NVIDIA Corp (NASDAQ:NVDA) price on Wednesday, May 09, fall -0.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $904.12.
A look at the stock’s price movement, the close in the last trading session was $905.54. The PE ratio in trailing twelve months stood at 75.74. Turning to its 52-week performance, $974.00 and $280.46 were the 52-week high and 52-week low respectively. Overall, NVDA moved 5.93% over the past month.
NVIDIA Corp’s market cap currently stands at around $2260.30 billion. The company has a Forward Dividend ratio of 0.16, with its dividend yield at 0.02%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 24.49B for the company’s revenue for the quarter, with a low and high estimate of 23.66B and 26.87B respectively. The average forecast suggests up to a 275.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 111.96B, representing a 83.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NVDA is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.00, with NVDA’s current price about 5.70% and 3.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.52, while 7-day volatility ratio is 2.97% and 4.52% in the 30-day chart. Further, NVIDIA Corp (NVDA) has a beta value of 1.66, and an average true range (ATR) of 37.13.
If we refocus on NVIDIA Corp (NASDAQ:NVDA), historical trading data shows that trading volumes averaged 52.82 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.46 billion shares.
The 3.98% of NVIDIA Corp’s shares are in the hands of company insiders while institutional holders own 66.85% of the company’s shares. Current price change has pushed the stock 82.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NVDA stock continues to rise going into the next quarter.
