NVIDIA Corp (NASDAQ: NVDA) Has Another Chance To Impress You

Currently, there are 24.64B common shares owned by the public and among those 23.55B shares have been available to trade.

The company’s stock has a 5-day price change of -2.35% and 38.43% over the past three months. NVDA shares are trading 155.58% year to date (YTD), with the 12-month market performance up to 194.04% higher. It has a 12-month low price of $39.23 and touched a high of $140.76 over the same period. NVDA has an average intraday trading volume of 441.75 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 6.51%, 26.33%, and 83.39% respectively.

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Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 66.90% of the company’s 24.64B shares outstanding.

It has a market capitalization of $3113.62B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 74.04, while the earnings-per-share (ttm) stands at $1.71. The company has a PEG of 1.60 and a Quick Ratio of 3.14 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.96% over the week and 4.21% over the month.

Earnings per share for the fiscal year are expected to increase by 108.25%, and 33.42% over the next financial year. EPS should shrink at an annualized rate of 46.35% over the next five years, compared to 48.40% over the past 5-year period.

Looking at the support for the NVDA, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on June 18, 2024, with the firm’s price target at $140-$200. BofA Securities coverage for the NVIDIA Corp (NVDA) stock in a research note released on June 03, 2024 offered a Buy rating with a price target of $1500. DZ Bank was of a view on May 24, 2024 that the stock is Hold, while Wolfe Research gave the stock Outperform rating on May 23, 2024, issuing a price target of $1200- $1250. Wells Fargo on their part issued Overweight rating on May 23, 2024.

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