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.
What matters for canslim investors.
- In the most recent financial report, NVDA reported a 72.48% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
- NVDA has experienced 77.94% q2q revenue growth, indicating a significant sales increase.
- NVDA has achieved 88.81% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
- NVDA demonstrates a strong Return on Equity(ROE) of 91.87%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. NVIDIA CORP shows promising potential for continued success.
- NVDA has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 83.17 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.
- Maintaining a Debt-to-Equity ratio of 0.11, NVDA demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
- NVDA exhibits a favorable ownership structure, with an institutional shareholder ownership of 67.04%. This signifies a diverse investor base, which can contribute to a more stable and efficient market for the stock.
Technical analysis of NVDA
ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.
We assign a technical rating of 2 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 89% of 108 stocks in the same industry.
- Looking at the yearly performance, NVDA did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- NVDA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
- In the last month NVDA has a been trading in the 104.77 - 135.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Check the latest full technical report of NVDA for a complete technical analysis.
Zooming in on the fundamentals.
ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score 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 108 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! 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
Our CANSLIM screen will find you more ideas suited for growth investing.
Keep in mind
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.
