After finishing at $791.12 in the prior trading day, NVIDIA Corp (NASDAQ: NVDA) closed at $822.79, up 4.00%. In other words, the price has increased by $+31.67 from its previous closing price. On the day, 47453338 shares were traded. NVDA stock price reached its highest trading level at $823.00 during the session, while it also had its lowest trading level at $794.35.
Ratios:
Our goal is to gain a better understanding of NVDA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 79.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.13. 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, Wolfe Research on February 22, 2024, Reiterated its Outperform rating but revised its target price to $900 from $630 previously.
On February 22, 2024, Wedbush reiterated its Outperform rating and also lowered its target price recommendation from $800 to $850.
UBS reiterated its Buy rating for the stock on February 22, 2024, while the target price for the stock was revised from $850 to $800.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 when STEVENS MARK A sold 5,000 shares for $800.74 per share. The transaction valued at 4,003,700 led to the insider holds 1,119,583 shares of the business.
JONES HARVEY C sold 65,000 shares of NVDA for $53,031,712 on Feb 23. The Director now owns 731,120 shares after completing the transaction at $815.87 per share. On Feb 23, another insider, PERRY MARK L, who serves as the Director of the company, sold 15,000 shares for $796.45 each. As a result, the insider received 11,946,692 and left with 123,000 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 2.06T and an Enterprise Value of 2.04T. As of this moment, NVIDIA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 68.93, and their Forward P/E ratio for the next fiscal year is 27.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.76 while its Price-to-Book (P/B) ratio in mrq is 47.17. Its current Enterprise Value per Revenue stands at 33.53 whereas that against EBITDA is 57.40.
Stock Price History:
Over the past 52 weeks, NVDA has reached a high of $823.94, while it has fallen to a 52-week low of $222.97. The 50-Day Moving Average of the stock is 621.60, while the 200-Day Moving Average is calculated to be 484.29.
Shares Statistics:
The stock has traded on average 46.33M shares per day over the past 3-months and 58.56M shares per day over the last 10 days, according to various share statistics. A total of 2.46B shares are outstanding, with a floating share count of 2.40B. Insiders hold about 4.02% of the company’s shares, while institutions hold 67.16% stake in the company. Shares short for NVDA as of Feb 15, 2024 were 28.14M with a Short Ratio of 0.61, compared to 27.56M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.14% and a Short% of Float of 1.19%.
Dividends & Splits
In the trailing 12 months, NVDA’s forward annual dividend rate was 0.16, compared to 0.16 this year. 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 0.14. 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
Its stock is currently analyzed by 33 different market analysts. On average, analysts expect EPS of $5.5 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 $5.82, with high estimates of $6.61 and low estimates of $5.48.
Analysts are recommending an EPS of between $30 and $22.62 for the fiscal current year, implying an average EPS of $24.43. EPS for the following year is $29.81, with 37 analysts recommending between $41.88 and $24.
Revenue Estimates
35 analysts predict $24.3B in revenue for the current quarter. 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 272.90% from the year-ago figure.
A total of 45 analysts have provided revenue estimates for NVDA’s current fiscal year. The highest revenue estimate was $134.04B, while the lowest revenue estimate was $102.61B, resulting in an average revenue estimate of $109.55B. In the same quarter a year ago, actual revenue was $60.92B, up 79.80% from the average estimate. Based on 42 analysts’ estimates, the company’s revenue will be $133.3B in the next fiscal year. The high estimate is $199.32B and the low estimate is $107.41B. The average revenue growth estimate for next year is up 21.70% from the average revenue estimate for this year.
