The stock of NVIDIA Corporation (NASDAQ:NVDA) increased by $8.17 on Monday to finish at $468.35, up 1.78 percent. The last five days have seen an average of 86,056,555 shares of common stock traded. 43 times new highs were reached in the current year, with a gain of $322.21. The average number of shares traded over the last 20 days was 58,356,004, while the average volume over the last 50 days totaled 50,670,680.
NVDA stock appreciated 0.18% 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 $502.66 on 08/24/23, after rallying from a low of $108.13 in 52 weeks. The price of NVDA stock has risen by 220.48% or $322.21 this year, reaching a new high 43 times. Still, the stock price is down -6.83% 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 64 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 113.13. Beta for the stock is 1.74. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 36.28, the price-to-book (PB) ratio of 47.17, and the price-to-cash flow ratio of 311.35.
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 July 30, 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 July 30 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 65.00% percent. NVIDIA Corporation’s EBITDA margin for the year ended July 30 was 26.40%, whereas its operating margin stood at 12.90% 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 10.30%. 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 19.00%.
Earnings Surprise
According to NVIDIA Corporation’s quarterly financial report for the quarter that ended July 30. 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 $2.5, but it ended up being $1.93, beating the consensus by 29.50%. At the end of NVIDIA Corporation’s most recent quarter ended July 30, its liabilities totaled 22.05 billion, while its total debt was $10.75 billion.
Technical Picture
Here’s a quick look at NVIDIA Corporation’s (NVDA) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 59.80%, suggesting the stock is Neutral, with a 49.74% historical volatility rate.
The stochastic %K and %D were 63.90% and 69.72% respectively, while the average true range (ATR) was 21.98. Based on the 14-day stochastic reading of 65.53%, the RSI (14) reading is 58.17%. On the 9-day MACD Oscillator, the stock is at 11.28, and the 14-day reading is at 21.44.
Analyst Ratings
In its most recent analyst report, Stifel raised its rating on NVIDIA Corporation (NASDAQ: NVDA) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned NVIDIA Corporation (NVDA) an Buy rating. NVDA is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 40 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 $1100.00, with a median target price of $622.50. In analyzing these forecasts, the average price target given by analysts for NVIDIA Corporation (NVDA) is $645.37.
