NVIDIA Corp (NASDAQ:NVDA) saw an upside of 1.47% to close Monday at $422.22 after adding $6.12 on the day. The 5-day average trading volume is 41,784,641 shares of the company’s common stock. It has gained $439.66 in the past week and touched a new high 1 time within the past 5 days. An average of 47,803,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 51,380,410.
NVDA’s 1-month performance is -10.48% or -$37.96 on its low of $409.80 reached on 09/21/23. The company’s shares have touched a 52-week low of $108.13 and high of $502.66, with the stock’s rally to the 52-week high happening on 08/24/23. YTD, NVDA has achieved 188.91% or $276.08 and has reached a new high 43 times. However, the current price is down -16.00% from the 52-week high price.
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Insider Transactions
NVDA stock investors last saw insider trading activity on Sep 14.HUANG JEN HSUN (President and CEO) most recently sold 29,684 shares at $455.75 per share on Sep 14. This transaction cost the insider $13,528,345. President and CEO, HUANG JEN HSUN, sold 29,688 shares at a price of $454.01 on Sep 13. Then, on Sep 12, President and CEO HUANG JEN HSUN sold 29,688 shares at a price of $451.96 per share. This transaction amounted to $13,417,928.
Valuation Metrics
NVDA stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 31.91 while the price-to-book (PB) in the most recent quarter is 37.91, with the price to cash flow ratio at 101.03.
NVIDIA Corp’s quick ratio for the period ended July 30 was 2.37, with the current ratio over the same period at 2.79. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.35, while the total debt to equity was 0.40. In terms of profitability, the gross margin trailing 12 months is 64.62%. The trailing 12-month EBITDA margin is 26.40% while for the period ending July 30, NVIDIA Corp’s operating margin was 33.04%. 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 July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 89.4% to $6.19 billion, while revenue of $2.04 billion was 66.98% off the previous quarter. Analysts expected NVDA to announce $2.09 per share in earnings in its latest quarter, but it posted $2.7, representing a 29.20% surprise. EBITDA for the quarter stood at more than $7.17 billion. NVDA stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 22.05 billion, with total debt at $10.95 billion. Shareholders hold equity totaling $2.47 billion.
Let’s look briefly at NVIDIA Corp (NVDA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 34.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.68%.
The stock’s 5-day moving average is $421.22, reflecting a -3.97% or -$17.44 change from its current price. NVDA is currently trading -8.25% above its 20-day SMA, +49.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.14% and SMA200 by+164.10%.
Stochastic %K and %D was 8.28% and 6.55% and the average true range (ATR) pointed at 15.13. The RSI (14) points at 38.69%, while the 14-day stochastic is at 16.41% with the period’s ATR at 15.95. The stock’s 9-day MACD Oscillator is pointing at -16.66 and -25.60 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NVIDIA Corp (NASDAQ: NVDA), Stifel upgraded it to a Buy rating. They previously had a Hold rating on the stock. 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 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 44 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 $535.00 and a high of $1100.00, with their median price target at $625.00. Looking at these predictions, the average price target given by analysts is for NVIDIA Corp (NVDA) stock is $654.62.
