As of Wednesday close, National Instruments Corporation’s (NASDAQ:NATI) stock was up $0.17, moving up 0.41 percent to $41.28. The average number of shares traded per day over the past five days has been 605,460 shares. 5 times new highs have been achieved over the past 5 days, with a $1.68 gain in that time frame. In the last twenty days, the average volume was 688,530, while in the previous 50 days, it was 735,296.
Since last month, NATI stock rose 1.60%. Shares of the company fell to $34.97 on 10/28/22, the lowest level in the past month. A 52-week high of $45.47 was reached on 01/03/22 after having rallying from a 52-week low of $29.81. Since the beginning of this year, NATI’s stock price has dropped by -5.47% or -$2.39, and marked a new high 1 time. However, the stock has declined by -9.21% since its 52-week high.
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NATI stock investors should be aware that National Instruments Corporation (NATI) stock had its last reported insider trading activity 14 days ago on Nov 10. Starkloff Eric Howard, the President & CEO of the company, disposed of 800 shares for $40.00 on Nov 10. It resulted in a $32,000 divestment by the insider. Favre Ritu sold 1,437 shares at an average price of $38.18 on Nov 01. The insider now owns 38,465 shares following the transaction. On Aug 15, President & CEO Starkloff Eric Howard sold 900 shares at $42.00 apiece. The transaction was valued at $37,800.
Right now, National Instruments Corporation (NATI) has a P/E ratio of about 39.17. The stock’s beta is 1.07. Besides these, the trailing price-to-sales (P/S) ratio of 3.30, the price-to-book (PB) ratio of 4.85.
The latest dividend of $0.28 per share was paid out, remained unchanged from last year’s $0.28. On Thursday January 27 2022, a $0.01 dividend increase was announced.
In the three months ended September 29, National Instruments Corporation’s quick ratio stood at 1.60, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.48, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 68.50% percent. In the year ended September 29, operating margins totaled 11.50%. Based on annual data, NATI earned $1.05 billion in gross profit and brought in $1.47 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.50%. Return on equity (ROE) for the past 12 months was 11.80%.
In National Instruments Corporation’s quarter-end financial report for September 29, it reported total debt of $542.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NATI’s revenue rose 18.98% to $395.52 million during the quarter, while net income inched up to $427.93 million. While analysts expected National Instruments Corporation to report $0.53 quarterly earnings, the actual figure was $0.53 per share. During the quarter, the company generated $103.52 million in EBITDA. The liabilities of National Instruments Corporation were 1.12 billion at the end of its most recent quarter ended September 29, and its total debt was $524.33 million. The value of shareholders’ equity is $130.57 million.
This quick technical analysis looks at National Instruments Corporation’s (NATI) price momentum. With a historical volatility rate of 22.49%, the RSI 9-day stood at 64.87% on 23 November.
With respect to its five-day moving average, the current National Instruments Corporation price is up by +4.24% percent or $1.68. At present, NATI shares trade +2.15% above its 20-day simple moving average and +31.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.17% above its SMA50 and +0.76% above its SMA200.
Stochastic coefficient K was 85.77% and Stochastic coefficient D was 79.79%, while ATR was 1.15. Given the Stochastic reading of 90.31% for the 14-day period, the RSI (14) reading has been calculated as 60.24%. As of today, the MACD Oscillator reading stands at 0.40, while the 14-day reading stands at 1.14.
Jefferies launched its rating on National Instruments Corporation (NASDAQ: NATI) to a Buy in a note to investors on November 22, 2022. National Instruments Corporation (NATI) has been rated Overweight by analysts. According to 0 brokerage firms, NATI is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate National Instruments Corporation stock as buy, with 3 recommending it as overweight.
With a median target price of $44.00, the current consensus forecast for the stock is $43.00 – $50.00. Based on these forecasts, analysts predict National Instruments Corporation (NATI) will achieve an average price target of $45.43.