With 1.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.69 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $123.545 whereas the lowest price it dropped to was $117.97. The 52-week range on NTAP shows that it touched its highest point at $135.45 and its lowest point at $83.62 during that stretch. It currently has a 1-year price target of $140.47. With its current market cap of 24.06 billion, NTAP has annualized dividend of $2.04 while the current yield stands at 1.72%. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NTAP was down-trending over the past week, with a drop of -3.52%, but this was down by -0.84% over a month. Three-month performance dropped to -1.45% while six-month performance fell -7.16%. The stock gained 31.93% in the past year, while it has gained 34.23% so far this year. A look at the trailing 12-month EPS for NTAP yields 5.45 with Next year EPS estimates of 7.88. For the next quarter, that number is 1.90. This implies an EPS growth rate of 13.30% for this year and 7.62% for next year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.51%.
Float and Shares Shorts:
At present, 203.00 million NTAP shares are outstanding with a float of 202.48 million shares on hand for trading. On 2024-10-31, short shares totaled 8.89 million, which was 434.0 higher than short shares on 1727654400. In addition to Mr. George Kurian as the firm’s CEO & Director, Mr. Cesar Cernuda Rego serves as its President.
Institutional Ownership:
Through their ownership of 0.93911004 of NTAP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-26, NTAP reported revenue of $1658000000.0 and operating income of $358000000.0. The EBITDA in the recently reported quarter was $451000000.0 and diluted EPS was $1.42.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NTAP since 16 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NTAP analysts setting a high price target of 160.0 and a low target of 116.0, the average target price over the next 12 months is 138.88235. Based on these targets, NTAP could surge 35.2% to reach the target high and fall by -1.98% to reach the target low. Reaching the average price target will result in a growth of 17.36% from current levels.
Analysts have provided yearly estimates in a range of $6.48889 being high and $6.4389 being low. For NTAP, this leads to a yearly average estimate of $6.46889.
