Netapp Inc [NTAP] stock prices are down -2.86% to $122.49 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NTAP shares have gain 1.05% over the last week, with a monthly amount glided 4.50%, 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 December 16, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $160 for it. Previously, TD Cowen reaffirmed its Buy rating on November 22, 2024, and elevated its price target to $160. On November 15, 2024, Cleveland Research initiated with a Neutral rating. Oppenheimer started tracking the stock assigning a Perform rating. Loop Capital upgraded its rating to a Buy and raised its price target to $150 on September 03, 2024. JP Morgan upgraded its rating to Neutral for this stock on May 31, 2024, and upped its price target to $125. In a note dated May 31, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $120 to $135.
The stock price of Netapp Inc [NTAP] has been fluctuating between $83.62 and $135.45 over the past year. Currently, Wall Street analysts expect the stock to reach $125.43 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $122.49 at the most recent close of the market. An investor can expect a potential return of 2.4% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
The Netapp Inc [NASDAQ:NTAP] reported sales of 6.47B for trailing twelve months, representing a surge of 6.22%. 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 121.09 points at the first support level, and at 119.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.63, and for the 2nd resistance point, it is at 126.76.
Ratios To Look Out For
It’s worth pointing out that Netapp Inc [NASDAQ:NTAP]’s Current Ratio is 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 3.85, the price to book ratio is 27.88 and price to earnings (TTM) ratio is 22.48.
Transactions by insiders
Recent insider trading involved GEORGE KURIAN, Officer, that happened on Dec 16 ’24 when 8500.0 shares were purchased. EVP, CFO, BERRY MICHAEL J completed a deal on Dec 11 ’24 to sell 7500.0 shares. Meanwhile, EVP, CFO BERRY MICHAEL J sold 7500.0 shares on Dec 10 ’24.
