National Instruments Corporation (NASDAQ:NATI) traded at $54.21 at last check on Tuesday, 01/24/23, made an upward move of 0.09% on its previous day’s price.
Looking at the stock we see that its previous close was $54.16 and the beta (5Y monthly) reads 1.04 with the day’s price range being $53.68 – $54.44. The company has a trailing 12-month PE ratio of 51.39. In terms of its 52-week price range, NATI has a high of $55.04 and a low of $29.81. The company’s stock has gained about 43.55% over that past 30 days.
National Instruments Corporation has a market cap of $7.01 billion and is expected to release its quarterly earnings report on Jan 31, 2023. With its Forward Dividend at 1.12 and a yield of 2.07%, the company’s investors could be anxious for the NATI stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.64, with the EPS growth for the year raised at $1.81 for 2022 and $2.21 for next year. These figures represent 170.10% and 22.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $453.89 million, with a low of $445.6 million and a high of $462.45 million. The median projection represents growth squeezing down to 7.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.66 billion, or 13.20% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NATI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the National Instruments Corporation (NATI) stock as a Hold, while 3 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NATI stock currently stands at 8.87, and the most recent price level today is 26.95% off its SMA20 and 32.47% from its 50-day simple moving average. The RSI (14) is pointing at 84.33 while the volatility over the past week is 2.13% and jumps to 2.72% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 1.75. The average price target for the stock over the next 12 months is $48.33, with the estimates having a low of $43.00 and a high of $55.00. These price ends are 20.68% and -1.46% off the today’s price level respectively, although investors could be excited at the prospect of a 11.46% if the NATI share price touches on the median price of $48.00.
Let’s briefly compare National Instruments Corporation (NATI) stock to its peers. We find that today’s price change of 0.09% and 34.29% over the past 12 months for NATI. Another of its peers AMETEK Inc. (AME) has dropped -1.54% today, and was 5.62% up over the past year, while Agilent Technologies Inc. (A) is also down -1.23% yet, while its price remains in the green at 13.22% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.45% and -1.08%, respectively, in early deals.
Coming back to National Instruments Corporation (NASDAQ:NATI), we note that the average 3-month trading volume was 1.31 million, while that of the preceding 10-day period stands at 4.6 million. Current shares outstanding are 132.04 million.
The insiders hold 0.40% of the company’s shares while institutions hold 93.70%. The data shows that short shares as of Dec 29, 2022, stood at 3.22 million at a short ratio of 4.41. This represents a 2.47% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 3.09 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 46.78% up in year-to-date price movement.