The price-to-earnings ratio for NVIDIA Corp (NASDAQ: NVDA) is above average at 66.26x. The 36-month beta value for NVDA is also noteworthy at 1.70. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 15 rating it as “hold,” and 1 rating it as “sell.”
The public float for NVDA is 23.62B, and at present, short sellers hold a 1.19% of that float. The average trading volume of NVDA on July 26, 2024 was 375.80M shares.
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NVDA) stock’s latest price update
The stock price of NVIDIA Corp (NASDAQ: NVDA) has jumped by 0.89 compared to previous close of 112.28. Despite this, the company has seen a fall of -3.95% in its stock price over the last five trading days. 247wallst.com reported 2024-07-26 that Technological innovation is reshaping just about everything we do.
NVDA’s Market Performance
NVDA’s stock has fallen by -3.95% in the past week, with a monthly drop of -10.38% and a quarterly rise of 37.08%. The volatility ratio for the week is 4.94% while the volatility levels for the last 30 days are 4.16% for NVIDIA Corp The simple moving average for the last 20 days is -8.80% for NVDA’s stock, with a simple moving average of 44.08% for the last 200 days.
Analysts’ Opinion of NVDA
Many brokerage firms have already submitted their reports for NVDA stocks, with TD Cowen repeating the rating for NVDA by listing it as a “Buy.” The predicted price for NVDA in the upcoming period, according to TD Cowen is $165 based on the research report published on July 15, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see NVDA reach a price target of $170, previously predicting the price at $135. The rating they have provided for NVDA stocks is “Buy” according to the report published on July 12th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to NVDA, setting the target price at $180 in the report published on July 09th of the current year.
NVDA Trading at -4.34% 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 -19.53% of loss for the given period.
Volatility was left at 4.16%, however, over the last 30 days, the volatility rate increased by 4.94%, as shares sank -8.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.70% upper at present.
During the last 5 trading sessions, NVDA fell by -4.17%, which changed the moving average for the period of 200-days by +149.62% in comparison to the 20-day moving average, which settled at $123.66. In addition, NVIDIA Corp saw 128.74% 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 HUANG JEN HSUN, who sale 120,000 shares at the price of $117.24 back on Jul 24 ’24. After this action, HUANG JEN HSUN now owns 78,054,995 shares of NVIDIA Corp, valued at $14,069,240 using the latest closing price.
HUANG JEN HSUN, the President and CEO of NVIDIA Corp, sale 120,000 shares at $123.34 during a trade that took place back on Jul 23 ’24, which means that HUANG JEN HSUN is holding 78,174,995 shares at $14,800,522 based on the most recent closing price.
Stock Fundamentals for NVDA
Current profitability levels for the company are sitting at:
- 0.6 for the present operating margin
- 0.75 for the gross margin
The net margin for NVIDIA Corp stands at 0.53. The total capital return value is set at 0.77. Equity return is now at value 115.66, with 70.10 for asset returns.
Based on NVIDIA Corp (NVDA), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 4.17. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 187.22.
Currently, EBITDA for the company is 35.58 billion with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 34.94. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
In summary, NVIDIA Corp (NVDA) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
