Why the growth investor may take a look at NASDAQ:NVDA.

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

Some of the canslim metrics of NASDAQ:NVDA highlighted

• The earnings per share (EPS) of NVIDIA CORP have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 461.0% increase. This reflects the company's ability to improve its profitability over time.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 262.0%, NVIDIA CORP showcases its ability to generate increased sales and revenue. This growth indicates the company's strong customer demand and its effective business strategies.
• The EPS of NVIDIA CORP has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• In terms of Return on Equity(ROE), NVIDIA CORP is performing well, achieving a 86.68% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• The Relative Strength (RS) of NVIDIA CORP has been consistently solid, with a current 98.95 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.
• Maintaining a Debt-to-Equity ratio of 0.17, NVIDIA CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 6.56% of the total shares held by institutional investors, NVIDIA CORP 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

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

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

• The long and short term trends are both positive. This is looking good!
• 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 99% of 108 stocks in the same industry.
• NVDA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month NVDA has a been trading in the 93.25 - 140.76 range, which is quite wide. It is currently trading near the high of this range.
• Volume is considerably higher in the last couple of days.

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

Fundamental Analysis Observations

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

NVDA gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. NVDA has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NVDA is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make NVDA suitable for growth and quality investing!

Our latest full fundamental report of NVDA contains the most current fundamental analsysis.

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.