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Friday, September 29, 2023

Is NETGEAR Inc. (NASDAQ: NTGR) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for NETGEAR Inc. (NTGR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.56%, to $12.43. The NETGEAR Inc. has recorded 2,498 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that NETGEAR Brings Powerful Yet Compact WiFi 6E Mesh System to Its Nighthawk Line.

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Stocks Info

NETGEAR Inc. is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $12.50 and fluctuated between $13.04 as its day high and $12.02 as its day low. The current market capitalization of NETGEAR Inc. is $367.75M. A total of 1.05 million shares were traded on the day, compared to an average of 448.81K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NTGR has seen 10 BUY and 14 SELL insider trades, representing the acquisition of 140,000 and the disposition of 50,222 shares. Over the last 12 months, there were 27 BUYs and 33 SELLs from insiders. Insiders purchased 448,448 shares during that period but sold 111,261.

In the most recent transaction, WERDANN MICHAEL A sold 5,454 shares of NTGR for 14.28 per share on Aug 02. After the transaction, the SVP, World Wide Sales now owns 56,230 company shares. In a previous transaction on Aug 02, Cormack Heidi sold 4,687 shares at 14.27 per share. NTGR shares that SVP, Marketing owns now total 65,328.

Among the insiders who sold shares, Mehta Vikram disposed of 2,760 shares on Aug 02 at a per-share price of $14.20. This resulted in the SVP, CBU holding 54,845 shares of NTGR after the transaction. In another insider transaction, Cormack Heidi sold 2,344 shares at $14.77 per share on Jun 20. Company shares held by the SVP, Marketing now total 63,765.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NTGR in the last 3 months, the mean price target is $26.00 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, NTGR has a high of $22.57 and a low of $11.20.

As of this writing, NTGR has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.19 in the last quarter, which was -90.00% lower than expectations of -$0.1.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NTGR’s latest balance sheet shows that the firm has $271.52M in Cash & Short Term Investments as of fiscal 2021. There were $18.57M in debt and $341.05M in liabilities at the time. Its Book Value Per Share was $20.90, while its Total Shareholder’s Equity was $696.82M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTGR is Buy with a score of 4.00.

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