NetApp Inc. (NASDAQ:NTAP) saw a downside of -1.58% to close Tuesday at $90.24 after subtracting -$1.45 on the day. The 5-day average trading volume is 1,002,840 shares of the company’s common stock. It has gained $92.31 in the past week. An average of 1,212,810 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,407,180.
NTAP’s 1-month performance is -1.65% or -$2.08 on its low of $87.75 reached on 09/20/21. The company’s shares have touched a 52-week low of $41.90 and high of $94.32, with the stock’s rally to the 52-week high happening on 09/27/21. YTD, NTAP has achieved 36.23% or $24.00. However, the current price is down -4.33%% from the 52-week high price.
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On Sep 27, 16 days have gone by since the last insider trading activity for NetApp Inc. (NTAP). Kurian George (CEO) most recently sold 4,250 shares at $93.48 per share on Sep 27. This transaction cost the insider $397,286. Director, Palin Carrie, sold 1,867 shares at a price of $88.73 on Sep 21. Then, on Sep 15, President CERNUDA CESAR sold 14,000 shares at a price of $91.83 per share. This transaction amounted to $1,285,568.
The company’s PE ratio for the last five years has touched a high of 275.67 and a low of 8.318. NTAP stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.41 while the price-to-book (PB) in the most recent quarter is 27.94, with the price to cash flow ratio at 27.09.
NetApp Inc. pays an annual dividend of $2.00 per share. Its dividend yield is 2.22% and the payout ratio is 50.00%. NTAP paid $0.50 a share compared with prior rate of $0.50, down 0.0% from last year’s. The company latest dividend increase of $0.02 reported on Wednesday June 2 2021. Measured over the last 3 years, the Dividend has been growing by 146.15% yearly.
It is projected that NetApp Inc.’s next ex-dividend date will be on 5-Jan. NTAP is expected to distribute $0.50 as its next dividend.
NetApp Inc.’s quick ratio for the period ended July 30 was 1.80, with the current ratio over the same period at 1.80 meaning that NTAP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 3.66, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 66.80%. The trailing 12-month EBITDA margin is 20.69% while for the period ending July 30; NetApp Inc.’s operating margin was 19.40%. The firm’s gross profit as reported stood at $3.81 billion against revenue of $5.74 billion.
For the quarterly period ending July 30 this year, NetApp Inc.’s cash and short-term investments amounted to $55.0 million against total debt of $2.9 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NTAP to announce $0.95 per share in earnings in its latest quarter, but it posted $1.15, representing a 21.10% surprise. EBITDA for the quarter stood at more than $295.0 million. NTAP stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 8.44 billion, with total debt at $2.9 billion. Shareholders hold equity totaling $223.63 million
Let’s look briefly at NetApp Inc. (NTAP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.22%.
The stock’s 5-day moving average is $90.95, reflecting a -0.07% or -$0.06 change from its current price. NTAP is currently trading -2.12% above its 20-day SMA, +16.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.62% and +37.14% respectively.
Stochastic %K and %D was 50.38% and 51.34% and the average true range (ATR) pointed at 1.81. The RSI (14) points at 51.02%, while the 14-day stochastic is at 36.22% with the period’s ATR at 1.87. The stock’s 9-day MACD Oscillator is pointing at 0.60 and -0.09 on the 14-day charts.
In the most recent analyst report for NetApp Inc. (NASDAQ: NTAP), Wells Fargo reiterated its an Equal weight rating for the company but lifted their price target by $75 to $87. Analysts offering their rating for NTAP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NTAP as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is NTAP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $108.00, with their median price target at $95.00. Looking at these predictions, the average price target given by analysts is for NetApp Inc. (NTAP) stock is $92.76.