NVIDIA Corp (NASDAQ:NVDA) shares traded -1.95% lower at $116.78 on Wall Street last session.
NVDA stock price is now -0.65% away from the 50-day moving average and 28.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2864.61B.
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With the price target enhanced from $120 to $145, Needham maintained Buy rating for NVIDIA Corp (NASDAQ: NVDA). On August 19, 2024, Goldman reiterated its ‘Buy’ rating on the stock and kept its target price maintained at $135, while ‘New Street’ rates the stock as ‘Buy’
In other news, HUANG JEN HSUN, President and CEO sold 120,000 shares of the company’s stock on Sep 13 ’24. The stock was sold for $14,279,416 at an average price of $119.00. Upon completion of the transaction, the President and CEO now directly owns 75,415,836 shares in the company, valued at $8.81 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, President and CEO HUANG JEN HSUN sold 120,000 shares of the business’s stock. A total of $14,272,503 was realized by selling the stock at an average price of $118.94. This leaves the insider owning 75,535,836 shares of the company worth $8.82 billion. A total of 4.00% 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 0.17, a current ratio of 4.27, and a quick ratio of 3.79. According to the stock market information, the enterprise value for the company is $2839828496384, which is based on a 54.83 price-to-earnings ratio, a 1.04 price-to-earnings-growth ratio, and a beta of 1.68. The fifty day moving average price for NVDA is $117.3686 and a two-hundred day moving average price translates $91.08328 for the stock.
The latest earnings results from NVIDIA Corp (NASDAQ: NVDA) was released for 2024-07-28. The net profit margin was 55.04% and return on equity was 123.77% for NVDA. The company reported revenue of $30.04 billion for the quarter, compared to $13.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 122.4 percent.
