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- 1 NVIDIA stock price increased by 4.73% over the last 24 hours.
- 2 NVIDIA ( NASDAQ: NVDA ) stock’s 52-week price range is $108 – $461.
NVIDIA is reporting earnings with a consistent rise every time. Earnings rose at an average of 16.4% per year, as reported by Simplywall, a financial data website. The company’s revenues have been rising by an average of 24.3% annually, while the Semiconductor industry’s earnings grew by 34.6% per year. NVIDIA’s return on equity is 19.5%, and its net margins are 18.5%.
Moreover, NVIDIA has a debt-to-equity ratio of 44.7%, with $24.5 Billion in total shareholder equity and $11.0 Billion in total debt, according to Simplywall, a financial website. The company’s total assets and total liabilities are $44.5 Billion and $19.9 Billion respectively. NVIDIA’s EBIT is $4.5 Billion, resulting in an interest coverage ratio of -32.3. It has $15.3 Billion in cash and short-term investments.
The market capitalization of NVDA stock is $1.136 Trillion and the total revenue is $26.97 Billion. Moreover, the stock’s basic EPS is $1.94 and the price-to-earnings ratio is 228.16. Moreover, the average volume is 45.28 Million and the current volume is 47.781 Million, the current volume is above average volume.
Moreover, this month, the stock performed well as it was up by 14.41% and up by 182.45% over the last six months. Moreover, NVIDIA (NASDAQ: NVDA) stock’s year-to-date return is positive with an increase of 209.59% and its overall 1-year return is positive with an increase of 215.13%.
NVIDIA, Technical Analysis in 1-D Timeframe
The price action shows that the NVIDIA ( NASDAQ: NVDA ) price started its journey by rallying upwards from the major demand zone at $139.60 and made higher highs and higher lows, reaching an all-time high of $461.55 in seven months.
However, the price also took some pullbacks for correction and rested on the trendline, which acted as a support and helped the price bounce back. The price is above all major EMAs and the volume is also increasing significantly, as seen on the volume graph.
Moreover, to continue surging ahead, the stock needs to have more support from the volume, by attracting more buyers.
At the time of publishing, the NVIDIA price ( NASDAQ: NVDA ) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is supporting the price trend. Hence, the NVIDIA stock price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 73 points. The 14 SMA is above the median line at 62.88 points which indicates that the price is bullish as the RSI took support on 14SMA and headed upwards.
The MACD line at 17.16 and signal line at 17.82 are above the zero line and a bullish crossover is anticipated soon as both the lines are narrowed, which is highlighting more bullishness for the NVIDIA stock.
Summary
NVIDIA stock price shows that the investors and traders of the NVDA stock are bullish about its direction in the 1D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the NVIDIA price also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue.
Technical Levels:
- The nearest support: $405 and $374.
- The nearest resistance: $468 and $490.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
