NetApp Inc. (NASDAQ:NTAP) went up by 0.01% from its latest closing price compared to the recent 1-year high of $75.58. The company’s stock price has collected 1.39% of gains in the last five trading sessions. Barron’s reported 11 hours ago that Hardware Stocks Are on Fire. Here’s Why Morgan Stanley Sees More Gains Ahead.
Is It Worth Investing in NetApp Inc. (NASDAQ :NTAP) Right Now?
NetApp Inc. (NASDAQ:NTAP) scored a price-to-earnings ratio above its average ratio, recording 27.96 x from its present earnings ratio. Plus, the 36-month beta value for NTAP is at 1.30. Opinions of the stock are interesting as 11 analysts out of 26 who provided ratings for NetApp Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 12 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $75.05, which is $1.56 above the current price. NTAP currently public float of 222.29M and currently shorts hold a 3.95% ratio of that float. Today, the average trading volume of NTAP was 2.01M shares.
NTAP’s Market Performance
NTAP stocks went up by 1.39% for the week, with a monthly jump of 14.04% and a quarterly performance of 12.95%, while its annual performance rate touched 85.45%. The volatility ratio for the week stands at 2.42% while the volatility levels for the past 30 days are set at 2.92% for NetApp Inc.. The simple moving average for the period of the last 20 days is 4.02% for NTAP stocks with a simple moving average of 35.58% for the last 200 days.
Analysts’ Opinion of NTAP
Many brokerage firms have already submitted their reports for NTAP stocks, with Daiwa Securities repeating the rating for NTAP by listing it as a “Outperform.” The predicted price for NTAP in the upcoming period, according to Daiwa Securities is $70 based on the research report published on February 26th of the current year 2021.
Cowen, on the other hand, stated in their research note that they expect to see NTAP reach a price target of $68, previously predicting the price at $60. The rating they have provided for NTAP stocks is “Market Perform” according to the report published on February 25th, 2021.
NTAP Trading at 7.74% from the 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, the company was unable to rebound, for now settling with -2.51% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.15% upper at present.
During the last 5 trading sessions, NTAP rose by +1.39%, which changed the moving average for the period of 200-days by +74.18% in comparison to the 20-day moving average, which settled at $71.19. In addition, NetApp Inc. saw 11.23% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NTAP starting from Kurian George, who sale 160,800 shares at the price of $66.85 back on Mar 10. After this action, Kurian George now owns 115,501 shares of NetApp Inc., valued at $10,749,255 using the latest closing price.
Anderson Brad, the EVP, SSSBU and CIBU of NetApp Inc., purchase 8,100 shares at $61.79 during a trade that took place back on Mar 05, which means that Anderson Brad is holding 47,563 shares at $500,470 based on the most recent closing price.
Stock Fundamentals for NTAP
Current profitability levels for the company are sitting at:
- +17.20 for the present operating margin
- +66.94 for the gross margin
The net margin for NetApp Inc. stands at +15.13. The total capital return value is set at 37.72, while invested capital returns managed to touch 44.09.
Based on NetApp Inc. (NTAP), the company’s capital structure generated 748.76 points at debt to equity in total, while total debt to capital is 88.22. Total debt to assets is 24.09, with long-term debt to equity ratio resting at 511.98. Finally, the long-term debt to capital ratio is 60.32.
When we switch over and look at the enterprise to sales, we see a ratio of 1.66, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 4.94 and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.