At the time of writing, Netapp Inc [NTAP] stock is trading at $127.60, down -2.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTAP shares have gain 3.50% over the last week, with a monthly amount glided 3.88%, 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 November 22, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $160 from $145. On November 13, 2024, Oppenheimer initiated with a Perform rating. Loop Capital upgraded its rating to a Buy and increased its price target to $150 on September 03, 2024. JP Morgan upgraded its rating to a Neutral and raised its price target to $125 on May 31, 2024. TD Cowen reiterated a Buy rating for this stock on May 31, 2024, and upped its price target to $135. In a note dated March 04, 2024, Argus upgraded an Buy rating on this stock but restated the target price of $130.
For the past year, the stock price of Netapp Inc fluctuated between $83.62 and $135.45. Currently, Wall Street analysts expect the stock to reach $129.13 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $127.60 at the most recent close of the market. An investor can expect a potential return of 1.2% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
According to Netapp Inc [NASDAQ:NTAP], the company’s sales were 6.47B for trailing twelve months, which represents an 6.22% 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 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 1.16 and Total Capital is 0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.23.
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 126.37 points at the first support level, and at 125.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.92, and for the 2nd resistance point, it is at 132.23.
Ratios To Look Out For
It is important to note that Netapp Inc [NASDAQ:NTAP] has a current ratio of 0.90. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.08, the price to book ratio is 29.04 and price to earnings (TTM) ratio is 23.41.
Transactions by insiders
Recent insider trading involved NEVENS THOMAS MICHAEL, Director, that happened on Nov 18 ’24 when 3333.0 shares were sold. CEO, Kurian George completed a deal on Nov 18 ’24 to sell 8500.0 shares. Meanwhile, VP, Controller & CAO De Lorenzo Daniel sold 326.0 shares on Nov 18 ’24.
