NVIDIA Corp (NASDAQ:NVDA) shares, rose in value, with the stock price up by 1.13% to the previous day’s close as strong demand from buyers drove the stock to $117.30.
Actively observing the price movement in the last trading, the stock closed the session at $115.99. The PE ratio was 39.90 over 12-month period. Referring to stock’s 52-week performance, its high was $153.13, and the low was $75.61. On the whole, NVDA has fluctuated by 0.55% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $2862.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 0.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 204.1B, with a low estimate of 42.26B and a high estimate of 46.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 43.36B.
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% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.35, with the price of NVDA currently trading nearly -9.38% and -11.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.90, while the 7-day volatility ratio is showing 8.36% which for the 30-day chart, stands at 4.89%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 1.95, and its average true range (ATR) is 7.21.
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 1.13% in last session, and over the past year, it grew by 42.56%%. On the other hand, the price of Broadcom Inc. (AVGO) has risen 2.19%% on the day. The stock, however, is off 41.91% from where it was a year ago. Additionally, there is a gain of 2.61%% for Qualcomm Inc. (QCOM) in last trading while the stock has seen an overall depriciation of -5.60%% over the past year.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 3 months, they’ve averaged 254.83 million. According to company’s latest data on outstanding shares, there are 24.48 billion shares outstanding.
Nearly 3.98% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 66.32% of the company’s shares. The stock has fallen by -12.65% 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.
