NVIDIA Corporation (NASDAQ:NVDA) [Trend Analysis] has kept up with the changing appetite, stock fell down to knees around -1.36% in early session as it gain volume of 16.34 Million shares as compare to its average volume of 8475.28 shares and then traded at $35.57.
NVIDIA (NASDAQ:NVDA) declared that its revenue for Q1 ended May 1, 2016, of $1.30 billion, up 13 percent from $1.15 billion a year earlier, and down 7 percent from $1.40 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.33, up 38 percent from $0.24 a year ago and down 6 percent from $0.35 in the previous quarter. Non-GAAP earnings per diluted share were $0.46, up 39 percent from $0.33 a year earlier and down 12 percent from $0.52 in the previous quarter.
The co-founder and chief executive officer, NVIDIA, Jen-Hsun Huang stated that they are enjoying growth in all of their platforms gaming, professional visualization, datacenter and auto. “Accelerating our growth is deep learning, a new computing model that uses the GPU’s massive computing power to learn artificial intelligence algorithms. Its adoption is sweeping one industry after another, driving demand for our GPUs.
Moving toward the volatility measures, the price volatility of stock was 2.37% for a week and 2.04% for a month as well as price volatility’s Average True Range for 14 days was 0.82. The beta, which indicates risk in relegation to the market, remained 1.27. The firm past twelve months price to sales ratio was 3.83 and price to cash ratio remained 3.81. As far as the returns are concern, the return on equity was recorded as 13.90% and return on investment was 10.30%, while its return on asset stayed at 8.50%.
To narrow down focus on firm’s analytic rating, NVDA receives a wide range of reviews through technical indicators; experts eagerly produce EPS tends for quartile and annual, for current quarter trends were $0.31 and $0.32 for next quarter. On annual bases, it has $1.44 for FY 2016 Estimate Trends and $1.41 for FY 2017 Estimate Trends.
To neat down this understanding, 15 analysts rate it as ‘Holding’ security, at the same time as 10 suggests for ‘Buy’ as compare to 10 analyst suggested in 3 month ago. To lodge it average analyst gave price target to 35.98, whereas current price stands at 35.57.
The liquidity measure in recent quarter results of company was recorded 2.60 as current ratio, on the other side the debt to equity ratio was 0.34. The Company has gross margin of 56.10% and profit margin was positive 12.30% in trailing twelve months.
NVIDIA Corporation (NASDAQ:NVDA) is ahead its 52 week low with 88.51% and going down from its 52 week high price with -5.05%. The company’s shares performance for the last one month was -3.18% and 1.72% in the previous week. The stock price of firm is moving down from its 20 days moving average with -1.51% and remote isolated positively from 50 days moving average with 1.88%.