New Lifetime High Today: NVIDIA (NVDA)
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 $529.1 million.
- NVDA has traded 815,238 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 1.3%. NVDA has a PE ratio of 33. Currently there are 9 analysts that rate NVIDIA a buy, 1 analyst rates it a sell, and 11 rate it a hold.
The average volume for NVIDIA has been 8.5 million shares per day over the past 30 days. NVIDIA has a market cap of $19.5 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.13 and a short float of 14.5% with 4.84 days to cover. Shares are up 7.9% 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 3.4%. 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, 0.34, 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 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.
- Powered by its strong earnings growth of 37.50% and other important driving factors, this stock has surged by 70.76% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
- NVIDIA CORP has improved earnings per share by 37.5% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NVIDIA CORP reported lower earnings of $1.08 versus $1.12 in the prior year. This year, the market expects an improvement in earnings ($1.40 versus $1.08).
- You can view the full NVIDIA Ratings Report.
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