Netgear Inc (NASDAQ:NTGR) shares traded 3.48% higher at $13.38 on Wall Street last session.
NTGR stock price is now -5.11% away from the 50-day moving average and -1.09% away from the 200-day moving average. The market capitalization of the company currently stands at $388.96M.
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On July 28, 2022, BWS Financial Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $30, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Cormack Heidi, Chief Marketing Officer sold 4,687 shares of the company’s stock on May 13 ’24. The stock was sold for $57,181 at an average price of $12.20. Upon completion of the transaction, the Chief Marketing Officer now directly owns 88,298 shares in the company, valued at $1.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chief Revenue Officer WERDANN MICHAEL A sold 9,244 shares of the business’s stock. A total of $112,315 was realized by selling the stock at an average price of $12.15. This leaves the insider owning 79,668 shares of the company worth $1.07 million. A total of 6.70% of the company’s stock is owned by insiders.
During the past 12 months, Netgear Inc has had a low of $10.40 and a high of $15.93. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 2.88, and a quick ratio of 2.02. The fifty day moving average price for NTGR is $14.0774 and a two-hundred day moving average price translates $13.5312 for the stock.
The latest earnings results from Netgear Inc (NASDAQ: NTGR) was released for 2024-03-31. According to the Communication Equipment Company, earnings per share came in at -0.16, beating analysts’ expectations of -0.34 by 0.18. This compares to -$0.33 EPS in the same period last year. The net profit margin was -15.73% and return on equity was -20.13% for NTGR. The company reported revenue of $164.59 million for the quarter, compared to $180.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.02 percent. For the current quarter, analysts expect NTGR to generate $132.54M in revenue.
