NVIDIA Corp (NASDAQ:NVDA) shares, rose in value, with the stock price down by -3.44% to the previous day’s close as strong demand from buyers drove the stock to $859.05.
Actively observing the price movement in the last trading, the stock closed the session at $889.64. The value of beta (5-year monthly) was 1.74 whereas the PE ratio was 71.97 over 12-month period. Referring to stock’s 52-week performance, its high was $974.00, and the low was $262.20. On the whole, NVDA has fluctuated by -0.07% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $2147.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 22, 2024 – May 27, 2024. The company’s Forward Dividend Ratio is 0.16, with its dividend yield at 0.02%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $5.52, which is expected to increase to $6.61 for fiscal year $24.44 and then to about $30.37 by fiscal year 2026. Data indicates that the EPS growth is expected to be 103.00% in 2026, while the next year’s EPS growth is forecast to be 24.30%.
Analysts have estimated the company’s revenue for the quarter at $22.64 billion, with a low estimate of $21.97 billion and a high estimate of $24.95 billion. According to the average forecast, sales growth in current quarter could jump up 247.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $102.68 billion, representing an increase of 81.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that NVDA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.90, with the price of NVDA currently trading nearly -4.77% and 9.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.82, while the 7-day volatility ratio is showing 3.27% which for the 30-day chart, stands at 4.47%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 1.75, and its average true range (ATR) is 35.83.
A comparison of NVIDIA Corp (NVDA) with its peers suggests the former has fared considerably weaker in the market. NVDA showed an intraday change of -3.44% in last session, and over the past year, it grew by 207.19%%.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 10 days have averaged 48.87 million and over the past 3 months, they’ve averaged 53.96 million. According to company’s latest data on outstanding shares, there are 2.46 billion shares outstanding.
Nearly 3.98% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 67.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.32 million shares as on Mar 15, 2024, resulting in a short ratio of 0.49. According to the data, the short interest in NVIDIA Corp (NVDA) stood at 1.21% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 28.14 million. The stock has risen by 73.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVDA stock heading into the next quarter.
