Netapp Inc Stock Price on March 25, 2023
| NTAP Stock | USD 100.14 0.77 0.76% |
Below is the normalized historical share price chart for NetApp Inc extending back to November 21, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NetApp stands at 100.14, as last reported on the 18th of April 2024, with the highest price reaching 101.89 and the lowest price hitting 99.73 during the day.
If you're considering investing in NetApp Stock, it is important to understand the factors that can impact its price. NetApp appears to be very steady, given 3 months investment horizon. NetApp Inc has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NetApp, which you can use to evaluate the volatility of the firm. Please exercise NetApp's Risk Adjusted Performance of 0.0742, downside deviation of 1.32, and Mean Deviation of 1.18 to check out if our risk estimates are consistent with your expectations.
At this time, NetApp's Total Stockholder Equity is relatively stable compared to the past year. As of 04/18/2024, Common Stock Shares Outstanding is likely to grow to about 255.4 M, though Other Stockholder Equity is likely to grow to (55.7 M). . At this time, NetApp's Price Book Value Ratio is relatively stable compared to the past year. As of 04/18/2024, Price To Free Cash Flows Ratio is likely to grow to 14.87, though Price Earnings To Growth Ratio is likely to grow to (2.85). NetApp Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of November 1995 | 200 Day MA 84.6104 | 50 Day MA 98.014 | Beta 1.268 |
NetApp |
Sharpe Ratio = 0.1042
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Estimated Market Risk
| 2.57 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average NetApp is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NetApp by adding it to a well-diversified portfolio.
Price Book 21.138 | Enterprise Value Ebitda 13.6694 | Price Sales 3.3993 | Shares Float 205.5 M | Dividend Share 2 |
Related Headline
Red Cat Headline on 24th of March 2023
Acquisition by Liuzza Nicholas Reyland Jr of 1350 shares of ... by Liuzza Nicholas Reyland Jr
Filed transaction by Red Cat Holdings Inc director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
NetApp Valuation on March 25, 2023
It is possible to determine the worth of NetApp on a given historical date. On March 25, 2023 NetApp was worth 61.39 at the beginning of the trading date compared to the closed value of 59.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NetApp stock. Still, in general, we apply an absolute valuation method to find NetApp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NetApp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NetApp's related companies.
| Open | High | Low | Close | Volume | |
| 61.86 | 63.05 | 59.61 | 59.61 | 2,101,774 | |
03/24/2023 | 61.39 | 61.47 | 59.16 | 59.16 | 1,931,146 |
| 61.36 | 62.09 | 59.74 | 59.74 | 1,433,021 |
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NetApp Trading Date Momentum on March 25, 2023
| On March 27 2023 NetApp Inc was traded for 59.74 at the closing time. The top price for the day was 62.09 and the lowest listed price was 59.74 . The trading volume for the day was 1.4 M. The trading history from March 27, 2023 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 0.98% . The trading delta at closing time against the current closing price is 7.83% . |
NetApp Inc Fundamentals Correlations and Trends
By evaluating NetApp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NetApp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NetApp financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NetApp Stock history
NetApp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NetApp is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NetApp Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NetApp stock prices may prove useful in developing a viable investing in NetApp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 198 M | 255.4 M | |
| Net Income Applicable To Common Shares | 1.5 B | 1.5 B |
NetApp Quarterly Net Working Capital |
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NetApp Stock Technical Analysis
NetApp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NetApp Period Price Range
Low | March 24, 2023
| High |
61.39 | 59.16 |
NetApp April 18, 2024 Market Strength
Market strength indicators help investors to evaluate how NetApp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NetApp shares will generate the highest return on investment. By undertsting and applying NetApp stock market strength indicators, traders can identify NetApp Inc entry and exit signals to maximize returns
| Accumulation Distribution | 72571.13 | |||
| Daily Balance Of Power | (0.97) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 60.32 | |||
| Day Typical Price | 59.93 | |||
| Price Action Indicator | (2.27) | |||
| Period Momentum Indicator | 40.98 | |||
| Relative Strength Index | 68.8 |
NetApp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NetApp's price direction in advance. Along with the technical and fundamental analysis of NetApp Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NetApp to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0742 | |||
| Jensen Alpha | 0.1884 | |||
| Total Risk Alpha | 0.0747 | |||
| Sortino Ratio | 0.1601 | |||
| Treynor Ratio | 0.1709 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for NetApp Stock analysis
When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.933 | Dividend Share 2 | Earnings Share 4.39 | Revenue Per Share 29.398 | Quarterly Revenue Growth 0.052 |
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.