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Exploring NASDAQ:NVDA's CANSLIM characteristics.

By Mill Chart

Last update: Apr 18, 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 CANSLIM growth screen, which makes it worth to investigate a bit more.

Some of the canslim metrics of NASDAQ:NVDA highlighted

  • NVIDIA CORP has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 486.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
  • NVIDIA CORP has experienced 265.0% q2q revenue growth, indicating a significant sales increase.
  • NVIDIA CORP has achieved 73.17% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
  • NVIDIA CORP exhibits a strong Return on Equity (ROE) of 69.24%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
  • NVIDIA CORP has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.47 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. NVIDIA CORP is well-positioned for potential price growth opportunities.
  • Maintaining a Debt-to-Equity ratio of 0.2, NVIDIA CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
  • The ownership composition of NVIDIA CORP reflects a balanced investor ecosystem, with institutional shareholders owning 67.13%. This indicates a broader market participation and potential for increased trading liquidity.

Analyzing the Technical Aspects

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to NVDA. In the last year, NVDA was one of the better performers, but we do observe some doubts in the very recent evolution.

  • 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 98% of all stocks. We also observe that the gains produced by NVDA over the past year are nicely spread over this period.
  • NVDA is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 99% of 107 stocks in the same industry.
  • 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.

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

What is the full fundamental picture of NASDAQ:NVDA telling us.

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 107 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making NVDA a very profitable company, without any liquidiy or solvency issues. 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.

Our CANSLIM screen will find you more ideas suited for growth investing.

Disclaimer

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.

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NVIDIA CORP

NASDAQ:NVDA (5/17/2024, 7:16:59 PM)

After market: 925.76 +0.97 (+0.1%)

924.79

-18.8 (-1.99%)

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