As of Friday close, National Instruments Corporation’s (NASDAQ:NATI) stock was up $0.01, moving up 0.02 percent to $58.90. The average number of shares traded per day over the past five days has been 1,396,900 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 1,582,705, while in the previous 50 days, it was 1,322,030.
Since last month, NATI stock rose 4.95%. Shares of the company fell to $55.83 on 07/21/23, the lowest level in the past month. A 52-week high of $59.40 was reached on 08/08/23 after having rallying from a 52-week low of $34.97. Since the beginning of this year, NATI’s stock price has risen by 59.62% or $22.00, and marked a new high 20 times. However, the stock has declined by -0.84% since its 52-week high.
NATI stock investors should be aware that National Instruments Corporation (NATI) stock had its last reported insider trading activity 86 days ago on May 25. Favre Ritu, the Executive Vice President of the company, disposed of 3,494 shares for $57.70 on May 25. It resulted in a $201,604 divestment by the insider. Rust Scott Arthur sold 29,821 shares at an average price of $57.98 on May 17. The insider now owns 36,533 shares following the transaction. On May 15, Director DAVERN ALEXANDER M sold 5,037 shares at $58.05 apiece. The transaction was valued at $292,423.
Valuation Metrics
Right now, National Instruments Corporation (NATI) has a P/E ratio of about 43.57. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 4.52, the price-to-book (PB) ratio of 6.40, and the price-to-cash flow ratio of 80.17 may also be considered.
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.
Financial Health
In the three months ended June 29, National Instruments Corporation’s quick ratio stood at 1.50, while its current ratio was 2.50, 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 June 29 was 0.46, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 68.80% percent. In the year ended June 29, EBITDA margin amounted to 15.00%, whereas operating margins totaled 13.90%. Based on annual data, NATI earned $1.12 billion in gross profit and brought in $1.66 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 9.70%. Return on equity (ROE) for the past 12 months was 15.30%.
In National Instruments Corporation’s quarter-end financial report for June 29, it reported total debt of $564.37 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NATI’s revenue rose 5.11% to $436.83 million during the quarter, while net income inched up to $416.8 million. While analysts expected National Instruments Corporation to report $0.58 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by -12.10%. During the quarter, the company generated $64.21 million in EBITDA. The liabilities of National Instruments Corporation were 1.15 billion at the end of its most recent quarter ended June 29, and its total debt was $642.47 million. The value of shareholders’ equity is $132.8 million.
Technical Picture
This quick technical analysis looks at National Instruments Corporation’s (NATI) price momentum. With a historical volatility rate of 2.42%, the RSI 9-day stood at 53.89% on 18 August.
With respect to its five-day moving average, the current National Instruments Corporation price is down by -0.69% percent or -$0.41. At present, NATI shares trade +5.40% above its 20-day simple moving average and +13.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.17% above its SMA50 and +54.27% above its SMA200.
Stochastic coefficient K was 20.62% and Stochastic coefficient D was 35.82%, while ATR was 0.28. Given the Stochastic reading of 26.47% for the 14-day period, the RSI (14) reading has been calculated as 58.99%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.23.
Analyst Ratings
National Instruments Corporation downgraded its rating on National Instruments Corporation (NASDAQ: NATI) to a Neutral in a note to investors on February 01, 2023. The analysts firm previously had an Outperform rating on the stock.National Instruments Corporation (NATI) has been rated Hold by analysts. According to 0 brokerage firms, NATI is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate National Instruments Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $60.00 – $60.00. Based on these forecasts, analysts predict National Instruments Corporation (NATI) will achieve an average price target of $60.00.
