NVIDIA It is re-emerging in the market after a difficult month in which it has lost almost 8% of what it has earned so far in 2021. The Big Tech have been punished in the market for the same reasons that now begin to emerge: upward bond yields, authentic snake venom for companies in the sector.
At the moment the value has margin up to two of its important events. We talk about your conference for developers with all the news of the company that will be held, virtually between November 8 and 11. There we will know what Nvidia is working on and its future plans in Artificial Intelligence and other matters.
Too regarding your results, that still do not have an official date but it is estimated that they will be known on November 17, in a quarter that the market awaits with good forecasts. It is expected to improve compared to last year in which it obtained an earnings per share of $ 0.6. Current estimates are at $ 0.90 per title.
Among the latest news of the company, it stands out the rise in price of their graphics cards, especially in Europe, despite a summer with prices that had been frozen by the rise in stock of GPUs. Of course, already in September the trend changed, with a new reduction in stock, due to the fall in chips. Its price is currently 72% above the recommended price by the distributor and specifically rose 22% compared to the summer, in which the increase was 50%.
Demand is still much higher than production capacity and it seems that the problem, despite the fact that in many cases it will be solved next year, according to Intel, will not improve until 2023. Although at the level of Nvidia, that price increase, if it will help improve the company’s income.
In its quotation graph we see how the value has lost 4% in the last three sessions, in a profit taking after advancing more than 6% in the two preceding days. In the month, the value loses a significant 8%, with three months in which the advances barely reached 1%. Ta in the semester recovers 36% and in the annual calculation, it gains 58.3%.
Regarding the value recommendations, we collect those of the consensus of The Wall Street Journal of the 42 analysts who follow the value 28 choose to buy it, 6 choose to overweight the security, 6 more to hold, one to underweight and one more to sell. From a month to this part, only one of the experts has changed his opinion from buying to holding. Your average target price, stands at $ 333 per share, even above, although with a limited route, its annual maximums.
In the case of CNN Money’s average PO in the market stands at $ 232.5 per share with 28 analysts choosing to buy, 6 to overweight, 6 more to hold, one for underweight and one for dumping it in the market. From TipRanks We see how of the 25 analysts that follow the value 23 choose to buy, one opts to keep their shares and one to sell the Nvidia titles in the market. Its median price target, $ 239.52, with a potential of 15.41% for its shares.
The premium indicators of Investment Strategies show us a downward trend for the value with a reduction of one point until reaching 1.5 points out of the 2.5 possible for the value. Between the positive, the long-term volume that is increasing and the decreasing volatility in the medium term, the rest downward trend in both aspects, negative fast and slow total moment and also decreasing business volume in the medium term. Long-term volatility also remains increasing for the security.
Disclaimer: This article is generated from the feed and not edited by our team.