Netgear Inc (NASDAQ: NTGR) is -2.51% lower on its value in year-to-date trading and has touched a low of $10.48 and a high of $31.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTGR stock was last observed hovering at around $26.64 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $27.17, the stock is -0.37% and 5.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 1.99% at the moment leaves the stock 46.55% off its SMA200. NTGR registered 96.60% gain for a year compared to 6-month gain of 77.93%. The firm has a 50-day simple moving average (SMA 50) of $25.6378 and a 200-day simple moving average (SMA200) of $18.5397.
The stock witnessed a 5.31% loss in the last 1 month and extending the period to 3 months gives it a 25.50%, and is 3.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.67% over the week and 4.67% over the month.
Netgear Inc (NTGR) has around 635 employees, a market worth around $781.67M and $680.86M in sales. Current P/E ratio is 42.30. Profit margin for the company is 2.88%. Distance from 52-week low is 159.26% and -13.88% from its 52-week high. The company has generated returns on investments over the last 12 months (3.42%).
with sales reaching $167.47M over the same period.The EPS is expected to shrink by -3566.67% this year, but quarterly earnings will post -11.07% year-over-year. Quarterly sales are estimated to shrink -11.24% in year-over-year returns.
Netgear Inc (NTGR) Top Institutional Holders
231.0 institutions hold shares in Netgear Inc (NTGR), with institutional investors hold 91.64% of the company’s shares. The shares outstanding are 28.77M, and float is at 26.58M with Short Float at 3.30%. Institutions hold 85.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.55 million shares valued at $69.68 million. The investor’s holdings represent 15.4932% of the NTGR Shares outstanding. As of 2024-06-30, the second largest holder is BRANDES INVESTMENT PARTNERS, LP with 3.9 million shares valued at $59.25 million to account for 13.2556 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.53 million shares representing 8.5932% and valued at over $38.65 million, while DIMENSIONAL FUND ADVISORS LP holds 4.321 of the shares totaling 1.27 million with a market value of $19.43 million.
Netgear Inc (NTGR) Insider Activity
The most recent transaction is an insider sale by WAECHTER THOMAS H, the company’s Director. SEC filings show that WAECHTER THOMAS H sold 2,000 shares of the company’s common stock on Dec 18 ’24 at a price of $30.42 per share for a total of $60840.0. Following the sale, the insider now owns 61135.0 shares.
Still, SEC filings show that on Nov 11 ’24, WAECHTER THOMAS H (Director) disposed off 2,183 shares at an average price of $25.00 for $54575.0. The insider now directly holds 63,135 shares of Netgear Inc (NTGR).
