On Tuesday, Netapp Inc (NASDAQ: NTAP) was -5.00% drop from the session before settling in for the closing price of $127.60. A 52-week range for NTAP has been $83.62 – $135.45.
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Annual sales at Technology sector company grew by 0.68% over the past five years. When this article was written, the company’s average yearly earnings per share was at 13.15%. With a float of $202.47 million, this company’s outstanding shares have now reached $203.00 million.
Let’s look at the performance matrix of the company that is accounted for 11800 employees. In terms of profitability, gross margin is 71.0%, operating margin of 21.0%, and the pretax margin is 21.96%.
Netapp Inc (NTAP) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Netapp Inc stocks. The insider ownership of Netapp Inc is 0.41%, while institutional ownership is 94.55%. The most recent insider transaction that took place on Dec 10 ’24, was worth 1,914,000. Before that another transaction happened on Dec 10 ’24, when Company’s Officer proposed sale 770 for $127.41, making the entire transaction worth $98,106.
Netapp Inc (NTAP) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.15% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% 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 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.81. Likewise, its price to free cash flow for the trailing twelve months is 17.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.45, a number that is poised to hit 1.90 in the next quarter and is forecasted to reach 7.86 in one year’s time.
Technical Analysis of Netapp Inc (NTAP)
Netapp Inc (NASDAQ: NTAP) saw its 5-day average volume 2.09 million, a positive change from its year-to-date volume of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 54.73%. Additionally, its Average True Range was 3.81.
During the past 100 days, Netapp Inc’s (NTAP) raw stochastic average was set at 36.99%, which indicates a significant increase from 4.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.33% in the past 14 days, which was higher than the 33.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $122.89, while its 200-day Moving Average is $117.69. Nevertheless, the first resistance level for the watch stands at $126.29 in the near term. At $131.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $134.20. If the price goes on to break the first support level at $118.38, it is likely to go to the next support level at $115.55. Assuming the price breaks the second support level, the third support level stands at $110.47.
Netapp Inc (NASDAQ: NTAP) Key Stats
There are 203,306K outstanding shares of the company, which has a market capitalization of 24.64 billion. As of now, sales total 6,268 M while income totals 986,000 K. Its latest quarter income was 1,658 M while its last quarter net income were 299,000 K.
