On Tuesday, Netapp Inc (NASDAQ: NTAP) opened higher 2.39% from the last session, before settling in for the closing price of $122.93. Price fluctuations for NTAP have ranged from $70.82 to $135.01 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 0.68%. Company’s average yearly earnings per share was noted 6.55% at the time writing. With a float of $204.72 million, this company’s outstanding shares have now reached $206.00 million.
Considering the fact that the conglomerate employs 11800 people, you should pay attention to its efficiency factor.
Netapp Inc (NTAP) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of Netapp Inc is 0.41%, while institutional ownership is 93.89%. The most recent insider transaction that took place on Aug 12 ’24, was worth 86,233. Before that another transaction happened on Jul 15 ’24, when Company’s CEO sold 8,500 for $130.36, making the entire transaction worth $1,108,089. This insider now owns 314,274 shares in total.
Netapp Inc (NTAP) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 6.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.15% during the next five years compared to 0.51% growth over the previous five years of trading.
Netapp Inc (NASDAQ: NTAP) Trading Performance Indicators
Check out the current performance indicators for Netapp Inc (NTAP). In the past quarter, the stock posted a quick ratio of 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.13. Likewise, its price to free cash flow for the trailing twelve months is 16.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.65, a number that is poised to hit 1.45 in the next quarter and is forecasted to reach 7.38 in one year’s time.
Technical Analysis of Netapp Inc (NTAP)
Compared to the last year’s volume of 1.93 million, its volume of 1.4 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.84%. Additionally, its Average True Range was 3.43.
During the past 100 days, Netapp Inc’s (NTAP) raw stochastic average was set at 75.76%, which indicates a significant decrease from 84.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.16% in the past 14 days, which was higher than the 23.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $125.81, while its 200-day Moving Average is $101.77. Nevertheless, the first resistance level for the watch stands at $127.03 in the near term. At $128.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $129.84. If the price goes on to break the first support level at $124.22, it is likely to go to the next support level at $122.57. Now, if the price goes above the second support level, the third support stands at $121.41.
Netapp Inc (NASDAQ: NTAP) Key Stats
There are currently 205,802K shares outstanding in the company with a market cap of 25.87 billion. Presently, the company’s annual sales total 6,268 M according to its annual income of 986,000 K. Last quarter, the company’s sales amounted to 1,668 M and its income totaled 291,000 K.
