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NTAP
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
15.87B

NTAP Price Prediction, NetApp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NTAP with price predictions
08:00 PM EDT Sep 21, 2023

NTAP sees MACD Histogram just turned negative

NTAP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 18, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for NTAP moved out of overbought territory on September 07, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NTAP as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

NTAP moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NTAP crossed bearishly below the 50-day moving average on September 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NTAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NTAP broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for NTAP entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NTAP advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NTAP's P/B Ratio (18.182) is slightly higher than the industry average of (4.269). P/E Ratio (13.774) is within average values for comparable stocks, (65.478). Projected Growth (PEG Ratio) (0.944) is also within normal values, averaging (85.308). Dividend Yield (0.026) settles around the average of (0.037) among similar stocks. P/S Ratio (2.672) is also within normal values, averaging (10.963).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NTAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NTAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

A.I. Advisor
published Earnings

NTAP is expected to report earnings to rise 20.87% to $1.39 per share on November 28

NetApp NTAP Stock Earnings Reports
Q4'23
Est.
$1.39
Q3'23
Beat
by $0.08
Q2'23
Beat
by $0.20
Q1'23
Beat
by $0.06
Q4'22
Beat
by $0.15
The last earnings report on August 23 showed earnings per share of $1.15, beating the estimate of $1.07. With 159.92K shares outstanding, the current market capitalization sits at 15.87B.
A.I.Advisor
published Dividends

NTAP paid dividends on July 26, 2023

NetApp NTAP Stock Dividends
А dividend of $0.50 per share was paid with a record date of July 26, 2023, and an ex-dividend date of July 06, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Western Digital Corp (NASDAQ:WDC), Seagate Technology Holdings PLC (NASDAQ:STX), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 5.27B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was -1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 3%. EVRC experienced the highest price growth at 25%, while FATH experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -42%. For the same stocks of the Industry, the average monthly volume growth was -12% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 63
Price Growth Rating: 61
SMR Rating: 71
Profit Risk Rating: 87
Seasonality Score: -18 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

General Information

Provides data management and storage solutions

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
3060 Olsen Drive
Phone
+1 408 822-6000
Employees
12000
Web
https://www.netapp.com
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NTAP and

Correlation & Price change

A.I.dvisor indicates that over the last year, NTAP has been closely correlated with WDC. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if NTAP jumps, then WDC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NTAP
1D Price
Change %
NTAP100%
+0.16%
WDC - NTAP
67%
Closely correlated
+1.58%
HPQ - NTAP
65%
Loosely correlated
-0.11%
PSTG - NTAP
60%
Loosely correlated
-0.09%
DELL - NTAP
57%
Loosely correlated
+2.35%
STX - NTAP
54%
Loosely correlated
+0.69%
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