NVDA Continues to Trade Close to Its 52-week High

The NVDA stock price fluctuated between $313.5 and $327.1 throughout the trading session with the volume trading being 28M shares, which represented a negative variation when compared to the three months average volume of 32M shares.

The share price of NVIDIA Corporation (NasdaqGS:NVDA) dipped -3.58% to close Friday’s market session at $315.03, lower as compared to yesterday’s close which brings the market valuation of the company to $787B.

The 52-week high for the NVIDIA Corporation’s shares is $346.47. That puts it -9.07% from that peak with a 52-week low of $115.67, while the S&P 500’s share price change was of 29%.

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 28M, while in the last 10 days the average was 48.08M and last three months – 32.1M.

Shrinking short interest

The NVIDIA Corporation’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 24.04M shares being shorted which translates into 0.82 of a short ratio for NVDA, while in the previous month the shorted shares were 29.95M.

NVIDIA Corporation’s (NasdaqGS:NVDA) financials

With a market cap of 787B, NVIDIA Corporation holds a total cash of $19.65B that translates into $7.86 per share, while the total debt is of $12.79B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 68.30%. The current revenue is of $21.9B that is $8.82 per share.

This is a great sign for a bright future.