NetApp, Inc. (NASDAQ:NTAP)went up by 3.14% from its latest closing price when compared to the 1-year high value of $87.65 and move down -55.91%, while NTAP stocks collected +14.38% of gains with the last five trading sessions. Press Release reported on 09/05/19 that (NTAP) [DATELINE] LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In NetApp, Inc. To Contact The Firm
NetApp, Inc. (NASDAQ:NTAP) Worth an Investment?
NetApp, Inc. (NASDAQ: NTAP) scored price to earnings ratio above its average ratio, recording 14.36 times of increase in earnings at the present.
NTAP Market Performance
NTAP stocks went up by 14.38% for the week, with the monthly jump of 21.93% and a quarterly performance of -8.62%, while its annual performance rate touched -32.72%. The simple moving average for the period of the last 20 days is 16.81% for NTAP stocks with the simple moving average of -10.05% for the last 200 days.
Analysts’ Opinion on NetApp, Inc. (NASDAQ:NTAP)
Many brokerage firms have already submitted their reports for NTAP stocks, with Susquehanna repeating the rating for NTAP shares by setting it to “Positive”. The predicted price for NTAP socks in the upcoming period according to Susquehanna is $75 based on the research report published on September 9, 2019.
Cowen, on the other hand, stated in their research note that they expect to see NTAP stock at the price of $45, previously predicting the value of $40. The rating they have provided for NTAP stocks is “Market Perform” according to the report published on August 26, 2019.
Wells Fargo gave “Market Perform” rating to NTAP stocks, setting the target price at $50 in the report published on August 15, 2019.
NTAP Stocks 5.46% 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 -35.86% of loss for the given period.
The stock volatility was left at 2.78%, however, within the period of a single month, the volatility rate increased by 3.23%, while the shares surge at the distance of +19.64% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -10.53% lower at the present time.
In the course of the last 5 trading sessions, NTAP went up by +14.38%, which changed the moving average for the period of 200 days to the total of -14.70% of losses for the stock in comparison to the 20-day moving average settled at $48.59. In addition, NetApp, Inc. saw -5.78% in overturn over the period of a single year with a tendency to cut further losses.
NTAP Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at NetApp, Inc. (NTAP), starting from HELD GERALD, who sold 10,000 shares at the price of $46.94 back on Aug 27. After this action, Rushing now owns 7,391 shares of NetApp, Inc., valued at $469,400 with the latest closing price.
HELD GERALD, the Director of NetApp, Inc., sold 7,000 shares at the value of $47.23 during a trade that took place back on Aug 21, which means that HELD GERALD is holding 7,391 shares at the value of $330,627 based on the most recent closing price.
NTAP Stock Fundamentals
The current profitability levels are settled at +19.26 for the present operating margin and +64.03 for gross margin. The net margin for NetApp, Inc. stands at +19.02. Total capital return value is set at 34.44, while invested capital returns managed to touch 40.02. Equity return holds the value 83.90%, with 11.80% 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 +174.00 M with total debt to EBITDA carrying the value of 1.30. The value for Enterprise to Sales is 1.73 with debt to enterprise value settled at 0.11. The receivables turnover for NetApp, Inc. is 5.53 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 1.43.