As of Thursday close, NVIDIA Corporation’s (NASDAQ:NVDA) stock was down -$1.43, moving down -0.33 percent to $433.43. The average number of shares traded per day over the past five days has been 57,594,496 shares. 3 times new highs have been achieved over the past 5 days, with a $9.55 gain in that time frame. In the last twenty days, the average volume was 45,947,203, while in the previous 50 days, it was 46,851,250.
Since last month, NVDA stock retreated -7.93%. Shares of the company fell to $403.11 on 08/14/23, the lowest level in the past month. A 52-week high of $480.88 was reached on 07/14/23 after having rallying from a 52-week low of $108.13. Since the beginning of this year, NVDA’s stock price has risen by 196.59% or $287.29, and marked a new high 41 times. However, the stock has declined by -9.87% 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 53 days ago on Jun 26. Dabiri John, the Director of the company, disposed of 283 shares for $424.53 on Jun 26. It resulted in a $120,142 divestment by the insider. STEVENS MARK A sold 40,000 shares at an average price of $432.06 on Jun 20. The insider now owns 1,052,286 shares following the transaction. On Jun 16, Director STEVENS MARK A sold 78,602 shares at $430.50 apiece. The transaction was valued at $33,838,168.
Valuation Metrics
Right now, NVIDIA Corporation (NVDA) has a P/E ratio of about 225.28. The stock’s beta is 1.75. Besides these, the trailing price-to-sales (P/S) ratio of 42.92, the price-to-book (PB) ratio of 43.65, and the price-to-cash flow ratio of 217.75 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.
Financial Health
In the three months ended April 29, NVIDIA Corporation’s quick ratio stood at 2.80, while its current ratio was 3.40, 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 April 29 was 0.40, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 56.30% percent. In the year ended April 29, EBITDA margin amounted to 26.40%, whereas operating margins totaled 17.40%. Based on annual data, NVDA earned $15.36 billion in gross profit and brought in $26.97 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 13.30%. Return on equity (ROE) for the past 12 months was 20.90%.
In NVIDIA Corporation’s quarter-end financial report for April 29, it reported total debt of $9.7 billion against cash and short-term investments of $10.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NVDA’s revenue fell -15.24% to $5.99 billion during the quarter, while net income inched up to $7.19 billion. While analysts expected NVIDIA Corporation to report $0.83 quarterly earnings, the actual figure was $0.98 per share, beating the consensus estimate by 18.10%. During the quarter, the company generated $2.52 billion in EBITDA. The liabilities of NVIDIA Corporation were 19.94 billion at the end of its most recent quarter ended April 29, and its total debt was $12.08 billion. The value of shareholders’ equity is $2.47 billion.
Technical Picture
This quick technical analysis looks at NVIDIA Corporation’s (NVDA) price momentum. With a historical volatility rate of 50.10%, the RSI 9-day stood at 45.85% on 17 August.
With respect to its five-day moving average, the current NVIDIA Corporation price is up by +2.25% percent or $9.55. At present, NVDA shares trade -4.78% below its 20-day simple moving average and +61.86% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.13% above its SMA50 and +213.31% above its SMA200.
Stochastic coefficient K was 47.42% and Stochastic coefficient D was 43.52%, while ATR was 16.49. Given the Stochastic reading of 44.47% for the 14-day period, the RSI (14) reading has been calculated as 48.05%. As of today, the MACD Oscillator reading stands at 2.12, while the 14-day reading stands at -4.89.
Analyst Ratings
Stifel reiterated its a Hold rating on NVIDIA Corporation (NASDAQ: NVDA) in a note to investors. The analysts firm has however raised their price target to $440, representing a possible -17.14% increase in the stock price. NVIDIA Corporation (NVDA) has been rated Buy by analysts. According to 0 brokerage firms, NVDA is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 7 analysts rate NVIDIA Corporation stock as buy, with 36 recommending it as overweight.
With a median target price of $500.00, the current consensus forecast for the stock is $392.35 – $1000.00. Based on these forecasts, analysts predict NVIDIA Corporation (NVDA) will achieve an average price target of $529.60.
