Is NVIDIA CORP (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.

What matters 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.
• 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.
• Over the past 3 years, NVIDIA CORP has demonstrated 73.17% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The Return on Equity(ROE) of NVIDIA CORP is 91.15%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of NVIDIA CORP has been consistently solid, with a current 98.43 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. NVIDIA CORP exhibits strong prospects for further price appreciation.
• NVIDIA CORP maintains a healthy Debt-to-Equity ratio of 0.15. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
• NVIDIA CORP demonstrates a balanced ownership structure, with institutional shareholders at 64.11%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical Analysis Observations

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

We assign a technical rating of 10 out of 10 to NVDA. 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 98% of all 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 99% of 108 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.
• NVDA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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

How does the complete fundamental picture look for NASDAQ:NVDA?

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Taking everything into account, NVDA scores 8 out of 10 in our fundamental rating. NVDA was compared to 108 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 not overvalued while it is showing excellent growth. This is an interesting combination. 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.

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

Disclaimer

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.