Is NASDAQ:ASML suited for CANSLIM investing?

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

Why NASDAQ:ASML may be interesting for canslim investors.

• The EPS of ASML HOLDING NV-NY REG SHS has exhibited growth from one quarter to another (Q2Q), with a 39.27% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• ASML HOLDING NV-NY REG SHS has achieved significant quarter-to-quarter (Q2Q) revenue growth of 52.24%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• The 3-year EPS growth of ASML HOLDING NV-NY REG SHS (32.05%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With a solid Return on Equity (ROE) of 60.17%, ASML HOLDING NV-NY REG SHS exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• ASML HOLDING NV-NY REG SHS has achieved an impressive Relative Strength (RS) rating of 76.9, showcasing its ability to outperform the broader market. This strong performance positions ASML HOLDING NV-NY REG SHS as an attractive stock for potential price appreciation.
• With a current Debt-to-Equity ratio at 0.35, ASML HOLDING NV-NY REG SHS showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With 18.84% of the total shares held by institutional investors, ASML HOLDING NV-NY REG SHS showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Insights from Technical Analysis

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall ASML gets a technical rating of 4 out of 10. ASML has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

• The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
• ASML is part of the Semiconductors & Semiconductor Equipment industry. There are 105 other stocks in this industry. ASML outperforms 73% of them.
• In the last month ASML has a been trading in the 573.86 - 647.00 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, ASML did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
• ASML is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASML is lagging the market slightly.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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

A complete fundamental analysis of NASDAQ:ASML

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 105 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ASML is growing strongly while it is still valued neutral. This is a good combination! These ratings could make ASML a good candidate for growth and quality investing.

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

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.