Exploring NASDAQ:NVDA's CANSLIM characteristics.

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.

Looking into the canslim metrics of NVIDIA CORP

• NVIDIA CORP has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 461.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• NVIDIA CORP has demonstrated strong q2q revenue growth of 262.0%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• NVIDIA CORP has experienced 73.17% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• With a solid Return on Equity (ROE) of 86.68%, NVIDIA CORP exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• NVIDIA CORP has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.71 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. NVIDIA CORP is well-positioned for potential price growth opportunities.
• With a current Debt-to-Equity ratio at 0.17, 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 6.6%. This indicates a broader market participation and potential for increased trading liquidity.

Deciphering the Technical Picture of NASDAQ:NVDA

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.

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.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 98% of all 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 107 stocks in the same industry.
• NVDA is currently trading near its 52 week high, which is a good sign. 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 118.04 - 140.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
• 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 NVDA

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.

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 growing strongly while it is still valued neutral. This is a good combination! These ratings could make NVDA a good candidate for growth and quality investing.

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

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.