ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) is a candidate for growth investors. Here's why.

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.

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
• ASML HOLDING NV-NY REG SHS has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 52.25%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning 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.
• 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 maintained a healthy Relative Strength (RS) over the analyzed period, with a current 91.57 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. ASML HOLDING NV-NY REG SHS is well-positioned for potential price growth opportunities.
• 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 18.93% 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.

Technical Analysis Observations

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall ASML gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ASML has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• ASML is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 85% of 106 stocks in the same industry.
• A new 52 week high is currently being made by ASML, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
• In the last month ASML has a been trading in the 696.08 - 884.00 range, which is quite wide. It is currently trading near the high of this range.
• Looking at the yearly performance, ASML did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
• Volume is considerably higher in the last couple of days.

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

What is the full fundamental picture of NASDAQ:ASML telling us.

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.

Overall ASML gets a fundamental rating of 7 out of 10. We evaluated ASML against 106 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making ASML a very profitable company, without any liquidiy or solvency issues. 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.

Check the latest full fundamental report of ASML for a complete fundamental analysis.

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

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.