NVIDIA Corp (NASDAQ:NVDA) shares traded 0.62% higher at $124.30 on Wall Street last session.
NVDA stock price is now 18.81% away from the 50-day moving average and 74.20% away from the 200-day moving average. The market capitalization of the company currently stands at $3057.78B.
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With the price target enhanced from $116 to $144, Morgan Stanley maintained Overweight rating for NVIDIA Corp (NASDAQ: NVDA). On June 18, 2024, Rosenblatt reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $200, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, HUANG JEN HSUN, President and CEO sold 120,000 shares of the company’s stock on Jun 27 ’24. The stock was sold for $14,926,277 at an average price of $124.39. Upon completion of the transaction, the President and CEO now directly owns 80,214,995 shares in the company, valued at $9.97 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 26 ’24, President and CEO HUANG JEN HSUN sold 120,000 shares of the business’s stock. A total of $14,985,866 was realized by selling the stock at an average price of $124.88. This leaves the insider owning 80,334,995 shares of the company worth $9.99 billion. A total of 3.99% of the company’s stock is owned by insiders.
During the past 12 months, NVIDIA Corp has had a low of $39.23 and a high of $140.76. 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 $3037578919936, which is based on a 72.71 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for NVDA is $105.41362 and a two-hundred day moving average price translates $71.74847 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 $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.
