The price-to-earnings ratio for NVIDIA Corp (NASDAQ: NVDA) is 63.84x, which is above its average ratio. Moreover, the 36-month beta value for NVDA is 1.75. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for NVDA is 2.40B and currently, short sellers hold a 1.18% of that float. On April 22, 2024, NVDA’s average trading volume was 52.52M shares.
NVDA) stock’s latest price update
The stock of NVIDIA Corp (NASDAQ: NVDA) has decreased by -10.00 when compared to last closing price of 846.71. Despite this, the company has experienced a -13.59% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-21 that AI stocks are losing momentum after the scorching-hot performance to begin 2024.
NVDA’s Market Performance
NVIDIA Corp (NVDA) has experienced a -13.59% fall in stock performance for the past week, with a -15.68% drop in the past month, and a 28.09% rise in the past quarter. The volatility ratio for the week is 5.94%, and the volatility levels for the past 30 days are at 4.19% for NVDA. The simple moving average for the last 20 days is -14.24% for NVDA stock, with a simple moving average of 34.34% for the last 200 days.
Analysts’ Opinion of NVDA
Many brokerage firms have already submitted their reports for NVDA stocks, with Evercore ISI repeating the rating for NVDA by listing it as a “Outperform.” The predicted price for NVDA in the upcoming period, according to Evercore ISI is $1160 based on the research report published on April 16, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see NVDA reach a price target of $1100, previously predicting the price at $850. The rating they have provided for NVDA stocks is “Strong Buy” according to the report published on April 11th, 2024.
Morgan Stanley gave a rating of “Overweight” to NVDA, setting the target price at $1000 in the report published on April 10th of the current year.
NVDA Trading at -9.20% from the 50-Day Moving Average
After a stumble in the market that brought NVDA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.77% of loss for the given period.
Volatility was left at 4.19%, however, over the last 30 days, the volatility rate increased by 5.94%, as shares sank -16.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.70% upper at present.
During the last 5 trading sessions, NVDA fell by -13.59%, which changed the moving average for the period of 200-days by +80.07% in comparison to the 20-day moving average, which settled at $880.90. In addition, NVIDIA Corp saw 53.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NVDA starting from STEVENS MARK A, who sale 22,700 shares at the price of $879.97 back on Apr 05 ’24. After this action, STEVENS MARK A now owns 1,052,133 shares of NVIDIA Corp, valued at $19,975,240 using the latest closing price.
PERRY MARK L, the Director of NVIDIA Corp, sale 7,000 shares at $887.89 during a trade that took place back on Apr 02 ’24, which means that PERRY MARK L is holding 116,000 shares at $6,215,259 based on the most recent closing price.
Stock Fundamentals for NVDA
Current profitability levels for the company are sitting at:
- 0.54 for the present operating margin
- 0.73 for the gross margin
The net margin for NVIDIA Corp stands at 0.49. The total capital return value is set at 0.6. Equity return is now at value 91.46, with 55.67 for asset returns.
Based on NVIDIA Corp (NVDA), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 2.83. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 128.3.
Currently, EBITDA for the company is 34.48 billion with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 31.33. The receivables turnover for the company is 6.09for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.17.
Conclusion
To wrap up, the performance of NVIDIA Corp (NVDA) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
