NetApp Stock Price on July 27, 2022 Breakdown

NTAP
 Stock
  

USD 66.64  0.55  0.82%   

As of today, the current price of NetApp is  66.64 , as last reported on the 6th of October, with the highest price reaching  66.87  and the lowest price hitting  65.95  during the day.
We consider NetApp very steady. NetApp Inc has Sharpe Ratio of 0.0356, which conveys that the firm had 0.0356% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for NetApp, which you can use to evaluate the future volatility of the firm. Please verify NetApp Inc Downside Deviation of 1.58, risk adjusted performance of 0.0586, and Mean Deviation of 1.45 to check out if the risk estimate we provide is consistent with the expected return of 0.0692%.
  

NetApp Main Headline on 27th of July 2022

NetApp Inc dividend paid on 27th of July 2022

NetApp Valuation on July 27, 2022

It is possible to determine the worth of NetApp on a given historical date. On July 27, 2022 NetApp was worth 69.27 at the beginning of the trading date compared to the closed value of 70.57. 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 Visa 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
  69.28    70.68    68.98    69.42    1,386,160  
07/27/2022
  69.27    71.08    69.27    70.57    1,056,107  
  70.64    71.94    70.14    71.71    991,749  
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Open Value 69.27
70.57
Closing Value
75.11
Upside

NetApp Trading Date Momentum on July 27, 2022

On July 28 2022 NetApp Inc was traded for  71.71  at the closing time. The top price for the day was 71.94  and the lowest listed price was  70.14 . The trading volume for the day was 991.7 K. The trading history from July 28, 2022 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 1.62% . The trading delta at closing time against the current closing price is 2.76% .

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 historical stock prices may prove useful in developing a viable investing in NetApp
NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people.

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.
A focus of NetApp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NetApp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NetApp Period Price Range

Low
July 27, 2022
High

 69.27 

  

 70.57 

1.301.88%

NetApp October 6, 2022 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

NetApp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NetApp stock's 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 stock 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.
Additionally, see Correlation Analysis. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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.
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.