NVIDIA Corp (NASDAQ:NVDA) shares traded 0.27% higher at $138.63 on Wall Street last session.
NVDA stock price is now 1.85% away from the 50-day moving average and 23.35% away from the 200-day moving average. The market capitalization of the company currently stands at $3468.05B.
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With the price target enhanced from $165 to $185, Wells Fargo maintained Overweight rating for NVIDIA Corp (NASDAQ: NVDA). On November 21, 2024, Truist reiterated its ‘Buy’ rating on the stock by increasing its target price from $167 to quote $169, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Dabiri John, Director sold 716 shares of the company’s stock on Nov 25 ’24. The stock was sold for $101,672 at an average price of $142.00. Upon completion of the transaction, the Director now directly owns 19,942 shares in the company, valued at $2.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Director Dabiri John bought 716 shares of the business’s stock. A total of $101,672 was incurred on buying the stock at an average price of $142.00. 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 $45.01 and a high of $152.89. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 4.10, and a quick ratio of 3.64. According to the stock market information, the enterprise value for the company is $3553896693760, which is based on a 54.61 price-to-earnings ratio, a 1.56 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for NVDA is $135.665 and a two-hundred day moving average price translates $112.06041 for the stock.
The latest earnings results from NVIDIA Corp (NASDAQ: NVDA) was released for 2024-07-28. The net profit margin was 55.69% and return on equity was 127.21% for NVDA. The company reported revenue of $35.08 billion for the quarter, compared to $18.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 93.61 percent.
