In the latest trading session, 58.5 million NVIDIA Corp (NASDAQ:NVDA) shares changed hands as the company’s beta touched 1.64. With the company’s most recent per share price at $138.92 changing hands around $0.29 or 0.21% at last look, the market valuation stands at $3402.15B. NVDA’s current price is a discount, trading about -10.06% off its 52-week high of $152.89. The share price had its 52-week low at $45.01, which suggests the last value was 67.6% up since then. When we look at NVIDIA Corp’s average trading volume, we note the 10-day average is 247.16 million shares, with the 3-month average coming to 258.92 million.
Analysts gave the NVIDIA Corp (NVDA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.30. If we narrow down to specifics, the data shows that 2 out of 47 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 4 recommended NVDA as a Hold, 40 felt it is a Buy and 0 rated the stock as Underweight. NVIDIA Corp’s EPS for the current quarter is expected to be 0.85.
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NVIDIA Corp (NASDAQ:NVDA) trade information
Instantly NVDA is in green as seen in intraday trades today. With action 2.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 180.52%, with the 5-day performance at 2.13% in the green. However, in the 30-day time frame, NVIDIA Corp (NASDAQ:NVDA) is 2.60% up. Looking at the short shares, we see there were 246.4 million shares sold at short interest cover period of 1.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is 160, meaning bulls need an upside of 13.18% from its recent market value. According to analyst projections, NVDA’s forecast low is 13.3 with 250 as the target high. To hit the forecast high, the stock’s price needs a -79.96% plunge from its current level, while the stock would need to tank 90.43% for it to hit the projected low.
NVIDIA Corp (NVDA) estimates and forecasts
Data shows that the NVIDIA Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 19.31% over the past 6 months, a 125.38% in annual growth rate that is considerably higher than the industry average of -27.60%. Year-over-year growth is forecast to reach 111.96% up from the last financial year.
Consensus estimates given by 43 financial analysts project the company’s revenue in the current quarter to hit an average of 38.03B. 36 analysts are of the opinion that NVIDIA Corp’s revenue for the current quarter will be 42.06B. The company’s revenue for the corresponding quarters a year ago was 22.1B and 26.04B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 72.07%. The estimates for the next quarter sales put growth at 61.51%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 48.40%. The 2024 estimates are for NVIDIA Corp earnings to increase by 127.22%, but the outlook for the next 5-year period is at 35.00% per year.
NVDA Dividends
NVIDIA Corp is expected to release its next quarterly earnings report in January. The 0.02% annual yield figure for the share gives it an annual dividend of 0.03. It is important to note, however, that the 0.02% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.09 per year.
NVIDIA Corp (NASDAQ:NVDA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.29% of NVIDIA Corp shares while 66.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.14%. There are 66.17% institutions holding the NVIDIA Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7116% of the shares, roughly 2.14 billion NVDA shares worth $264.97 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.4706% or 1.84 billion shares worth $227.22 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 738.3 shares estimated at $102.65 billion under it, the former controlled 3.01% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.63% of the shares, roughly 644.28 shares worth around $89.58 billion.
