NVIDIA Corporation (NVDA) : Traders are bullish on NVIDIA Corporation (NVDA) as it has outperformed the S&P 500 by a wide margin of 3.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.58% in the last 1 week, and is up 0.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 7.7%.The 200 Day SMA reached 52.19% NVIDIA Corporation is up 34.75% in the last 3-month period. Year-to-Date the stock performance stands at 92.2%.
NVIDIA Corporation (NVDA) stock is expected to deviate a maximum of $10.81 from the average target price of $64 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $44.
For the current week, the company shares have a recommendation consensus of Buy. NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $62.91 and touched an intraday high of $63.25 on Friday. During the day, the stock corrected to an intraday low of $62.12, however, the bulls stepped in and pushed the price higher to close in the green at $62.84 with a gain of 0.24% for the day. The total traded volume for the day was 22,561,149. The stock had closed at $62.69 in the previous trading session.
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.