Netapp Inc (NASDAQ: NTAP) Stock Increased 0.19% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Netapp Inc (NASDAQ:NTAP) does about 1.96M shares in volume on a normal day but saw 1839999 shares change hands in Monday’s trading. The company now has a market cap of 22.32B USD. Its current market price is $108.15, marking a decrease of -0.32% compared to the previous close of $108.50. The 52 week high reached by this stock is $112.48 whilst the lowest price level in 52 weeks is $62.42.

Netapp Inc (NTAP) has a 20-day trading average at $103.16 and the current price is -3.85% off the 52-week high compared with 73.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $103.63 and its 200-day simple moving average is $87.01. If we look at the stock’s price movements over the week, volatility stands at 1.86%, which increases to 1.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.54 to suggest the stock is neutral.

The consensus objective for the share price is $105.19, suggesting that the stock has a potential downside of -2.81% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 04, 2024 when Argus upgraded the stock to “Buy” and issued a price target of $130.

Netapp Inc (NTAP) stock is up 0.19% over the week and 6.23% over the past month. Its price is 22.67% year-to-date and 71.53% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -2.81 percent from here.

The company has a return on investment of 29.28% and return on equity of 89.69%. The price to earnings ratio (P/E ratio) amounts to 24.54 while the forward price to earnings ratio is 16.11. The beta has a value of 1.21. Price to book ratio is 22.41 and price to sales ratio is 3.62.