The price of NVIDIA Corp (NASDAQ:NVDA) shares last traded on Wall Street rose 6.98% to $1139.01.
NVDA stock price is now 27.59% away from the 50-day moving average and 82.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2847.53B.
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With the price target maintained at $1025, DZ Bank recently Downgraded its rating from Buy to Hold for NVIDIA Corp (NASDAQ: NVDA). On May 23, 2024, Wolfe Research reiterated its ‘Outperform’ rating on the stock by increasing its target price from $1200 to quote $1250, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, STEVENS MARK A, Director sold 22,700 shares of the company’s stock on Apr 05 ’24. The stock was sold for $19,975,240 at an average price of $879.97. Upon completion of the transaction, the Director now directly owns 1,052,133 shares in the company, valued at $1.2 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, Director PERRY MARK L sold 7,000 shares of the business’s stock. A total of $6,215,259 was realized by selling the stock at an average price of $887.89. This leaves the insider owning 116,000 shares of the company worth $132.13 million. A total of 4.23% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $366.35 and a high of $1064.75. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 3.53, and a quick ratio of 3.14. According to the stock market information, the enterprise value for the company is $2787685695488, which is based on a 66.62 price-to-earnings ratio, a 1.43 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for NVDA is $892.6852 and a two-hundred day moving average price translates $625.452 for the stock.
The latest earnings results from NVIDIA Corp (NASDAQ: NVDA) was released for 2024-04-28. The net profit margin was 53.40% and return on equity was 115.66% for NVDA. The company reported revenue of $22.1 billion for the quarter, compared to $6.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 265.28 percent.
