The price-to-earnings ratio for Netapp Inc (NASDAQ: NTAP) is above average at 23.15x. The 36-month beta value for NTAP is also noteworthy at 1.22. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 13 rating it as “hold,” and 2 rating it as “sell.”
The public float for NTAP is 203.78M, and at present, short sellers hold a 3.65% of that float. The average trading volume of NTAP on October 31, 2024 was 1.53M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NTAP) stock’s latest price update
The stock of Netapp Inc (NASDAQ: NTAP) has decreased by -2.05 when compared to last closing price of 121.24. Despite this, the company has experienced a -0.21% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-29 that NetApp (NTAP) closed the most recent trading day at $121.24, moving +0.69% from the previous trading session.
NTAP’s Market Performance
NTAP’s stock has fallen by -0.21% in the past week, with a monthly drop of -2.10% and a quarterly drop of -3.06%. The volatility ratio for the week is 1.74% while the volatility levels for the last 30 days are 1.85% for Netapp Inc The simple moving average for the past 20 days is -3.87% for NTAP’s stock, with a 5.27% simple moving average for the past 200 days.
Analysts’ Opinion of NTAP
Many brokerage firms have already submitted their reports for NTAP stocks, with Loop Capital repeating the rating for NTAP by listing it as a “Buy.” The predicted price for NTAP in the upcoming period, according to Loop Capital is $150 based on the research report published on September 03, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see NTAP reach a price target of $125, previously predicting the price at $95. The rating they have provided for NTAP stocks is “Neutral” according to the report published on May 31st, 2024.
TD Cowen gave a rating of “Buy” to NTAP, setting the target price at $135 in the report published on May 31st of the current year.
NTAP Trading at -3.20% 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 -12.04% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares sank -3.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.61% lower at present.
During the last 5 trading sessions, NTAP fell by -0.21%, which changed the moving average for the period of 200-days by +38.16% in comparison to the 20-day moving average, which settled at $123.54. In addition, Netapp Inc saw 34.71% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NTAP starting from Kurian George, who sale 8,500 shares at the price of $126.11 back on Oct 21 ’24. After this action, Kurian George now owns 292,778 shares of Netapp Inc, valued at $1,071,929 using the latest closing price.
GEORGE KURIAN, the Officer of Netapp Inc, proposed sale 8,500 shares at $126.11 during a trade that took place back on Oct 21 ’24, which means that GEORGE KURIAN is holding shares at $1,071,905 based on the most recent closing price.
Stock Fundamentals for NTAP
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.71 for the gross margin
The net margin for Netapp Inc stands at 0.17. The total capital return value is set at 0.28. Equity return is now at value 120.42, with 11.68 for asset returns.
Based on Netapp Inc (NTAP), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 2.62. The interest coverage ratio of the stock is 20.88.
Currently, EBITDA for the company is 1.52 billion with net debt to EBITDA at 0.6. When we switch over and look at the enterprise to sales, we see a ratio of 3.97. The receivables turnover for the company is 9.39for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In summary, Netapp Inc (NTAP) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” 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.
