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Why NASDAQ:NVDA qualifies as a high growth stock.

By Mill Chart

Last update: Mar 29, 2024

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 Louis Navellier growth screen, which makes it worth to investigate a bit more.

Exploring Why NASDAQ:NVDA Holds Promise for Growth Investors.

  • The Return on Equity (ROE) of NVIDIA CORP stands at 69.24%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
  • NVIDIA CORP has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
  • With impressive 1-year revenue growth of 126.0%, NVIDIA CORP showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
  • The quarter-to-quarter (Q2Q) revenue growth of 265.0% of NVIDIA CORP has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
  • NVIDIA CORP has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
  • NVIDIA CORP has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
  • The earnings per share (EPS) of NVIDIA CORP have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 486.0% increase. This reflects the company's ability to improve its profitability over time.
  • Over the past 3 months, analysts have adjusted their EPS Estimate for NVIDIA CORP with a 17.06% change. This highlights the evolving outlook on the company's EPS potential.
  • In the most recent financial report, NVIDIA CORP reported a 486.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
  • accelerating EPS growth for NVIDIA CORP: the current Q2Q growth of 486.0% exceeds the previous year Q2Q growth of -33.33%.

A complete fundamental analysis of NASDAQ:NVDA

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

Overall NVDA gets a fundamental rating of 8 out of 10. We evaluated NVDA against 106 industry peers in the Semiconductors & Semiconductor Equipment industry. NVDA gets an excellent profitability rating and is at the same time showing great financial health properties. 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!

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

More growth stocks can be found in our Lois Navellier 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.

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NVIDIA CORP

NASDAQ:NVDA (4/18/2024, 7:11:26 PM)

Premarket: 837.5 -9.21 (-1.09%)

846.71

+6.36 (+0.76%)

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