A share price of NVIDIA Corp [NVDA] is currently trading at $875.28, down -5.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NVDA shares have gain 6.38% over the last week, with a monthly amount glided 24.86%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, NVIDIA and HP Supercharge Data Science and Generative AI on Workstations. In a post published today on Yahoo Finance, Coming to Z by HP AI Studio, NVIDIA CUDA-X Data Processing Libraries Boost Python Pandas Software for Millions of Data Scientists.
From an analyst’s perspective:
NVIDIA Corp [NASDAQ: NVDA] stock has seen the most recent analyst activity on March 07, 2024, when Mizuho reiterated its Buy rating and also boosted its price target to $1000 from $850. Previously, Wolfe Research reaffirmed its Outperform rating on February 22, 2024, and elevated its price target to $900. On February 22, 2024, Wedbush reiterated its Outperform rating and revised its price target to $850 on the stock. UBS reiterated its Buy rating and decreased its price target to $800 on February 22, 2024. Truist reiterated its recommendation of a Buy and raised its price target to $911 on February 22, 2024. The Benchmark Company reiterated a Buy rating for this stock on February 22, 2024, and upped its price target to $1000. In a note dated February 22, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $700 to $900.
NVIDIA Corp experienced fluctuations in its stock price throughout the past year between $222.97 and $927.67. Currently, Wall Street analysts expect the stock to reach $507.61 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $875.28 at the most recent close of the market. An investor can expect a potential drop of -42.01% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
Trailing Twelve Months sales for NVIDIA Corp [NASDAQ:NVDA] were 60.92B which represents 265.28% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.54%, Pretax Profit Margin comes in at 0.56%, and Net Profit Margin reading is 0.49%. To continue investigating profitability, this company’s Return on Assets is posted at 0.45, Equity is 0.93 and Total Capital is 0.6. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 835.56 points at the first support level, and at 795.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 944.50, and for the 2nd resistance point, it is at 1,013.72.
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
To put it in perspective, the Current Ratio for NVIDIA Corp [NASDAQ:NVDA] is 4.17. As well, the Quick Ratio is 3.67, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 35.92, the price to book ratio is 50.18 and price to earnings (TTM) ratio is 73.33.
Transactions by insiders
Recent insider trading involved COXE TENCH, Director, that happened on Mar 05 ’24 when 0.2 million shares were sold. Director, Drell Persis completed a deal on Mar 05 ’24 to sell 5000.0 shares. Meanwhile, Director STEVENS MARK A sold 12000.0 shares on Mar 04 ’24.
