NetApp Stock Chance of Future Stock Price Finishing Over 64.22

NTAP
 Stock
  

USD 67.61  4.18  5.82%   

NetApp's future price is the expected price of NetApp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of NetApp Inc performance during a given time horizon utilizing its historical volatility. NetApp Price to Book Value is very stable at the moment as compared to the past year. NetApp reported last year Price to Book Value of 5.43. As of 30th of November 2022, Price to Earnings Ratio is likely to grow to 37.91, while Price to Sales Ratio is likely to drop 2.41.
  
NetApp's implied volatility is one of the determining factors in the pricing options written on NetApp Inc. Implied volatility approximates the future value of NetApp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in NetApp Inc over a specific time period. For example, 2022-12-02 CALL at $68.0 is a CALL option contract on NetApp's common stock with a strick price of 68.0 expiring on 2022-12-02. The contract was last traded on 2022-11-30 at 15:58:52 for $0.68 and, as of today, has 1 days remaining before the expiration. The option is currently trading at a bid price of $0.3, and an ask price of $0.85. The implied volatility as of the 30th of November is 60.757. View All NetApp options

Closest to current price NetApp long CALL Option Payoff at Expiration

Additionally, see NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History as well as NetApp Performance. Please specify NetApp time horizon, a valid symbol (red box) and a target price (blue box) you would like NetApp odds to be computed.

NetApp Target Price Odds to finish over 64.22

The tendency of NetApp Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 64.22  in 90 days
 67.61 90 days 64.22 
about 83.89
Based on a normal probability distribution, the odds of NetApp to stay above $ 64.22  in 90 days from now is about 83.89 (This NetApp Inc probability density function shows the probability of NetApp Stock to fall within a particular range of prices over 90 days) . Probability of NetApp Inc price to stay between $ 64.22  and its current price of $67.61 at the end of the 90-day period is about 28.48 .
Given the investment horizon of 90 days NetApp has a beta of 0.98. This indicates NetApp Inc market returns are highly reactive to returns on the market. As the market goes up or down, NetApp is expected to follow. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NetApp Inc is significantly underperforming NYSE Composite.
   NetApp Price Density   
       Price  

Predictive Modules for NetApp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NetApp Inc. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NetApp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NetApp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
65.3767.4769.57
Details
Intrinsic
Valuation
LowReal ValueHigh
60.8582.7384.83
Details
Naive
Forecast
LowNext ValueHigh
67.4069.5071.60
Details
16 Analysts
Consensus
LowTarget PriceHigh
70.0097.69120.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NetApp. Your research has to be compared to or analyzed against NetApp's peers to derive any actionable benefits. When done correctly, NetApp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in NetApp Inc.

NetApp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. NetApp is not an exception. The market had few large corrections towards the NetApp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NetApp Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NetApp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.17
β
Beta against NYSE Composite0.98
σ
Overall volatility
3.97
Ir
Information ratio -0.08

NetApp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NetApp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NetApp Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
NetApp Inc generated a negative expected return over the last 90 days
Over 90.0% of the company shares are owned by institutional investors
On 26th of October 2022 NetApp paid $ 0.5 per share dividend to its current shareholders
Latest headline from news.google.com: Wells Fargo Adjusts Price Target on NetApp to 70 From 85, Maintains Equal-Weight Rating - Marketscreener.com

NetApp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of NetApp Stock often depends not only on the future outlook of the current and potential NetApp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NetApp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding229000000.00
DescriptionNetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud a
Cash And Short Term Investments4134000000.00

NetApp Technical Analysis

NetApp's future price can be derived by breaking down and analyzing its technical indicators over time. NetApp Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NetApp Inc. In general, you should focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environments and drivers.

NetApp Predictive Forecast Models

NetApp time-series forecasting models is one of many NetApp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NetApp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about NetApp Inc

Checking the ongoing alerts about NetApp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NetApp Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NetApp Inc generated a negative expected return over the last 90 days
Over 90.0% of the company shares are owned by institutional investors
On 26th of October 2022 NetApp paid $ 0.5 per share dividend to its current shareholders
Latest headline from news.google.com: Wells Fargo Adjusts Price Target on NetApp to 70 From 85, Maintains Equal-Weight Rating - Marketscreener.com
Additionally, see NetApp Backtesting, NetApp Valuation, NetApp Correlation, NetApp Hype Analysis, NetApp Volatility, NetApp History as well as NetApp Performance. 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for NetApp Stock analysis

When running NetApp Inc 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 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 YOY
0.091
Market Capitalization
14.7 B
Quarterly Revenue Growth YOY
0.092
Return On Assets
0.0807
Return On Equity
1.38
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 NetApp value 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.