During the last session 76M of NVIDIA Corporation’s (NasdaqGS:NVDA) shares were traded. The stock closed at $197.98 per share indicating that it gained $7.58 or 3.98% during that day which brings the NVIDIA Corporation’s valuation to $493.37B.
The 52-week high for the NVIDIA Corporation’s shares is $208.75. That puts it -5.16% from that peak but still a 56.82% gain since the share price dropped to a 52-week low of $115.67, while the S&P 500’s share price change was of 29.97%.
The company currently has a 93.61 P/E ratio and a price target of $200.56.
What does the trading volume tell us about the NVDA stock?
During the last trading session, NVIDIA Corporation (NasdaqGS:NVDA) has seen growth in its daily volume. The daily volume was of 39M, while in the last 10 days the average was 19.3M and last three months – 38.6M.
The increasing interest in the NVDA stock from the investors is helping to drive the stock price up.
Shrinking short interest
The NVIDIA Corporation’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 29.95M shares being shorted which translates into 0.81 of a short ratio for NVDA, while in the previous month the shorted shares were 32M.
NVIDIA Corporation (NasdaqGS:NVDA)’s financials
With a market cap of 493.37B, NVIDIA Corporation holds a total cash of $12.67B that translates into $5.08 per share, while the total debt is of $7.74B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 83.80%. The current revenue is of $19.26B that is $7.78 per share.
This is a great sign for a bright future.