At the time of writing, NVIDIA Corp [NVDA] stock is trading at $119.10, down -0.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The NVDA shares have gain 15.82% over the last week, with a monthly amount glided 0.86%, and 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 29, 2024, when Needham reiterated its Buy rating and also boosted its price target to $145 from $120. Previously, Goldman reaffirmed its Buy rating on August 19, 2024, and kept the price target unchanged to $135. On August 06, 2024, upgrade upgraded it’s rating to Buy. TD Cowen reiterated its Buy rating and increased its price target to $165 on July 15, 2024. The Benchmark Company reiterated its recommendation of a Buy and raised its price target to $170 on July 12, 2024. KeyBanc Capital Markets reiterated a Overweight rating for this stock on July 09, 2024, and upped its price target to $180. In a note dated July 08, 2024, UBS reiterated an Buy rating on this stock and boosted its target price from $120 to $150.
For the past year, the stock price of NVIDIA Corp fluctuated between $39.23 and $140.76. Currently, Wall Street analysts expect the stock to reach $117.18 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $119.10 at the most recent close of the market. An investor can expect a potential drop of -1.61% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
According to NVIDIA Corp [NASDAQ:NVDA], the company’s sales were 96.31B for trailing twelve months, which represents an 122.40% jump. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.62%, Pretax Profit Margin comes in at 0.63%, and Net Profit Margin reading is 0.55%. To continue investigating profitability, this company’s Return on Assets is posted at 0.62, Equity is 1.16 and Total Capital is 0.84. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.15.
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 117.81 points at the first support level, and at 116.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.17, and for the 2nd resistance point, it is at 121.24.
Ratios To Look Out For
It is important to note that NVIDIA Corp [NASDAQ:NVDA] has a current ratio of 4.27. On the other hand, the Quick Ratio is 3.79, and the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 30.34, the price to book ratio is 50.30 and price to earnings (TTM) ratio is 55.92.
Transactions by insiders
Recent insider trading involved HUANG JEN HSUN, Officer, that happened on Sep 13 ’24 when 0.12 million shares were purchased. President and CEO, HUANG JEN HSUN completed a deal on Sep 11 ’24 to sell 0.12 million shares. Meanwhile, President and CEO HUANG JEN HSUN sold 0.12 million shares on Sep 10 ’24.
