$NVDA has been the best performing semiconductor stock for 2016. But the stock is woefully stretched by any measure. It’s kind of funny that people are freaking the fuck out and selling now, just because Citron issued this tweet, warning that the stock is vulnerable to a little downside. They believe the shares are heading to $90.
Citron readers know we have long been fans of $NVDA,but now the mkt is disregarding headwinds. In 2017 we will see $NVDA head back to $90 pic.twitter.com/n4U7f6eV7G
— Citron Research (@CitronResearch) December 28, 2016
In Exodus, we visualize valuations using graphs, in order to crystallize data. Have a look at NVDA’s PE, p/s, p/b and fair value analysis and tell me the stock isn’t ridiculously overvalued here, based off historical norms.
Just a coincidence this came out at the moment the stock completed the famous 80 to 120 run….