In the last trading session, 283.46 million shares of the NVIDIA Corp (NASDAQ:NVDA) were traded, and its beta was 1.66. Most recently the company’s share price was $132.89, and it changed around $5.17 or 4.05% from the last close, which brings the market valuation of the company to $3259.79B. NVDA currently trades at a discount to its 52-week high of $140.76, offering almost -5.92% off that amount. The share price’s 52-week low was $39.23, which indicates that the current value has risen by an impressive 70.48% since then. We note from NVIDIA Corp’s average daily trading volume that its 10-day average is 276.03 million shares, with the 3-month average coming to 326.83 million.
NVIDIA Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.29. If we narrow it down even further, the data shows that 1 out of 38 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 15 recommended NVDA as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight. NVIDIA Corp is expected to report earnings per share of 0.74 for the current quarter.
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NVIDIA Corp (NASDAQ:NVDA) trade information
Instantly NVDA has showed a green trend with a performance of 4.05% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 133.48 on recent trading dayincreased the stock’s daily price by 0.44%. The company’s shares are currently up 168.35% year-to-date, but still up 13.58% over the last five days. On the other hand, NVIDIA Corp (NASDAQ:NVDA) is 24.81% up in the 30-day period. We can see from the shorts that 275.33 million shares have been sold at a short interest cover period of 0.8 day(s).
The consensus price target as assigned by Wall Street analysts is $127.5, which translates to bulls needing to decrease their stock price by -4.23% from its current value. Analyst projections state that NVDA is forecast to be at a low of $13.3 and a high of $220.
NVIDIA Corp (NVDA) estimates and forecasts
NVIDIA Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 55.69 percent over the past six months and at a 116.15% annual growth rate that is well above the industry average of -21.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 100.00% in revenue this quarter, and will report an increase of 70.20% in the next quarter. The year-over-year growth rate is expected to be 125.30%, up from the previous year.
Consensus estimates provided by 39 financial analysts predict the company will bring in an average of 32.86B in revenue for the current quarter. 39 analysts expect NVIDIA Corp to make 36.45B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 64.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 48.40%. NVIDIA Corp earnings are expected to increase by 119.34% in 2024, but the outlook is positive 35.15% per year for the next five years.
NVDA Dividends
NVIDIA Corp’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.08 percent and its annual dividend per share was 0.10. It is important to note, however, that the 0.08% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.1 per year.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.29% of NVIDIA Corp shares, and 66.85% of them are in the hands of institutional investors. The stock currently has a share float of 69.85%. NVIDIA Corp stock is held by 5807.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7116% of the shares, which is about 2.14 billion shares worth $264.97 billion.
BLACKROCK INC., with 7.4706% or 1.84 billion shares worth $227.22 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
