NVIDIA Corp (NASDAQ:NVDA) shares traded 3.15% higher at $121.41 on Wall Street last session.
NVDA stock price is now -4.07% away from the 50-day moving average and -4.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2962.40B.
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, Shah Aarti S., Director sold 20,000 shares of the company’s stock on Mar 20 ’25. The stock was sold for $2,368,377 at an average price of $118.42. Upon completion of the transaction, the Director now directly owns 53,208 shares in the company, valued at $6.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’25, EVP & Chief Financial Officer Kress Colette sold 66,660 shares of the business’s stock. A total of $7,787,993 was realized by selling the stock at an average price of $116.83. This leaves the insider owning 3,085,765 shares of the company worth $374.64 million. A total of 4.00% 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.
