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Exploring High Growth Tech Stocks In November 2024

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As global markets experience broad-based gains with U.S. indexes approaching record highs, smaller-cap stocks have notably outperformed their larger counterparts, buoyed by positive sentiment from strong labor market data and rising home sales. In this favorable environment for high-growth tech stocks, investors often seek companies with robust innovation potential and the ability to adapt swiftly to evolving technological demands and economic conditions.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Pharma Mar

25.97%

56.89%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Waystream Holding

22.46%

109.25%

★★★★★★

JNTC

20.52%

57.26%

★★★★★★

TG Therapeutics

34.66%

56.48%

★★★★★★

Elliptic Laboratories

65.73%

103.55%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

Alnylam Pharmaceuticals

22.45%

70.66%

★★★★★★

Travere Therapeutics

31.70%

72.51%

★★★★★★

Click here to see the full list of 1300 stocks from our High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

NCSOFT

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NCSOFT Corporation is a global developer and publisher of online games, with a market cap of ₩4.33 trillion.

Operations: The company generates revenue primarily through the development and publishing of online games, with a notable focus on global markets. It operates within the gaming industry, leveraging its expertise to create engaging digital experiences for users worldwide.

Despite a challenging year with a 17.5% decline in earnings, NCSOFT is poised for recovery, expecting an impressive 39.6% annual earnings growth over the next three years compared to the South Korean market's 28.4%. This growth trajectory is underscored by a robust revenue forecast of 11.1% annually, surpassing the market average of 9.4%. These figures reflect NCSOFT's strategic focus on innovation and expansion in dynamic sectors like online gaming and digital entertainment, even as they navigate short-term setbacks evident from their recent quarterly losses where sales dropped to KRW 360 billion from KRW 386 billion year-over-year and net losses reached KRW 26.5 billion compared to prior profits of KRW 43.6 billion.

KOSE:A036570 Revenue and Expenses Breakdown as at Nov 2024
KOSE:A036570 Revenue and Expenses Breakdown as at Nov 2024

BYD Electronic (International)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BYD Electronic (International) Company Limited is an investment holding company that focuses on designing, manufacturing, assembling, and selling mobile handset components and modules both in China and internationally, with a market capitalization of HK$77.06 billion.