NVIDIA Corp [NVDA] stock prices are up 3.97% to $120.87 at the moment. 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 4.57% over the last week, with a monthly amount drifted -6.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Needham reaffirmed its Buy rating on August 29, 2024, and elevated its price target to $145. On August 19, 2024, Goldman reiterated its Buy rating but maintained its price target of $135 on the stock. New Street upgraded its rating to a Buy. TD Cowen reiterated its recommendation of a Buy and raised its price target to $165 on July 15, 2024. The Benchmark Company reiterated a Buy rating for this stock on July 12, 2024, and upped its price target to $170. In a note dated July 09, 2024, KeyBanc Capital Markets reiterated an Overweight rating on this stock and boosted its target price from $130 to $180.
The stock price of NVIDIA Corp [NVDA] has been fluctuating between $39.23 and $140.76 over the past year. Currently, Wall Street analysts expect the stock to reach $120.9 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $120.87 at the most recent close of the market. An investor can expect a potential return of 0.02% based on the average NVDA price forecast.
Analyzing the NVDA fundamentals
The NVIDIA Corp [NASDAQ:NVDA] reported sales of 96.31B for trailing twelve months, representing a surge of 122.40%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 116.90 points at the first support level, and at 112.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.32, and for the 2nd resistance point, it is at 125.77.
Ratios To Look Out For
It’s worth pointing out that NVIDIA Corp [NASDAQ:NVDA]’s Current Ratio is 4.27. Further, the Quick Ratio stands at 3.79, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 30.79, the price to book ratio is 51.05 and price to earnings (TTM) ratio is 56.75.
Transactions by insiders
Recent insider trading involved STEVENS MARK A, Shareholder, that happened on Sep 24 ’24 when 3.0 million shares were purchased. Director, COXE TENCH completed a deal on Sep 19 ’24 to sell 1.0 million shares. Meanwhile, Director COXE TENCH sold 1.0 million shares on Sep 20 ’24.
