Market Analysts see NVIDIA Corporation [NVDA] gaining to $540. Time to buy?

NVIDIA Corporation [NASDAQ: NVDA] closed the trading session at $457.61 on 08/12/20. The day’s price range saw the stock hit a low of $438.33, while the highest price level was $458.68. The company report on August 11, 2020 that NVIDIA Announces GeForce Special Event Featuring CEO Jensen Huang.

NVIDIA will broadcast a GeForce Special Event, featuring an address by founder and CEO Jensen Huang, on Sept. 1, at 9 a.m. Pacific time.

During the event, Huang will highlight the company’s latest innovations in gaming and graphics. Tune in at https://www.nvidia.com/en-us/geforce/special-event/.

The stocks have a year to date performance of 94.48 percent and weekly performance of 1.36 percent. The stock has been moved at 67.91 percent over the last six months. The stock has performed 10.25 percent around the most recent 30 days and changed 47.05 percent over the most recent 3-months.

If compared to the average trading volume of 11.79M shares, NVDA reached to a volume of 11586329 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $406.18 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 2.00. 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.

Cascend Securities have made an estimate for NVIDIA Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2020. While these analysts kept the previous recommendation, BofA Securities raised their target price from $460 to $520. The new note on the price target was released on August 10, 2020, representing the official price target for NVIDIA Corporation stock. Previously, the target price had yet another raise from $410 to $475, while Cowen kept a Outperform rating on NVDA stock. On July 10, 2020, analysts increased their price target for NVDA shares from 400 to 500.

The Average True Range (ATR) for NVIDIA Corporation is set at 15.19, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 24.18. The Price to Book ratio for the last quarter was 21.45, with the Price to Cash per share for the same quarter was set at 26.27. Price to Free Cash Flow for NVDA in the course of the last twelve months was 70.45 with Quick ratio for the last quarter at 9.70.

NVDA stock trade performance evaluation

NVIDIA Corporation [NVDA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.36. With this latest performance, NVDA shares gained by 10.25% in over the last four-week period, additionally plugging by 67.91% over the last 6 months – not to mention a rise of 193.25% 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 66.62, with the RSI for the last a single of trading hit 67.71, and the three-weeks RSI is set at 65.70 for NVIDIA Corporation [NVDA]. The present Moving Average for the last 50 days of trading for this stock 397.93, while it was recorded at 447.92 for the last single week of trading, and 291.78 for the last 200 days.

NVIDIA Corporation [NVDA]: An insightful look at the core fundamentals

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.

Earnings per share (EPS) analysis for NVIDIA Corporation [NVDA] stock

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 16.83%.

NVIDIA Corporation [NVDA]: Insider Ownership positions

There are presently around $196,530 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 $21.52 billion in NVDA stocks shares; and BLACKROCK INC., currently with $19.56 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 1,018 institutional holders increased their position in NVIDIA Corporation [NASDAQ:NVDA] by around 38,837,394 shares. Additionally, 784 investors decreased positions by around 23,825,891 shares, while 153 investors held positions by with 366,807,993 shares. The mentioned changes placed institutional holdings at 429,471,278 shares, according to the latest SEC report filing. NVDA stock had 256 new institutional investments in for a total of 3,689,419 shares, while 90 institutional investors sold positions of 1,583,380 shares during the same period.

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