Why NASDAQ:NVDA qualifies as a CANSLIM stock.

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.

Some of the canslim metrics of NASDAQ:NVDA highlighted

• The quarterly earnings of NVIDIA CORP have shown a 101.0% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• With impressive quarter-to-quarter (Q2Q) revenue growth of 93.61%, 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.
• NVIDIA CORP has experienced 73.17% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• With a solid Return on Equity (ROE) of 95.71%, NVIDIA CORP exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
• NVIDIA CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 94.52 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.
• With a Debt-to-Equity ratio at 0.13, 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.
• The ownership composition of NVIDIA CORP reflects a balanced investor ecosystem, with institutional shareholders owning 66.85%. This indicates a broader market participation and potential for increased trading liquidity.

In-Depth Technical Analysis of NASDAQ:NVDA

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

Taking everything into account, NVDA scores 9 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 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 94% 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 109 other stocks in this industry. NVDA outperforms 90% of them.
• 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 128.22 - 153.13 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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

Fundamental Analysis Observations

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple 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 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. These ratings could make NVDA a good candidate for growth and quality investing.

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

More growth stocks can be found 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.