Delving into NASDAQ:NVDA's Growth Prospects.

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

Why NASDAQ:NVDA may be interesting for canslim investors.

• The EPS of NVIDIA CORP has exhibited growth from one quarter to another (Q2Q), with a 461.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• NVIDIA CORP has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 262.0%, 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 EPS of NVIDIA CORP has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• The Return on Equity (ROE) of NVIDIA CORP stands at 86.68%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• NVIDIA CORP has achieved an impressive Relative Strength (RS) rating of 98.01, showcasing its ability to outperform the broader market. This strong performance positions NVIDIA CORP as an attractive stock for potential price appreciation.
• With a Debt-to-Equity ratio at 0.17, NVIDIA CORP showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• NVIDIA CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 9.7%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Taking everything into account, NVDA scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• 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 109 stocks in the same industry.
• NVDA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NVDA is performing more or less in line with the market.
• In the last month NVDA has a been trading in the 102.54 - 136.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found 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

As part of its analysis, ChartMill provides a comprehensive Fundamental 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 fundamental indicators and properties.

Overall NVDA gets a fundamental rating of 8 out of 10. We evaluated NVDA against 109 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, NVDA could be worth investigating further for growth and quality investing!.

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

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

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.