NVIDIA Corp [NVDA] stock prices are up 0.80% to $141.54 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NVDA shares have gain 2.57% over the last week, with a monthly amount glided 14.11%, 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 October 18, 2024, when BofA Securities reiterated its Buy rating and also boosted its price target to $190 from $165. Previously, Goldman reaffirmed its Buy rating on October 11, 2024, and elevated its price target to $150. On September 18, 2024, William Blair initiated with a Outperform rating. Needham reiterated its Buy rating and increased its price target to $145 on August 29, 2024. Goldman reiterated its recommendation of a Buy but $135 remained the price target by the analyst firm on August 19, 2024. New Street upgraded its rating to Buy for this stock on August 06, 2024. In a note dated July 15, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $140 to $165.
The stock price of NVIDIA Corp [NVDA] has been fluctuating between $39.23 and $144.42 over the past year. Currently, Wall Street analysts expect the stock to reach $119.8 within the next 12 months. NVIDIA Corp [NASDAQ: NVDA] shares were valued at $141.54 at the most recent close of the market. An investor can expect a potential drop of -15.36% 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. 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 140.18 points at the first support level, and at 138.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 143.51, and for the 2nd resistance point, it is at 145.49.
Ratios To Look Out For
It’s worth pointing out that NVIDIA Corp [NASDAQ:NVDA]’s Current Ratio is 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 36.05, the price to book ratio is 59.78 and price to earnings (TTM) ratio is 66.45.
Transactions by insiders
Recent insider trading involved STEVENS MARK A, Director, that happened on Oct 09 ’24 when 0.15 million shares were sold. Director, STEVENS MARK A completed a deal on Oct 03 ’24 to sell 0.12 million shares. Meanwhile, Director STEVENS MARK A sold 40000.0 shares on Sep 27 ’24.
