Technical Roundup On Two Stocks – NetApp, Inc. (NTAP), Tellurian Inc. (TELL)

NetApp, Inc. (NASDAQ:NTAP) recently saw its volume around 3.56 million shares and on average it trades 2.74 million shares a day. The opening price of $60.74, led it to gain 1.91% to reach $61.81 upon the closing bell.

NetApp, Inc. (NTAP) Analyst Opinion

NetApp, Inc. has a consensus outperform rating from 28 Wall Street analysts, and the number of shares currently sold short amount to at least 4.87% of shares outstanding. The stock spiked 5.51% last month and is up 11.73 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover NTAP having a buy-equivalent rating. Analysts have placed a $55.9 price target on NetApp, Inc., suggesting a -9.56% decline from recent close. It’s currently trading about 1.9% above its 52-week high.

NetApp, Inc. Earnings Surprise

NetApp, Inc. (NTAP) surprised the stock market in its last reported earnings when it earned $0.81 a piece versus the consensus-estimated $0.69. Its revenue totaled $1.38 billion up 4.47% from the previous quarter.

NetApp, Inc. (NASDAQ:NTAP) Intraday View

This stock (NTAP) is ahead of its 52-week low with 76.2%. Its last month’s stock price volatility remained 2.46% which for the week stands at 1.77%. The share price has moved forward from its 20 days moving average, trading at a distance of 7.7% and stays 14.97% away from its 50 days moving average. Over the last five days, shares have managed 6.92% gains and now is up 39.69% since hitting its 200-day moving average of $46.18. NetApp, Inc. (NTAP) has made its way to a 12-month gain of 73.38%.

Turning to Tellurian Inc. (NASDAQ:TELL), its shares were trading at $11.37 a gain of $0.01, on the trading floor. The stock, after opening at $11.39, touched a high of $12 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.7. Tellurian Inc. has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -47.7% from its high of $21.74 to a $2.3 billion market value through last close.

Tellurian Inc. (TELL) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2 to 1.67 during a month. Analysts set a 12-month price target of $14.5 a share. The target implies a 27.53% spike from where the shares are currently trading. Also, the current price highlights a discount of 40.72% to analysts’ high consensus price target.

Tellurian Inc. (NASDAQ:TELL) Intraday Trading

The counter witnessed a trading volume of 1.97 million shares versus an average volume of 0.92 million shares during last trading session. Its last month’s stock price volatility remained 6.53% which for the week approaches 5.44%. The lowest price the stock reached in the last trading day was $11.24 and compares with the $8.19 52-week low. The stock recovered 38.83% since its low point and has performed 16.74% year-to-date.

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