NVIDIA Corporation (NASDAQ: NVDA) stock closed at $762.00 on 4/19/24 after a major decline of -10.0%. Moreover, trading volume in this decline was unusually high at 159% of normal. The stock has declined -15.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NVDA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NVIDIA has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. NVIDIA has a very high Appreciation Score of 90 and a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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