NVIDIA Corp [NVDA] stock is trading at $109.02, up 4.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NVDA shares have gain 8.53% over the last week, with a monthly amount drifted -15.65%, 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 August 06, 2024, when New Street upgraded its rating to a Buy. Previously, TD Cowen reaffirmed its Buy rating on July 15, 2024, and elevated its price target to $165. On July 12, 2024, The Benchmark Company reiterated its Buy rating and revised its price target to $170 on the stock. KeyBanc Capital Markets reiterated its Overweight rating and increased its price target to $180 on July 09, 2024. UBS reiterated its recommendation of a Buy and raised its price target to $150 on July 08, 2024. New Street downgraded its rating to Neutral for this stock on July 05, 2024. In a note dated July 01, 2024, Morgan Stanley reiterated an Overweight rating on this stock and boosted its target price from $116 to $144.
NVIDIA Corp [NVDA] stock has fluctuated between $39.23 and $140.76 over the past year. Currently, Wall Street analysts expect the stock to reach $163.64 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $109.02 at the most recent close of the market. An investor can expect a potential return of 50.1% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
NVIDIA Corp [NASDAQ:NVDA] reported sales of 79.77B for the trailing twelve months, which represents a growth of 262.12%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.6%, Pretax Profit Margin comes in at 0.61%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.55, Equity is 1.11 and Total Capital is 0.77. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 106.50 points at the first support level, and at 103.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.31, and for the 2nd resistance point, it is at 113.59.
Ratios To Look Out For
For context, NVIDIA Corp’s Current Ratio is 3.53. In addition, the Quick Ratio stands at 3.14 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 33.62, the price to book ratio is 54.55 and price to earnings (TTM) ratio is 63.77.
Transactions by insiders
Recent insider trading involved HUANG JEN HSUN, Officer, that happened on Aug 09 ’24 when 0.12 million shares were purchased. President and CEO, HUANG JEN HSUN completed a deal on Aug 09 ’24 to sell 0.12 million shares. Meanwhile, Officer HUANG JEN HSUN bought 0.12 million shares on Aug 08 ’24.
