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Nvidia (NVDA, $190.40) beats Q2 earnings expectations
Nvidia reported fiscal second-quarter earnings that exceeded analysts’ expectations.
For the quarter ended Aug. 1, the semiconductor company’s adjusted earnings came in at $1.04 a share, compared to the $1.02 a share expected by analysts polled by FactSet.
Revenue was $6.51 billion, surpassing analysts’ estimate of $6.33 billion. It was $3.87 billion in the year-ago quarter. Gaming revenue rose +85% year-over-year to $3.06 billion in the quarter, accounting for 47% of total revenue.
For the third quarter, Nvidia projects revenue at $6.8 billion, plus or minus 2%. FactSet's survey reveals analysts’ forecast of $6.57 billion.
NVDA's Stochastic Oscillator is remaining in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Current price $177.06 crossed the resistance line at $181.02 and is trading between $181.02 resistance and $121.02 support lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -18% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -5%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NVDA's RSI Indicator exited the oversold zone, 11 of 13 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 85%.
Following a +4.10% 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 279 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
NVDA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on May 09, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 34 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.
The 10-day Moving Average for NVDA crossed bearishly below the 50-day moving average on April 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 47%.
The 50-day Moving Average for NVDA moved below the 200-day moving average on April 20, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for NVDA entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.16.
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 30 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 64 (best 1 - 100 worst), indicating steady price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 88 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 90 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NVDA's P/B Ratio (16.667) is slightly higher than the industry average of (6.374). P/E Ratio (46.083) is within average values for comparable stocks, (47.651). Projected Growth (PEG Ratio) (2.332) is also within normal values, averaging (1.567). NVDA has a moderately low Dividend Yield (0.001) as compared to the industry average of (0.020). P/S Ratio (16.667) is also within normal values, averaging (28.261).
The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
The average market capitalization across the Semiconductors Industry is 21.1B. The market cap for tickers in the group ranges from 13.4K to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is CYBL at 13.4K.
- 5/10/22 5:36 AM: NVIDIA (NVDA, $169.5), market cap jumped by $26.1B
- 5/6/22 5:04 AM: NVIDIA (NVDA, $188.44) saw a $53.5B market cap increase this week
- 4/29/22 5:51 AM: NVIDIA (NVDA, $197.82) saw a $70.8B market cap increase this week
The average weekly price growth across all stocks in the Semiconductors Industry was -2.38%. For the same Industry, the average monthly price growth was -6.82%, and the average quarterly price growth was -24.48%. BCHPY experienced the highest price growth at 15.33%, while WSKEF experienced the biggest fall at -63.1%.
- 5/5/22 4:57 AM: NVIDIA (NVDA, $203.34) was a top weekly gainer, with a +10.42% jump
- 4/6/22 8:51 AM: NVIDIA (NVDA, $259.31) was a top loser this week, declining -9.51%
- 3/16/22 5:12 AM: NVIDIA (NVDA, $229.73) was a top weekly gainer, with a +6.78% jump
The average weekly volume growth across all stocks in the Semiconductors Industry was 3.39%. For the same stocks of the Industry, the average monthly volume growth was 32.54% and the average quarterly volume growth was 17.62%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1.04 to 1.
51 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 73%.
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), Advanced Micro Devices (NASDAQ:AMD), Analog Devices (NASDAQ:ADI), Micron Technology (NASDAQ:MU), KLA Corp (NASDAQ:KLAC), Marvell Technology (NASDAQ:MRVL).
The average market capitalization across the group is 23.9B. The market cap for tickers in the group ranges from 0 to 515.7B. NVDA holds the highest valuation in this group at 515.7B. The lowest valued company is SNTE at 0.
- 5/10/22 5:36 AM: NVIDIA (NVDA, $169.5), market cap jumped by $26.1B
- 5/6/22 5:04 AM: NVIDIA (NVDA, $188.44) saw a $53.5B market cap increase this week
- 5/6/22 5:04 AM: Taiwan Semiconductor Manufacturing (TSM, $92.15), market cap dropped by $20.6B
The average weekly price growth across all stocks in the group was -2.87%. For the same group, the average monthly price growth was -7.9%, and the average quarterly price growth was -29.61%. CPMV experienced the highest price growth at 30.43%, while WISA experienced the biggest fall at -33.54%.
- 5/14/22 4:24 AM: Shoals Technologies Group (SHLS, $12.58) was a top loser this week, declining -7.3%
- 5/14/22 4:24 AM: Rambus (RMBS, $24.42) was a top loser this week, declining -5.28%. Expect a Downtrend reversal
- 5/14/22 4:24 AM: Entegris (ENTG, $109.24) was a top loser this week, declining -5.06%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 48.23%. For the same stocks of the group, the average monthly volume growth was 186.94% and the average quarterly volume growth was 155.77%
- 5/12/22 5:32 AM: The volume for WiSA Technologies stock increased for one day, resulting in a record-breaking daily growth of 311% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Infineon Technologies AG stock increased for one day, resulting in a record-breaking daily growth of 506% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Silicon Motion Technology stock increased for one day, resulting in a record-breaking daily growth of 276% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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