Why NetGear Inc’s (NTGR) Stock Is Up 5.28%

By Jenna Brashear
September 13, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate NetGear Inc before investing.

In this article, we go over a few key elements for understanding NetGear Inc’s stock price such as:

  • NetGear Inc’s current stock price and volume
  • Why NetGear Inc’s stock price changed recently
  • Upgrades and downgrades for NTGR from analysts
  • NTGR’s stock price momentum as measured by its relative strength

About NetGear Inc (NTGR)

Before we jump into NetGear Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

NETGEAR, Inc. is engaged in providing networking technologies and Internet-connected products for consumers, businesses and service providers. The Company operates through two segments: Connected Home, and NETGEAR for Business. The Connected Home segment focuses on consumers and provides high-performance, dependable and easy-to-use premium WiFi networking solutions such as WiFi 6, WiFi 6E and WiFi 7 Tri-band and Quad-band mesh systems and routers, 4G/5G mobile products, smart devices such as Meural digital displays, and subscription services that provide consumers a range of value-added services. The NETGEAR for Business segment focuses on businesses and provides solutions for business networking, wireless local area network (LAN), audio and video over Ethernet for Pro AV applications, security and remote management. The Company conducts business across three geographic territories: the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC).

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NetGear Inc’s Stock Price as of Market Close

As of September 13, 2024, 4:00 PM, CST, NetGear Inc’s stock price was $21.94.

NetGear Inc is up 5.28% from its previous closing price of $20.84.

During the last market session, NetGear Inc’s stock traded between $19.64 and $21.94. Currently, there are 28.88 million shares of NetGear Inc stock available for purchase.

Unfortunately, NetGear Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

NetGear Inc Stock Price History

NetGear Inc’s (NTGR) price is currently up 35.18% so far this month.

During the month of September, NetGear Inc’s stock price has reached a high of $22.62 and a low of $15.40.

Over the last year, NetGear Inc has hit prices as high as $21.94 and as low as $10.40. Year to date, NetGear Inc’s stock is up 21.15%.

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What Caused NetGear Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 12, 2024, there was 1 analyst who downgraded NetGear Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate NetGear Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on NetGear Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

NetGear Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about NetGear Inc (NTGR) by visiting AAII Stock Evaluator.

Relative Price Strength of NetGear Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 12, 2024, NetGear Inc has a weighted four-quarter relative price strength of 14.16%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

Want to learn more about how NetGear Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

NetGear Inc Stock Price: Bottom Line

As of September 13, 2024, NetGear Inc’s stock price is $21.94, which is up 5.28% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like NetGear Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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