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August 2024's High Growth Companies With Strong Insider Confidence

In This Article:

Amidst a backdrop of market volatility and mixed economic signals, investors are increasingly seeking companies that demonstrate both growth potential and strong insider confidence. In this article, we explore three high-growth companies where significant insider ownership suggests a robust belief in their long-term prospects.

Top 10 Growth Companies With High Insider Ownership

Name

Insider Ownership

Earnings Growth

Yggdrazil Group (SET:YGG)

12%

33.5%

Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)

11.9%

21.2%

Gaming Innovation Group (OB:GIG)

26.7%

37.4%

Medley (TSE:4480)

34%

28.7%

Clinuvel Pharmaceuticals (ASX:CUV)

13.6%

26.8%

KebNi (OM:KEBNI B)

37.8%

90.4%

Global Tax Free (KOSDAQ:A204620)

18.1%

90.6%

Credo Technology Group Holding (NasdaqGS:CRDO)

14.4%

60.9%

EHang Holdings (NasdaqGM:EH)

32.8%

74.3%

UTI (KOSDAQ:A179900)

33.1%

122.7%

Click here to see the full list of 1472 stocks from our Fast Growing Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Merdeka Battery Materials

Simply Wall St Growth Rating: ★★★★★☆

Overview: PT Merdeka Battery Materials Tbk. specializes in the mining and processing of nickel, cobalt, and other mineral deposits with a market cap of IDR62.64 trillion.

Operations: The company's revenue segments include $1.61 billion from manufacturing.

Insider Ownership: 16%

Earnings Growth Forecast: 51.8% p.a.

Merdeka Battery Materials (MBMA) has shown promising growth potential with revenue forecasted to grow at 20.2% annually, outpacing the Indonesian market's 9%. Despite a volatile share price, analysts predict a 29.1% rise in stock value. MBMA recently reported significant sales growth from US$142.73 million to US$444.22 million year-over-year and turned profitable this year with net income of US$3.67 million compared to a prior net loss of US$7.01 million.

IDX:MBMA Earnings and Revenue Growth as at Aug 2024
IDX:MBMA Earnings and Revenue Growth as at Aug 2024

MBC Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: MBC Group operates as a media company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally with a market cap of SAR13.48 billion.

Operations: The company generates revenue from its media operations across the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Insider Ownership: 36%

Earnings Growth Forecast: 48.8% p.a.

MBC Group has shown strong growth potential with earnings forecasted to grow 48.83% annually, significantly outpacing the South African market's 7.5%. Despite a volatile share price and large one-off items impacting financial results, revenue is expected to grow at 14.3% per year, faster than the market average of 1.1%. The company was recently added to the S&P Global BMI and S&P Pan Arab Composite indices, reflecting its increasing prominence in the industry.