Netgear Inc [NTGR] is 42.94% higher this YTD. Is it still time to buy?

Netgear Inc [NASDAQ: NTGR] traded at a high on Thursday, posting a 30.82 gain after which it closed the day’ session at $20.84.

The results of the trading session contributed to over 3149297 shares changing hands. Over the past one week, the price volatility of Netgear Inc stands at 5.04% while the volatility over the past one month is 4.10%.

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The market cap for NTGR stock reached $597.69 million, with 29.62 million shares outstanding and 26.65 million shares in the current float. Compared to the average trading volume of 202.82K shares, NTGR reached a trading volume of 3149297 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Netgear Inc [NTGR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTGR shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTGR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BWS Financial have made an estimate for Netgear Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 02, 2024. The new note on the price target was released on July 28, 2022, representing the official price target for Netgear Inc stock. Previously, the target price had yet another raise to $30, while BWS Financial analysts kept a Neutral rating on NTGR stock.

The Average True Range (ATR) for Netgear Inc is set at 1.00, with the Price to Sales ratio for NTGR stock in the period of the last 12 months amounting to 0.86. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 10.26. Price to Free Cash Flow for NTGR in the course of the last twelve months was 5.49 with Quick ratio for the last quarter at 1.85.

How has NTGR stock performed recently?

Netgear Inc [NTGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.68. With this latest performance, NTGR shares gained by 34.71% in over the last four-week period, additionally plugging by 41.00% over the last 6 months – not to mention a rise of 76.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTGR stock in for the last two-week period is set at 79.34, with the RSI for the last a single of trading hit 85.06, and the three-weeks RSI is set at 74.93 for Netgear Inc [NTGR]. The present Moving Average for the last 50 days of trading for this stock 15.63, while it was recorded at 16.88 for the last single week of trading, and 14.62 for the last 200 days.

Netgear Inc [NTGR]: Deeper insight into the fundamentals

Netgear Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.85 and a Current Ratio set at 2.60.

Insider trade positions for Netgear Inc [NTGR]

There are presently around $85.76%, or 92.03%% of NTGR stock, in the hands of institutional investors. The top three institutional holders of NTGR stocks are: BLACKROCK INC. with ownership of 4.55 million shares, which is approximately 15.4932%. BRANDES INVESTMENT PARTNERS, LP, holding 3.9 million shares of the stock with an approximate value of $$59.25 million in NTGR stocks shares; and BRANDES INVESTMENT PARTNERS, LP, currently with $$38.65 million in NTGR stock with ownership which is approximately 8.5932%.