For its first fiscal quarter (ending April 30), NVIDIA Corporation (NASDAQ: NVDA) has reported E.P.S. of $6.04 compared to $0.83 a year ago. E.P.S. were $17.27 for the latest four quarters through April 30 versus $1.93 for the same period a year ago.
Recent Price Action
NVIDIA Corporation (NASDAQ: NVDA) stock declined slightly by -0.5% on 5/22/24. The stock closed at $949.50. This decline was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NVDA is expected to continue to be a major Value Builder.
NVIDIA has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. NVIDIA has a very high Appreciation Score of 87 and a very high Power Rating of 98, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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