Why NASDAQ:NVDA is Poised for High Growth.

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.

• NVIDIA CORP has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 152.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• The recent q2q revenue growth of 122.0% of NVIDIA CORP showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• 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.
• NVIDIA CORP showcases a robust Return on Equity (ROE) of 91.15%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of NVIDIA CORP has consistently been strong, with a current 97.24 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.
• NVIDIA CORP demonstrates a balanced ownership structure, with institutional shareholders at 63.86%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

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.

Taking everything into account, NVDA scores 10 out of 10 in our technical rating. 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!
• When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 97% 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 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 103.69 - 127.67 range, which is quite wide. It is currently trading near the high of this range.

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

Zooming in on the fundamentals.

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.

Taking everything into account, NVDA scores 8 out of 10 in our fundamental rating. 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!.

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

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.