Netgear Inc (NASDAQ:NTGR) price on Friday, April 11, rose 2.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $22.64.
A look at the stock’s price movement, the close in the last trading session was $22.12, moving within a range at $21.51 and $22.96. The beta value (5-Year monthly) was 1.031 while the PE ratio in trailing twelve months stood at 58.28. Turning to its 52-week performance, $31.55 and $10.48 were the 52-week high and 52-week low respectively. Overall, NTGR moved -4.23% over the past month.
Netgear Inc’s market cap currently stands at around $653.59 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Analysts have a consensus estimate of 152.24M for the company’s revenue for the quarter, with a low and high estimate of 152.24M and 152.24M respectively. The average forecast suggests down to a -7.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 681M, representing a 1.07% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NTGR is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend NTGR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NTGR’s current price about -3.26% and -10.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.89, while 7-day volatility ratio is 11.22% and 5.94% in the 30-day chart. Further, Netgear Inc (NTGR) has a beta value of 1.11, and an average true range (ATR) of 1.56. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $22 and high of $22. Looking at the price targets, the low is 2.83% off current price level while to achieve the yearly target high, price needs to move 2.83%. Nonetheless, investors will most likely welcome a 2.83% jump to $22 which is the analysts’ median price.
If we refocus on Netgear Inc (NASDAQ:NTGR), historical trading data shows that trading volumes averaged 0.5 over the past 10 days and 395.72K over the past 3 months. The company’s latest data on shares outstanding shows there are 28.50 million shares.
The 9.33% of Netgear Inc’s shares are in the hands of company insiders while institutional holders own 91.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.2 million on 2025-03-14, giving us a short ratio of 3.18. The data shows that as of 2025-03-14 short interest in Netgear Inc (NTGR) stood at 589.0 of shares outstanding, with shares short rising to 1.19 million registered in 2025-02-14. Current price change has pushed the stock -18.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NTGR stock continues to rise going into the next quarter.
