As of Wednesday close, NVIDIA Corporation’s (NASDAQ:NVDA) stock was up $4.81, moving up 3.00 percent to $165.19. The average number of shares traded per day over the past five days has been 50,156,180 shares. 2 times new highs have been achieved over the past 5 days, with a $6.09 gain in that time frame. In the last twenty days, the average volume was 54,278,633, while in the previous 50 days, it was 58,156,242.
Since last month, NVDA stock rose 24.57%. Shares of the company fell to $120.64 on 10/24/22, the lowest level in the past month. A 52-week high of $334.12 was reached on 01/03/22 after having rallying from a 52-week low of $108.13. Since the beginning of this year, NVDA’s stock price has dropped by -43.83% or -$128.92, and marked a new high 1 time. However, the stock has declined by -50.56% since its 52-week high.
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NVDA stock investors should be aware that NVIDIA Corporation (NVDA) stock had its last reported insider trading activity 4 days ago on Nov 21. Dabiri John, the Director of the company, disposed of 495 shares for $151.11 on Nov 21. It resulted in a $74,799 divestment by the insider. STEVENS MARK A sold 87,500 shares at an average price of $119.65 on Oct 13. The insider now owns 2,310,193 shares following the transaction. On Oct 11, Director STEVENS MARK A sold 85,000 shares at $116.49 apiece. The transaction was valued at $9,902,020.
Right now, NVIDIA Corporation (NVDA) has a P/E ratio of about 70.26. The stock’s beta is 1.72. Besides these, the trailing price-to-sales (P/S) ratio of 14.65, the price-to-book (PB) ratio of 17.28, and the price-to-cash flow ratio of 55.60 may also be considered.
The latest dividend of $0.04 per share was paid out, remained unchanged from last year’s $0.04. On Friday February 15 2019, a $0.0025 dividend increase was announced.
In the three months ended October 30, NVIDIA Corporation’s quick ratio stood at 3.10, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 0.41, and the total debt-to-equity ratio was 0.46. On the profitability front, the trailing twelve-month gross margin is 58.30% percent. In the year ended October 30, operating margins totaled 34.80%. Based on annual data, NVDA earned $17.48 billion in gross profit and brought in $26.91 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 26.20%. Return on equity (ROE) for the past 12 months was 37.60%.
In NVIDIA Corporation’s quarter-end financial report for October 30, it reported total debt of $9.7 billion against cash and short-term investments of $10.34 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NVDA’s revenue fell -19.76% to $6.7 billion during the quarter, while net income inched up to $5.93 billion. While analysts expected NVIDIA Corporation to report $0.69 quarterly earnings, the actual figure was $0.58 per share, beating the consensus estimate by -15.90%. During the quarter, the company generated $1.01 billion in EBITDA. The liabilities of NVIDIA Corporation were 19.14 billion at the end of its most recent quarter ended October 30, and its total debt was $11.9 billion.
This quick technical analysis looks at NVIDIA Corporation’s (NVDA) price momentum. With a historical volatility rate of 44.84%, the RSI 9-day stood at 68.12% on 23 November.
With respect to its five-day moving average, the current NVIDIA Corporation price is up by +3.83% percent or $6.09. At present, NVDA shares trade +28.09% above its 20-day simple moving average and +10.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.83% above its SMA50 and -34.21% below its SMA200.
Stochastic coefficient K was 73.38% and Stochastic coefficient D was 66.88%, while ATR was 7.56. Given the Stochastic reading of 85.49% for the 14-day period, the RSI (14) reading has been calculated as 65.73%. As of today, the MACD Oscillator reading stands at -0.60, while the 14-day reading stands at 4.76.
Summit Insights upgraded its rating on NVIDIA Corporation (NASDAQ: NVDA) to a Buy in a note to investors on November 17, 2022. The analysts firm previously had a Hold rating on the stock.NVIDIA Corporation (NVDA) has been rated Overweight by analysts. According to 1 brokerage firm, NVDA is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate NVIDIA Corporation stock as buy, with 28 recommending it as overweight.
With a median target price of $200.00, the current consensus forecast for the stock is $110.00 – $325.00. Based on these forecasts, analysts predict NVIDIA Corporation (NVDA) will achieve an average price target of $195.03.