Delving into NASDAQ:ASML's Growth Prospects.

In this article we will dive into ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ASML HOLDING NV-NY REG SHS showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of ASML HOLDING NV-NY REG SHS

• The quarterly earnings of ASML HOLDING NV-NY REG SHS have shown a 39.27% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The q2q revenue growth of 52.25% of ASML HOLDING NV-NY REG SHS highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• 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.
• ASML HOLDING NV-NY REG SHS has achieved an impressive Return on Equity (ROE) of 60.17%, showcasing its ability to generate favorable returns for shareholders.
• ASML HOLDING NV-NY REG SHS has achieved an impressive Relative Strength (RS) rating of 77.14, 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.
• Maintaining a Debt-to-Equity ratio of 0.35, ASML HOLDING NV-NY REG SHS demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With institutional shareholders at 18.83%, ASML HOLDING NV-NY REG SHS demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical analysis of NASDAQ:ASML

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 7 out of 10 to ASML. Although ASML is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• ASML 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 ASML is lagging the market slightly.
• Looking at the yearly performance, ASML did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
• ASML is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 65% of 105 stocks in the same industry.

Our latest full technical report of ASML contains the most current technical analsysis.

A complete fundamental analysis of NASDAQ:ASML

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Taking everything into account, ASML scores 7 out of 10 in our fundamental rating. ASML was compared to 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, ASML could be worth investigating further for growth and quality investing!.

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

More growth stocks can be found in our CANSLIM screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.