In the past week, NTAP stock has gone up by 3.31%, with a monthly gain of 10.21% and a quarterly surge of 5.14%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 2.03% for NetApp Inc. The simple moving average for the last 20 days is 7.02% for NTAP’s stock, with a simple moving average of 3.81% for the last 200 days.
Is It Worth Investing in NetApp Inc. (NASDAQ: NTAP) Right Now?
NetApp Inc. (NASDAQ: NTAP) has a price-to-earnings ratio that is above its average at 11.87x. and a 36-month beta value of 1.17. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The average price predicted for NetApp Inc. (NTAP) by analysts is $70.50, which is $1.59 above the current market price. The public float for NTAP is 213.31M, and at present, short sellers hold a 3.49% of that float. On May 26, 2023, the average trading volume of NTAP was 1.98M shares.
NTAP) stock’s latest price update
NetApp Inc. (NASDAQ: NTAP)’s stock price has soared by 3.76 in relation to previous closing price of 66.25. Nevertheless, the company has seen a gain of 3.31% in its stock price over the last five trading days.
NTAP Trading at 7.70% 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 -13.09% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares surge +8.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.60% upper at present.
During the last 5 trading sessions, NTAP rose by +3.31%, which changed the moving average for the period of 200-days by -3.32% in comparison to the 20-day moving average, which settled at $64.50. In addition, NetApp Inc. saw 14.45% 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 2,250 shares at the price of $64.50 back on May 15. After this action, Kurian George now owns 147,064 shares of NetApp Inc., valued at $145,125 using the latest closing price.
Kurian George, the Chief Executive Officer of NetApp Inc., sale 2,250 shares at $63.49 during a trade that took place back on May 09, which means that Kurian George is holding 140,420 shares at $142,852 based on the most recent closing price.
Stock Fundamentals for NTAP
Current profitability levels for the company are sitting at:
- +19.13 for the present operating margin
- +66.62 for the gross margin
The net margin for NetApp Inc. stands at +14.81. The total capital return value is set at 33.54, while invested capital returns managed to touch 27.28. Equity return is now at value 135.60, with 13.20 for asset returns.
Based on NetApp Inc. (NTAP), the company’s capital structure generated 350.84 points at debt to equity in total, while total debt to capital is 77.82. Total debt to assets is 29.32, with long-term debt to equity ratio resting at 315.39. Finally, the long-term debt to capital ratio is 69.96.
When we switch over and look at the enterprise to sales, we see a ratio of 2.01, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 5.82 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
To sum up, NetApp Inc. (NTAP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.