Netapp Inc (NTAP) concluded trading on Thursday at a closing price of $91.09, with 2.64 million shares of worth about $240.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.91% during that period and on March 27, 2025 the price saw a loss of about -1.79%. Currently the company’s common shares owned by public are about 206.38M shares, out of which, 205.66M shares are available for trading.
Stock saw a price change of -1.10% in past 5 days and over the past one month there was a price change of -26.83%. Year-to-date (YTD), NTAP shares are showing a performance of -21.53% which decreased to -13.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $89.88 but also hit the highest price of $135.45 during that period. The average intraday trading volume for Netapp Inc shares is 1.97 million. The stock is currently trading -2.20% below its 20-day simple moving average (SMA20), while that difference is down -17.53% for SMA50 and it goes to -24.20% lower than SMA200.
Netapp Inc (NASDAQ: NTAP) currently have 206.38M outstanding shares and institutions hold larger chunk of about 94.31% of that.
The stock has a current market capitalization of $18.80B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 16.86, while it has posted earnings per share of $5.40 in the same period. Its PEG reads 1.72 and has Quick Ratio of 0.85 while making debt-to-equity ratio of 2.26. 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 2.13% while standing at 3.19% over the month.
Stock’s fiscal year EPS is expected to rise by 11.88% while it is estimated to increase by 7.62% in next year. EPS is likely to grow at an annualized rate of 9.82% for next 5-years, compared to annual growth of 0.51% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on February 28, 2025 offering a Buy rating for the stock and assigned a target price range of between $160 and $130 to it. Coverage by BofA Securities stated Netapp Inc (NTAP) stock as a Neutral in their note to investors on February 19, 2025, suggesting a price target of $128 for the stock. On February 10, 2025, Susquehanna Downgrade their recommendations, while on December 16, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $160. Stock get a Buy rating from TD Cowen on November 22, 2024.
