At the time of writing, NVIDIA Corp [NVDA] stock is trading at $877.35, up 6.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NVDA shares have gain 15.14% over the last week, with a monthly amount drifted -2.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NVIDIA Corp [NASDAQ: NVDA] stock has seen the most recent analyst activity on April 16, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $1160. Previously, Raymond James reaffirmed its Strong Buy rating on April 11, 2024, and elevated its price target to $1100. On April 10, 2024, Morgan Stanley reiterated its Overweight rating and revised its price target to $1000 on the stock. KeyBanc Capital Markets reiterated its Overweight rating and increased its price target to $1200 on April 08, 2024. UBS reiterated its recommendation of a Buy and raised its price target to $1100 on March 22, 2024. TD Cowen reiterated a Outperform rating for this stock on March 21, 2024, and upped its price target to $1100. In a note dated March 07, 2024, Mizuho reiterated an Buy rating on this stock and boosted its target price from $850 to $1000.
For the past year, the stock price of NVIDIA Corp fluctuated between $266.25 and $974.00. Currently, Wall Street analysts expect the stock to reach $660.68 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $877.35 at the most recent close of the market. An investor can expect a potential drop of -24.7% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
According to NVIDIA Corp [NASDAQ:NVDA], the company’s sales were 60.92B for trailing twelve months, which represents an 265.28% jump. 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 846.38 points at the first support level, and at 815.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 895.82, and for the 2nd resistance point, it is at 914.28.
Ratios To Look Out For
It is important to note that NVIDIA Corp [NASDAQ:NVDA] has a current ratio of 4.17. Further, the Quick Ratio stands at 3.67, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 36.00, the price to book ratio is 50.30 and price to earnings (TTM) ratio is 73.50.
Transactions by insiders
Recent insider trading involved STEVENS MARK A, Director, that happened on Apr 05 ’24 when 22700.0 shares were sold. Director, PERRY MARK L completed a deal on Apr 02 ’24 to sell 7000.0 shares. Meanwhile, Director STEVENS MARK A sold 11000.0 shares on Mar 28 ’24.
