NVIDIA Corp [NASDAQ: NVDA] jumped around 2.79 points on Friday, while shares priced at $788.17 at the close of the session, up 0.36%. The company report on February 22, 2024 at 5:00 PM that NVIDIA Announces Upcoming Events for Financial Community.
NVIDIA will present at the following events for the financial community:.
Morgan Stanley Technology, Media and Telecom Conference 2024Monday, March 4, 10:15 a.m. Pacific time.
Compared to the average trading volume of 45.20M shares, NVDA reached a trading volume of 82487181 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 Corp [NVDA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVDA shares is $857.22 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 1.31. 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.
Wolfe Research have made an estimate for NVIDIA Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price from $800 to $850. The new note on the price target was released on February 22, 2024, representing the official price target for NVIDIA Corp stock. Previously, the target price had yet another drop from $850 to $800, while UBS kept a Buy rating on NVDA stock. On February 22, 2024, analysts increased their price target for NVDA shares from 691 to 911.
The Average True Range (ATR) for NVIDIA Corp is set at 31.75, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 32.34. The Price to Book ratio for the last quarter was 45.19, with the Price to Cash per share for the same quarter was set at 10.39. Price to Free Cash Flow for NVDA in the course of the last twelve months was 72.92 with Quick ratio for the last quarter at 3.67.
How has NVDA stock performed recently?
NVIDIA Corp [NVDA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.48. With this latest performance, NVDA shares gained by 28.45% in over the last four-week period, additionally plugging by 67.28% over the last 6 months – not to mention a rise of 279.77% 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 73.96, with the RSI for the last a single of trading hit 73.70, and the three-weeks RSI is set at 73.87 for NVIDIA Corp [NVDA]. The present Moving Average for the last 50 days of trading for this stock 590.84, while it was recorded at 733.78 for the last single week of trading, and 471.61 for the last 200 days.
NVIDIA Corp [NVDA]: Deeper insight into the fundamentals
NVIDIA Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.67 and a Current Ratio set at 4.17.
Earnings analysis for NVIDIA Corp [NVDA]
With the latest financial reports released by the company, NVIDIA Corp posted 0.98/share EPS, while the average EPS was predicted by analysts to be reported at 0.83/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.10%. 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 Corp go to 36.09%.
Insider trade positions for NVIDIA Corp [NVDA]
The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NVDA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NVDA stock with ownership which is approximately 5.8325%.
