NetApp Inc. (NASDAQ:NTAP) shares traded higher over the last trading session, gaining 3.23% on 03/09/21. The shares fell to a low of $63.23 before closing at $64.61. Intraday shares traded counted 3.68 million, which was -80.5% lower than its 30-day average trading volume of 2.04M. NTAP’s previous close was $62.59 while the outstanding shares total 223.00M. The firm has a beta of 1.27, a 12-month trailing P/E ratio of 24.52, and a growth ratio of 3.20. The stock’s Relative Strength Index (RSI) is 47.91, with weekly volatility at 4.32% and ATR at 2.66. The NTAP stock’s 52-week price range has touched low of $34.66 and a $71.68 high.
Investors have identified the Computer Hardware company NetApp Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $14.32 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NetApp Inc. (NTAP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 5.11 billion total, with 3.05 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 3.79 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NTAP sounds very interesting.
Is the stock of NTAP attractive?
In related news, EVP, SSSBU and CIBU, Anderson Brad bought 8,100 shares of the company’s stock in a transaction that recorded on Mar 05. The purchase was performed at an average price of 61.79, for a total value of 500,470. As the purchase deal closes, the EVP Finance & Operations, CFO, BERRY MICHAEL J now bought 15,000 shares of the company’s stock, valued at 958,329. Also, Director, NEVENS THOMAS MICHAEL sold 16,000 shares of the company’s stock in a deal that was recorded on Dec 03. The shares were cost at an average price of 58.88 per share, with a total market value of 942,050. Following this completion of disposal, the Director, NEVENS THOMAS MICHAEL now holds 22,831 shares of the company’s stock, valued at 1,018,712. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
11 out of 26 analysts covering the stock have rated it a Buy, while 12 have maintained a Hold recommendation on NetApp Inc.. 1 analysts has assigned a Sell rating on the NTAP stock. The 12-month mean consensus price target for the company’s shares has been set at $75.24.