As of Wednesday close, NVIDIA Corporation’s (NASDAQ:NVDA) stock was down -$12.81, moving down -2.94 percent to $422.39. The average number of shares traded per day over the past five days has been 42,347,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$32.46 fall in that time frame. In the last twenty days, the average volume was 55,360,574, while in the previous 50 days, it was 52,145,398.
Since last month, NVDA stock retreated -10.07%. Shares of the company fell to $420.00 on 09/18/23, the lowest level in the past month. A 52-week high of $502.66 was reached on 08/24/23 after having rallying from a 52-week low of $108.13. Since the beginning of this year, NVDA’s stock price has risen by 189.03% or $276.25, and marked a new high 43 times. However, the stock has declined by -15.97% 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 7 days ago on Sep 14. HUANG JEN HSUN, the President and CEO of the company, disposed of 29,684 shares for $455.75 on Sep 14. It resulted in a $13,528,345 divestment by the insider. HUANG JEN HSUN sold 29,688 shares at an average price of $454.01 on Sep 13. The insider now owns 7,918,875 shares following the transaction. On Sep 12, President and CEO HUANG JEN HSUN sold 29,688 shares at $451.96 apiece. The transaction was valued at $13,417,928.
Valuation Metrics
Right now, NVIDIA Corporation (NVDA) has a P/E ratio of about 102.03. The stock’s beta is 1.75. Besides these, the trailing price-to-sales (P/S) ratio of 33.15, the price-to-book (PB) ratio of 37.98, and the price-to-cash flow ratio of 104.94 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 July 30, NVIDIA Corporation’s quick ratio stood at 2.40, while its current ratio was 2.80, 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 July 30 was 0.31, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 64.60% percent. In the year ended July 30, EBITDA margin amounted to 26.40%, whereas operating margins totaled 33.00%. 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 43.30%.
In NVIDIA Corporation’s quarter-end financial report for July 30, it reported total debt of $8.46 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 rose 50.37% to $7.19 billion during the quarter, while net income inched up to $13.51 billion. While analysts expected NVIDIA Corporation to report $2.09 quarterly earnings, the actual figure was $2.7 per share, beating the consensus estimate by 29.20%. During the quarter, the company generated $7.17 billion in EBITDA. The liabilities of NVIDIA Corporation were 22.05 billion at the end of its most recent quarter ended July 30, and its total debt was $10.95 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 22.34%, the RSI 9-day stood at 25.96% on 20 September.
With respect to its five-day moving average, the current NVIDIA Corporation price is down by -7.14% percent or -$32.46. At present, NVDA shares trade -7.51% below its 20-day simple moving average and +55.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.39% below its SMA50 and +146.51% above its SMA200.
Stochastic coefficient K was 15.68% and Stochastic coefficient D was 15.71%, while ATR was 16.28. Given the Stochastic reading of 3.06% for the 14-day period, the RSI (14) reading has been calculated as 35.19%. As of today, the MACD Oscillator reading stands at -12.37, while the 14-day reading stands at -24.74.
Analyst Ratings
Stifel upgraded its rating on NVIDIA Corporation (NASDAQ: NVDA) to a Buy in a note to investors on August 24, 2023. The analysts firm previously had a Hold rating on the stock.NVIDIA Corporation (NVDA) has been rated Buy by analysts. According to 0 brokerage firms, NVDA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate NVIDIA Corporation stock as buy, with 43 recommending it as overweight.
With a median target price of $623.75, the current consensus forecast for the stock is $535.00 – $1100.00. Based on these forecasts, analysts predict NVIDIA Corporation (NVDA) will achieve an average price target of $654.73.
