NVIDIA Corporation (NASDAQ:NVDA) reaches $88.59B market cap as shares jumped 2.48% in recent session. It closed at $148.83, after slipping as low as $143.21 through the day. The shares were pushed to an intraday high Friday at $149.75. Trading activity significantly improved as the volume at ready counter increased to 21,842,706 shares versus 15,911,235 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 16,594,563 shares. The stock is now 19.58% above against its bear-market low of $124.46 on December 26, 2018. It has retreated -96.71% since it’s 52-week high of $292.76 reached in October. Now the market price is down -33.46% on the year and up 11.48% YTD.
NVDA’s 50 day simple moving average (SMA 50) price is $161.38 and its 200-day simple moving average (SMA 200) price is $227.84. The company’s stock currently has a total float of 584.11M shares. Its weekly volatility is hovering around 5.15% and felt 5.45% volatility in price over a month. On the upside, the share price will test short term resistance at around $151.32. On a downside, the stock is likely to find some support, which begins at $144.78. The failure to get near-term support could push it to $140.72.
Separately, it has been reported that multiple insider activity took place at NVIDIA Corporation (NVDA). EVP, Operations Shoquist Debora sold 6,345 shares for $177,911 in transaction occurred on 2019/01/02. After making this transaction, the EVP, Operations owns a direct stake of 858,669 shares, worth $26,478,494, as per the last closing price. On 2018/12/14 Kress Colette, EVP & CFO at NVDA, dumped 889 shares at an average price of $147.91 per share. The selling total is valued at $38,682,703.
EVP, Worldwide Field Ops, Puri Ajay K had divested 90,831 shares for $293,357 through a trade on 2018/10/02. Following this activity, the insider holds 26,281,950 shares worth $43,660,322 as of recent close. Wall Street’s most bullish NVIDIA Corporation (NASDAQ:NVDA) analysts are predicting the share price to blow past $325 per share during the next 12 months. The current median share price forecast by them is $227.5, suggesting that the stock could increase 52.86% in that time frame. The average price target of $218.94 calls for a nearly 47.11% increase in the stock price.
It had seen a new analyst call from Credit Suisse, which initiated the stock at Outperform on November 26. Analysts at Exane BNP Paribas, shed their positive views on November 20 by lowering it fromNeutral to Underperform. Brokerage firm BMO Capital Markets, looks cautious as they stick to prior recommendation of Market Perform, in a call on November 16. However, they did change the target price from $225 to $175. B. Riley FBR analysts came out with bearish views on November 16 when the call was made. They think the stock is now Neutral compared to to their prior call for Buy.
When looking at valuations, NVIDIA Corporation (NVDA) has a pricey P/E of 20.45x as compared to industry average of 7.69x. Moreover, it trades for 20.83 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 9.56x price/book and 7.13x price/sales. Compared to others, NVIDIA Corporation is in a different league with regards to profitability, having net margins of 37.8%. To put some perspective around this, the industry’s average net margin is 21.22%. NVDA’s ROE is 56.1%, which is also considerably better than the industry’s ROE of 9.21%. It’s also very liquid in the near term, with a current ratio of 7.1. The stock has a debt/capital of 0.21.
Shares of NVIDIA Corporation (NVDA) have dropped -26.5% since the company’s Apr-19 earnings report. Over the past 12 fiscal quarters, NVIDIA Corporation (NASDAQ:NVDA) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations. NVDA last reported earnings on November 15, 2018 when it released Oct-18 results that receded expectations. The company raked in $1.84 per share, 35.29% change on the same period last year. That was worse than consensus for $1.87. Revenue for the recent quarter stood at $3.18 billion, up 21% on last year and below the $3.24 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.7 billion to $3.15 billion, which should be compared with $2.82 billion generated last year. EPS is seen in a range of $1.34 to $1.72, against the $1.2 reported a year ago.