NVIDIA Corp (NASDAQ:NVDA) shares traded -6.36% lower at $100.45 on Wall Street last session.
NVDA stock price is now -16.57% away from the 50-day moving average and 24.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2471.07B.
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With the price target enhanced from $140 to $165, TD Cowen maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). On July 12, 2024, The Benchmark Company reiterated its ‘Buy’ rating on the stock by increasing its target price from $135 to quote $170, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, HUANG JEN HSUN, Officer bought 120,000 shares of the company’s stock on Aug 05 ’24. The stock was bought for $11,977,573 at an average price of $99.81. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Officer HUANG JEN HSUN bought 120,000 shares of the business’s stock. A total of $12,631,902 was incurred on buying the stock at an average price of $105.27. A total of 3.98% 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 $2618641088512, which is based on a 58.76 price-to-earnings ratio, a 1.27 price-to-earnings-growth ratio, and a beta of 1.70. The fifty day moving average price for NVDA is $120.5066 and a two-hundred day moving average price translates $80.831375 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.
