O|Nutanix|2024 Q2|138.70967741935482|0.12|NTNX|185|
|NTNX.O|Nutanix|2024 Q3|80|-0.06|NTNX|185|

2. **Dividend and Valuation Issues**:
- Nutanix does not pay dividends, which may be a concern for income-focused investors.
- The company is overvalued with an intrinsic value calculated to be 60% higher than the current market price.
3. **Technical Indicators Suggest Caution**:
- The stock's technical indicators are not bullish. The MACD is 0.22, the RSI is 76.33, and the KDJ is 71.61, which typically suggest that a stock is neither overbought nor oversold. However, the high RSI could indicate that the stock is reaching an oversold condition, which might trigger a sell-off.
- The stock is trading below its 5-Day, 10-Day, and 20-Day moving averages, which could be seen as a bearish signal, as it often indicates a short-term downward trend.
- The 30-Day, 50-Day, and 60-Day moving averages are 63.44, 63.9, and 66.26, respectively, and the 120-Day, 200-Day, and 250-Day moving averages are 57.95, 60.05, and 58.07, respectively. The stock is trading below these longer-term averages, which could suggest a bearish trend.
|Ticker|Name|Date|Moving Average|code|market_code|
|---|---|---|---|---|---|
|NTNX.O|Nutanix|20241114|71.4400|NTNX|185|

|Ticker|Name|Date|Moving Average|code|market_code|
|---|---|---|---|---|---|
|NTNX.O|Nutanix|20241121|69.3800|NTNX|185|

|Ticker|Name|Date|Boll|RSI|KDJ|MACD|code|market_code|
|---|---|---|---|---|---|---|---|---|
|NTNX.O|Nutanix|20241122|67.9695|76.3324|71.6127|0.2188|NTNX|185|

4. **Market Sentiment and Analyst Ratings**:
- Despite the negative financial and technical indicators, there is some positive sentiment from analysts, with a recent upgrade from Morgan Stanley and a price target of $80, indicating potential upside.
- However, the lack of dividend payments and the negative financial performance raise concerns about the sustainability of any potential upside.
5. **Strategic Developments**: Nutanix has extended its AI platform to public clouds, which could be a positive sign for future growth. However, this development alone may not outweigh the current negative factors.

In conclusion, while there is some potential for growth based on strategic developments, the current financial and technical indicators suggest that Nutanix is not a good buy at this time. Investors should exercise caution and consider the risks before making an investment decision.