Nvda stock split 20229/7/2023 ![]() ![]() The company’s announcement of a stock split last week will attract more investors as the shares become cheaper. Nvidia is a quality company that shows massive potential for growth. Bottom line: Buy Nvidia stock before split comes into effect Key support levels can be found at $581 and $565, or lower at $538. This creates bullish price targets at around the key resistance levels at $623 and $650. The upward momentum appears set to continue through this week as the sentiment remains positive. The stock still appears to have strong bullish momentum with the stock up nearly 4% on Monday morning as investors continued to react to Friday’s announcement of a stock split. Technically, shares of Nvidia appear to have recently bounced back off 2-month lows to trade at the current level of about $600. This is compelling to growth investors, regardless of a stock split. The high expectations for long-term earnings growth value the stock at a PEG ratio of just 2.05. ![]() Earnings are expected to grow more than 52% this year and at a compounded annual growth rate of about 22% over the next five years. Nevertheless, NVIDIA stock currently trades at a P/E ratio of about 89.20. Owning 10 shares of NVDA at $600 is worth $6,000 which is the same as owning 40 shares at $150. Technically speaking, the total value of the shares doesn’t change. This gives investors roughly two months to buy the stock at the current price. Nvidia’s stock split will take effect on July 19, after markets close, and shares will start trading at the split-adjusted price on July 21. If this is the case, should investors take advantage of the split and look to add NVDA stock to their portfolio? Outlook and growth ![]() The company’s stock closed last week at about $600 per share which implies a split-adjusted value of roughly $150.00 per share.Ī stock split is typically done to make shares more accessible to ordinary investors who typically avoid all stocks trading at a high price point. The company said on Friday that the split has already been approved by the board. Shares of Nvidia Corp ( NASDAQ:NVDA) popped more than 10% late last week following the announcement of a 4-for-1 stock split. ![]()
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