NVIDIA Price Analysis December 2022

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At the time of writing, NVDIA’s stock price is sitting at $182.19, a 1.47 point increase and an overall 0.81% growth in the last 24 hours. NVIDIA is currently looking very bullish, reporting positive growth overall during December and looking strong going into 2023.
nvidia stock

At the time of writing, NVDIA’s stock price is sitting at $182.19, a 1.47 point increase and an overall 0.81% growth in the last 24 hours.

NVIDIA is currently looking very bullish, reporting positive growth overall during December and looking strong going into 2023.

Let’s take a look at its past and current performance to see where it’s headed.

Technical Analysis

2022 has been a particularly rough year for NVIDIA. The company started the year trading at $296, but dipped to $112 by October, losing almost 63% of its value.

However, the stock’s price has grown consistently from its October slump, and at its current price of $182.15 it has grown about 62.5% ($70). 

If we look at the projection during December, things will only get better. In the past years, December has always been a good month for NVIDIA. With the exception of 2021, where it started to dip and went from $296 to $228 between December and January, losing 22.97% of its stock value.  

But December 2022 looks to be a return to form for NVIDIA, which grew $10 in a day between the 12th and the 13th, and while the price has since decreased by $5, it continues to trend upwards again.

nvidia price chart

NVIDIA’s evolution during December. Chart by Yahoo Finance.

Currently, NVIDIA stock is earning $0.81 per share, and its next reporting date for earnings is on February 16 of 2023.

Let’s take a look at NVIDIA’s moving average for the five, twenty, and fifty day periods:

  • 5 day period: $175 moving average with a $17.85 price change and a 11.07% change.
  • 20 day period: $164 moving average with a $12.39 price change and a 7.43% change.
  • 50 day period: $145 moving average with a $47.38 price change and a 35.98% change.

With the share price above its five, twenty, and fifty-day exponential moving averages, the current trend is considered strongly bullish and NVDA is seeing some selling pressure.

Looking at 2023, there’s 3 major potential catalysts that could take NVIDIA into the $200s, and even higher. These are:

  • Growth in the cloud gaming sector

NVIDIA’s business took a slump in 2022 due to weaker GPU demand. However, continued growth of its GeForce Now service and membership rates could mitigate that weakness and offer them a great revenue source in the long run.

  • Continuing growth in the automotive sector

Last quarter, Nvidia’s automotive and embedded revenue grew 86% compared to the previous year to $251 million. Since multiple automakers and component manufacturers are deploying the chipmaker’s systems, this impressive growth is not surprising. If this is mirrored in 2023, then the stock price is likely to grow further.

  • Data center services with increased adoption

The chipmaker saw growth in its data center services last quarter. In the segment, revenue increased 31% year over year to $3.8 billion, accounting for 64% of the company’s revenue. If the trend continues into 2023, and everything is pointing that way, then the company could grow its revenue substantially.

Overall, NVIDIA holds a “Strong Buy” rating among most Wall Street analysts. Based on its current performance, and potential catalysts for price increase, NVIDIA could reach new heights in 2023.

NVIDIA Analysis Conclusion

NVIDIA had a difficult 2022 overall, October in particular, but its price has grown substantially in December, and it’s currently in a bullish trend that doesn’t look like it will slow down any time soon. Most Wall Street Analysts consider this a strong buy stock at the moment, and some strong growth catalysts for 2023 mean that it could grow even further next year.

Does NVIDIA Pay a Dividend?

Yes it does. NVIDIA’s dividend yield is 0.09%, and since the end of last year, it has paid $0.16 per share in dividends to its shareholders. Dividends are paid every three months, and the last ex-dividend date was Nov 30, 2022.

How much stock do Nvidia employees get?

Yes, they do. NVIDIA usually refers to RSUs as NSUs (NVIDIA Stock Units). It’s the same thing as RSUs, despite the different names. Every vesting date throughout the year is standardized, regardless of when the vesting begins. A vesting date is scheduled for the third Wednesday of March, June, September, and the second Wednesday of December.
Vesting of main NSUs occurs every four years:
Vests 25% in the first year (25.00% annually)
In the second year, 25% vests (6.25 percent quarterly).
3rd-year vesting of 25% (6.25 percent quarterly)
After 4 years (6.25% a quarter), 25% vests
NVIDIA also has an Employee Stock Purchase Plan that lets employees buy NVIDIA shares at a discount to their market price.

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