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The closing price of NVIDIA Corp (NASDAQ: NVDA) was $840.35 for the day, down -3.87% from the previous closing price of $874.15. In other words, the price has decreased by -$3.87 from its previous closing price. On the day, 49.19 million shares were traded. NVDA stock price reached its highest trading level at $887.75 during the session, while it also had its lowest trading level at $839.5.
Ratios:
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 80.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.75. For the most recent quarter (mrq), Quick Ratio is recorded 3.67 and its Current Ratio is at 4.17. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.22.
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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $1160.
On April 11, 2024, Raymond James reiterated its Strong Buy rating and also lowered its target price recommendation from $850 to $1100.
Morgan Stanley reiterated its Overweight rating for the stock on April 10, 2024, while the target price for the stock was revised from $795 to $1000.
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 Apr 05 ’24 when STEVENS MARK A sold 22,700 shares for $879.97 per share. The transaction valued at 19,975,240 led to the insider holds 1,052,133 shares of the business.
PERRY MARK L sold 7,000 shares of NVDA for $6,215,259 on Apr 02 ’24. The Director now owns 116,000 shares after completing the transaction at $887.89 per share. On Mar 28 ’24, another insider, STEVENS MARK A, who serves as the Director of the company, sold 11,000 shares for $905.65 each. As a result, the insider received 9,962,150 and left with 1,074,833 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVDA now has a Market Capitalization of 2100874969088 and an Enterprise Value of 2085947047936. As of this moment, NVIDIA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.40, and their Forward P/E ratio for the next fiscal year is 27.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 34.48 while its Price-to-Book (P/B) ratio in mrq is 48.18. Its current Enterprise Value per Revenue stands at 34.24 whereas that against EBITDA is 60.497.
Stock Price History:
Over the past 52 weeks, NVDA has reached a high of $974.00, while it has fallen to a 52-week low of $262.25. The 50-Day Moving Average of the stock is 0.88%, while the 200-Day Moving Average is calculated to be 49.26%.
Shares Statistics:
NVDA traded an average of 52.56M shares per day over the past three months and 42160770 shares per day over the past ten days. A total of 2.46B shares are outstanding, with a floating share count of 2.40B. Insiders hold about 3.98% of the company’s shares, while institutions hold 67.12% stake in the company. Shares short for NVDA as of 1711584000 were 28356794 with a Short Ratio of 0.54, compared to 1709164800 on 26972659. Therefore, it implies a Short% of Shares Outstanding of 28356794 and a Short% of Float of 1.17999995.
Dividends & Splits
With its trailing 12-month dividend rate of 0.16, NVDA has a forward annual dividend rate of 0.16. The stock’s 5-year Average Dividend Yield is 0.13.
Earnings Estimates
The stock of NVIDIA Corp (NVDA) is currently in the spotlight, with GraniteShares 1.5x Short NVDA D analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $840.35, with high estimates of $5.24 and low estimates of $39.81.
