NVIDIA Corporation (NVDA) attracts a new wave of investors despite economic turmoil

The closing price of NVIDIA Corporation (NASDAQ: NVDA) was $192.65 for the day, up 0.38% from the previous closing price of $191.93. In other words, the price has increased by $+0.72 from its previous closing price. On the day, 48840966 shares were traded. NVDA stock price reached its highest trading level at $194.95 during the session, while it also had its lowest trading level at $188.20.

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Our analysis of NVDA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 100.58. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.45.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Truist on January 23, 2023, Reiterated its Buy rating but revised its target price to $238 from $198 previously.

On December 19, 2022, Needham reiterated its Buy rating and also lowered its target price recommendation from $200 to $230.

On December 15, 2022, HSBC Securities started tracking the stock assigning a Reduce rating and target price of $136.HSBC Securities initiated its Reduce rating on December 15, 2022, with a $136 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 13 when STEVENS MARK A sold 20,000 shares for $167.42 per share. The transaction valued at 3,348,400 led to the insider holds 1,170,888 shares of the business.

STEVENS MARK A sold 45,000 shares of NVDA for $7,411,500 on Jan 12. The Director now owns 1,190,888 shares after completing the transaction at $164.70 per share. On Jan 10, another insider, STEVENS MARK A, who serves as the Director of the company, sold 90,000 shares for $157.92 each. As a result, the insider received 14,212,800 and left with 1,235,888 shares of the company.

Valuation Measures:

As of this moment, NVIDIA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 81.94, and their Forward P/E ratio for the next fiscal year is 44.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.59 while its Price-to-Book (P/B) ratio in mrq is 22.40.

Stock Price History:

Over the past 52 weeks, NVDA has reached a high of $289.46, while it has fallen to a 52-week low of $108.13. The 50-Day Moving Average of the stock is 161.36, while the 200-Day Moving Average is calculated to be 162.69.

Shares Statistics:

NVDA traded an average of 47.08M shares per day over the past three months and 48.63M shares per day over the past ten days. A total of 2.48B shares are outstanding, with a floating share count of 2.36B. Insiders hold about 0.40% of the company’s shares, while institutions hold 65.90% stake in the company. Shares short for NVDA as of Oct 13, 2022 were 32.87M with a Short Ratio of 38.30M, compared to 30.72M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.32% and a Short% of Float of 1.37%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.64, NVDA has a forward annual dividend rate of 0.16. Against a Trailing Annual Dividend Yield of 0.33%, it implies a Forward Annual Dividend Yield of 0.12%. The stock’s 5-year Average Dividend Yield is 0.21. The current Payout Ratio is 6.70% for NVDA, which recently paid a dividend on Dec 21, 2022 with an ex-dividend date of Sep 06, 2022. Stock splits for the company last occurred on Jul 19, 2021 when the company split stock in a 4:1 ratio.

Earnings Estimates

The firm’s stock currently is rated by 31 analysts. On average, analysts expect EPS of $0.7 for the current quarter, with a high estimate of $0.78 and a low estimate of $0.61, while EPS last year was $1.17. The consensus estimate for the next quarter is $0.77, with high estimates of $1.01 and low estimates of $0.6.

Analysts are recommending an EPS of between $3.61 and $3.1 for the fiscal current year, implying an average EPS of $3.35. EPS for the following year is $4.35, with 37 analysts recommending between $5.41 and $3.08.

Revenue Estimates

A total of 39 analysts have provided revenue estimates for NVDA’s current fiscal year. The highest revenue estimate was $28.04B, while the lowest revenue estimate was $25.94B, resulting in an average revenue estimate of $27.02B. In the same quarter a year ago, actual revenue was $26.91B, up 0.40% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $30.55B in the next fiscal year. The high estimate is $34.3B and the low estimate is $27.04B. The average revenue growth estimate for next year is up 13.10% from the average revenue estimate for this year.