With 3.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.04 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $142.4099 whereas the lowest price it dropped to was $138.13. The 52-week range on NET shows that it touched its highest point at $140.25 and its lowest point at $66.24 during that stretch. It currently has a 1-year price target of $112.96. Beta for the stock currently stands at 1.13.
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 NET was up-trending over the past week, with a rise of 10.61%, but this was up by 26.94% over a month. Three-month performance surged to 54.60% while six-month performance rose 78.58%. The stock gained 66.83% in the past year, while it has gained 28.53% so far this year. A look at the trailing 12-month EPS for NET yields -0.28 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.18. This implies an EPS growth rate of 51.56% for this year and 12.41% for next year. EPS is expected to grow by 29.35% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.56%.
Float and Shares Shorts:
At present, 305.39 million NET shares are outstanding with a float of 300.36 million shares on hand for trading. On 2025-01-15, short shares totaled 9.37 million, which was 273.0 higher than short shares on 1734048000. In addition to Mr. Matthew Prince J.D. as the firm’s Co-Founder, Chairman & CEO, Ms. Michelle Zatlyn serves as its Co-Founder, COO, President & Director.
Institutional Ownership:
Through their ownership of 0.85976 of NET’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 2024-09-30, NET reported revenue of $430082000.0 and operating income of $-30794000.0. The EBITDA in the recently reported quarter was $20320000.0 and diluted EPS was $-0.04.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NET since 18 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 10 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 NET analysts setting a high price target of 150.0 and a low target of 60.0, the average target price over the next 12 months is 111.76552. Based on these targets, NET could surge 8.38% to reach the target high and fall by -56.65% to reach the target low. Reaching the average price target will result in a decline of -19.24% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.75269 being high and $0.73261 being low. For NET, this leads to a yearly average estimate of $0.74265. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.18.
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