At the time of writing, Netapp Inc [NTAP] stock is trading at $122.20, up 2.40%. 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 gain 1.06% over the last week, with a monthly amount drifted -2.49%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On September 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $150 on the stock. JP Morgan upgraded its rating to a Neutral and increased its price target to $125 on May 31, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $135 on May 31, 2024. Argus upgraded its rating to Buy for this stock on March 04, 2024, but kept the price target unchanged to $130. In a note dated March 01, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $100 to $120.
For the past year, the stock price of Netapp Inc fluctuated between $77.08 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 $122.20 at the most recent close of the market. An investor can expect a potential drop of -9.53% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
According to Netapp Inc [NASDAQ:NTAP], the company’s sales were 6.37B for trailing twelve months, which represents an 7.69% jump. 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 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.58.
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 119.84 points at the first support level, and at 117.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.43, and for the 2nd resistance point, it is at 124.65.
Ratios To Look Out For
It is important to note that Netapp Inc [NASDAQ:NTAP] has a current ratio of 0.94. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 3.93, the price to book ratio is 26.97 and price to earnings (TTM) ratio is 23.82.
Transactions by insiders
Recent insider trading involved Kurian George, CEO, that happened on Nov 18 ’24 when 8500.0 shares were sold. VP, Controller & CAO, De Lorenzo Daniel completed a deal on Nov 18 ’24 to sell 326.0 shares. Meanwhile, Affiliate Thomas Michael Nevens bought 3333.0 shares on Nov 18 ’24.
