NetApp, Inc. (NASDAQ:NTAP) went up by 0.61% from its latest closing price when compared to the 1-year high value of $88.08 and move down -44.39%, while NTAP stocks collected -2.66% of loss with the last five trading sessions.
NetApp, Inc. (NASDAQ:NTAP) Worth an Investment?
NetApp, Inc. (NASDAQ: NTAP) scored price to earnings ratio above its average ratio, recording 13.42 times of increase in earnings at the present.
NTAP Market Performance
NTAP stocks went down by -2.66% for the week, with the monthly jump of 1.14% and a quarterly performance of -9.48%, while its annual performance rate touched -21.72%. The simple moving average for the period of the last 20 days is -0.21% for NTAP stocks with the simple moving average of -12.08% for the last 200 days.
Analysts’ Opinion on NetApp, Inc. (NASDAQ:NTAP)
Many brokerage firms have already submitted their reports for NTAP stocks, with Evercore ISI repeating the rating for NTAP shares by setting it to “In-line”. The predicted price for NTAP socks in the upcoming period according to Evercore ISI is $3 based on the research report published on June 6, 2019.
Lake Street, on the other hand, stated in their research note that they expect to see NTAP stock at the price of $65, previously predicting the value of $69. The rating they have provided for NTAP stocks is “Hold” according to the report published on May 23, 2019.
Credit Suisse gave “Outperform” rating to NTAP stocks, setting the target price at $89 in the report published on April 11, 2019.
NTAP Stocks -8.27% Far from 50 Day Moving Average
After a stumble in the market that brought NTAP to its low price for the period of the last 52 weeks, NetApp, Inc. was unable to take a rebound, for now settling with -30.74% of loss for the given period.
The stock volatility was left at 1.91%, however, within the period of a single month, the volatility rate increased by 1.87%, while the shares surge at the distance of +0.91% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -21.22% lower at the present time.
In the course of the last 5 trading sessions, NTAP went down by -2.66%, which changed the moving average for the period of 200 days to the total of -27.00% of losses for the stock in comparison to the 20-day moving average settled at $61.16. In addition, NetApp, Inc. saw 2.23% in overturn over the period of a single year with a tendency to cut further gains.
NTAP Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at NetApp, Inc. (NTAP), starting from FAWCETT MATTHEW K, who sold 38,195 shares at the price of $61.55 back on Jun 21. After this action, Rushing now owns 38,527 shares of NetApp, Inc., valued at $2,350,990 with the latest closing price.
REICH JOEL D, the Exec VP, Product Operations of NetApp, Inc., sold 23,650 shares at the value of $61.49 during a trade that took place back on Jun 18, which means that REICH JOEL D is holding 16,212 shares at the value of $1,454,302 based on the most recent closing price.
NTAP Stock Fundamentals
The current profitability levels are settled at +19.25 for the present operating margin and +64.19 for gross margin. The net margin for NetApp, Inc. stands at +19.02. Total capital return value is set at 34.41, while invested capital returns managed to touch 40.02. Equity return holds the value 81.00%, with 13.50% for asset returns.
Based on NetApp, Inc. (NTAP), the company’s capital structure generated 164.50 points for debt to equity in total, while total debt to capital is set at the value of 62.19. Total debt to assets is settled at the value of 20.51 with long-term debt to equity ratio rests at 104.95 and long-term debt to capital is 39.68.
EBITDA value lies at +361.00 M with total debt to EBITDA carrying the value of 1.30. The value for Enterprise to Sales is 2.06 with debt to enterprise value settled at 0.11. The receivables turnover for NetApp, Inc. is 5.52 with the total asset turnover at the value of 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.