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Aug 18, 2020

Nvidia (NVDA, $488.11) gets price target hike from BMO, ahead of earnings release

Nvidia   got a price target hike from BMO Capital. The semiconductor company is set to report its earnings on Wednesday.

 BMO Capital raising its price target on Nvidia shares from $425 to $565 – which represents 14% potential upside from Monday’s close price. BMO maintained outperform rating on the stock.

BMO expects Nvidia to report adjusted earnings of $1.93 a share on a revenue of around $3.65 billion.

"Given the continued run in shares, expectations are high. However, we expect the company to deliver on earnings and expectations," BMO analyst Ambrish Srivastava said. 

According to Tickeron, NVDA's Aroon indicator reaches into Uptrend on August 10, 2020

For traders, this could mean going long on the ticker or exploring call options in the next month. In 363 of 416 cases where NVDA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.

Current price $487.81 is above $374.67 the highest resistance line found by A.I. Throughout the month of 07/16/20 - 08/17/20, the price experienced a +22% Uptrend. During the week of 08/10/20 - 08/17/20, the stock enjoyed a +10% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator exceeded the 0 level on July 29, 2020. Traders may consider buying the ticker or exploring call options. In 62 of 73 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 85%.

The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where NVDA's MACD histogram became positive, in 41 of 48 cases, the price rose further within the following month. The odds of a continued Uptrend are 85%.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in 299 of 350 cases, the price rose further within the following month. The odds of a continued Uptrend are 85%.

Bearish Trend Analysis

The RSI Indicator demonstrated that the ticker has entered the overbought zone. Expect a price pull-back in the near future.

The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 37 of 54 cases where NVDA's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 69%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 84%. During the last month, the daily ratio of advancing to declining volumes was 2.49 to 1.

The Tickeron Price Growth Rating for this company is 1 (best 1 - 100 worst), indicating outstanding 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 Profit vs. Risk Rating rating for this company is 4 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 57, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 11 (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 SMR rating for this company is 22 (best 1 - 100 worst), indicating very strong sales and a profitable 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 Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly 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 Valuation Rating of 99 (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 (23.17) is slightly higher than the industry average of (5.13). P/E Ratio (92.15) is within average values for comparable stocks, (88.55). NVDA's Projected Growth (PEG Ratio) (174.12) is very high in comparison to the industry average of (6.12). Dividend Yield (0.26) settles around the average of (0.58) among similar stocks. NVDA's P/S Ratio (15.29) is very high in comparison to the industry average of (4.27).

Related Ticker: NVDA

NVDA's Indicator enters downward trend

The Aroon Indicator for NVDA entered a downward trend on April 15, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 145 similar instances where the Aroon Indicator formed such a pattern. In of the 145 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for NVDA moved out of overbought territory on March 26, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on April 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on March 15, 2024. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where NVDA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Price Growth Rating for this company is (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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Valuation Rating of (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 (50.761) is very high in comparison to the industry average of (6.473). P/E Ratio (73.273) is within average values for comparable stocks, (120.628). Projected Growth (PEG Ratio) (1.178) is also within normal values, averaging (2.560). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (35.842) is also within normal values, averaging (34.564).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Intel Corp (NASDAQ:INTC), Texas Instruments (NASDAQ:TXN), Micron Technology (NASDAQ:MU), Lam Research Corp (NASDAQ:LRCX).

Industry description

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.

Market Cap

The average market capitalization across the Semiconductors Industry is 41.11B. The market cap for tickers in the group ranges from 13.43K to 2.19T. NVDA holds the highest valuation in this group at 2.19T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -4%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 52%. WISA experienced the highest price growth at 87%, while SPVNF experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 56%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was 56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 47
Price Growth Rating: 80
SMR Rating: 69
Profit Risk Rating: 62
Seasonality Score: -13 (-100 ... +100)
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A.I.Advisor
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General Information

a manufacturer of computer graphics processors, chipsets, and related multimedia software

Industry Semiconductors

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Fundamentals
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Industry
Semiconductors
Address
2788 San Tomas Expressway
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+1 408 486-2000
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29600
Web
https://www.nvidia.com
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