On Monday, Netapp Inc (NASDAQ: NTAP) was -0.56% drop from the session before settling in for the closing price of $116.10. A 52-week range for NTAP has been $73.63 – $135.01.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 0.68%. When this article was written, the company’s average yearly earnings per share was at 9.81%. With a float of $203.78 million, this company’s outstanding shares have now reached $206.00 million.
The extent of productivity of a business whose workforce counts for 11800 workers is very important to gauge. In terms of profitability, gross margin is 70.92%, operating margin of 20.95%, and the pretax margin is 21.58%.
Netapp Inc (NTAP) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Netapp Inc stocks. The insider ownership of Netapp Inc is 0.49%, while institutional ownership is 94.40%. The most recent insider transaction that took place on Oct 21 ’24, was worth 1,071,929. In this transaction CEO of this company sold 8,500 shares at a rate of $126.11, taking the stock ownership to the 292,778 shares. Before that another transaction happened on Oct 21 ’24, when Company’s Officer proposed sale 8,500 for $126.11, making the entire transaction worth $1,071,905.
Netapp Inc (NTAP) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 9.81% 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
You can see what Netapp Inc (NTAP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.74. Likewise, its price to free cash flow for the trailing twelve months is 16.86.
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 7.58 in one year’s time.
Technical Analysis of Netapp Inc (NTAP)
The latest stats from [Netapp Inc, NTAP] show that its last 5-days average volume of 1.57 million was inferior to 1.82 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 4.85%. Additionally, its Average True Range was 2.52.
During the past 100 days, Netapp Inc’s (NTAP) raw stochastic average was set at 11.65%, which indicates a significant increase from 1.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.17% in the past 14 days, which was lower than the 28.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $121.66, while its 200-day Moving Average is $113.25. Now, the first resistance to watch is $116.33. This is followed by the second major resistance level at $117.20. The third major resistance level sits at $117.74. If the price goes on to break the first support level at $114.91, it is likely to go to the next support level at $114.37. The third support level lies at $113.50 if the price breaches the second support level.
Netapp Inc (NASDAQ: NTAP) Key Stats
There are 204,783K outstanding shares of the company, which has a market capitalization of 23.80 billion. As of now, sales total 6,268 M while income totals 986,000 K. Its latest quarter income was 1,541 M while its last quarter net income were 248,000 K.
