Is NASDAQ:NVDA suited for growth investing?

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.

Why NASDAQ:NVDA may be interesting for canslim investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), NVIDIA CORP highlights its ability to generate increasing profitability, showcasing a 461.0% growth.
• The q2q revenue growth of 262.0% of NVIDIA CORP highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• NVIDIA CORP has achieved 73.17% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• 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.
• NVIDIA CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 98.34 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. NVIDIA CORP shows promising potential for continued price momentum.
• NVIDIA CORP exhibits a favorable Debt-to-Equity ratio at 0.17. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• NVIDIA CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 63.58%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

In-Depth Technical Analysis of NASDAQ:NVDA

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.

Overall NVDA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NVDA is showing a nice and steady performance.

• 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 part of the Semiconductors & Semiconductor Equipment industry. There are 109 other stocks in this industry. NVDA outperforms 99% of them.
• NVDA 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 NVDA is lagging the market slightly.
• In the last month NVDA has a been trading in the 90.69 - 130.75 range, which is quite wide. It is currently trading near the high of this range.

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

What else is there to say on the fundamentals of NASDAQ:NVDA?

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

We assign a fundamental rating of 8 out of 10 to NVDA. NVDA was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. NVDA gets an excellent profitability rating and is at the same time showing great financial health properties. NVDA is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, NVDA could be worth investigating further 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

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.