NVIDIA Corp (NASDAQ:NVDA) does about 375.25M shares in volume on a normal day but saw 315703137 shares change hands in the recent trading day. The company now has a market cap of 3198.00B USD. Its current market price is $130.00, marking an increase of 4.35% compared to the previous close of $124.58. The 52 week high reached by this stock is $140.76 whilst the lowest price level in 52 weeks is $39.23. The script in recent trading has seen the stock touch a high of $1275 and a low of $13.3.
NVIDIA Corp (NVDA) has a 20-day trading average at $112.25 and the current price is -7.64% off the 52-week high compared with 231.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $120.50 and its 200-day simple moving average is $84.41. If we look at the stock’s price movements over the week, volatility stands at 4.31%, which increases to 6.39% 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 62.82 to suggest the stock is neutral.
The consensus objective for the share price is $139.79, suggesting that the stock has a potential upside of 7.0% over the period. The median price target is -8.33% away from the current levels at $120.
40 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 19, 2024 when Goldman reiterated the stock to “Buy” and issued a price target of $135. TD Cowen reiterated its price target at $140-$165.
NVIDIA Corp (NVDA) stock is up 19.24% over the week and 10.23% over the past month. Its price is 162.51% year-to-date and 199.93% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.64 and 2.73 for whole year. Expected sales for next quarter are $31.53B, which analysts say will come at $120.99B for the current fiscal year and next year at $167.41B. In addition, estimates put the company’s current quarterly revenue at an average of $28.59B.
Its 12-month price target is $120. To reach the target analysts have set, the stock logically needs to grow 7.0 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 $13.3, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1275.
Outstanding shares total 24.64B with insiders holding 4.29% of the shares and institutional holders owning 66.71% of the company’s common stock. The company has a return on investment of 72.34% and return on equity of 115.66%. The price to earnings ratio (P/E ratio) amounts to 76.05 while the forward price to earnings ratio is 34.53. The beta has a value of 1.68. Price to book ratio is 65.05 and price to sales ratio is 40.09.
