NVIDIA Corp (NASDAQ:NVDA)’s traded shares stood at 42.26 million during the latest session, with the company’s beta value hitting 1.66. At the last check today, the stock’s price was $140.35, to imply an increase of 0.57% or $0.79 in intraday trading. The NVDA share’s 52-week high remains $144.42, putting it -2.9% down since that peak but still an impressive 72.05% since price per share fell to its 52-week low of $39.23. The company has a valuation of $3442.78B, with an average of 254.59 million shares in intraday trading volume over the past 10 days and average of 325.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for NVIDIA Corp (NVDA), translating to a mean rating of 1.30. Of 47 analyst(s) looking at the stock, 2 analyst(s) give NVDA a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 40 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 0.74.
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NVIDIA Corp (NASDAQ:NVDA) trade information
After registering a 0.57% upside in the latest session, NVIDIA Corp (NVDA) has traded red over the past five days. The 5-day price performance for the stock is 2.50%, and 13.63% over 30 days. With these gigs, the year-to-date price performance is 183.41%. Short interest in NVIDIA Corp (NASDAQ:NVDA) saw shorts transact 251.09 million shares and set a 0.8 days time to cover.
The extremes give us $13.3 and $215 for target low and target high price respectively. As such, NVDA has been trading -53.19% off suggested target high and 90.52% from its likely low.
NVIDIA Corp (NVDA) estimates and forecasts
Looking at statistics comparing NVIDIA Corp share performance against respective industry, we note that the company has outperformed competitors. NVIDIA Corp (NVDA) shares are 69.85% up over the last 6 months, with its year-to-date growth rate higher than industry average at 116.92% against -22.30%. Revenue is forecast to grow 100.00% this quarter before jumping 72.30% for the next one. The rating firms project that company’s revenue will grow 125.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 39 analysts is 32.9B. Meanwhile, for the current quarter, a total of 39 analyst(s) estimate revenue growth to 36.54B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 48.40% for the past 5-year period. While 2024 is set for a 119.59% return in earnings, projections for the next 5 years are at 35.20% annually.
NVDA Dividends
NVIDIA Corp has its next earnings report out on 2024-Nov-20. 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 Corp has a forward dividend ratio of 0.03, with the share yield ticking at 0.02% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.1%.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
NVIDIA Corp insiders hold 4.29% of total outstanding shares, with institutional holders owning 66.86% of the shares at 69.86% float percentage. In total, 66.86% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 2.14 billion shares (or 8.7116% of shares), all amounting to roughly $264.97 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 1.84 billion shares, or about 7.4706% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $227.22 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 Corp (NVDA) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 738.3 shares. This is just over 3.01% of the total shares, with a market valuation of $102.93 billion. Data from the same date shows that the other fund manager holds a little less at 631.33, or 2.57% of the shares, all valued at about 88.02 billion.
