NVIDIA Corporation [NVDA] is -44.71% lower this YTD. Is it still time to buy?

NVIDIA Corporation [NASDAQ: NVDA] traded at a low on 08/26/22, posting a -9.23 loss after which it closed the day’ session at $162.60. The company report on August 24, 2022 that NVIDIA Announces Financial Results for Second Quarter Fiscal 2023.

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Quarterly revenue of $6.70 billion, up 3% from a year ago.

Data Center revenue of $3.81 billion, up 61% from a year ago.

The results of the trading session contributed to over 76634478 shares changing hands. Over the past one week, the price volatility of NVIDIA Corporation stands at 5.29% while the volatility over the past one month is 4.30%.

The market cap for NVDA stock reached $447.82 billion, with 2.51 billion shares outstanding and 2.40 billion shares in the current float. Compared to the average trading volume of 52.74M shares, NVDA reached a trading volume of 76634478 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $215.89 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.

Craig Hallum have made an estimate for NVIDIA Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 08, 2022. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $260 to $220. The new note on the price target was released on July 13, 2022, representing the official price target for NVIDIA Corporation stock. Previously, the target price had yet another drop from $365 to $228, while The Benchmark Company kept a Buy rating on NVDA stock.

The Average True Range (ATR) for NVIDIA Corporation is set at 8.71, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 15.06. The Price to Book ratio for the last quarter was 15.49, with the Price to Cash per share for the same quarter was set at 7.38. Price to Free Cash Flow for NVDA in the course of the last twelve months was 57.91 with Quick ratio for the last quarter at 4.70.

How has NVDA stock performed recently?

NVIDIA Corporation [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.90. With this latest performance, NVDA shares dropped by -9.59% in over the last four-week period, additionally sinking by -32.69% over the last 6 months – not to mention a drop of -26.32% 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 40.66, with the RSI for the last a single of trading hit 35.49, and the three-weeks RSI is set at 43.60 for NVIDIA Corporation [NVDA]. The present Moving Average for the last 50 days of trading for this stock 170.02, while it was recorded at 171.22 for the last single week of trading, and 225.53 for the last 200 days.

NVIDIA Corporation [NVDA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NVIDIA Corporation [NVDA] shares currently have an operating margin of +39.67 and a Gross Margin at +64.93. NVIDIA Corporation’s Net Margin is presently recorded at +36.23.

Return on Equity for this stock inclined to 44.83, with Return on Assets sitting at 26.73.

NVIDIA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 5.30.

Earnings analysis for NVIDIA Corporation [NVDA]

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 23.40%.

Insider trade positions for NVIDIA Corporation [NVDA]

There are presently around $257,778 million, or 65.60% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 201,420,859, which is approximately 1.491% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 179,151,144 shares of the stock with an approximate value of $29.13 billion in NVDA stocks shares; and FMR LLC, currently with $22.87 billion in NVDA stock with ownership of nearly -3.046% of the company’s market capitalization.

Positions in NVIDIA Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,531 institutional holders increased their position in NVIDIA Corporation [NASDAQ:NVDA] by around 71,674,478 shares. Additionally, 1,471 investors decreased positions by around 81,315,772 shares, while 195 investors held positions by with 1,432,362,683 shares. The mentioned changes placed institutional holdings at 1,585,352,933 shares, according to the latest SEC report filing. NVDA stock had 142 new institutional investments in for a total of 7,583,474 shares, while 359 institutional investors sold positions of 6,899,232 shares during the same period.


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