The price-to-earnings ratio for Netapp Inc (NASDAQ: NTAP) is above average at 21.41x, Company’s 36-month beta value is 1.21.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for NTAP is 202.51M, and currently, short sellers hold a 5.28% ratio of that floaft. The average trading volume of NTAP on January 15, 2025 was 1.73M shares.
NTAP) stock’s latest price update
Netapp Inc (NASDAQ: NTAP)’s stock price has soared by 1.54 in relation to previous closing price of 114.92. Nevertheless, the company has seen a loss of -1.11% in its stock price over the last five trading days. zacks.com reported 2025-01-14 that Amid volatile macro backdrop, momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer – Storage Devices industry players like NTAP, PSTG and NLST.
NTAP’s Market Performance
NTAP’s stock has fallen by -1.11% in the past week, with a monthly drop of -4.87% and a quarterly drop of -8.07%. The volatility ratio for the week is 2.06% while the volatility levels for the last 30 days are 2.32% for Netapp Inc. The simple moving average for the past 20 days is -1.22% for NTAP’s stock, with a -2.40% simple moving average for the past 200 days.
Analysts’ Opinion of NTAP
Many brokerage firms have already submitted their reports for NTAP stocks, with JP Morgan repeating the rating for NTAP by listing it as a “Overweight.” The predicted price for NTAP in the upcoming period, according to JP Morgan is $160 based on the research report published on December 16, 2024 of the previous year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see NTAP reach a price target of $160, previously predicting the price at $145. The rating they have provided for NTAP stocks is “Buy” according to the report published on November 22nd, 2024.
NTAP Trading at -3.38% 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 -13.85% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -5.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.74% lower at present.
During the last 5 trading sessions, NTAP fell by -1.11%, which changed the moving average for the period of 200-days by +10.90% in comparison to the 20-day moving average, which settled at $118.14. In addition, Netapp Inc saw 0.53% 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 O’Callahan Elizabeth M, who sale 451 shares at the price of $116.79 back on Jan 10 ’25. After this action, O’Callahan Elizabeth M now owns 12,005 shares of Netapp Inc, valued at $52,672 using the latest closing price.
BERRY MICHAEL J, the EVP, CFO of Netapp Inc, sale 12,500 shares at $117.80 during a trade that took place back on Jan 07 ’25, which means that BERRY MICHAEL J is holding 148,243 shares at $1,472,479 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 0.18. The total capital return value is set at 0.29. Equity return is now at value 138.51, with 12.73 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 0.69. The debt to equity ratio resting at 2.52. The interest coverage ratio of the stock is 21.23.
Currently, EBITDA for the company is 1.58 billion with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 7.41for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In a nutshell, Netapp Inc (NTAP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
