NVIDIA Corporation (NASDAQ:NVDA) does about 47.00M shares in volume on a normal day but saw 65344144 shares change hands in Monday trading. The company now has a market cap of 443.72B USD. Its current market price is $191.93, marking an increase of 7.59% compared to the previous close of $178.39. The 52 week high reached by this stock is $289.46 whilst the lowest price level in 52 weeks is $108.13. The script in recent trading has seen the stock touch a high of $192.45 and a low of $178.175.
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NVIDIA Corporation (NVDA) has a 20-day trading average at $157.97 and the current price is -33.69% off the 52-week high compared with 77.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $161.36 and its 200-day simple moving average is $162.69. If we look at the stock’s price movements over the week, volatility stands at 5.05%, which decreases to 4.81% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.47 to suggest the stock is neutral.
43 analysts observing the NVIDIA Corporation (NVDA) stock have set the 12-month price targets for the company’s shares at between $110.00 and $325.00. The consensus objective for the share price is $195.72, suggesting that the stock has a potential upside of 1.94% over the period. The median price target is 4.03% away from the current levels at $200.00.
FactSet Research has provided data showing that 43 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 4 advise that it is a overweight. 24 analysts have rated it as a buy and 13 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 23, 2023 when Truist reiterated the stock to “Buy” and issued a price target of between $198 and $238. HSBC Securities initiated its price target at $136.
The current price level is 22.55%, 19.62%, and 17.73% away from its SMA20, SMA50, and SMA200 respectively, with the NVDA price moving above the 50-day SMA on January 23. NVIDIA Corporation (NVDA) stock is up 13.57% over the week and 19.32% over the past month. Its price is 31.33% year-to-date and -20.53% over the past year.
The stock last released its quarterly earnings report for quarter ended 7/30/2022, with the company’s earnings per share (EPS) of $0.51 below consensus estimates by -$0.74. The company’s next earnings report is expected on 02/22/2023, with forecasts estimating quarterly EPS at $0.7 and $3.35 for whole year. NVDA’s earnings per share are forecast to shrink by -24.50% this year and 29.90% over next year. Expected sales for next quarter are $6.14 billion, which analysts say will come at $27.02 billion for the current fiscal year and next year at $30.55 billion. In addition, estimates put the company’s current quarterly revenue at an average of $5.8 billion.
Its 12-month price target is $200.00. To reach the target analysts have set, the stock logically needs to grow 1.94 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $110.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $325.00.
Outstanding shares total 2.48B with insiders holding 4.10% of the shares and institutional holders owning 65.16% of the company’s common stock. The company has a return on investment of 26.20% and return on equity of 24.30%. The price to earnings ratio (P/E ratio) amounts to 81.64 while the forward price to earnings ratio is 44.36. The beta has a value of 1.73. Price to book ratio is 22.32 and price to sales ratio is 15.53.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in NVIDIA Corporation (NVDA) to 71,076,358 shares, mirroring a recent drop by -0.73%. Vanguard Total Stock Market Index dumped -0.53 million shares of NVIDIA Corporation common stock bringing its total worth to about $10.39 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 0.18 million shares to end up with 57,557,082 shares worth $8.41 billion. Invesco QQQ Trust cut their holdings by -0.06% in the company over the course of the most recent quarter. It now holds a 1.33% position in NVIDIA Corporation thanks to 32.74 million shares amounting to $4.79 billion.
