Stocks of NVIDIA Corp (NASDAQ:NVDA) traded higher last session on Wall Street, up 0.70% to $884.55.
NVDA stock price is now 26.24% away from the 50-day moving average and 72.79% away from the 200-day moving average. The market capitalization of the company currently stands at $2211.37B.
With the price target enhanced from $850 to $1000, Mizuho maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). On February 22, 2024, Wolfe Research reiterated its ‘Outperform’ rating on the stock by increasing its target price from $630 to quote $900, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, STEVENS MARK A, Director sold 21,750 shares of the company’s stock on Mar 07 ’24. The stock was sold for $19,995,508 at an average price of $919.33. Upon completion of the transaction, the Director now directly owns 1,085,833 shares in the company, valued at $960.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Director COXE TENCH sold 200,000 shares of the business’s stock. A total of $170,020,366 was realized by selling the stock at an average price of $850.10. This leaves the insider owning 3,097,136 shares of the company worth $2.74 billion. A total of 3.98% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $238.94 and a high of $974.00. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 4.17, and a quick ratio of 3.67. According to the stock market information, the enterprise value for the company is $2.18T, which is based on a 74.10 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 1.72. The fifty day moving average price for NVDA is $708.78 and a two-hundred day moving average price translates $514.46 for the stock.
The latest earnings results from NVIDIA Corp (NASDAQ: NVDA) was released for Jan, 2024. According to the Semiconductors Company, earnings per share came in at $4.73, beating analysts’ expectations of $4.25 by 0.48. This compares to $0.57 EPS in the same period last year. The net profit margin was 48.85% and return on equity was 91.46% for NVDA. The company reported revenue of $22.1 billion for the quarter, compared to $6.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 265.28 percent. For the current quarter, analysts expect NVDA to generate $22.3B in revenue.
