Exploring NVIDIA CORP (NASDAQ:NVDA)'s CANSLIM characteristics.

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.

Looking into the canslim metrics of NVIDIA CORP

• The quarterly earnings of NVIDIA CORP have shown a 72.48% 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
• NVIDIA CORP has demonstrated strong q2q revenue growth of 77.94%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• Over the past 3 years, NVIDIA CORP has demonstrated 88.81% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• In terms of Return on Equity(ROE), NVIDIA CORP is performing well, achieving a 91.87% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• The Relative Strength (RS) of NVIDIA CORP has been consistently solid, with a current 80.41 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.
• Maintaining a Debt-to-Equity ratio of 0.11, NVIDIA CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 67.04% of the total shares held by institutional investors, NVIDIA CORP showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Technical Analysis Observations

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 4 out of 10 to NVDA. Although NVDA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• NVDA is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 85% of 108 stocks in the same industry.
• The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
• When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, NVDA also shows a nice and consistent pattern of rising prices. However, we also see that NVDA couldn't keep up this performance in the last couple of months.
• NVDA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVDA is lagging the market slightly.

Our latest full technical report of NVDA contains the most current technical analsysis.

A complete fundamental analysis of NASDAQ:NVDA

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

NVDA gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 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 priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make NVDA suitable for growth and quality investing!

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

More ideas for growth investing can be found on ChartMill 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.