27 September 2022
By : Quick Insurance Guru
Popular chipmaker NVIDIA Corporation (NVDA) received restrictions on exports of two of its top chips to China.
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who had been a strong proponent of NVDA for a long time, has recently turned bearish on the company's stock following its Ethereum venture.
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The stock has declined 44.6% over the past year and 58.4% year-to-date to close its last trading session at $122.28. It is down 21.5% over the past month.
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For the fiscal second quarter that ended July 31, NVDA's revenue increased 3% year-over-year to $6.70 billion.
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However, non-GAAP net income decreased 50.7% from the prior-year quarter to $1.29 billion.
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Non-GAAP net income per share declined 51% from the same period the prior year to $0.51.
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In terms of its forward EV/Sales, NVDA is trading at 11.30x, 375.5% higher than the industry average of 2.38x.
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The stock's forward EV/EBITDA multiple of 49.12 is 322.1% higher than the industry average of 11.64.
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In terms of its forward Price/Sales, NVDA is trading at 11.49x, 368.1% higher than the industry average of 2.46x.
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The consensus EPS estimates of $0.71 and $0.79 for the quarters ending October 2022 and January 2023 indicate 39.3% and 40.2% year-over-year decreases.
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Street EPS estimate for the current fiscal year (ending in 2023) of $3.37 reflects a decline of 24.1% from the prior year.
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The consensus revenue of $6.21 billion for the quarter ending January 2023 indicates an 18.7% year-over-year decline.
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