Uncovering Institutional Buying In NVIDIA Corp (NASDAQ: NVDA)

Currently, there are 2.46B common shares owned by the public and among those 2.40B shares have been available to trade.

The company’s stock has a 5-day price change of -1.18% and 82.84% over the past three months. NVDA shares are trading 82.46% year to date (YTD), with the 12-month market performance up to 242.13% higher. It has a 12-month low price of $258.50 and touched a high of $974.00 over the same period. NVDA has an average intraday trading volume of 53.44 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 1.66%, 18.50%, and 69.51% respectively.

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Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 67.15% of the company’s 2.46B shares outstanding.

It has a market capitalization of $2258.90B and a beta (3y monthly) value of 1.73. The stock’s trailing 12-month PE ratio is 75.70, while the earnings-per-share (ttm) stands at $11.94. The company has a PEG of 2.00 and a Quick Ratio of 3.67 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.80% over the week and 4.46% over the month.

Analysts forecast that NVIDIA Corp (NVDA) will achieve an EPS of $5.51 for the current quarter, $5.84 for the next quarter and $30.37 for 2026. The lowest estimate earnings-per-share for the quarter is $5.32 while analysts give the company a high EPS estimate of $6.12. Comparatively, EPS for the current quarter was $0.98 a year ago. Earnings per share for the fiscal year are expected to increase by 93.52%, and 19.14% over the next financial year. EPS should shrink at an annualized rate of 37.90% over the next five years, compared to 48.41% over the past 5-year period.

Looking at the support for the NVDA, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on March 22, 2024, with the firm’s price target at $800-$1100. TD Cowen coverage for the NVIDIA Corp (NVDA) stock in a research note released on March 21, 2024 offered a Outperform rating with a price target of $1100. Mizuho was of a view on March 07, 2024 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on February 22, 2024, issuing a price target of $630- $900. Wedbush on their part issued Outperform rating on February 22, 2024.

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