NVIDIA Corporation [NVDA] Revenue clocked in at $16.68 billion, up 9.58% YTD: What’s Next?

NVIDIA Corporation [NASDAQ: NVDA] price surged by 0.28 percent to reach at $1.62. The company report on May 11, 2021 that NVIDIA Transforms Mainstream Laptops into Gaming Powerhouses with GeForce RTX 30 Series.

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Brings RTX Real-Time Ray Tracing and AI-Based DLSS to Tens of Millions More Gamers and Creators with $799 Portable Powerhouses.

NVIDIA announced a new wave of GeForce RTX™ laptops from the world’s top manufacturers, delivering real-time ray tracing and AI-based DLSS to tens of millions more gamers and creators, starting at just $799.

A sum of 7129599 shares traded at recent session while its average daily volume was at 8.35M shares. NVIDIA Corporation shares reached a high of $574.19 and dropped to a low of $550.00 until finishing in the latest session at $572.25.

The one-year NVDA stock forecast points to a potential upside of 14.09. The average equity rating for NVDA stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $666.10 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.

Robert W. Baird have made an estimate for NVIDIA Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 05, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price from $700 to $750. The new note on the price target was released on April 15, 2021, representing the official price target for NVIDIA Corporation stock. Previously, the target price had yet another raise from $700 to $800, while Rosenblatt kept a Buy rating on NVDA stock. On April 13, 2021, analysts increased their price target for NVDA shares from 665 to 675.

The Average True Range (ATR) for NVIDIA Corporation is set at 19.50, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 20.94. The Price to Book ratio for the last quarter was 21.00, with the Price to Cash per share for the same quarter was set at 18.95. Price to Free Cash Flow for NVDA in the course of the last twelve months was 81.23 with Quick ratio for the last quarter at 3.60.

NVDA Stock Performance Analysis:

NVIDIA Corporation [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, NVDA shares dropped by -5.94% in over the last four-week period, additionally sinking by -1.76% over the last 6 months – not to mention a rise of 77.38% 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 45.46, with the RSI for the last a single of trading hit 40.01, and the three-weeks RSI is set at 48.43 for NVIDIA Corporation [NVDA]. The present Moving Average for the last 50 days of trading for this stock 559.26, while it was recorded at 578.93 for the last single week of trading, and 533.11 for the last 200 days.

Insight into NVIDIA Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and NVIDIA Corporation [NVDA] shares currently have an operating margin of +27.68 and a Gross Margin at +62.34. NVIDIA Corporation’s Net Margin is presently recorded at +25.98.

Return on Total Capital for NVDA is now 23.40, given the latest momentum, and Return on Invested Capital for the company is 22.65. Return on Equity for this stock inclined to 29.78, with Return on Assets sitting at 18.79. When it comes to the capital structure of this company, NVIDIA Corporation [NVDA] has a Total Debt to Total Equity ratio set at 45.69. Additionally, NVDA Total Debt to Total Capital is recorded at 31.36, with Total Debt to Total Assets ending up at 26.81. Long-Term Debt to Equity for the company is recorded at 39.06, with the Long-Term Debt to Total Capital now at 26.81.

Reflecting on the efficiency of the workforce at the company, NVIDIA Corporation [NVDA] managed to generate an average of $228,300 per employee. Receivables Turnover for the company is 8.16 with a Total Asset Turnover recorded at a value of 0.72.NVIDIA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 4.10.

NVDA Stock EPS

With the latest financial reports released by the company, NVIDIA Corporation posted 1.8/share EPS, while the average EPS was predicted by analysts to be reported at 1.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.50%. 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 21.84%.

NVIDIA Corporation [NVDA] Insider Position Details

There are presently around $237,568 million, or 68.40% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 47,986,507, which is approximately -1.055% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 44,530,370 shares of the stock with an approximate value of $25.48 billion in NVDA stocks shares; and FMR LLC, currently with $24.91 billion in NVDA stock with ownership of nearly -2.526% of the company’s market capitalization.

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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 1,313 institutional holders increased their position in NVIDIA Corporation [NASDAQ:NVDA] by around 21,266,424 shares. Additionally, 865 investors decreased positions by around 21,362,805 shares, while 232 investors held positions by with 372,517,830 shares. The mentioned changes placed institutional holdings at 415,147,059 shares, according to the latest SEC report filing. NVDA stock had 269 new institutional investments in for a total of 4,601,422 shares, while 103 institutional investors sold positions of 733,371 shares during the same period.

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