NVIDIA Corporation (NASDAQ:NVDA) saw a downside of -1.66% to close Tuesday at $446.64 after subtracting -$7.53 on the day. The 5-day average trading volume is 37,877,578 shares of the company’s common stock. It has gained $458.40 in the past week and touched a new high 1 time within the past 5 days. An average of 45,040,801 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 48,021,098.
NVDA’s 1-month performance is 5.89% or $21.61 on its low of $416.49 reached on 07/10/23. The company’s shares have touched a 52-week low of $108.13 and high of $480.88, with the stock’s rally to the 52-week high happening on 07/14/23. YTD, NVDA has achieved 205.62% or $300.50 and has reached a new high 41 times. However, the current price is down -7.12% from the 52-week high price.
Insider Transactions
NVDA stock investors last saw insider trading activity on Jun 26.Dabiri John (Director) most recently sold 283 shares at $424.53 per share on Jun 26. This transaction cost the insider $120,142. Director, STEVENS MARK A, sold 40,000 shares at a price of $432.06 on Jun 20. Then, on Jun 16, Director STEVENS MARK A sold 78,602 shares at a price of $430.50 per share. This transaction amounted to $33,838,168.
Valuation Metrics
NVDA stock has a beta of 1.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 42.47 while the price-to-book (PB) in the most recent quarter is 44.98, with the price to cash flow ratio at 233.66.
NVIDIA Corporation’s quick ratio for the period ended April 29 was 2.80, with the current ratio over the same period at 3.40. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.40, while the total debt to equity was 0.45.. In terms of profitability, the gross margin trailing 12 months is 56.30%. The trailing 12-month EBITDA margin is 26.40% while for the period ending April 29, NVIDIA Corporation’s operating margin was 17.40%. The firm’s gross profit as reported stood at $15.36 billion against revenue of $26.97 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, NVIDIA Corporation’s cash and short-term investments amounted to $10.24 billion against total debt of $12.08 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 20.8% to $2.04 billion, while revenue of $6.8 billion was -232.75% off the previous quarter. Analysts expected NVDA to announce $0.83 per share in earnings in its latest quarter, but it posted $0.98, representing a 18.10% surprise. EBITDA for the quarter stood at more than $2.52 billion. NVDA stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 19.94 billion, with total debt at $12.08 billion. Shareholders hold equity totaling $2.47 billion.
Let’s look briefly at NVIDIA Corporation (NVDA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 46.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.02%.
The stock’s 5-day moving average is $447.09, reflecting a -3.96% or -$18.43 change from its current price. NVDA is currently trading +5.33% above its 20-day SMA, +84.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.60% and SMA200 by+270.62%.
Stochastic %K and %D was 35.45% and 30.92% and the average true range (ATR) pointed at 14.37. The RSI (14) points at 51.91%, while the 14-day stochastic is at 31.86% with the period’s ATR at 14.56. The stock’s 9-day MACD Oscillator is pointing at -5.72 and -4.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NVIDIA Corporation (NASDAQ: NVDA), Mizuho reiterated its a Buy rating for the company but lifted their price target by $400 to $530. Analysts offering their rating for NVDA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NVDA as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 7 rates the stock as overweight while 36 have offered a “buy” rating.
What is NVDA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $370.00 and a high of $1000.00, with their median price target at $497.50. Looking at these predictions, the average price target given by analysts is for NVIDIA Corporation (NVDA) stock is $513.72.
