NVIDIA Corp (NASDAQ:NVDA) shares traded -5.07% lower at $106.98 on Wall Street last session.
NVDA stock price is now -18.43% away from the 50-day moving average and -15.98% away from the 200-day moving average. The market capitalization of the company currently stands at $2610.31B.
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On November 21, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $165 to quote $185, while ‘Truist’ rates the stock as ‘Buy’
In other news, Dabiri John, Director bought 2,663 shares of the company’s stock on Mar 10 ’25. The stock was bought for $292,930 at an average price of $110.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, EVP, Worldwide Field Ops Puri Ajay K sold 36,462 shares of the business’s stock. A total of $5,509,502 was realized by selling the stock at an average price of $151.10. This leaves the insider owning 3,902,888 shares of the company worth $417.53 million. A total of 3.99% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $75.61 and a high of $153.13. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.44, and a quick ratio of 3.88.
The net profit margin was 55.85% and return on equity was 119.18% for NVDA. The company reported revenue of $39.33 billion for the quarter, compared to $22.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.94 percent.
