In yesterday’s Wall Street session, NVIDIA Corp (NASDAQ:NVDA) shares traded at $128.20, up 1.88% from the previous session.
NVDA stock price is now 18.50% away from the 50-day moving average and 75.70% away from the 200-day moving average. The market capitalization of the company currently stands at $3153.72B.
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With the price target enhanced from $120 to $150, UBS maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). , while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, HUANG JEN HSUN, President and CEO sold 120,000 shares of the company’s stock on Jul 03 ’24. The stock was sold for $14,913,222 at an average price of $124.28. Upon completion of the transaction, the President and CEO now directly owns 79,734,995 shares in the company, valued at $10.22 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 02 ’24, President and CEO HUANG JEN HSUN sold 120,000 shares of the business’s stock. A total of $14,668,378 was realized by selling the stock at an average price of $122.24. This leaves the insider owning 79,854,995 shares of the company worth $10.24 billion. A total of 39.36% 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 $3134404689920, which is based on a 74.99 price-to-earnings ratio, a 1.62 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for NVDA is $109.15686 and a two-hundred day moving average price translates $73.38853 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.
