Time for Investors to Take the Plunge on NVIDIA Corporation (NASDAQ:NVDA)

Equity Research firms currently have a positive stance on shares of NVIDIA Corporation (NASDAQ:NVDA). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $63.80 on a short term basis.

At the time of writing, the stock was trading at $68.17. This represents a change from the opening price of -1.11%. In terms of performance, year to date, the stock is 109.36%. The monthly stock performance comes in at 8.39%. For the quarter, shares are performing at 44.83%. Weekly performance analysis shows the equity at 6.39%.

In taking a look at technical levels, shares are trading 10.91% away from the 50 day simple moving average and 57.56% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -1.93% away from it’s 52- week high and 177.80% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, NVIDIA Corporation’s RSI stands at 70.50. In looking at volatility levels, the shares saw weekly volatility of 2.44% and 2.62% over the past month.

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