Growth Story Still Intact For Netapp Inc (NTAP)

Netapp Inc (NTAP) concluded trading on Thursday at a closing price of $126.68, with 4.41 million shares of worth about $559.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.08% during that period and on November 21, 2024 the price saw a gain of about 2.62%. Currently the company’s common shares owned by public are about 206.00M shares, out of which, 203.94M shares are available for trading.

Stock saw a price change of 7.29% in past 5 days and over the past one month there was a price change of 6.44%. Year-to-date (YTD), NTAP shares are showing a performance of 43.69% which increased to 63.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $77.30 but also hit the highest price of $135.01 during that period. The average intraday trading volume for Netapp Inc shares is 1.55 million. The stock is currently trading 5.54% above its 20-day simple moving average (SMA20), while that difference is up 4.03% for SMA50 and it goes to 9.78% higher than SMA200.

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Netapp Inc (NASDAQ: NTAP) currently have 206.00M outstanding shares and institutions hold larger chunk of about 93.83% of that.

The stock has a current market capitalization of $25.94B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 24.69, while it has posted earnings per share of $5.13 in the same period. Its PEG reads 4.12 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTAP, volatility over the week remained 2.44% while standing at 2.02% over the month.

Stock’s fiscal year EPS is expected to rise by 10.03% while it is estimated to increase by 6.91% in next year. EPS is likely to grow at an annualized rate of 6.00% for next 5-years, compared to annual growth of 0.51% made by the stock over the past 5-years.

On September 03, 2024, Loop Capital Upgrade their recommendations, while on May 31, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $125. Stock get a Buy rating from TD Cowen on May 31, 2024.

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