Is NVIDIA CORP (NASDAQ:NVDA) suited for growth investing?

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.

What matters for canslim investors.

• The recent financial report of NVDA demonstrates a 72.48% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• NVDA has achieved 77.94% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• Over the past 3 years, NVDA has demonstrated 88.81% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The Return on Equity (ROE) of NVDA stands at 91.87%, 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.
• The Relative Strength (RS) of NVDA has consistently been strong, with a current 81.2 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.
• With a Debt-to-Equity ratio at 0.11, NVDA showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• 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.

Analyzing the Technical Aspects

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall NVDA gets a technical rating of 4 out of 10. Although NVDA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.

• NVDA is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. NVDA outperforms 88% of them.
• In the last month NVDA has a been trading in the 94.46 - 115.40 range, which is quite wide. It is currently trading near the high of this range.
• The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
• When comparing the yearly performance of all stocks, we notice that NVDA is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 7 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.

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

Fundamental analysis of NVDA

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.

Taking everything into account, NVDA scores 8 out of 10 in our fundamental rating. NVDA was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. NVDA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. NVDA is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make NVDA a good candidate for growth and quality investing.

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

More growth stocks can be found in our CANSLIM screen.

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.