A share price of Netapp Inc [NTAP] is currently trading at $126.55, up 2.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTAP shares have gain 4.32% over the last week, with a monthly amount glided 10.43%, 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 September 03, 2024, when Loop Capital upgraded its rating to a Buy and also boosted its price target to $150 from $121. Previously, JP Morgan upgraded its rating to Neutral on May 31, 2024, and elevated its price target to $125. On May 31, 2024, TD Cowen reiterated its Buy rating and revised its price target to $135 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $130 on March 04, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $120 on March 01, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on January 16, 2024. In a note dated January 08, 2024, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $89 to $87.
Netapp Inc experienced fluctuations in its stock price throughout the past year between $70.82 and $135.01. Currently, Wall Street analysts expect the stock to reach $110.56 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $126.55 at the most recent close of the market. An investor can expect a potential drop of -12.64% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
Trailing Twelve Months sales for Netapp Inc [NASDAQ:NTAP] were 6.37B which represents 7.69% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 1.13 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.62.
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 124.97 points at the first support level, and at 123.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.40, and for the 2nd resistance point, it is at 128.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netapp Inc [NASDAQ:NTAP] is 0.94. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 4.07, the price to book ratio is 27.93 and price to earnings (TTM) ratio is 24.67.
Transactions by insiders
Recent insider trading involved CERNUDA CESAR, President, that happened on Sep 30 ’24 when 22000.0 shares were sold. Officer, CESAR CERNUDA completed a deal on Sep 30 ’24 to buy 22000.0 shares. Meanwhile, VP, Controller & CAO De Lorenzo Daniel sold 1685.0 shares on Sep 24 ’24.
