NVIDIA Corp (NASDAQ:NVDA) shares, rose in value on Thursday, February 13, with the stock price up by 3.16% to the previous day’s close as strong demand from buyers drove the stock to $135.29.
Actively observing the price movement in the last trading, the stock closed the session at $131.14. The PE ratio was 53.29 over 12-month period. Referring to stock’s 52-week performance, its high was $153.13, and the low was $66.25. On the whole, NVDA has fluctuated by 2.68% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $3313.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 0.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 129.23B, with a low estimate of 37.5B and a high estimate of 42.15B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 38.13B.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.87, with the price of NVDA currently trading nearly 3.42% and 0.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.52, while the 7-day volatility ratio is showing 3.47% which for the 30-day chart, stands at 4.58%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 1.77, and its average true range (ATR) is 6.34.
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 3.16% in last session, and over the past year, it grew by 87.26%%.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 3 months, they’ve averaged 244.27 million. According to company’s latest data on outstanding shares, there are 24.51 billion shares outstanding.
Nearly 4.01% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 65.82% of the company’s shares. The stock has risen by 0.74% 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.
