In yesterday’s Wall Street session, NVIDIA Corp (NASDAQ:NVDA) shares traded at $871.33, down -0.99% from the previous session.
NVDA stock price is now 9.14% away from the 50-day moving average and 59.28% away from the 200-day moving average. The market capitalization of the company currently stands at $2178.33B.
With the price target enhanced from $1100 to $1200, KeyBanc Capital Markets maintained Overweight rating for NVIDIA Corp (NASDAQ: NVDA). On March 22, 2024, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $800 to quote $1100, while ‘TD Cowen’ rates the stock as ‘Outperform’
In other news, PERRY MARK L, Director sold 7,000 shares of the company’s stock on Apr 02 ’24. The stock was sold for $6,215,259 at an average price of $887.89. Upon completion of the transaction, the Director now directly owns 116,000 shares in the company, valued at $101.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’24, Director STEVENS MARK A sold 11,000 shares of the business’s stock. A total of $9,962,150 was realized by selling the stock at an average price of $905.65. This leaves the insider owning 1,074,833 shares of the company worth $936.53 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 $2.16T, which is based on a 73.00 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.75. The fifty day moving average price for NVDA is $803.50 and a two-hundred day moving average price translates $549.26 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 $4.76, beating analysts’ expectations of $4.27 by 0.49. 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 $22.47B in revenue.
