The stock price that has the highest probability of being reached after Nvidia (NVDA) earnings call on July 3, 2024, would be between $117 and $129, as these prices are within the range of the 5% up or down move that is expected after the earnings call.
- Current Stock Price: As of the latest data, the stock price is $123.21.
- Analyst Expectations: Analysts have set an average price target of $135.81 for Nvidia, with a high forecast of $200 and a low forecast of $15.
- Recent Performance: The stock has experienced a slight decline over the past week, with a -2.43% change.
- Moving Averages: The 5-day and 10-day moving averages are above the current trading price, indicating a potential downward trend.
- Earnings Growth: Nvidia is expected to report strong earnings growth, with estimated EPS for the quarter ending June 30, 2023, of $3.09.
- Market Conditions: The broader market conditions and investor sentiment will also play a role in determining the stock's price movement.
The expected 5% up or down move after the earnings call suggests that the stock price could fluctuate between $117.67 (5% down from $123.21) and $129.54 (5% up from $123.21). These prices are within the range of the recent stock price performance and the analyst price targets.
It's important to note that these probabilities are based on the available data and market conditions, and the actual stock price movement will depend on various factors, including the company's financial performance, guidance, and market conditions. The earnings report will be a significant catalyst for the stock's price movement, and investors should closely monitor the report for any indications of future growth and market trends.
7/2/2024 05:57pm
