NVIDIA Corp (NASDAQ: NVDA) Loses -5.20% 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 -3.83% and 9.22% over the past three months. NVDA shares are trading 186.70% year to date (YTD), with the 12-month market performance up to 190.42% higher. It has a 12-month low price of $45.01 and touched a high of $149.77 over the same period. NVDA has an average intraday trading volume of 275.62 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 -0.18%, 8.41%, and 30.39% respectively.

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Institutional ownership of NVIDIA Corp (NASDAQ: NVDA) shares accounts for 65.19% of the company’s 24.64B shares outstanding.

It has a market capitalization of $3369.33B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 66.66, while the earnings-per-share (ttm) stands at $2.13. The company has a PEG of 1.90 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 2.92% over the week and 2.64% over the month.

Earnings per share for the fiscal year are expected to increase by 120.91%, and 47.39% over the next financial year. EPS should shrink at an annualized rate of 35.00% 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. Oppenheimer stated their Outperform rating for the stock in a research note on November 14, 2024, with the firm’s price target at $150-$175. Redburn Atlantic coverage for the NVIDIA Corp (NVDA) stock in a research note released on November 12, 2024 offered a Buy rating with a price target of $178. BofA Securities was of a view on October 18, 2024 that the stock is Buy, while Goldman gave the stock Buy rating on October 11, 2024, issuing a price target of $135- $150. William Blair on their part issued Outperform rating on September 18, 2024.

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