NVIDIA Corp (NASDAQ:NVDA) shares, rose in value on Thursday, November 21, with the stock price up by 0.53% to the previous day’s close as strong demand from buyers drove the stock to $146.67.
Actively observing the price movement in the last trading, the stock closed the session at $145.89, falling within a range of $140.7 and $152.89. The value of beta (5-year monthly) was 1.657 whereas the PE ratio was 57.77 over 12-month period. Referring to stock’s 52-week performance, its high was $149.77, and the low was $45.01. On the whole, NVDA has fluctuated by 5.09% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $3597.82 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 0.07%.
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 100% 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 1.65, with the price of NVDA currently trading nearly 2.67% and 9.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.35, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 3.06%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 1.66, and its average true range (ATR) is 5.30.
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 0.53% in last session, and over the past year, it grew by 193.67%%.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 10 days have averaged 216.0 and over the past 3 months, they’ve averaged 272.09 million. According to company’s latest data on outstanding shares, there are 24.64 billion shares outstanding.
Nearly 3.99% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 65.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 246.4 million shares as on 2024-10-31, resulting in a short ratio of 1.01. According to the data, the short interest in NVIDIA Corp (NVDA) stood at 105.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 251.09 million. The stock has risen by 196.17% 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.