Netscout Systems Inc (NASDAQ:NTCT) currently has a daily average trading volume of 759.76K but it saw 1405229 shares traded in last market. With a market cap of 1.45B USD, the company’s current market price of $20.37 came rising about 11.62 while comparing to the previous closing price of $18.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.37 and as low as $17.10.
Taking a look at 20-day trading activity of Netscout Systems Inc (NTCT) gives us an average price of $18.62, while its current price level is -32.93% below from 52-week high level whereas it is 19.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.16 while that of 200 days or SMA-200 reads an average of $20.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.69% during that period while stretching the period over a month that decreases to 2.57%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 65.23 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Piper Sandler which upgraded the stock as “Neutral” in its note to investors issued on May 05, 2023, recommending a price target of $30 for it. Piper Sandler downgraded its recommendation for the stock as a “Underweight” from “Neutral” on May 31, 2022 while assigning a price target range of $35-$33. Lake Street issued its recommendations for the stock as it downgraded the price target for the stock is $26.
Over the week, NTCT’s stock price is moving 9.05% up while it is 13.42% when we observe its performance for the past one month. Year-to-date it is -7.20% down and over the past year, the stock is showing a downside performance of -31.04%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.61 beat the consensus estimate of 0.54 for the same. In next quarter, company is expected to be making quarterly sales of $223.54M as analysts are expecting the sales for current fiscal year at $807.86M and seeing the company making $826.67M in sales next year. Moreover, analysts are in estimates of $196.04M for current-quarter revenue.
Currently, Netscout Systems Inc’s total number of outstanding shares is 71.40M. Company’s return on investment (ROI) stands at -7.28% and return on equity (ROE) at -7.53%. It has a 9.34 of forward P/E ratio. Stock’s beta reads 0.60. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 1.75. Its return on asset (ROA) is -5.46% on average.
