NVIDIA Corp (NASDAQ: NVDA) has a price-to-earnings ratio that is above its average at 63.57x. The stock has a 36-month beta value of 1.66. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 7 as “overweight,” 15 as “hold,” and 1 as “sell.”
The public float for NVDA is 23.55B, and at present, short sellers hold a 1.09% of that float. On November 04, 2024, the average trading volume of NVDA was 307.80M shares.
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NVDA) stock’s latest price update
NVIDIA Corp (NASDAQ: NVDA)’s stock price has plunge by 1.99relation to previous closing price of 132.76. Nevertheless, the company has seen a -4.34% plunge in its stock price over the last five trading sessions. pymnts.com reported 2024-11-03 that Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise several billion dollars, valuing the company at around $40 billion, the New York Post reported Friday (Nov. 1).
NVDA’s Market Performance
NVIDIA Corp (NVDA) has seen a -4.34% fall in stock performance for the week, with a 10.22% gain in the past month and a 34.79% surge in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are at 2.99% for NVDA. The simple moving average for the past 20 days is -1.21% for NVDA’s stock, with a 29.30% simple moving average for the past 200 days.
Analysts’ Opinion of NVDA
Many brokerage firms have already submitted their reports for NVDA stocks, with BofA Securities repeating the rating for NVDA by listing it as a “Buy.” The predicted price for NVDA in the upcoming period, according to BofA Securities is $190 based on the research report published on October 18, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see NVDA reach a price target of $150, previously predicting the price at $135. The rating they have provided for NVDA stocks is “Buy” according to the report published on October 11th, 2024.
NVDA Trading at 7.93% 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 -6.25% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +8.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.42% upper at present.
During the last 5 trading sessions, NVDA fell by -4.34%, which changed the moving average for the period of 200-days by +137.10% in comparison to the 20-day moving average, which settled at $137.06. In addition, NVIDIA Corp saw 173.41% 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 155,000 shares at the price of $132.27 back on Oct 09 ’24. After this action, STEVENS MARK A now owns 8,100,117 shares of NVIDIA Corp, valued at $20,502,578 using the latest closing price.
STEVENS MARK A, the Director of NVIDIA Corp, sale 125,000 shares at $122.61 during a trade that took place back on Oct 03 ’24, which means that STEVENS MARK A is holding 8,255,117 shares at $15,325,950 based on the most recent closing price.
Stock Fundamentals for NVDA
Current profitability levels for the company are sitting at:
- 0.62 for the present operating margin
- 0.76 for the gross margin
The net margin for NVIDIA Corp stands at 0.55. The total capital return value is set at 0.84. Equity return is now at value 123.77, with 78.66 for asset returns.
Based on NVIDIA Corp (NVDA), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 5.59. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 237.38.
Currently, EBITDA for the company is 35.58 billion with net debt to EBITDA at 0.02. When we switch over and look at the enterprise to sales, we see a ratio of 34.5. The receivables turnover for the company is 6.81for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.27.
Conclusion
To sum up, NVIDIA Corp (NVDA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
