The closing price of NVIDIA Corp (NASDAQ: NVDA) was $871.33 for the day, down -0.99% from the previous closing price of $880.08. In other words, the price has decreased by -$8.75 from its previous closing price. On the day, 28207223 shares were traded.
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 83.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.62. 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, KeyBanc Capital Markets on April 08, 2024, Reiterated its Overweight rating but revised its target price to $1200 from $1100 previously.
On March 22, 2024, UBS reiterated its Buy rating and also lowered its target price recommendation from $800 to $1100.
TD Cowen reiterated its Outperform rating for the stock on March 21, 2024, while the target price for the stock was revised from $900 to $1100.
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 02 ’24 when PERRY MARK L sold 7,000 shares for $887.89 per share. The transaction valued at 6,215,259 led to the insider holds 116,000 shares of the business.
STEVENS MARK A sold 11,000 shares of NVDA for $9,962,150 on Mar 28 ’24. The Director now owns 1,074,833 shares after completing the transaction at $905.65 per share. On Mar 25 ’24, another insider, Dabiri John, who serves as the Director of the company, sold 128 shares for $940.00 each. As a result, the insider received 120,320 and left with 2,055 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 2.18T and an Enterprise Value of 2.16T. As of this moment, NVIDIA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.00, and their Forward P/E ratio for the next fiscal year is 28.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.76 while its Price-to-Book (P/B) ratio in mrq is 49.95. Its current Enterprise Value per Revenue stands at 35.51 whereas that against EBITDA is 60.80.
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 $262.20. The 50-Day Moving Average of the stock is 803.50, while the 200-Day Moving Average is calculated to be 549.26.
Shares Statistics:
NVDA traded an average of 54.14M shares per day over the past three months and 44.59M 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 67.14% stake in the company. Shares short for NVDA as of Mar 15, 2024 were 30.32M with a Short Ratio of 0.56, compared to 28.14M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.21% and a Short% of Float of 1.26%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.16, NVDA has a forward annual dividend rate of 0.16. Against a Trailing Annual Dividend Yield of 0.02%, it implies a Forward Annual Dividend Yield of 0.02%. 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 Mar 27, 2024 with an ex-dividend date of Mar 05, 2024. Stock splits for the company last occurred on Jul 20, 2021 when the company split stock in a 4:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 34 analysts. On average, analysts expect EPS of $5.09 for the current quarter, with a high estimate of $5.64 and a low estimate of $4.9, while EPS last year was $0.98. The consensus estimate for the next quarter is $5.4, with high estimates of $6.09 and low estimates of $5.05.
Analysts are recommending an EPS of between $27.65 and $17.91 for the fiscal current year, implying an average EPS of $22.52. EPS for the following year is $27.99, with 40 analysts recommending between $38.57 and $21.67.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 35 analysts. It ranges from a high estimate of $24.77B to a low estimate of $21.81B. As of the current estimate, NVIDIA Corp’s year-ago sales were $6.52B, an estimated increase of 244.70% from the year-ago figure.
A total of 50 analysts have provided revenue estimates for NVDA’s current fiscal year. The highest revenue estimate was $122.03B, while the lowest revenue estimate was $86.76B, resulting in an average revenue estimate of $101.68B. In the same quarter a year ago, actual revenue was $56.15B, up 81.10% from the average estimate. Based on 47 analysts’ estimates, the company’s revenue will be $125.99B in the next fiscal year. The high estimate is $183.13B and the low estimate is $102.62B. The average revenue growth estimate for next year is up 23.90% from the average revenue estimate for this year.
