NVIDIA Corp (NASDAQ:NVDA) shares, rose in value, with the stock price up by 3.25% to the previous day’s close as strong demand from buyers drove the stock to $139.19.
Actively observing the price movement in the last trading, the stock closed the session at $134.81. The PE ratio was 44.83 over 12-month period. Referring to stock’s 52-week performance, its high was $153.13, and the low was $86.62. On the whole, NVDA has fluctuated by 27.67% over the past month.
With the market capitalization of NVIDIA Corp currently standing at about $3394.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 0.03%.
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 50% Sell 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 1.51, with the price of NVDA currently trading nearly 9.67% and 20.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.67, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 2.23%. Furthermore, NVIDIA Corp (NVDA)’s beta value is 2.12, and its average true range (ATR) is 4.92.
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 3.25% in last session, and over the past year, it grew by 30.73%%.
Data on historical trading for NVIDIA Corp (NASDAQ:NVDA) indicates that the trading volumes over the past 3 months, they’ve averaged 279.44 million. According to company’s latest data on outstanding shares, there are 24.39 billion shares outstanding.
Nearly 4.09% of NVIDIA Corp’s shares belong to company insiders and institutional investors own 66.40% of the company’s shares. The stock has risen by 3.65% 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.
