Evaluating NASDAQ:NVDA for Growth Investment Opportunities.

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

• The EPS of NVIDIA CORP has exhibited growth from one quarter to another (Q2Q), with a 152.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• With impressive quarter-to-quarter (Q2Q) revenue growth of 122.0%, 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 3-year EPS growth of NVIDIA CORP (73.17%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With a favorable Return on Equity (ROE) of 91.15%, NVIDIA CORP demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• The Relative Strength (RS) of NVIDIA CORP has consistently been strong, with a current 97.79 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. NVIDIA CORP demonstrates promising potential for sustained price momentum.
• With a Debt-to-Equity ratio at 0.15, 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.
• With institutional shareholders at 63.86%, NVIDIA CORP demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

Technical Analysis Observations

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.

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 long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, NVDA did better than 97% of all other stocks. On top of that, NVDA also shows a nice and consistent pattern of rising prices.
• NVDA is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 98% of 108 stocks in the same industry.
• 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 100.95 - 131.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

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

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score 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 gets an excellent profitability rating and is at the same time showing great financial health properties. NVDA is growing strongly while it is still valued neutral. This is a good combination! 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.

More growth stocks can be found in our CANSLIM screen.

Keep in mind

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.