NVIDIA (NVDA) Hits New Lifetime High
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NVIDIA as such a stock due to the following factors:
- NVDA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $490.3 million.
- NVDA has traded 166,766 shares today.
- NVDA is trading at a new lifetime high.
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More details on NVDA:
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The stock currently has a dividend yield of 0.8%. NVDA has a PE ratio of 46. Currently there are 12 analysts that rate NVIDIA a buy, 2 analysts rate it a sell, and 7 rate it a hold.
The average volume for NVIDIA has been 10.1 million shares per day over the past 30 days. NVIDIA has a market cap of $29.0 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.16 and a short float of 11.9% with 5.55 days to cover. Shares are up 61.5% year-to-date as of the close of trading on Thursday.
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Analysis:
rates NVIDIA as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 46.3% when compared to the same quarter one year prior, rising from $134.00 million to $196.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 14.8%. Since the same quarter one year prior, revenues rose by 13.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The current debt-to-equity ratio, 0.33, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, NVDA has a quick ratio of 2.22, which demonstrates the ability of the company to cover short-term liquidity needs.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, NVIDIA CORP's return on equity exceeds that of both the industry average and the S&P 500.
- Powered by its strong earnings growth of 37.50% and other important driving factors, this stock has surged by 168.92% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, NVDA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- You can view the full NVIDIA Ratings Report.
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