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NTAP
Stock ticker: NASDAQ
AS OF
Dec 20, 04:59 PM (EDT)
Price
$118.48
Change
+$1.90 (+1.63%)
Capitalization
21.68B

NTAP NetApp Forecast, Technical & Fundamental Analysis

Provides data management and storage solutions

NTAP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for NTAP with price predictions
Dec 20, 2024

NTAP's Stochastic Oscillator sits in 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 uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NTAP advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 306 cases where NTAP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NTAP as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NTAP turned negative on December 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

NTAP moved below its 50-day moving average on December 17, 2024 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 December 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 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 November 26, 2024. 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.

Fundamental Analysis (Ratings)

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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: P/B Ratio (21.786) is normal, around the industry mean (6.425). P/E Ratio (23.925) is within average values for comparable stocks, (59.439). Projected Growth (PEG Ratio) (0.944) is also within normal values, averaging (55.962). Dividend Yield (0.019) settles around the average of (0.034) among similar stocks. P/S Ratio (3.636) is also within normal values, averaging (11.728).

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.

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NTAP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

NTAP is expected to report earnings to rise 1.60% to $1.90 per share on February 27

NetApp NTAP Stock Earnings Reports
Q1'25
Est.
$1.90
Q4'24
Beat
by $0.09
Q3'24
Beat
by $0.11
Q2'24
Beat
by $0.01
Q1'24
Beat
by $0.25
The last earnings report on November 21 showed earnings per share of $1.87, beating the estimate of $1.78. With 3.81M shares outstanding, the current market capitalization sits at 21.68B.
A.I.Advisor
published Dividends

NTAP paid dividends on October 23, 2024

NetApp NTAP Stock Dividends
А dividend of $0.52 per share was paid with a record date of October 23, 2024, and an ex-dividend date of October 04, 2024. Read more...
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 Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, NTAP has been loosely correlated with PSTG. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if NTAP jumps, then PSTG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NTAP
1D Price
Change %
NTAP100%
+1.60%
PSTG - NTAP
61%
Loosely correlated
+3.30%
DELL - NTAP
58%
Loosely correlated
+3.40%
WDC - NTAP
52%
Loosely correlated
+1.04%
ANET - NTAP
47%
Loosely correlated
+3.43%
STX - NTAP
43%
Loosely correlated
-0.26%
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