Overall market sentiment has been down on NVIDIA Corp (NVDA) stock lately. NVDA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
NVIDIA Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NVDA!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With NVDA Stock Today?
NVIDIA Corp (NVDA) stock is down -0.17% while the S&P 500 is up 0.51% as of 3:49 PM on Friday, Dec 1. NVDA is lower by -$0.80 from the previous closing price of $467.70 on volume of 31,858,647 shares. Over the past year the S&P 500 has risen 12.52% while NVDA is up 175.90%. NVDA earned $7.57 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 61.66.
More About NVIDIA Corp
Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's products.
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