Investors, both new and seasoned, strive to make the most of the stock market and invest with confidence. This can be easier with the help of Zacks Style Scores, which evaluate stocks based on popular investing strategies like value, growth, and momentum. These scores can assist in identifying which stocks are best for a portfolio and which have the potential to outperform the market over time.
For those focused on momentum investing, which prioritizes trends in a stock’s price or earnings outlook, the Momentum Style Score is key. This score helps pinpoint optimal times to invest in a stock based on factors like short-term price changes and earnings estimate trends.
One stock that may be appealing to momentum investors is Nutanix Inc. (NTNX), based in San Jose, CA. Nutanix provides an enterprise cloud operating system that integrates server, storage, virtualization, and networking software into one solution. The company offers two software product families, Acropolis and Prism.
With a Zacks Rank #2 (Buy), a Momentum Style Score of A, and a VGM Score of B, NTNX has shown strong performance. The stock has risen 1.6% in the past week, 16.3% in the past four weeks, and 117.2% in the last year. Trading volume has been solid, with an average of 1,819,402.63 shares traded over the last 20 days.
In addition to price movements, positive earnings also play a vital role for momentum investors. Seven analysts have raised their earnings estimates for fiscal 2023 in the last 60 days, with the Zacks Consensus Estimate increasing to $0.49 per share. NTNX has an average earnings surprise of 93.8%.
Considering NTNX’s strong Zacks Ranks, impressive earnings metrics, and solid Momentum and VGM Style Scores, investors may want to explore this stock for their portfolios.
For more investment recommendations, investors can access the latest insights from Zacks Investment Research. They can download the free report on 7 Best Stocks for the Next 30 Days to stay informed on potential opportunities in the market.
Overall, Nutanix (NTNX) presents an attractive option for momentum investors looking to capitalize on the stock market’s opportunities.
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