In yesterday’s Wall Street session, NVIDIA Corp (NASDAQ:NVDA) shares traded at $903.63, up 0.01% from the previous session.
NVDA stock price is now 17.45% away from the 50-day moving average and 68.72% away from the 200-day moving average. The market capitalization of the company currently stands at $2259.08B.
With the price target enhanced from $800 to $1100, UBS maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). On March 21, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $900 to quote $1100, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, STEVENS MARK A, Director sold 11,000 shares of the company’s stock on Mar 28 ’24. The stock was sold for $9,962,150 at an average price of $905.65. Upon completion of the transaction, the Director now directly owns 1,074,833 shares in the company, valued at $971.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, Director Dabiri John sold 128 shares of the business’s stock. A total of $120,320 was realized by selling the stock at an average price of $940.00. This leaves the insider owning 2,055 shares of the company worth $1.86 million. 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 $262.20 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 $2.24T, which is based on a 75.70 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for NVDA is $769.35 and a two-hundred day moving average price translates $535.58 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 $5.16, beating analysts’ expectations of $4.63 by 0.53. 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 $24.35B in revenue.
