NVIDIA Corp [NASDAQ: NVDA] traded at a low on Friday, posting a -3.22 loss after which it closed the day’ session at $126.57.
The results of the trading session contributed to over 649880243 shares changing hands. Over the past one week, the price volatility of NVIDIA Corp stands at 4.96% while the volatility over the past one month is 4.21%.
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The market cap for NVDA stock reached $3113.62 billion, with 24.64 billion shares outstanding and 23.55 billion shares in the current float. Compared to the average trading volume of 441.75M shares, NVDA reached a trading volume of 649880243 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 $128.33 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 1.33. 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.
Rosenblatt have made an estimate for NVIDIA Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 18, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $1320 to $1500. The new note on the price target was released on June 03, 2024, representing the official price target for NVIDIA Corp stock. Previously, the target price had yet another raise to $1025, while DZ Bank analysts kept a Hold rating on NVDA stock. On May 23, 2024, analysts increased their price target for NVDA shares from 1200 to 1250.
The Average True Range (ATR) for NVIDIA Corp is set at 5.29, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 39.03. The Price to Book ratio for the last quarter was 63.33, with the Price to Cash per share for the same quarter was set at 1.28. Price to Free Cash Flow for NVDA in the course of the last twelve months was 79.16 with Quick ratio for the last quarter at 3.14.
How has NVDA stock performed recently?
NVIDIA Corp [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.35. With this latest performance, NVDA shares gained by 32.69% in over the last four-week period, additionally plugging by 155.16% over the last 6 months – not to mention a rise of 194.04% 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 63.98, with the RSI for the last a single of trading hit 59.04, and the three-weeks RSI is set at 65.45 for NVIDIA Corp [NVDA]. The present Moving Average for the last 50 days of trading for this stock 100.98, while it was recorded at 131.16 for the last single week of trading, and 69.41 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 3.14 and a Current Ratio set at 3.53.
Earnings analysis for NVIDIA Corp [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 Corp go to 46.35%.
Insider trade positions for NVIDIA Corp [NVDA]
There are presently around $278.45 billion, or None% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NVDA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NVDA stock with ownership which is approximately 5.8386%.
