NVIDIA Corp (NASDAQ: NVDA) – Suitable For Long Term Buy?

Currently, there are 2.47B common shares owned by the public and among those 2.37B shares have been available to trade.

Insiders at the company have transacted a total of 237 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 980,074 shares. Insider sales of the common stock occurred on 193 occasions, with total insider shares sold totaling 1,488,187 shares.

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However, the script later moved the day high at 665.98, up 4.97%. The company’s stock has a 5-day price change of 8.40% and 56.31% over the past three months. NVDA shares are trading 33.60% year to date (YTD), with the 12-month market performance up to 215.91% higher. It has a 12-month low price of $204.21 and touched a high of $634.93 over the same period. NVDA has an average intraday trading volume of 42.26 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 15.19%, 27.54%, and 50.81% respectively.

Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 67.35% of the company’s 2.47B shares outstanding.

It has a market capitalization of $1634.15B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 87.36, 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 2.85% over the week and 3.04% over the month.

Analysts forecast that NVIDIA Corp (NVDA) will achieve an EPS of $4.5 for the current quarter, $4.73 for the next quarter and $20.8 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 269.28%, and 70.95% over the next financial year.

Looking at the support for the NVDA, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $775.

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