NVDA investors were were unimpressed with the company's recent product unveilign. As Barrons's reports: "Getting a jump on the parade of announcements to come at this week's CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday morning, unveiling updates to its gaming, robotics, and auto businesses." For more coverage, read the full article here. On the back of this news, NVIDIA sank -3.3% to a price of $141.31.
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, NVIDIA has a trailing 12 month P/E ratio of 37.9 and a P/B ratio of 16.3.
NVIDIA has moved -50.1% over the last year compared to -19.9% for the S&P 500 -- a difference of -30.2%. NVIDIA has a 52 week high of $304.68 and a 52 week low of $108.13. At today's price of $141.31 per share, NVIDIA is -27.84% away from its target price of $195.83, and on average, analysts give the stock a rating of buy. 1.4% of the company's shares are linked to short positions, and 67.1% of the shares are owned by institutional investors.