NVIDIA Corporation (NVDA) has risen sharply, recording gains of 8.63% in the past 4 weeks. However, the stock has corrected -0.37% in the past 1 week, providing a good buying opportunity on dips. NVIDIA Corporation (NVDA) : Traders are bullish on NVIDIA Corporation (NVDA) as it has outperformed the S&P 500 by a wide margin of 8.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.29%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.51% and the fifty day Moving Average is 14.48%. NVIDIA Corporation is up 35.39% in the last three month period. Year-to-Date the stock performance stands at 89.72%.
NVIDIA Corporation (NVDA) : 14 Wall Street analysts covering NVIDIA Corporation (NVDA) believe that the average level the stock could reach for the short term is $61.5. The maximum price target given is $75 and the minimum target for short term is around $43, hence the standard deviation is calculated at $12.01.
NVIDIA Corporation (NASDAQ:NVDA): stock turned positive on Friday. Though the stock opened at $61.69, the bulls momentum made the stock top out at $62.38 level for the day. The stock recorded a low of $61.2 and closed the trading day at $62.03, in the green by 0.81%. The total traded volume for the day was 7,500,624. The stock had closed at $61.53 in the previous days trading.
NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.