From Nasdaq: 2024-11-08 17:45:12

Nvidia (NVDA) closed at $147.65, down 0.83% from the previous day, underperforming the S&P 500. Over the past month, NVDA shares rose 10.44%, surpassing the sector and S&P 500 gains. With earnings set for November 20, 2024, projections include $0.74 per share and $32.81 billion in revenue, showing significant growth.

Investors should track analyst projections for Nvidia as they impact stock performance. The Zacks Rank model, with a #2 (Buy) rating for Nvidia, correlates estimate changes with price movements. NVDA’s Forward P/E ratio of 52.75 is higher than the industry average, but its PEG ratio of 1.48 is favorable compared to the industry’s 3.3.

The Semiconductor – General industry, where Nvidia operates, is in the top 6% of 250+ industries with a Zacks Industry Rank of 15. This sector’s strength is indicated by its average PEG ratio and the outperformance of top-rated industries. For more details, visit Zacks.com.

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Read more at Nasdaq: Nvidia (NVDA) Stock Dips While Market Gains: Key Facts