NVDA Keeps on Surprising and Hitting ATH

The NVDA stock price fluctuated between $319.05 and $330.87 throughout the trading session with the volume trading being 52M shares, which represented a positive variation when compared to the three months average volume of 31M shares.

The share price of NVIDIA Corporation (NasdaqGS:NVDA) ran up 4.14% to close Friday’s market session at $329.85, higher as compared to yesterday’s close which brings the market valuation of the company to $731.52B.

The 52-week high for the NVIDIA Corporation’s shares is $330.88. That puts it -0.31% from that peak with a 52-week low of $115.67, while the S&P 500’s share price change was of 31.32%.

The company currently has a 104.69 P/E ratio and a price target of $321.89.

What does the trading volume tell us about the NVDA stock?

During the last trading session, NVIDIA Corporation (NasdaqGS:NVDA) has seen decay in its daily volume. The daily volume was of 31M, while in the last 10 days the average was 49.21M and last three months – 31.22M.

Growing short interest

The NVIDIA Corporation’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 26.11M shares being shorted which translates into 1.11 of a short ratio for NVDA, while in the previous month the shorted shares were 22.42M.

NVIDIA Corporation’s (NasdaqGS:NVDA) financials

With a market cap of 731.52B, NVIDIA Corporation holds a total cash of $19.3B that translates into $7.72 per share, while the total debt is of $11.69B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 50.30%. The current revenue is of $24.27B that is $9.75 per share.

This is a great sign for a bright future.