During the last session 50M of NVIDIA Corporation (NasdaqGS:NVDA)’s shares were traded. The stock closed at $276.04 per share indicating that it lost -$16.86 or -5.76% during that day which brings the NVIDIA Corporation’s valuation to $754.95B.
The 52-week high for the NVIDIA Corporation’s shares is $346.47. That puts it -20.33% from that peak with a 52-week low of $115.67, while the S&P 500’s share price change was of 26.02%.
The company currently has a 93.06 P/E ratio and a price target of $342.16.
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 50M, while in the last 10 days the average was 39.24M and last three months – 42.89M.
Shrinking short interest
The NVIDIA Corporation’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 23.37M shares being shorted which translates into 0.44 of a short ratio for NVDA, while in the previous month the shorted shares were 24.15M.
NVIDIA Corporation (NasdaqGS:NVDA)’s financials
With a market cap of 754.95B, NVIDIA Corporation holds a total cash of $19.3B that translates into $7.72 per share, while the total debt is of $11.83B.
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.