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As of close of business last night, Netapp Inc’s stock clocked out at $125.56, down -0.11% from its previous closing price of $125.70. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 1.47 million shares were traded. NTAP stock price reached its highest trading level at $127.4692 during the session, while it also had its lowest trading level at $123.52.
Ratios:
To gain a deeper understanding of NTAP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 2.31 whereas as Long-Term Debt/Eq ratio is at 1.93.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on May 31, 2024, Upgraded its rating to Neutral and sets its target price to $125 from $95 previously.
On May 31, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $120 to $135.
Argus Upgraded its Hold to Buy on March 04, 2024, while the target price for the stock was maintained at $130.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 15 ’24 when Kurian George sold 8,500 shares for $130.36 per share. The transaction valued at 1,108,089 led to the insider holds 314,274 shares of the business.
O’Callahan Elizabeth M sold 452 shares of NTAP for $60,148 on Jul 10 ’24. The EVP, Chief Legal Officer now owns 11,886 shares after completing the transaction at $133.07 per share. On Jun 28 ’24, another insider, CERNUDA CESAR, who serves as the President of the company, sold 22,000 shares for $129.46 each. As a result, the insider received 2,848,113 and left with 64,789 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NTAP now has a Market Capitalization of 25840498688 and an Enterprise Value of 25234468864. As of this moment, Netapp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.00, and their Forward P/E ratio for the next fiscal year is 17.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.13 while its Price-to-Book (P/B) ratio in mrq is 22.57. Its current Enterprise Value per Revenue stands at 4.026 whereas that against EBITDA is 16.947.
Stock Price History:
Over the past 52 weeks, NTAP has reached a high of $135.01, while it has fallen to a 52-week low of $70.82. The 50-Day Moving Average of the stock is 1.70%, while the 200-Day Moving Average is calculated to be 27.47%.
Shares Statistics:
It appears that NTAP traded 2.08M shares on average per day over the past three months and 1491540 shares per day over the past ten days. A total of 206.00M shares are outstanding, with a floating share count of 204.95M. Insiders hold about 0.41% of the company’s shares, while institutions hold 94.05% stake in the company. Shares short for NTAP as of 1721001600 were 5712213 with a Short Ratio of 2.74, compared to 1718323200 on 5171816. Therefore, it implies a Short% of Shares Outstanding of 5712213 and a Short% of Float of 3.2300000000000004.
Dividends & Splits
With its trailing 12-month dividend rate of 2.0, NTAP has a forward annual dividend rate of 2.02. Against a Trailing Annual Dividend Yield of 0.0159109The stock’s 5-year Average Dividend Yield is 2.91.
