Is NASDAQ:NVDA suited for CANSLIM 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.

• In the most recent financial report, NVIDIA CORP reported a 152.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• NVIDIA CORP has achieved 122.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• 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.
• 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.
• NVIDIA CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 97.27 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.
• Maintaining a Debt-to-Equity ratio of 0.15, NVIDIA CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• NVIDIA CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 71.36%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Insights from Technical Analysis

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.

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.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, NVDA did better than 97% 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 108 other stocks in this industry. NVDA outperforms 99% of them.
• 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.
• In the last month NVDA has a been trading in the 132.11 - 149.77 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 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.

We assign a fundamental rating of 8 out of 10 to NVDA. NVDA was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making NVDA a very profitable company, without any liquidiy or solvency issues. NVDA is growing strongly while it is still valued neutral. This is a good combination! These ratings could make NVDA a good candidate 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.

Disclaimer

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.