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The closing price of NVIDIA Corp (NASDAQ: NVDA) was $795.18 for the day, up 4.35% from the previous closing price of $762.00. In other words, the price has increased by $4.35 from its previous closing price. On the day, 59.36 million shares were traded. NVDA stock price reached its highest trading level at $800.7 during the session, while it also had its lowest trading level at $764.0.
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 76.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.57. 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 1987950018560 and an Enterprise Value of 1973021966336. As of this moment, NVIDIA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 66.62, and their Forward P/E ratio for the next fiscal year is 26.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 32.63 while its Price-to-Book (P/B) ratio in mrq is 45.59. Its current Enterprise Value per Revenue stands at 32.386 whereas that against EBITDA is 57.222.
Stock Price History:
The Beta on a monthly basis for NVDA is 1.78, which has changed by 2.030296 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. 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 -5.39%, while the 200-Day Moving Average is calculated to be 39.77%.
Shares Statistics:
NVDA traded an average of 53.05M shares per day over the past three months and 50149970 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 67.10% stake in the company. Shares short for NVDA as of 1711584000 were 28356794 with a Short Ratio of 0.53, 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. The current Payout Ratio is 1.34% for NVDA, which recently paid a dividend on 2024-03-05 with an ex-dividend date of 1709596800. Stock splits for the company last occurred on 2021-07-20 when the company split stock in a 4:1 ratio.
Earnings Estimates
The stock of NVIDIA Corp (NVDA) is currently in the spotlight, with 35 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $5.53 for the current quarter, with a high estimate of $6.12 and a low estimate of $5.32, while EPS last year was $0.98. The consensus estimate for the next quarter is $5.88, with high estimates of $6.61 and low estimates of $5.48.
Analysts are recommending an EPS of between $30 and $19.43 for the fiscal current year, implying an average EPS of $24.53. EPS for the following year is $30.66, with 41 analysts recommending between $46.37 and $23.51.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 36 analysts. It ranges from a high estimate of $26.87B to a low estimate of $23.66B. As of the current estimate, NVIDIA Corp’s year-ago sales were $6.52B, an estimated increase of 275.10% from the year-ago figure.
A total of 51 analysts have provided revenue estimates for NVDA’s current fiscal year. The highest revenue estimate was $132.39B, while the lowest revenue estimate was $94.13B, resulting in an average revenue estimate of $110.61B. In the same quarter a year ago, actual revenue was $60.92B, up 81.60% from the average estimate. Based on 48 analysts’ estimates, the company’s revenue will be $137.62B in the next fiscal year. The high estimate is $202.39B and the low estimate is $111.34B. The average revenue growth estimate for next year is up 24.40% from the average revenue estimate for this year.
