NVIDIA Corp (NASDAQ:NVDA) shares traded 0.75% higher at $121.79 on Wall Street last session.
NVDA stock price is now 29.88% away from the 50-day moving average and 85.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2995.83B.
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With the price target enhanced from $1320 to $1500, BofA Securities maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). On May 24, 2024, DZ Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $1025, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, COXE TENCH, Director sold 100,000 shares of the company’s stock on Jun 07 ’24. The stock was sold for $119,457,412 at an average price of $1194.57. Upon completion of the transaction, the Director now directly owns 2,967,136 shares in the company, valued at $361.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’24, Director STEVENS MARK A sold 16,670 shares of the business’s stock. A total of $19,988,343 was realized by selling the stock at an average price of $1199.06. This leaves the insider owning 999,624 shares of the company worth $121.74 million. A total of 4.22% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $37.51 and a high of $125.59. As of last week, the company has a debt-to-equity ratio of 0.23, 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 $2953643819008, which is based on a 71.24 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for NVDA is $94.39766 and a two-hundred day moving average price translates $66.17318 for the stock.
The latest earnings results from NVIDIA Corp (NASDAQ: NVDA) was released for 2024-04-28. According to the Semiconductors Company, earnings per share came in at 2.7, beating analysts’ expectations of 2.09 by 0.61. This compares to $0.82 EPS in the same period last year. The net profit margin was 53.40% and return on equity was 115.66% for NVDA. The company reported revenue of $26.04 billion for the quarter, compared to $7.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 262.12 percent. For the current quarter, analysts expect NVDA to generate $28.38B in revenue.
