Why NVIDIA CORP (NASDAQ:NVDA) qualifies as a high growth stock.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if NVIDIA CORP (NASDAQ:NVDA) is suited for growth investing. Investors should of course do their own research, but we spotted NVIDIA CORP showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Why NASDAQ:NVDA may be interesting for canslim investors.

• In the most recent financial report, NVIDIA CORP reported a 486.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• NVIDIA CORP has achieved 265.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• The 3-year EPS growth of NVIDIA CORP (73.17%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• The Return on Equity(ROE) of NVIDIA CORP is 69.24%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of NVIDIA CORP has been consistently solid, with a current 98.24 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. NVIDIA CORP exhibits strong prospects for further price appreciation.
• With a current Debt-to-Equity ratio at 0.2, NVIDIA CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of NVIDIA CORP reflects a balanced investor ecosystem, with institutional shareholders owning 66.66%. This indicates a broader market participation and potential for increased trading liquidity.

What is the technical picture of NASDAQ:NVDA telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, NVDA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVDA is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, NVDA did better than 98% of all other stocks. We also observe that the gains produced by NVDA over the past year are nicely spread over this period.
• NVDA is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 100% of 107 stocks in the same industry.
• NVDA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVDA is lagging the market slightly.
• In the last month NVDA has a been trading in the 756.06 - 922.20 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of NVDA

A complete fundamental analysis of NASDAQ:NVDA

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Taking everything into account, NVDA scores 8 out of 10 in our fundamental rating. NVDA was compared to 107 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making NVDA a very profitable company, without any liquidiy or solvency issues. NVDA is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes NVDA very considerable for growth and quality investing!

For an up to date full fundamental analysis you can check the fundamental report of NVDA

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.