NVIDIA Corp (NASDAQ:NVDA) price closed lower on Friday, April 12, dropping -2.68% below its previous close.
A look at the daily price movement shows that the last close reads $906.16. The company’s 5Y monthly beta was ticking 1.74 while its P/E ratio in the trailing 12-month period read 73.88. Taking into account the 52-week price action we note that the stock hit a 52-week high of $974.00 and 52-week low of $262.20. The stock subtracted -2.97% on its value in the past month.
NVIDIA Corp, which has a market valuation of $2204.65 billion, is expected to release its quarterly earnings report May 22, 2024 – May 27, 2024. The company stock has a Forward Dividend ratio of 0.16, while the dividend yield is 0.02%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NVDA a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.95. The overview shows that NVDA’s price is at present -1.51% off the SMA20 and 7.70% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.69, with weekly volatility standing at 3.96%. The indicator jumps to 3.90% when calculated based on the past 30 days. NVIDIA Corp (NASDAQ:NVDA)’s beta value is holding at 1.75, while the average true range (ATR) indicator is currently reading 35.00. An analysis of the NVIDIA Corp (NASDAQ:NVDA) stock in terms of its daily trading volume indicates that the 3-month average is 52.70 million.
Current records show that the company has 2.46B in outstanding shares. The insiders’ percentage holdings are 3.98% of outstanding shares while the percentage share held by institutions stands at 67.13%. But the 78.07% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
