During the recent session, NVIDIA Corp (NASDAQ:NVDA)’s traded shares were 42.13 million, with the beta value of the company hitting 1.66. At the last check today, the stock’s price was $134.94, reflecting an intraday gain of 0.10% or $0.13. The 52-week high for the NVDA share is $140.76, that puts it down -4.31 from that peak though still a striking 70.93% gain since the share price plummeted to a 52-week low of $39.23. The company’s market capitalization is $3310.15B, and the average intraday trading volume over the past 10 days was 266.19 million shares, and the average trade volume was 326.84 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 1.29. 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 0.74.
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NVIDIA Corp (NASDAQ:NVDA) trade information
NVIDIA Corp (NVDA) registered a 0.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.10% in intraday trading to $134.94, hitting a weekly high. The stock’s 5-day price performance is 8.02%, and it has moved by 13.26% in 30 days. Based on these gigs, the overall price performance for the year is 188.30%. The short interest in NVIDIA Corp (NASDAQ:NVDA) is 251.09 million shares and it means that shorts have 0.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $127.5, which implies a decrease of -5.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.3 and $215 respectively. As a result, NVDA is trading at a discount of -59.33% off the target high and 90.14% 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 53.02% during the last six months, with a year-to-date growth rate more than the industry average at 116.15% against -22.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 70.20% in the quarter after that. In the rating firms’ projections, revenue will increase 125.40% 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 32.9B as predicted by 39 analyst(s). Meanwhile, a consensus of 39 analyst(s) estimates revenue growth to 36.46B 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 119.38% in 2024, the next five years will return 35.15% per annum.
NVDA Dividends
NVIDIA Corp is due to release its next quarterly earnings on 2024-Nov-19. 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 0.10, with the dividend yield indicating at 0.07 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.1%.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
NVIDIA Corp insiders own 4.29% of total outstanding shares while institutional holders control 66.84%, with the float percentage being 69.84%. VANGUARD GROUP INC is the largest shareholder of the company, while 5808.0 institutions own stock in it. As of 2024-06-30, the company held over 2.14 billion shares (or 8.7116% of all shares), a total value of $264.97 billion in shares.
The next largest institutional holding, with 1.84 billion shares, is of BLACKROCK INC.’s that is approximately 7.4706% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $227.22 billion.
Also, the Mutual Funds coming in first place with the largest holdings of NVIDIA Corp (NVDA) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 738.3 shares. This amounts to just over 3.01 percent of the company’s overall shares, with a $99.92 billion market value. The same data shows that the other fund manager holds slightly less at 631.33, or about 2.57% of the stock, which is worth about $85.44 billion.
