NVIDIA Corp (NASDAQ:NVDA) has a beta value of 1.72 and has seen 64.92 million shares traded in the last trading session. The company, currently valued at $2211.37B, closed the last trade at $884.55 per share which meant it gained $6.19 on the day or 0.70% during that session. The NVDA stock price is -10.11% off its 52-week high price of $974.00 and 72.99% above the 52-week low of $238.94. If we look at the company’s 10-day average daily trading volume, we find that it stood at 67.31 million shares traded. The 3-month trading volume is 50.66 million shares.
NVIDIA Corp (NASDAQ:NVDA) trade information
Sporting 0.70% in the green in last session, the stock has traded in the green over the last five days, when the NVDA stock price touched $884.55 or saw a rise of 4.27%. Year-to-date, NVIDIA Corp shares have moved 78.62%, while the 5-day performance has seen it change 3.13%. Over the past 30 days, the shares of NVIDIA Corp (NASDAQ:NVDA) have changed 21.74%. Short interest in the company has seen 26.97 million shares shorted with days to cover at 0.5.
NVIDIA Corp (NVDA) estimates and forecasts
Figures show that NVIDIA Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 101.49% over the past 6 months, with this year growth rate of 81.25%, compared to 1.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 414.30% and 97.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 80.10%.
35 analysts offering their estimates for the company have set an average revenue estimate of $22.3 billion for the current quarter. 35 have an estimated revenue figure of $23.97 billion for the next quarter concluding in Jul 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 48.41% over the past 5 years. Earnings growth for 2024 is a modest 93.52% while over the next 5 years, the company’s earnings are expected to increase by 36.09%.
NVDA Dividends
NVIDIA Corp is expected to release its next earnings report between May 22 and May 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.16 at a share yield of 0.02%. The company’s dividend yield has gone up over the past 12 months.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
Insiders own 4.01% of the company shares, while shares held by institutions stand at 68.05% with a share float percentage of 70.89%. Investors are also buoyed by the number of investors in a company, with NVIDIA Corp having a total of 5,148 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 201.39 million shares worth more than $85.19 billion. As of Jun 29, 2023, Vanguard Group Inc held 8.15% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 182.1 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $77.03 billion and represent 7.37% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.97% shares in the company for having 73.27 million shares of worth $31.0 billion while later fund manager owns 58.88 million shares of worth $24.91 billion as of Jun 29, 2023, which makes it owner of about 2.38% of company’s outstanding stock.
