The stock of NVIDIA Corporation (NASDAQ:NVDA) increased by $28.98 on Monday to finish at $437.53, up 7.09 percent. The last five days have seen an average of 53,127,340 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $291.39. The average number of shares traded over the last 20 days was 45,343,203, while the average volume over the last 50 days totaled 46,073,645.
NVDA stock dropped -3.77% since last month. On 08/14/23, the company’s shares reached a one-month low of $403.11. The stock touched a high of $480.88 on 07/14/23, after rallying from a low of $108.13 in 52 weeks. The price of NVDA stock has risen by 199.39% or $291.39 this year, reaching a new high 41 times. Still, the stock price is down -9.01% from the 52-week high.
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Insider Transactions
NVDA stock investors should be aware that NVIDIA Corporation (NVDA) stock had its last reported insider trading activity 50 days ago on Jun 26. On Jun 26, Director Dabiri John sold 283 shares at $424.53 each. This transaction resulted in the insider making $120,142. On Jun 20, STEVENS MARK A sold 40,000 shares at a price of US$432.06. After the transaction, the insider now owns 1,052,286 shares. Director STEVENS MARK A had earlier sold 78,602 shares on Jun 16 for $430.50 a share. The transaction was completed for $33,838,168.
Valuation Metrics
NVIDIA Corporation (NVDA) has a trailing price-to-earnings (P/E) ratio of 227.41. Beta for the stock is 1.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 43.33, the price-to-book (PB) ratio of 44.06, and the price-to-cash flow ratio of 219.81.
Company paid $0.04 per share in dividends, remained unchanged from $0.04 last year. A $0.0025 dividend increase was reported on Friday February 15 2019.
Financial Health
For the three months ended April 29, NVIDIA Corporation’s quick ratio was 2.80, while its current ratio was 3.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.40, and the total debt to equity ratio is 0.45. As far as profitability goes, gross margin for the trailing twelve months is 56.30% percent. NVIDIA Corporation’s EBITDA margin for the year ended April 29 was 26.40%, whereas its operating margin stood at 17.40% for the same period. Based on annual data, it had gross profit of $15.36 billion and revenue of $26.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NVDA’s return on assets (ROA) during the last 12 months has been 11.30%. There was a 13.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.90%.
Earnings Surprise
According to NVIDIA Corporation’s quarterly financial report for the quarter that ended April 29, it had $9.7 billion in total debt versus $10.24 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.19 billion, while revenues fell by -15.24% to $5.99 billion. It was predicted that NVIDIA Corporation’s quarterly earnings would be $0.98, but it ended up being $0.83, beating the consensus by 18.10%. EBITDA was $2.52 billion for the quarter. At the end of NVIDIA Corporation’s most recent quarter ended April 29, its liabilities totaled 19.94 billion, while its total debt was $12.08 billion. Equity owned by shareholders amounts to $2.47 billion.
Technical Picture
Here’s a quick look at NVIDIA Corporation’s (NVDA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 48.33%, suggesting the stock is Neutral, with a 55.27% historical volatility rate.
The stochastic %K and %D were 20.58% and 14.74% respectively, while the average true range (ATR) was 18.07. Based on the 14-day stochastic reading of 48.59%, the RSI (14) reading is 49.76%. On the 9-day MACD Oscillator, the stock is at -13.45, and the 14-day reading is at -22.70.
Analyst Ratings
In a note to investors, Stifel maintained its a Hold rating on NVIDIA Corporation (NASDAQ: NVDA). However, the firm raised their price target to $440, indicating a possible decrease of -18.25% in the stock price. Analysts have assigned NVIDIA Corporation (NVDA) an Buy rating. NVDA is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 7 rates it overweight and 36 others recommend it as a buy.
What is NVDA’s price target for the next 12 months?
The current consensus forecast for the stock is between $392.35 and $1000.00, with a median target price of $497.50. In analyzing these forecasts, the average price target given by analysts for NVIDIA Corporation (NVDA) is $515.55.
