NVIDIA Corp (NASDAQ: NVDA) Loses -1.99% From High. Why That Could Change?

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 2.57% and 26.84% over the past three months. NVDA shares are trading 185.81% year to date (YTD), with the 12-month market performance up to 238.78% higher. It has a 12-month low price of $39.23 and touched a high of $144.42 over the same period. NVDA has an average intraday trading volume of 322.81 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 6.54%, 13.82%, and 37.86% respectively.

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Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 65.54% of the company’s 24.64B shares outstanding.

It has a market capitalization of $3471.98B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 66.45, while the earnings-per-share (ttm) stands at $2.13. The company has a PEG of 1.89 and a Quick Ratio of 3.79 with the debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 3.29% over the month.

Earnings per share for the fiscal year are expected to increase by 119.59%, and 42.91% over the next financial year. EPS should shrink at an annualized rate of 35.20% 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. BofA Securities stated their Buy rating for the stock in a research note on October 18, 2024, with the firm’s price target at $165-$190. Goldman coverage for the NVIDIA Corp (NVDA) stock in a research note released on October 11, 2024 offered a Buy rating with a price target of $150. William Blair was of a view on September 18, 2024 that the stock is Outperform, while Needham gave the stock Buy rating on August 29, 2024, issuing a price target of $120- $145. Goldman on their part issued Buy rating on August 19, 2024.

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