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NVIDIA Corporation (NASDAQ: NVDA) Is Currently -10.35 Percent Below Its 52-Week High, But It Still Offers Strong Upside Potential.

NVIDIA Corporation (NASDAQ:NVDA)’s traded shares stood at 23.93 million during the latest session, with the company’s beta value hitting 1.75. At the last check today, the stock’s price was $262.31, to imply an increase of 2.70% or $6.9 in intraday trading. The NVDA share’s 52-week high remains $289.46, putting it -10.35% down since that peak but still an impressive 58.78% since price per share fell to its 52-week low of $108.13. The company has a valuation of $643.80B, with an average of 48.58 million shares in intraday trading volume over the past 10 days and average of 48.40 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for NVIDIA Corporation (NVDA), translating to a mean rating of 2.10. Of 45 analyst(s) looking at the stock, 2 analyst(s) give NVDA a Sell rating. 3 of those analysts rate the stock as Overweight while 12 advise Hold as 28 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.81.

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NVIDIA Corporation (NASDAQ:NVDA) trade information

After registering a 2.70% upside in the latest session, NVIDIA Corporation (NVDA) has traded red over the past five days. The stock hit a weekly high of 263.93 this Thursday, 03/16/23, jumping 2.70% in its intraday price action. The 5-day price performance for the stock is 14.22%, and 15.23% over 30 days. With these gigs, the year-to-date price performance is 79.49%. Short interest in NVIDIA Corporation (NASDAQ:NVDA) saw shorts transact 38.14 million shares and set a 0.89 days time to cover.

NVIDIA Corporation (NVDA) estimates and forecasts

Looking at statistics comparing NVIDIA Corporation share performance against respective industry, we note that the company has outperformed competitors. NVIDIA Corporation (NVDA) shares are 102.89% up over the last 6 months, with its year-to-date growth rate higher than industry average at 34.13% against -11.00%. Revenue is forecast to shrink -38.60% this quarter before falling -36.80% for the next one.

Revenue forecast for the current quarter as set by 28 analysts is $6.01 billion. Meanwhile, for the quarter ending Apr 2023, a total of 27 analyst(s) estimate revenue growth to $6.37 billion.Earnings reports from the last fiscal year show that sales brought in $7.64 billion and $8.29 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -21.40% before dropping -23.20% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.60% for the past 5-year period. While 2023 is set for a -54.70% return in earnings, projections for the next 5 years are at 19.11% annually.

NVDA Dividends

NVIDIA Corporation has its next earnings report out between May 23 and May 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. NVIDIA Corporation has a forward dividend ratio of 0.16, with the share yield ticking at 0.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

NVIDIA Corporation (NASDAQ:NVDA)’s Major holders

NVIDIA Corporation insiders hold 4.21% of total outstanding shares, with institutional holders owning 67.04% of the shares at 69.99% float percentage. In total, 67.04% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 203.75 million shares (or 8.18% of shares), all amounting to roughly $24.73 billion.

The next major institution holding the largest number of shares is Blackrock Inc. with 176.41 million shares, or about 7.08% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $21.41 billion.

We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the NVIDIA Corporation (NVDA) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 70.85 million shares. This is just over 2.85% of the total shares, with a market valuation of $8.6 billion. Data from the same date shows that the other fund manager holds a little less at 56.76 million, or 2.28% of the shares, all valued at about 6.89 billion.

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