FMP
Jun 25, 2024 7:09 AM - Parth Sanghvi
Image credit: Christian Wiediger
Nvidia (NASDAQ:NVDA) stock has been on a tear, recently trading at a significant premium above its long-term average. Let's delve into the reasons behind this surge and explore how the Double Exponential Moving Average (DEMA) (Financial Modeling Prep DEMA API Documentation) can be a valuable tool for analyzing this outlier.
Nvidia's Lofty Perch:
Nvidia's Growth Engine:
Several factors are fueling Nvidia's impressive run:
A Market Froth on the Horizon?
BTIG analysts express concern about a potential near-term correction for Nvidia and other high-flying tech stocks. They point to significant inflows into large-cap tech and growth funds, which could indicate market froth.
DEMA: See Through the Hype and Make Informed Decisions
Whether you believe Nvidia's dominance is sustainable or a correction is imminent, DEMA can be a valuable tool in your investment arsenal.
Don't Get Caught Up in the Hype!
While Nvidia's recent performance is impressive, basing investment decisions solely on short-term trends can be risky. Utilize DEMA to gain a more balanced perspective.
Here's what you can do:
Remember:
The stock market is inherently volatile, and Nvidia's current performance is just one piece of the puzzle. DEMA is a tool to help you analyze this information, but it's not a guaranteed prediction tool. Always conduct your own research and make investment decisions aligned with your risk tolerance and financial goals.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...