Netapp Inc (NASDAQ: NTAP) kicked off on Friday, down -0.13% from the previous trading day, before settling in for the closing price of $126.69. Over the past 52 weeks, NTAP has traded in a range of $70.82-$135.01.
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Technology Sector giant saw their annual sales surged by 0.68% over the last five years. While this was happening, its average annual earnings per share was recorded 10.00%. With a float of $203.77 million, this company’s outstanding shares have now reached $206.00 million.
The firm has a total of 11800 workers. Let’s measure their productivity. In terms of profitability, gross margin is 70.92%, operating margin of 20.95%, and the pretax margin is 21.58%.
Netapp Inc (NTAP) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of Netapp Inc is 0.49%, while institutional ownership is 94.55%. The most recent insider transaction that took place on Oct 10 ’24, was worth 88,971. In this transaction EVP, Chief Legal Officer of this company sold 705 shares at a rate of $126.20, taking the stock ownership to the 11,694 shares. Before that another transaction happened on Oct 10 ’24, when Company’s Officer proposed sale 705 for $126.20, making the entire transaction worth $88,971.
Netapp Inc (NTAP) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 1.58 earnings per share (EPS), higher than consensus estimate (set at 1.39) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.33% during the next five years compared to 0.51% growth over the previous five years of trading.
Netapp Inc (NASDAQ: NTAP) Trading Performance Indicators
Take a look at Netapp Inc’s (NTAP) current performance indicators. Last quarter, stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.07. Likewise, its price to free cash flow for the trailing twelve months is 18.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.13, a number that is poised to hit 1.78 in the next quarter and is forecasted to reach 7.59 in one year’s time.
Technical Analysis of Netapp Inc (NTAP)
Analysing the last 5-days average volume posted by the [Netapp Inc, NTAP], we can find that recorded value of 0.96 million was lower than the volume posted last year of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 64.05%. Additionally, its Average True Range was 2.38.
During the past 100 days, Netapp Inc’s (NTAP) raw stochastic average was set at 61.70%, which indicates a significant decrease from 76.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.88% in the past 14 days, which was lower than the 28.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $123.87, while its 200-day Moving Average is $111.44. Now, the first resistance to watch is $127.56. This is followed by the second major resistance level at $128.59. The third major resistance level sits at $129.81. If the price goes on to break the first support level at $125.31, it is likely to go to the next support level at $124.09. Now, if the price goes above the second support level, the third support stands at $123.06.
Netapp Inc (NASDAQ: NTAP) Key Stats
The company with the Market Capitalisation of 25.91 billion has total of 205,802K Shares Outstanding. Its annual sales at the moment are 6,268 M in contrast with the sum of 986,000 K annual income. Company’s last quarter sales were recorded 1,541 M and last quarter income was 248,000 K.
