A share price of Netapp Inc [NTAP] is currently trading at $119.98, up 0.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NTAP shares have gain 1.60% over the last week, with a monthly amount drifted -1.62%, and not seem to be holding up well over a long-time horizon.
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.
Netapp Inc experienced fluctuations in its stock price throughout the past year between $83.80 and $135.45. Currently, Wall Street analysts expect the stock to reach $125.43 within the next 12 months. Netapp Inc [NASDAQ: NTAP] shares were valued at $119.98 at the most recent close of the market. An investor can expect a potential return of 4.54% based on the average NTAP price forecast.
Analyzing the NTAP fundamentals
Trailing Twelve Months sales for Netapp Inc [NASDAQ:NTAP] were 6.47B which represents 6.22% 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 0.18%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.52.
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 119.13 points at the first support level, and at 118.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 121.19, and for the 2nd resistance point, it is at 122.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Netapp Inc [NASDAQ:NTAP] is 0.90. In addition, the Quick Ratio stands at 0.82 and the Cash Ratio stands at 0.34. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 27.30 and price to earnings (TTM) ratio is 22.02.
Transactions by insiders
Recent insider trading involved O’Callahan Elizabeth M, EVP, Chief Legal Officer, that happened on Jan 10 ’25 when 451.0 shares were sold. EVP, CFO, BERRY MICHAEL J completed a deal on Jan 07 ’25 to sell 12500.0 shares. Meanwhile, EVP, CFO BERRY MICHAEL J sold 12500.0 shares on Jan 08 ’25.
