NVIDIA Corporation (NVDA) is an interesting player in the Technology space, with a focus on Semiconductor – Specialized. The stock has been active on the tape, currently trading at $262.28, down from yesterday’s close by -0.24%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
NVIDIA Corporation (NVDA) currently trades with a market capitalization of $160.96 Billion. That value represents a market adjusting for revenues that have been growing by 65.57 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $4.01 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.67 on a per share basis this quarter. Perhaps, that suggests something about why 0.60% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, NVIDIA Corporation recorded a 52-week high of $266.59. It is now trading 4.31% off that level. The stock is trading $239.51 its 50-day moving average by -22.77%. The stock carved out a 52-week low down at $138.58.
In recent action, NVIDIA Corporation (NVDA) has made a move of +0.83% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.35% with $581.11 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NVDA.