How to Buy Nvidia Stock
Nvidia Corp
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally.
Nvidia stock last closed at $946.30, up 3.58% from the previous day, and has increased 226.84% in one year. It has overperformed other stocks in the Semiconductors industry by 1.77 percentage points. Nvidia stock is currently +221.54% from its 52-week low of $294.30, and -2.84% from its 52-week high of $974.00.
At the moment, there are 2.5B NVDA shares outstanding. The market cap of NVDA is $2.37T. In the past 24 hours, 41.17M NVDA shares were traded.
How to Buy Nvidia Stock
Not sure how to invest in Nvidia stock? Here's how.
- Decide where to buy Nvidia stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Nvidia stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Research Nvidia stock: The Nvidia ticker symbol is NVDA. Is Nvidia stock a good investment? Should you buy shares of NVDA? How do NVDA's underlying business fundamentals look? Do top analysts think Nvidia is a good buy? Why has NVDA's stock price moved recently? (Hint: Our stock research website can help you decide if NVDA is a good stock to buy).
- Place your NVDA purchase: Decide if you will purchase NVDA shares at the current market price or use a limit order to buy NVDA shares at a particular price.
- Get key alerts regarding your investment in NVDA: Create a watchlist to monitor your position in Nvidia shares.
Step 1: Decide where to buy Nvidia stock
You will need an online brokerage account to access the NASDAQ market and buy NVDA shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can invest in NVDA today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on the best beginner stock app, you need to deposit funds:
Watch the walkthrough below for more details depositing funds into your new investment account.
Step 4: Research Nvidia stock
Once you have selected the best place to buy Nvidia stock, it's crucial to research their stock before you buy, so you truly comprehend the risk and opportunity.
Nvidia Numbers
NVDA Overview
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on NVDA's stock page.
How is NVDA stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NVDA's fair value.
Using relative valuations metrics:
- NVDA may be overvalued based on its P/E ratio of 78.53x, relative to Semiconductors industry P/E ratio of 67.52x
- NVDA may be overvalued based on its P/B ratio of 55.05x, relative to Semiconductors industry P/B ratio of 8.53x
- NVDA could be overvalued based on its PEG ratio of 2.25x
You can do additional valuation research on NVDA's stock here.
NVDA Financial Overview
Signs that NVDA is financially healthy:
- NVDA profit margin has gone up from 16.2% to 48.8% in the past year.
- There are more short-term assets than long-term liabilities on the NVDA balance sheet.
- There are more short-term assets than short-term liabilities on the NVDA balance sheet.
- NVDA earnings of $34.08B is not sufficient to cover its interest payments.
- NVDA's operating cash flow of $28.09B allows it to safely service it's debt of $10.83B.
Signs that NVDA is not financially healthy:
- Total NVDA debt is higher than 5 years ago, relative to shareholder equity.
- NVDA has a relatively high debt to equity ratio of 0.53.
Do Wall Street analysts think it's a good time to buy NVDA stock
Out of 34 Wall Street analysts who monitor NVDA, the consensus analyst rating on NVDA is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest NVDA Analyst Upgrades/Downgrades
Mark Lipacis, a top 2% analyst from Evercore ISI Group initiates coverage on NVDA with a buy rating and announces their NVDA price target of $1,160.00, on Apr 16, 2024.
Evercore ISI Group's Mark Lipacis initiated their coverage on Nvidia (NASDAQ: NVDA) with a Buy rating and a $1,160 price target.
In a sector review note entitled, "The Tectonic Shift in Computing to The Parallel Processing Era," initiating coverage on Technology sector names, Lipacis said about Nvidia that Evercore ISI Group takes the view that "investors underestimate the importance of the chip, hardware, and software ecosystem that Nvidia has created."
The analyst argued that "computing eras last 15 to 20 years," and are "typically dominated by a single vertically integrated ecosystem company, whose returns are measured in the 100-to-1000 bagger range."
Srini Pajjuri, a top 5% analyst from Raymond James maintains NVDA with a strong buy rating and raises their NVDA price target from $850.00 to $1,100.00, on Apr 11, 2024.
John Vinh, a top 1% analyst from KeyBanc maintains NVDA with a strong buy rating and raises their NVDA price target from $1,100.00 to $1,200.00, on Apr 8, 2024.
Christopher Rolland, a top 1% analyst from Susquehanna maintains NVDA with a strong buy rating and maintains their NVDA price target from $1,050.00 to $1,050.00, on Apr 4, 2024.
Matthew Ramsay, a top 9% analyst from TD Cowen maintains NVDA with a buy rating and raises their NVDA price target from $900.00 to $1,100.00, on Mar 21, 2024.
You can dig deeper into what analysts are projecting on the Nvidia stock forecast page.
NVDA Momentum
Is NVDA Making Money?
Last year, NVDA earnings were $29.76B. During the last five year, NVDA's earnings have grown by 47.91% per year. This was faster than the Semiconductors industry average of 29.01%.
Last year, NVDA revenue was $60.92B. Over the last five year, NVDA's revenue has grown by 39.06% per year. This was faster than the Semiconductors industry average of 25.45%.
You can research NVDA's earnings and revenue performance here.
Latest Insiders Trades at NVDA
Over the past 12 months, executives and large shareholders at NVDA have sold more shares than they have bought.
Mark A. 3. Stevens, Director of NVDA, was the latest NVDA insider to sell. They sold $10,147,140.00 worth of NVDA shares on Apr 5, 2024.
Learn more about who owns NVDA stock here.
Does NVDA stock generate passive income?
Nvidia pays a dividend of 0.02%, compared to the Semiconductors industry's average dividend yield of 9.29%. If you owned $1,000 worth of NVDA stock, you would have received $0.17 last year.
Nvidia dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Nvidia dividend yield and history here.
NVDA Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your NVDA purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and eToro will place the order.
If you want more help investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in NVDA
Now that you own some NVDA stock, you'll want to stay up-to-date on your investment.
Start a watchlist to track your NVDA stock.
NVDA Feed
How to Buy Stock in Nvidia
To summarize, here are the 6 steps you need to take to buy Nvidia stock right now:
- Decide where to buy Nvidia stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Nvidia stock
- Place your NVDA purchase
- Get key alerts regarding your investment in NVDA
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Nvidia, click the button below.
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