National Instruments Corporation (NATI) has been under a strong bear grip, hence the stock is down -1.74% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.21% in the past 1 week. The stock has risen by 0.74% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.72% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.59% and the 50-Day Moving Average is 3.14%.The 200 Day SMA reached 3.17% National Instruments Corporation has dropped 1.31% during the last 3-month period . Year-to-Date the stock performance stands at -3.3%.
National Instruments Corporation (NATI) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $32 and the lowest price target forecast is $30. The average forecast of all the analysts is $31 and the expected standard deviation is $1.41.
For the current week, the company shares have a recommendation consensus of Buy. National Instruments Corporation (NASDAQ:NATI): stock was range-bound between the intraday low of $27.02 and the intraday high of $27.36 after having opened at $27.36 on Fridays session. The stock finally closed in the red at $27.36, a loss of -0.91%. The stock remained in the red for the whole trading day. The total traded volume was 992,936 shares. The stock failed to cross $27.36 in Fridays trading. The stocks closing price on Thursday was $27.14.
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides a software and hardware platform for the development of systems needing measurement and control. The Company offers a line of measurement, automation and control products to work either separately, as stand-alone products or as an integrated system or as an integrated system. The Company offers volume licensing. The Company offers products, technology and services, which include system design software, programming tools, application software, hardware products and related driver software, NI education platform, software products for teaching and hardware products for teaching. The Company also offers NI Services, including hardware services and maintenance, software maintenance services and training and certification.