NVIDIA Corp (NASDAQ:NVDA) does about 53.05M shares in volume on a normal day but saw 87519800 shares change hands in Friday trading. The company now has a market cap of 1905.00B USD. Its current market price is $762.00, marking a decrease of -10.00% compared to the previous close of $846.71. The 52 week high reached by this stock is $974.00 whilst the lowest price level in 52 weeks is $262.25.
NVIDIA Corp (NVDA) has a 20-day trading average at $880.90 and the current price is -21.77% off the 52-week high compared with 190.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $840.47 and its 200-day simple moving average is $568.90. If we look at the stock’s price movements over the week, volatility stands at 5.94%, which decreases to 4.19% 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 34.02 to suggest the stock is neutral.
The consensus objective for the share price is $989.01, suggesting that the stock has a potential upside of 22.95% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 16, 2024 when Evercore ISI initiated the stock to “Outperform” and issued a price target of $1160. Morgan Stanley reiterated its price target at $795-$1000.
NVIDIA Corp (NVDA) stock is down -13.59% over the week and -15.68% over the past month. Its price is 53.87% year-to-date and 172.82% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/31/2024, with the company’s earnings per share (EPS) of $5.16 above consensus estimates by $0.53. NVDA’s earnings per share are forecast to grow by 89.30% this year and 25.00% over next year. Expected sales for next quarter are $26.44 billion, which analysts say will come at $110.61 billion for the current fiscal year and next year at $137.62 billion. In addition, estimates put the company’s current quarterly revenue at an average of $24.44 billion.
To reach the target analysts have set, the stock logically needs to grow 22.95 percent from here.
The company has a return on investment of 56.62% and return on equity of 91.46%. The price to earnings ratio (P/E ratio) amounts to 63.84 while the forward price to earnings ratio is 25.03. The beta has a value of 1.78. Price to book ratio is 43.69 and price to sales ratio is 31.27.
