The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 44.64%.However, over the last six months, we can see a weaker performance of 11.82%. Over the last 30 days, the price of NTAP has fallen by 7.15%. And in the last five days, it has surged by 8.00%.
Netapp Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $135.01 on 07/10/24 and the lowest value was $77.30 on 11/22/23.
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52-week price history of NTAP Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Netapp Inc’s current trading price is -5.55% away from its 52-week high, while its distance from the 52-week low is 64.96%. The stock’s price range during this period has varied between$77.30 and $135.01. The Netapp Inc’s shares, which operate in the Technology, saw a trading volume of around 0.97 million for the day, a figure considerably lower than their average daily volume of 1.55 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Netapp Inc (NTAP) has experienced a quarterly decline of -4.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.11B and boasts a workforce of 11800 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 123.57, with a change in price of -2.81. Similarly, Netapp Inc recorded 1,554,619 in trading volume during the last 100 days, posting a change of -2.16%.
NTAP’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NTAP stands at 2.85. Similarly, the long-term debt-to-equity ratio is also 1.57.
NTAP Stock Stochastic Average
Netapp Inc’s raw stochastic average for the past 50 days is presently 90.96%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 96.74%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 84.04% and 64.47%, respectively.
