NVIDIA Breaks Out to 6-Month Highs

Shares of NVIDIA Corporation (NVDA) are currently up 3.64% at $15.96 per share during Monday afternoon trading.

Today’s trading range for shares of Nvidia Corp., whose calls are very active today as the stock breaks out to 6-month highs, has been between $15.50 and $15.97 per share. Over the last five months, NVDA has gained nearly 100%, but still remains at depressed levels, having fallen more than 16.71% year-to-date.

The consensus price target of analysts covering the company’s stock is $13.79 per share.

Nvidia Corporation has a 52 week range of $8.65 to $18.96. The stock’s 50-day moving average is $13.70 and its 200-day moving average is $12.64.

At last check [10:32 a.m. EST], NVDA shares, which opened at $15.53 on Monday, were up over 3.5% to $15.94 in trading on the Nasdaq. The stock currently trades at a trailing P/E of 43.34, a forward multiple of 21.85 and a P/E to Growth ratio of 1.85. More than 11 million NVDA shares have already traded hands compared to a daily average of around 16 million.

Disclosure: No Position

About Ron Haruni 1036 Articles
Ron is the Co-Founder & Editor in Chief of Wall Street Pit. Web Site: Wall Street Pit

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