NVIDIA Corporation (NASDAQ:NVDA) stock enjoyed an overall uptrend of 2.04% from the beginning of 2019. The closing share price quoted for January 02, 2019 was $136.22. The 2.04% rally might have been tempting for an investor to buy at this point and in fact that would prove a good idea, as sell-side analysts think there is almost 193.64% more gain yet to come for shareholders. Analysts seemed to set $400 as highest price target on its way to greater gains. The average 12-month price target they expect from the stock is $225.83. This mean price target represents 65.78% upside over its previous closing price. The median price target they presented was $230 for the next 12-months, which suggests a 68.84% upside from current levels. Some analysts have a lowest price target on the stock of $120, which would mean a -11.91% gain in value.
Moving on, NVIDIA Corporation (NVDA) last reported its October 2018 earnings. For brief highlights, it performed well in that quarter, with earnings up 38% year-over-year at $1.84. The company surprised analysts by -2 who were expecting $1.87 per share. Overall, its quarterly revenues jumped by 21% to reach $3.18 billion, while it had reported $2.64 billion in the same period a year ago. To see what investors should really expect from its January 2019 financial results consensus analyst estimates are calling for current quarter earnings per share of $1.19, down from $1.57 in the same quarter a year ago. However, earnings-per-share are expected to see growth of -0.72% in next year. From there, the company believes it can achieve a long-term annual earnings growth rate of 15.56 %. At the other end of the income statement, we have seen revenue of $12.42 billion over the trailing 12 months.
To help you decide whether it’s worth the wait (and the money), NVIDIA Corporation (NASDAQ:NVDA) is currently trading at 18.72X the company’s trailing-12-month earnings per share, which represents a premium compared to the sector’s 9.66X and comes in above its industry’s 7.69X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $7.28. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.
The 14-day Absolute ATR (Average True Range) on Wednesday, January 02 of 2019 shows that the price on average moves $8.31. The average daily volatility is 5.6% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent NVIDIA Corporation (NVDA) volume, you will see that it has changed to 12.45 million shares versus the average daily volume of 16.5 million shares.
When you look at the daily chart for NVDA, you will observe the stock held -43.77% losses in the 6-month period and maintains 9.45% distance from its most recent low. The past 5-day performance for the share stays positive at 7.19% but down -5.83% from its three-week moving average. Comparing to 50-day SMA, NVIDIA Corporation shares price is now down -21.36%. It also closed -41.26% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Wednesday with a 1-month performance at -13.43%.