NVIDIA Corporation (NASDAQ: NVDA) is -57.29% lower on its value in year-to-date trading and has touched a low of $126.17 and a high of $346.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NVDA stock was last observed hovering at around $132.61 in the last trading session, with the day’s loss setting it -7.0% off its average median price target of $205.00 for the next 12 months. It is also 61.35% off the consensus price target high of $325.00 offered by 43 analysts, but current levels are -14.19% lower than the price target low of $110.00 for the same period.
Currently trading at $125.61, the stock is -12.65% and -23.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 75.63 million and changing -5.28% at the moment leaves the stock -40.39% off its SMA200. NVDA registered -42.75% loss for a year compared to 6-month loss of -51.00%.
The stock witnessed a -26.89% gain in the last 1 month and extending the period to 3 months gives it a -22.58%, and is -2.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.86% over the week and 4.73% over the month.
NVIDIA Corporation (NVDA) has around 22473 employees, a market worth around $306.39B and $29.74B in sales. Current P/E ratio is 41.18 and Fwd P/E is 27.99. Profit margin for the company is 26.00%. Distance from 52-week low is -0.44% and -63.75% from its 52-week high. The company has generated returns on investments over the last 12 months (26.20%).
NVIDIA Corporation (NVDA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NVIDIA Corporation (NVDA) is a “Overweight”. 43 analysts offering their recommendations for the stock have an average rating of 2.00, where 11 rate it as a Hold and 4 think it is a “Overweight”. 27 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
NVIDIA Corporation is expected to release its quarterly report on 11/17/2022.The EPS is expected to grow by 123.10% this year
NVIDIA Corporation (NVDA) Top Institutional Holders
The shares outstanding are 2.50B, and float is at 2.39B with Short Float at 1.23%.
NVIDIA Corporation (NVDA) Insider Activity
A total of 28 insider transactions have happened at NVIDIA Corporation (NVDA) in the last six months, with sales accounting for 14 and purchases happening 14 times. The most recent transaction is an insider sale by Dabiri John, the company’s Director. SEC filings show that Dabiri John sold 945 shares of the company’s common stock on Sep 01 at a price of $142.06 per share for a total of $0.13 million. Following the sale, the insider now owns 3205.0 shares.
NVIDIA Corporation disclosed in a document filed with the SEC on Jun 14 that STEVENS MARK A (Director) sold a total of 113,800 shares of the company’s common stock. The trade occurred on Jun 14 and was made at $158.10 per share for $17.99 million. Following the transaction, the insider now directly holds 2.48 million shares of the NVDA stock.
Still, SEC filings show that on Jun 13, STEVENS MARK A (Director) disposed off 113,850 shares at an average price of $158.03 for $17.99 million. The insider now directly holds 2,596,493 shares of NVIDIA Corporation (NVDA).
NVIDIA Corporation (NVDA): Who are the competitors?
The company’s main competitors (and peers) include Broadcom Inc. (AVGO) that is -4.59% lower over the past 12 months. QUALCOMM Incorporated (QCOM) is -7.01% down on the 1-year trading charts.