NVIDIA Corp (NVDA) Testing Investors’ Patience Right Now

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 0.20% and 60.86% over the past three months. NVDA shares are trading 78.07% year to date (YTD), with the 12-month market performance up to 232.84% higher. It has a 12-month low price of $262.20 and touched a high of $974.00 over the same period. NVDA has an average intraday trading volume of 52.70 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 -1.51%, 7.70%, and 58.57% respectively.

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Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 67.13% of the company’s 2.46B shares outstanding.

It has a market capitalization of $2204.65B and a beta (3y monthly) value of 1.75. The stock’s trailing 12-month PE ratio is 73.88, while the earnings-per-share (ttm) stands at $11.94. The company has a PEG of 1.95 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 3.96% over the week and 3.90% over the month.

Analysts forecast that NVIDIA Corp (NVDA) will achieve an EPS of $NVIDIA Corporation for the current quarter, $881.86 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $NVDS while analysts give the company a high EPS estimate of $Direxion Daily NVDA Bull 1.5X S. Comparatively, EPS for the current quarter was $Direxion Daily NVDA Bear 1X Sha a year ago. Earnings per share for the fiscal year are expected to increase by 93.86%, and 20.58% 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. Raymond James stated their Strong Buy rating for the stock in a research note on April 11, 2024, with the firm’s price target at $850-$1100. Morgan Stanley coverage for the NVIDIA Corp (NVDA) stock in a research note released on April 10, 2024 offered a Overweight rating with a price target of $1000. KeyBanc Capital Markets was of a view on April 08, 2024 that the stock is Overweight, while UBS gave the stock Buy rating on March 22, 2024, issuing a price target of $800- $1100. TD Cowen on their part issued Outperform rating on March 21, 2024.

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