NVIDIA Corp [NASDAQ: NVDA] price plunged by -3.67 percent to reach at -$4.58.
The one-year NVDA stock forecast points to a potential upside of 31.35. The average equity rating for NVDA stock is currently 1.34, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $174.89 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 1.34. 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.
Wells Fargo have made an estimate for NVIDIA Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 21, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $167 to $169. The new note on the price target was released on November 21, 2024, representing the official price target for NVIDIA Corp stock. Previously, the target price had yet another raise from $170 to $190, while The Benchmark Company kept a Buy rating on NVDA stock. On November 21, 2024, analysts increased their price target for NVDA shares from 165 to 175.
The Average True Range (ATR) for NVIDIA Corp is set at 7.71, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 25.96. The Price to Book ratio for the last quarter was 44.65, with the Price to Cash per share for the same quarter was set at 1.57. Price to Free Cash Flow for NVDA in the course of the last twelve months was 52.00 with Quick ratio for the last quarter at 3.64.
NVDA Stock Performance Analysis:
NVIDIA Corp [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.81. With this latest performance, NVDA shares dropped by -12.67% in over the last four-week period, additionally plugging by 2.61% over the last 6 months – not to mention a rise of 91.27% 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 38.80, with the RSI for the last a single of trading hit 35.88, and the three-weeks RSI is set at 40.96 for NVIDIA Corp [NVDA]. The present Moving Average for the last 50 days of trading for this stock 137.29, while it was recorded at 123.17 for the last single week of trading, and 122.49 for the last 200 days.
Insight into NVIDIA Corp Fundamentals:
NVIDIA Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.64 and a Current Ratio set at 4.10.
NVIDIA Corp [NVDA] Institutonal Ownership Details
There are presently around $66.17%, or 69.14%% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 2.14 billion shares, which is approximately 8.7116%. BLACKROCK INC., holding 1.84 billion shares of the stock with an approximate value of $$227.22 billion in NVDA stocks shares; and BLACKROCK INC., currently with $$128.96 billion in NVDA stock with ownership which is approximately 4.2401%.
