Stock To Watch: NVIDIA Corporation (NASDAQ:NVDA)


The leading market experts have placed a mean price target of $64.55 on NVIDIA Corporation (NASDAQ:NVDA) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.56 a share for the upcoming quarter and $1.84 for the current fiscal.

Technical View

The technical analysis of NVIDIA Corporation plainly substantiates that the 50-day moving average of NVIDIA Corporation is $58.08, and stock is trading $3.41 points away or +5.88% from its 50-day moving average of $58.08. Further it is trading $17.56 or +39.98% away its 200-day moving average of $43.93. NVIDIA Corporation (NASDAQ:NVDA) 52-week high is $63.50 and the 52-week low is $21.74.

This explains if the stock moves $-2.01, it will post a 52-week high. In event of +182.84% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of NVIDIA Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, NVIDIA Corporation (NASDAQ:NVDA) ratio came in at 40.40.

The stock last ended the trading session at $61.49 and registered a market cap of $32.90B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. NVIDIA Corporation (NASDAQ:NVDA) PEG ratio is at 1.41.

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