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ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) is a candidate for growth investors. Here's why.

By Mill Chart

Last update: Nov 30, 2023

In this article we will dive into ASML HOLDING NV-NY REG SHS (NASDAQ:ASML) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ASML HOLDING NV-NY REG SHS showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Why NASDAQ:ASML may be interesting for canslim investors.

  • The earnings per share (EPS) of ASML HOLDING NV-NY REG SHS have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 39.27% increase. This reflects the company's ability to improve its profitability over time.
  • ASML HOLDING NV-NY REG SHS has achieved 52.24% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
  • The EPS of ASML HOLDING NV-NY REG SHS has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
  • With a solid Return on Equity (ROE) of 60.17%, ASML HOLDING NV-NY REG SHS exemplifies its ability to generate favorable returns on shareholder investments. This metric demonstrates the company's commitment to maximizing shareholder value.
  • ASML HOLDING NV-NY REG SHS has exhibited strong Relative Strength(RS) in recent periods, with a current 83.62 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. ASML HOLDING NV-NY REG SHS shows promising potential for continued price momentum.
  • ASML HOLDING NV-NY REG SHS exhibits a favorable Debt-to-Equity ratio at 0.35. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
  • ASML HOLDING NV-NY REG SHS exhibits a favorable ownership structure, with an institutional shareholder ownership of 18.84%. 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:ASML telling us.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, ASML scores 7 out of 10 in our technical rating. In the last year, ASML was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

  • The long and short term trends are both positive. This is looking good!
  • ASML is part of the Semiconductors & Semiconductor Equipment industry. There are 105 other stocks in this industry. ASML outperforms 70% of them.
  • ASML is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
  • Looking at the yearly performance, ASML did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
  • ASML is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASML is lagging the market.

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

A complete fundamental analysis of NASDAQ:ASML

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.

We assign a fundamental rating of 7 out of 10 to ASML. ASML was compared to 105 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML scores excellent points on both the profitability and health parts. This is a solid base for a good stock. ASML is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes ASML very considerable for growth and quality investing!

Our latest full fundamental report of ASML contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. 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.

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ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (2/23/2024, 10:25:49 AM)

937.235

-14.62 (-1.54%)

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