Netapp Inc (NASDAQ:NTAP) shares, rose in value, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $99.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $99.67. The PE ratio was 18.34 over 12-month period. Referring to stock’s 52-week performance, its high was $135.45, and the low was $71.84. On the whole, NTAP has fluctuated by 12.82% over the past month.
With the market capitalization of Netapp Inc currently standing at about $20.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.08, with its dividend yield at 2.10%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NTAP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.98, with the price of NTAP currently trading nearly 1.91% and 9.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.69, while the 7-day volatility ratio is showing 1.78% which for the 30-day chart, stands at 1.65%. Furthermore, Netapp Inc (NTAP)’s beta value is 1.42, and its average true range (ATR) is 2.42.
A comparison of Netapp Inc (NTAP) with its peers suggests the former has fared considerably weaker in the market. NTAP showed an intraday change of -0.55% in today’s session so far, and over the past year, it shrunk by -14.30%%.
Data on historical trading for Netapp Inc (NASDAQ:NTAP) indicates that the trading volumes over the past 3 months, they’ve averaged 2.28 million. According to company’s latest data on outstanding shares, there are 206.38 million shares outstanding.
Nearly 0.50% of Netapp Inc’s shares belong to company insiders and institutional investors own 92.13% of the company’s shares. The stock has fallen by -14.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NTAP stock heading into the next quarter.
