During the recent session, NVIDIA Corp (NASDAQ:NVDA)’s traded shares were 113.4 million, with the beta value of the company hitting 1.70. At the last check today, the stock’s price was $104.90, reflecting an intraday loss of -0.07% or -$0.07. The 52-week high for the NVDA share is $140.76, that puts it down -34.18 from that peak though still a striking 62.6% gain since the share price plummeted to a 52-week low of $39.23. The company’s market capitalization is $2580.54B, and the average intraday trading volume over the past 10 days was 427.07 million shares, and the average trade volume was 377.67 million shares over the past three months.
NVIDIA Corp (NVDA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.31. NVDA has a Sell rating from 2 analyst(s) out of 47 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 40 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.64.
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NVIDIA Corp (NASDAQ:NVDA) trade information
NVIDIA Corp (NVDA) registered a -0.07% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.07% in intraday trading to $104.90, hitting a weekly high. The stock’s 5-day price performance is -2.21%, and it has moved by -17.66% in 30 days. Based on these gigs, the overall price performance for the year is 146.51%. The short interest in NVIDIA Corp (NASDAQ:NVDA) is 280.3 million shares and it means that shorts have 0.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $120, which implies an increase of 12.58% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.3 and $1275 respectively. As a result, NVDA is trading at a discount of -1115.44% off the target high and 87.32% off the low.
NVIDIA Corp (NVDA) estimates and forecasts
Statistics show that NVIDIA Corp has outperformed its competitors in share price, compared to the industry in which it operates. NVIDIA Corp (NVDA) shares have gone up 50.63% during the last six months, with a year-to-date growth rate more than the industry average at 106.92% against -18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 137.00% this quarter and then jump 75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 98.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 28.52B as predicted by 40 analyst(s). Meanwhile, a consensus of 39 analyst(s) estimates revenue growth to 31.38B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 48.40%. While earnings are projected to return 109.03% in 2024, the next five years will return 46.35% per annum.
NVDA Dividends
NVIDIA Corp is due to release its next quarterly earnings 2024-Aug-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NVIDIA Corp is 0.02, with the dividend yield indicating at 0.02 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.11%.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
NVIDIA Corp insiders own 4.29% of total outstanding shares while institutional holders control 67.33%, with the float percentage being 70.35%. VANGUARD GROUP INC is the largest shareholder of the company, while 5711.0 institutions own stock in it. As of 2024-03-31, the company held over 213.34 million shares (or 8.6511% of all shares), a total value of $192.76 billion in shares.
The next largest institutional holding, with 182.24 million shares, is of BLACKROCK INC.’s that is approximately 7.3901% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $164.66 billion.
