Netgear Inc (NASDAQ: NTGR) is 2.37% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTGR stock was last observed hovering at around $28.15 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $28.53, the stock is 4.67% and 7.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 1.35% at the moment leaves the stock 47.22% off its SMA200. NTGR registered 100.49% gain for a year compared to 6-month gain of 95.14%. The firm has a 50-day simple moving average (SMA 50) of $26.4892 and a 200-day simple moving average (SMA200) of $19.3078.
The stock witnessed a 3.93% loss in the last 1 month and extending the period to 3 months gives it a 23.13%, and is 2.77% 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 5.71% over the week and 3.80% over the month.
Netgear Inc (NTGR) has around 635 employees, a market worth around $820.80M and $674.43M in sales. Current P/E ratio is 73.44. Profit margin for the company is 1.83%. Distance from 52-week low is 172.23% and -9.57% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
with sales reaching $152.24M over the same period.The EPS is expected to grow by 14.29% this year, but quarterly earnings will post 1.04% year-over-year. Quarterly sales are estimated to shrink -7.50% in year-over-year returns.
241.0 institutions hold shares in Netgear Inc (NTGR), with institutional investors hold 92.40% of the company’s shares. The shares outstanding are 28.77M, and float is at 26.18M with Short Float at 3.04%. Institutions hold 86.15% 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).
