NVIDIA Corp [NVDA] stock is trading at $788.17, up 0.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The NVDA shares have gain 8.48% over the last week, with a monthly amount glided 28.45%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, NVIDIA Announces Upcoming Events for Financial Community. In a post published today on Yahoo Finance, NVIDIA will present at the following events for the financial community:.
From an analyst’s perspective:
NVIDIA Corp [NASDAQ: NVDA] stock has seen the most recent analyst activity on February 22, 2024, when Wolfe Research reiterated its Outperform rating and also boosted its price target to $900 from $630. Previously, Wedbush reaffirmed its Outperform rating on February 22, 2024, and elevated its price target to $850. On February 22, 2024, UBS reiterated its Buy rating and revised its price target to $800 on the stock. Truist reiterated its Buy rating and increased its price target to $911 on February 22, 2024. The Benchmark Company reiterated its recommendation of a Buy and raised its price target to $1000 on February 22, 2024. TD Cowen reiterated a Outperform rating for this stock on February 22, 2024, and upped its price target to $900. In a note dated February 22, 2024, Stifel reiterated an Buy rating on this stock and boosted its target price from $865 to $910.
NVIDIA Corp [NVDA] stock has fluctuated between $222.97 and $785.75 over the past year. Currently, Wall Street analysts expect the stock to reach $507.61 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $788.17 at the most recent close of the market. An investor can expect a potential drop of -35.6% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
NVIDIA Corp [NASDAQ:NVDA] reported sales of 60.92B for the trailing twelve months, which represents a growth of 265.28%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 767.93 points at the first support level, and at 747.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 816.17, and for the 2nd resistance point, it is at 844.18.
NVIDIA Corp [NVDA] reported earnings per share of $5.16 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.63/share, meaning a difference of $0.53 and a surprise factor of 11.40%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $4.02 per share as compared to estimates of $3.37 per share, a difference of $0.65 representing a surprise of 19.30%.
Ratios To Look Out For
For context, NVIDIA Corp’s Current Ratio is 4.17. On the other hand, the Quick Ratio is 3.67, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 32.34, the price to book ratio is 45.19 and price to earnings (TTM) ratio is 66.03.
Transactions by insiders
Recent insider trading involved STEVENS MARK A, Director, that happened on Jan 12 when 36000.0 shares were sold. Director, STEVENS MARK A completed a deal on Jan 11 to sell 18500.0 shares. Meanwhile, Director STEVENS MARK A sold 35648.0 shares on Jan 10.
