Tuesday, December 1, 2020

NVIDIA Corporation [NVDA] Revenue clocked in at $11.78 billion, up 49.53% YTD: What’s Next?

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NVIDIA Corporation [NASDAQ: NVDA] loss -6.09% or -22.82 points to close at $351.85 with a heavy trading volume of 14411974 shares. It opened the trading session at $366.00, the shares rose to $370.45 and dropped to $351.44, the range by which the price of stock traded the whole day. The daily chart for NVDA points out that the company has recorded 64.43% gains over the past six months. However, it is still -146.32% lower than its most recent low trading price.

If we look at the average trading volume of 15.14M shares, NVDA reached to a volume of 14411974 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about NVIDIA Corporation [NVDA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVDA shares is $383.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVDA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Benchmark Company have made an estimate for NVIDIA Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 22, 2020. While these analysts kept the previous recommendation, Needham raised their target price from $360 to $400. The new note on the price target was released on May 22, 2020, representing the official price target for NVIDIA Corporation stock. Previously, the target price had yet another raise from $325 to $410, while Cowen kept a Outperform rating on NVDA stock. On May 22, 2020, analysts increased their price target for NVDA shares from 360 to 415.

The Average True Range (ATR) for NVIDIA Corporation is set at 14.03, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 18.06. The Price to Book ratio for the last quarter was 16.50, with the Price to Cash per share for the same quarter was set at 27.06. Price to Free Cash Flow for NVDA in the course of the last twelve months was 52.60 with Quick ratio for the last quarter at 9.70.

Trading performance analysis for NVDA stock

NVIDIA Corporation [NVDA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.34. With this latest performance, NVDA shares gained by 12.74% in over the last four-week period, additionally plugging by 64.43% over the last 6 months – not to mention a rise of 140.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVDA stock in for the last two-week period is set at 55.56, with the RSI for the last a single of trading hit 51.86, and the three-weeks RSI is set at 57.49 for NVIDIA Corporation [NVDA]. The present Moving Average for the last 50 days of trading for this stock 311.36, while it was recorded at 359.47 for the last single week of trading, and 243.67 for the last 200 days.

NVIDIA Corporation [NVDA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and NVIDIA Corporation [NVDA] shares currently have an operating margin of +26.48 and a Gross Margin at +62.13. NVIDIA Corporation’s Net Margin is presently recorded at +25.61.

Return on Total Capital for NVDA is now 22.09, given the latest momentum, and Return on Invested Capital for the company is 21.44. Return on Equity for this stock inclined to 25.95, with Return on Assets sitting at 18.27. When it comes to the capital structure of this company, NVIDIA Corporation [NVDA] has a Total Debt to Total Equity ratio set at 21.66. Additionally, NVDA Total Debt to Total Capital is recorded at 17.80, with Total Debt to Total Assets ending up at 15.26. Long-Term Debt to Equity for the company is recorded at 20.91, with the Long-Term Debt to Total Capital now at 17.19.

Reflecting on the efficiency of the workforce at the company, NVIDIA Corporation [NVDA] managed to generate an average of $202,976 per employee. Receivables Turnover for the company is 7.09 with a Total Asset Turnover recorded at a value of 0.71.NVIDIA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.70 and a Current Ratio set at 10.30.

NVIDIA Corporation [NVDA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, NVIDIA Corporation posted 1.24/share EPS, while the average EPS was predicted by analysts to be reported at 1.14/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVDA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NVIDIA Corporation go to 14.91%.

An analysis of insider ownership at NVIDIA Corporation [NVDA]

There are presently around $161,846 million, or 71.70% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 48,539,176, which is approximately 2.743% of the company’s market cap and around 0.30% of the total institutional ownership; FMR LLC, holding 47,027,692 shares of the stock with an approximate value of $17.62 billion in NVDA stocks shares; and BLACKROCK INC., currently with $16.02 billion in NVDA stock with ownership of nearly 6.05% of the company’s market capitalization.

Positions in NVIDIA Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 976 institutional holders increased their position in NVIDIA Corporation [NASDAQ:NVDA] by around 43,578,205 shares. Additionally, 758 investors decreased positions by around 20,575,770 shares, while 132 investors held positions by with 367,814,962 shares. The mentioned changes placed institutional holdings at 431,968,937 shares, according to the latest SEC report filing. NVDA stock had 247 new institutional investments in for a total of 4,140,322 shares, while 118 institutional investors sold positions of 1,599,716 shares during the same period.

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