The stock of Netscout Systems Inc (NTCT) has gone up by 8.74% for the week, with a 2.85% rise in the past month and a 11.83% rise in the past quarter. The volatility ratio for the week is 2.75%, and the volatility levels for the past 30 days are 2.69% for NTCT. The simple moving average for the past 20 days is 4.35% for NTCT’s stock, with a 3.86% simple moving average for the past 200 days.
Is It Worth Investing in Netscout Systems Inc (NASDAQ: NTCT) Right Now?
The stock has a 36-month beta value of 0.58. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for NTCT is 68.57M, and at present, short sellers hold a 1.76% of that float. On September 20, 2024, the average trading volume of NTCT was 669.30K shares.
NTCT) stock’s latest price update
Netscout Systems Inc (NASDAQ: NTCT) has experienced a rise in its stock price by 0.95 compared to its previous closing price of 21.07. However, the company has seen a gain of 8.74% in its stock price over the last five trading days. zacks.com reported 2024-09-20 that Cisco, NetScout and Intrusion have been highlighted in this Industry Outlook article.
Analysts’ Opinion of NTCT
Many brokerage firms have already submitted their reports for NTCT stocks, with Piper Sandler repeating the rating for NTCT by listing it as a “Neutral.” The predicted price for NTCT in the upcoming period, according to Piper Sandler is $30 based on the research report published on May 05, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see NTCT reach a price target of $33, previously predicting the price at $35. The rating they have provided for NTCT stocks is “Underweight” according to the report published on May 31st, 2022.
Lake Street gave a rating of “Hold” to NTCT, setting the target price at $26 in the report published on October 30th of the previous year.
NTCT Trading at 8.12% from the 50-Day Moving Average
After a stumble in the market that brought NTCT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.58% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares surge +4.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.95% upper at present.
During the last 5 trading sessions, NTCT rose by +8.90%, which changed the moving average for the period of 200-days by +2.70% in comparison to the 20-day moving average, which settled at $20.42. In addition, Netscout Systems Inc saw -3.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NTCT starting from SZABADOS MICHAEL, who sale 6,500 shares at the price of $18.81 back on Sep 11 ’24. After this action, SZABADOS MICHAEL now owns 43,434 shares of Netscout Systems Inc, valued at $122,271 using the latest closing price.
SZABADOS MICHAEL, the Officer of Netscout Systems Inc, proposed sale 6,500 shares at $18.81 during a trade that took place back on Sep 11 ’24, which means that SZABADOS MICHAEL is holding shares at $122,271 based on the most recent closing price.
Stock Fundamentals for NTCT
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.74 for the gross margin
The net margin for Netscout Systems Inc stands at -0.74. The total capital return value is set at -0.07. Equity return is now at value -33.89, with -24.37 for asset returns.
Based on Netscout Systems Inc (NTCT), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 1.38. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -28.72.
Currently, EBITDA for the company is 134.23 million with net debt to EBITDA at -2.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
To sum up, Netscout Systems Inc (NTCT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
