NVIDIA CORP (NASDAQ:NVDA) is a candidate for growth investors. Here's why.

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

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), NVIDIA CORP highlights its ability to generate increasing profitability, showcasing a 101.0% growth.
• 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.
• The Return on Equity(ROE) of NVIDIA CORP is 95.71%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• NVIDIA CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 96.52 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.
• NVIDIA CORP maintains a healthy Debt-to-Equity ratio of 0.13. 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 exhibits a favorable ownership structure, with an institutional shareholder ownership of 66.85%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.

Analyzing the Technical Aspects

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 8 out of 10 to NVDA. 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 short term is neutral, but the long term trend is still positive. Not much to worry about 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. On top of that, NVDA also shows a nice and consistent pattern of rising prices.
• NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 108 other stocks in this industry. NVDA outperforms 93% of them.
• NVDA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NVDA is performing more or less in line with the market.
• In the last month NVDA has a been trading in the 126.86 - 146.54 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.

Fundamental analysis of NASDAQ:NVDA

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

Overall NVDA gets a fundamental rating of 8 out of 10. We evaluated NVDA against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. NVDA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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.