Is NASDAQ:NVDA a Fit for Growth Investing Strategies?

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.

Looking into the canslim metrics of NVIDIA CORP

• The EPS of NVIDIA CORP has exhibited growth from one quarter to another (Q2Q), with a 101.0% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• NVIDIA CORP has achieved significant quarter-to-quarter (Q2Q) revenue growth of 93.61%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• 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 has achieved an impressive Return on Equity (ROE) of 95.71%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of NVIDIA CORP has consistently been strong, with a current 96.78 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 current Debt-to-Equity ratio at 0.13, NVIDIA CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• NVIDIA CORP exhibits a favorable ownership structure, with an institutional shareholder ownership of 71.39%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

What is the technical picture of NASDAQ:NVDA telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 9 out of 10 to NVDA. In the last year, NVDA was one of the better performers, but we do observe some doubts in the very recent evolution.

• 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.
• When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 96% 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 95% 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 131.80 - 152.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

A complete fundamental analysis of NASDAQ:NVDA

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous 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! This makes NVDA very considerable 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.

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.