![]() ![]() The company’s graphic cards experienced huge demand from crypto miners at the beginning of this year, and Nvidia was even forced to reduce hash rates at some cards so that these cards can find their way to gamers. However, such valuations are often seen in high-flying tech stocks. ![]() For the full year 2021, Nvidia is expected to report earnings of $13.59 per share, while the company’s earnings are projected to grow to $15.37 per share in 2022.Īt current levels, the stock is trading at 39 forward P/E for 2022 which is not cheap. Analysts expect that the company will report earnings of $3.27 per share. Nvidia is expected to report its quarterly results on May 26, after the market close. When the price of one share drops after the split, the stock will become more attractive for a larger pool of potential investors, which is bullish for Nvidia. With the price of roughly $600 per share, Nvidia stock is not easily accessible to some investors who do not have a big account and want to hold a diversified portfolio. The company anticipates that the stock would begin to trade on a split-adjusted basis on July 20. In case the split is approved by the company’s shareholders at the annual meeting on June 3, 2021, each NVIDIA shareholder of record at the close of business on Jwill get three more shares of Nvidia’s common stock. The company stated that the move will make stock ownership more accessible to investors and employees. Shares of Nvidia opened with a gap up today after the company announced a four-for-one split of its common stock. ![]() Nvidia Announced A Four-For-One Split Of Its Stock ![]()
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