Truist slashes price target on NVIDIA Corporation [NVDA] – find out why.

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NVIDIA Corporation [NASDAQ: NVDA] loss -0.59% or -1.75 points to close at $294.11 with a heavy trading volume of 26577490 shares. The company report on December 29, 2021 that NVIDIA Announces Upcoming Event for Financial Community.

NVIDIA will present at the following event for the financial community:.


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24th Annual Needham Virtual Growth ConferenceMonday, Jan. 10, 2022, at 9:30 a.m. Pacific Time.

It opened the trading session at $296.74, the shares rose to $300.30 and dropped to $293.3057, the range by which the price of stock traded the whole day. The daily chart for NVDA points out that the company has recorded 43.56% gains over the past six months. However, it is still -154.27% lower than its most recent low trading price.

If we look at the average trading volume of 42.19M shares, NVDA reached to a volume of 26577490 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $342.16 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.

Truist have made an estimate for NVIDIA Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 18, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price from $225 to $365. The new note on the price target was released on November 18, 2021, representing the official price target for NVIDIA Corporation stock. Previously, the target price had yet another raise from $260 to $350, while Piper Sandler kept a Overweight rating on NVDA stock. On November 18, 2021, analysts increased their price target for NVDA shares from 245 to 400.

The Average True Range (ATR) for NVIDIA Corporation is set at 15.12, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 30.05. The Price to Book ratio for the last quarter was 30.89, with the Price to Cash per share for the same quarter was set at 7.78. Price to Free Cash Flow for NVDA in the course of the last twelve months was 107.90 with Quick ratio for the last quarter at 6.50.

Trading performance analysis for NVDA stock

NVIDIA Corporation [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.77. With this latest performance, NVDA shares dropped by -6.44% in over the last four-week period, additionally plugging by 43.56% over the last 6 months – not to mention a rise of 125.29% 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 48.90, with the RSI for the last a single of trading hit 47.10, and the three-weeks RSI is set at 50.77 for NVIDIA Corporation [NVDA]. The present Moving Average for the last 50 days of trading for this stock 292.98, while it was recorded at 300.53 for the last single week of trading, and 210.80 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 +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 6.50 and a Current Ratio set at 7.10.

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

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 39.37%.

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