NVIDIA Corporation (NASDAQ:NVDA) soared 0.39% during previous trade, a total of 9.52M shares exchanged hands compared with its average trading volume of 14.98M shares whereas its relative volume is 0.60. The stock has a market capitalization of $59.30B along with 594.54M outstanding shares. Stock’s intraday price range hit the peak level of $100.98 and touched the lowest level of $89.97.
Most recently NVIDIA Corporation (NASDAQ:NVDA)’s price target was revised on 04/05/17 and according to 33 analysts stock’s price will reach at $113 during 52 weeks with standard deviation of 18.87. Stock’s minimum price target estimates has been figured out at $38 while the maximum price target forecast is established at $145, if we look at the price target with an optimistic approach it has upside potential of 46% from its latest closing price of $99.68.
Historically, if we look at price target revisions, two weeks ago NVIDIA Corporation (NASDAQ:NVDA)’s price target was revised on 03/21/17 by the analysts, however the bullish price estimates of the stock set at $140 while the bearish estimates kept at $72 over the next one year. Stock’s 52-week target was retained at $113.75, the estimates indicates a standard deviation of 18.74.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.31. ABR value is precisely based on brokerage recommendations, where out of 26 brokerage recommendations 12 rate NVIDIA Corporation (NASDAQ:NVDA) stock a Strong Buy, 2 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 4 recommend a Strong Sell. Most recently on 4/4/17 the stock of NVIDIA Corporation (NASDAQ:NVDA) downgraded by Pacific Crest from Sector Weight to Underweight. However previously on 2/23/17 it was downgraded by Instinet from Buy to Reduce. A research note issued on 2/6/17 the stock was downgraded by ROTH Capital from Buy to Neutral.
NVIDIA Corporation (NASDAQ:NVDA) performance over the past one year soared 176.51% whereas its year to date (YTD) performance indicated a bearish trend of -6.50%. During the last six months the stock climbed 52.35%. Quarterly performance of the company shows declining momentum of -3.05% while its last one month trend is negative with -8.93%. Stock’s weekly performance expressed up trend of 1.59%.
The company’s price sits -4.88% below from its 50-day moving average of $102.50 and 19.28% far from the stock’s 200-day moving average which is $95.31. NVIDIA Corporation (NASDAQ:NVDA)’s shares are currently trading -17.46% away from the 52-week high price of $120.77 and +191.86% far from the 52-week low price of $34.15.
According to consensus agreement of 23 analysts NVIDIA Corporation (NASDAQ:NVDA) will report earnings per share of $0.67 in their quarterly report and it is expected to announce the company’s results on 5/9/17 After Market Close. For the current quarter the company has high EPS estimates of $0.82 in contradiction of low EPS estimates of $0.55. However a year ago for the same quarter the company has reported $0.33 EPS. Current year EPS projections for NVIDIA Corporation (NASDAQ:NVDA) set at $2.88 according to the sentiments of 26 analysts, while its lowest earnings estimates are $2.49 and highest earnings estimates are $3.67.
According to 29 analysts, NVIDIA Corporation (NASDAQ:NVDA)’s revenue estimates for the current quarter are $1.91B meanwhile the company has high revenue estimates of $1.94B in contradiction of low revenue estimates of $1.9B. For the current year the company’s revenue estimates are $8.04B compared to low analyst estimates of $7.6B and high estimates of $8.65B according to the projection of 34 analysts.