On Tuesday, NVIDIA (NASDAQ: NVDA) posted its earnings for this financial quarter. An EPS of $3.66 was reported overshooting the consensus $3.28 estimate. The company had a 34.54% equity return and a 25.98% net margin.
Stock Commentary Of NVDA
Several research analysts have issued their reports on NVDA stock as well. Rosenblatt Securities increased their objective price to $800 from $700 while issuing a rating of “buy” on 19th April, Monday. Barclays increased their objective price to $650 from $600 while issuing a rating of “overweight” on 19th April, Monday. Piper Sandler restated a rating of “overweight” while increasing their objective price to $690 from $625 on Thursday. Deutsche Bank Aktiengesellschaft increased their objective price to $600 from $575 while issuing a rating of “hold” on Thursday. Wedbush increased their target price to $640 from $600 while issuing a rating of “outperform” on 25th February, Thursday.
On Thursday, the opening value of NVDA stock was $628. The highest and lowest value of the stock over a period of one year stands at $648.57 and $319.87 respectively. The moving average of the stock over a period of 50 days stands at $594.41 while for 200 days it stands at $550.20. The market capitalization value stands at $390.85B with a 1.38 beta.
There is a split scheduled for NVDA shares on Tuesday before the opening of the market on 20th July, Tuesday. On 21st may, Friday, the announcement regarding the 4-1 split was made. Shareholders will receive the new shares after the closing of the market on 19th July, Monday.
The latest data of its quarterly earnings was posted on 23rd February, Tuesday. An EPS of $3.10 was reported overshooting the consensus $2.81 estimate.
Mark L. Perry, a Director, sold off 6104 NVDA shares on 5th April, Monday at a $556.58 average price per share. Persis Drell, another Director, sold off 1200 shares on 12th April, Monday at a $587.53 average price per share.
