Wells Fargo has recently reiterated NVIDIA Corp (NVDA) stock to Overweight rating, as announced on November 21, 2024, according to Finviz. Earlier, on November 21, 2024, Truist had reiterated the stock to Buy, setting a price target of $169 for NVDA stock. The Benchmark Company also reiterated Buy rating with a price target of $190. Additionally, TD Cowen reiterated Buy rating on November 21, 2024, with a target price of $175. Robert W. Baird analysts, in their report published on November 21, 2024, also reiterated Outperform rating and set a price target of $190 for NVIDIA Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
NVIDIA Corp (NVDA) Stock Trading Recap
On Thursday, NVIDIA Corp (NVDA) stock saw a modest uptick, ending the day at $130.68 which represents a slight increase of $1.77 or 1.37% from the prior close of $128.91. The stock opened at $131.76 and touched a low of $129.55 during the day, reaching a high of $134.03. The volume of shares traded was 206.08 million falling short of the average volume of 236.37 million.
NVDA Stock Performance and Moving Averages
In recent trading, NVIDIA Corp (NVDA) stock price has shown some volatility, fluctuating -4.85% over the last five trades and -11.11% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 3.25%, and it has gained 12.66% in the previous three months. Currently, NVDA is trading at -5.08%, -6.40%, and 12.49% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NVDA, a Technology sector stock, is trading -14.53% below its 52-week high but remains 176.16% above its 52-week low. The Average True Range (ATR) (14 days) of 5.22 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
NVIDIA Corp’s Profitability and Valuation Ratios
NVIDIA Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 62.71% and a profit margin of 55.69%, with a gross margin of 3.25%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, NVIDIA Corp’s market capitalization stands at $3200.35 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 51.48, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 29.52. Additionally, the Price-to-Sales Ratio is 28.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 48.6, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.00% of NVIDIA Corp (NVDA)’s shares, while financial institutions hold 65.29%.
Notable insider trades include COXE TENCH, Director at NVIDIA Corp (NVDA), who sold 1000000 shares on Dec 16 ’24, at $131.26 each, totaling $131.26 million. On Dec 13 ’24, Kress Colette, EVP & Chief Financial Officer, sold 66670 shares for $135.4 each, amounting to $9.03 million. Additionally, on Dec 13 ’24, Robertson Donald F Jr sold 4500 shares at $135.28 each, generating $0.61 million.