Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Netapp Inc (NASDAQ: NTAP) closed at $99.42 up 1.54% from its previous closing price of $97.91. In other words, the price has increased by $1.54 from its previous closing price. On the day, 1.75 million shares were traded. NTAP stock price reached its highest trading level at $99.84 during the session, while it also had its lowest trading level at $97.89.
Ratios:
For a deeper understanding of Netapp Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 2.67 whereas as Long-Term Debt/Eq ratio is at 2.23.
On March 01, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $100 to $120.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 15 ’24 when Kurian George sold 8,500 shares for $103.16 per share. The transaction valued at 876,838 led to the insider holds 252,702 shares of the business.
O’Callahan Elizabeth M sold 871 shares of NTAP for $89,730 on Apr 10 ’24. The EVP, Chief Legal Officer now owns 9,601 shares after completing the transaction at $103.02 per share. On Apr 01 ’24, another insider, CERNUDA CESAR, who serves as the President of the company, sold 22,000 shares for $105.03 each. As a result, the insider received 2,310,660 and left with 43,072 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 20518000640 and an Enterprise Value of 19939338240. As of this moment, Netapp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.56, and their Forward P/E ratio for the next fiscal year is 14.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32 while its Price-to-Book (P/B) ratio in mrq is 20.60. Its current Enterprise Value per Revenue stands at 3.226 whereas that against EBITDA is 13.808.
Stock Price History:
Over the past 52 weeks, NTAP has reached a high of $112.48, while it has fallen to a 52-week low of $60.92. The 50-Day Moving Average of the stock is 0.49%, while the 200-Day Moving Average is calculated to be 16.87%.
Shares Statistics:
For the past three months, NTAP has traded an average of 1.88M shares per day and 1445330 over the past ten days. A total of 212.00M shares are outstanding, with a floating share count of 205.70M. Insiders hold about 0.33% of the company’s shares, while institutions hold 95.06% stake in the company. Shares short for NTAP as of 1711584000 were 5176877 with a Short Ratio of 2.76, compared to 1709164800 on 7156067. Therefore, it implies a Short% of Shares Outstanding of 5176877 and a Short% of Float of 2.91.
Dividends & Splits
According to the company, the forward annual dividend rate for NTAP is 2.00, from 2.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.020426922The stock’s 5-year Average Dividend Yield is 2.95.
