With over 38.83 million NVIDIA Corp (NVDA) shares trading Friday and a closing price of $495.22 on the day, the dollar volume was approximately $19.23 billion. Currently, there are 2.47B common shares owned by the public and among those 2.37B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 52 analysts who have offered their price forecasts for NVDA have a consensus price objective of $668.11. The analysts have set the share’s price value over the next 12 months at a high of $1100.00 and a low of $535.00. The average price target is 25.88% above its recent price level and an upside to the estimated low will see the stock gain 7.44% over that period. But an upside of 54.98% will see the stock hit the forecast high price target while median target price for the stock is $650.00.
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Insiders at the company have transacted a total of 247 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 999,643 shares. Insider sales of the common stock occurred on 202 occasions, with total insider shares sold totaling 1,817,029 shares.
Shares of NVIDIA Corp (NASDAQ: NVDA) opened at $498.13, up $2.91 from a prior closing price of $495.22. The company’s stock has a 5-day price change of 1.09% and 13.85% over the past three months. NVDA shares are trading 238.87% year to date (YTD), with the 12-month market performance up to 252.82% higher. It has a 12-month low price of $140.34 and touched a high of $505.48 over the same period. NVDA has an average intraday trading volume of 42.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.32%, 6.41%, and 22.36% respectively.
Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 67.61% of the company’s 2.47B shares outstanding.
It has a market capitalization of $1223.19B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 65.39, while the earnings-per-share (ttm) stands at $7.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 2.50% over the month.
Analysts forecast that NVIDIA Corp (NVDA) will achieve an EPS of $4.49 for the current quarter, $4.71 for the next quarter and $20.5 for 2025. The lowest estimate earnings-per-share for the quarter is $4.33 while analysts give the company a high EPS estimate of $4.75. Comparatively, EPS for the current quarter was $0.88 a year ago. Earnings per share for the fiscal year are expected to increase by 266.96%, and 69.59% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 52 brokerage firm advisors rate NVIDIA Corp (NVDA) as a “Strong Buy” at a consensus score of 1.25. Specifically, 42 Wall Street analysts polled rate the stock as a buy, while 3 of the 52 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NVDA, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on November 22, 2023, with the firm’s price target at $600-$675.
