Netgear Inc (NASDAQ:NTGR) shares, rose in value on Friday, March 07, with the stock price down by -2.10% to the previous day’s close as strong demand from buyers drove the stock to $23.30.
Actively observing the price movement in the last trading, the stock closed the session at $23.80. The PE ratio was 59.97 over 12-month period. Referring to stock’s 52-week performance, its high was $31.55, and the low was $10.48. On the whole, NTGR has fluctuated by -17.23% over the past month.
With the market capitalization of Netgear Inc currently standing at about $672.65 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 680.76M, with a low estimate of 152.24M and a high estimate of 152.24M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 152.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NTGR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NTGR currently trading nearly -13.15% and -14.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.34, while the 7-day volatility ratio is showing 4.77% which for the 30-day chart, stands at 5.09%. Furthermore, Netgear Inc (NTGR)’s beta value is 1.05, and its average true range (ATR) is 1.21.
A comparison of Netgear Inc (NTGR) with its peers suggests the former has fared considerably weaker in the market. NTGR showed an intraday change of -2.10% in last session, and over the past year, it grew by 60.25%%.
Data on historical trading for Netgear Inc (NASDAQ:NTGR) indicates that the trading volumes over the past 3 months, they’ve averaged 383.46K. According to company’s latest data on outstanding shares, there are 28.50 million shares outstanding.
Nearly 9.36% of Netgear Inc’s shares belong to company insiders and institutional investors own 92.11% of the company’s shares. The stock has fallen by -16.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NTGR stock heading into the next quarter.
