NVIDIA Corp (NASDAQ:NVDA) shares, rose in value, with the stock price down by -4.72% to the previous day’s close as strong demand from buyers drove the stock to $132.76.
Actively observing the price movement in the last trading, the stock closed the session at $139.34, falling within a range of $132.113 and $137.61. The value of beta (5-year monthly) was 1.669 whereas the PE ratio was 62.33 over 12-month period. Referring to stock’s 52-week performance, its high was $144.42, and the low was $39.23. On the whole, NVDA has fluctuated by 11.70% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $3256.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 0.08%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 125.62B, with a low estimate of 32.07B and a high estimate of 34.98B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 32.9B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVDA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.77, with the price of NVDA currently trading nearly -2.77% and 6.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.18, while the 7-day volatility ratio is showing 2.75% which for the 30-day chart, stands at 3.05%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 1.66, and its average true range (ATR) is 4.68.
A comparison of NVIDIA Corp (NVDA) with its peers suggests the former has fared considerably weaker in the market. NVDA showed an intraday change of -4.72% in last session, and over the past year, it grew by 225.55%%.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 10 days have averaged 211.01 and over the past 3 months, they’ve averaged 310.92 million. According to company’s latest data on outstanding shares, there are 24.64 billion shares outstanding.
Nearly 3.98% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 65.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 255.84 million shares as on 2024-10-15, resulting in a short ratio of 0.93. According to the data, the short interest in NVIDIA Corp (NVDA) stood at 109.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 275.33 million. The stock has risen by 168.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVDA stock heading into the next quarter.
