Netapp Inc [NTAP] stock is trading at $102.54, up 0.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NTAP shares have lost -1.55% over the last week, with a monthly amount glided 0.19%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Netapp Inc [NASDAQ: NTAP] stock has seen the most recent analyst activity on March 04, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $130 for it. Previously, TD Cowen reaffirmed its Outperform rating on March 01, 2024, and elevated its price target to $120. On January 16, 2024, downgrade downgraded it’s rating to Mkt Perform. JP Morgan downgraded its rating to a Underweight and decreased its price target to $87 on January 08, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $100 on November 29, 2023. Northland Capital downgraded its rating to Market Perform for this stock on November 29, 2023, but kept the price target unchanged to $100. In a note dated September 18, 2023, William Blair downgraded an Mkt Perform rating on this stock.
Netapp Inc [NTAP] stock has fluctuated between $60.92 and $112.48 over the past year. Currently, Wall Street analysts expect the stock to reach $78.45 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $102.54 at the most recent close of the market. An investor can expect a potential drop of -23.49% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
Netapp Inc [NASDAQ:NTAP] reported sales of 6.17B for the trailing twelve months, which represents a growth of 5.53%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.99 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 101.63 points at the first support level, and at 100.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 103.12, and for the 2nd resistance point, it is at 103.69.
Ratios To Look Out For
For context, Netapp Inc’s Current Ratio is 1.13. Also, the Quick Ratio is 1.10, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 3.43, the price to book ratio is 21.25 and price to earnings (TTM) ratio is 23.27.
Transactions by insiders
Recent insider trading involved O’Callahan Elizabeth M, EVP, Chief Legal Officer, that happened on Apr 10 ’24 when 871.0 shares were sold. President, CERNUDA CESAR completed a deal on Apr 01 ’24 to sell 22000.0 shares. Meanwhile, CEO Kurian George sold 8500.0 shares on Mar 19 ’24.
