A new trading day began on Tuesday, with Netapp Inc (NASDAQ: NTAP) stock price up 1.54% from the previous day of trading, before settling in for the closing price of $114.92. NTAP’s price has ranged from $83.80 to $135.45 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 0.68% over the last five years. Meanwhile, its annual earnings per share averaged 13.31%. With a float of $202.51 million, this company’s outstanding shares have now reached $203.00 million.
The firm has a total of 11800 workers. Let’s measure their productivity. In terms of profitability, gross margin is 71.0%, operating margin of 21.0%, and the pretax margin is 21.96%.
Netapp Inc (NTAP) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Netapp Inc is 0.39%, while institutional ownership is 94.59%. The most recent insider transaction that took place on Jan 10 ’25, was worth 52,672. In this transaction EVP, Chief Legal Officer of this company sold 451 shares at a rate of $116.79, taking the stock ownership to the 12,005 shares. Before that another transaction happened on Jan 07 ’25, when Company’s EVP, CFO sold 12,500 for $117.80, making the entire transaction worth $1,472,479. This insider now owns 148,243 shares in total.
Netapp Inc (NTAP) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.31% 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
Here are Netapp Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.67. Likewise, its price to free cash flow for the trailing twelve months is 17.25.
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 7.89 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 1.43 million was better than the volume posted last year of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 41.24%. Additionally, its Average True Range was 3.01.
During the past 100 days, Netapp Inc’s (NTAP) raw stochastic average was set at 16.96%, which indicates a significant decrease from 57.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.05% in the past 14 days, which was lower than the 31.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $120.77, while its 200-day Moving Average is $119.56. Now, the first resistance to watch is $117.91. This is followed by the second major resistance level at $119.14. The third major resistance level sits at $120.32. If the price goes on to break the first support level at $115.50, it is likely to go to the next support level at $114.32. Now, if the price goes above the second support level, the third support stands at $113.09.
Netapp Inc (NASDAQ: NTAP) Key Stats
With a market capitalization of 23.72 billion, the company has a total of 203,306K Shares Outstanding. Currently, annual sales are 6,268 M while annual income is 986,000 K. The company’s previous quarter sales were 1,658 M while its latest quarter income was 299,000 K.
