High Growth Tech Stocks to Watch in December 2024

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As global markets navigate a complex landscape with major indices showing mixed performances, the technology-heavy Nasdaq Composite has managed to hit a record high amidst broader declines. This backdrop of economic uncertainty and shifting monetary policies underscores the importance of identifying tech stocks that demonstrate resilience and potential for growth, making them worth watching in December 2024.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Seojin SystemLtd

35.41%

39.86%

★★★★★★

Yggdrazil Group

30.20%

87.10%

★★★★★★

eWeLLLtd

27.24%

28.74%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Pharma Mar

25.43%

56.19%

★★★★★★

Mental Health TechnologiesLtd

25.83%

113.12%

★★★★★★

Fine M-TecLTD

36.52%

131.08%

★★★★★★

Elliptic Laboratories

70.09%

111.37%

★★★★★★

JNTC

29.48%

104.37%

★★★★★★

Click here to see the full list of 1316 stocks from our High Growth Tech and AI Stocks screener.

Let's uncover some gems from our specialized screener.

NCAB Group

Simply Wall St Growth Rating: ★★★★★☆

Overview: NCAB Group AB (publ) is a company that manufactures and sells printed circuit boards across Sweden, the Nordic region, Europe, North America, and Asia with a market capitalization of approximately SEK11.69 billion.

Operations: NCAB Group AB focuses on the production and sale of printed circuit boards, with significant revenue contributions from Europe (SEK1.91 billion) and North America (SEK786.7 million).

NCAB Group, navigating a challenging landscape with a recent 31.2% dip in earnings, contrasts sharply with its industry's 10.3% growth. Yet, forecasts are more optimistic, predicting an annual revenue increase of 11.4% and earnings growth of 24.2%, outpacing the Swedish market projections of 1.3% and 14.7%, respectively. This resilience is underscored by a robust forecasted Return on Equity at 26.7%. Despite these promising figures, substantial insider selling over the past three months could signal caution among those closest to company operations.

OM:NCAB Revenue and Expenses Breakdown as at Dec 2024
OM:NCAB Revenue and Expenses Breakdown as at Dec 2024

Cathay Group Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Cathay Group Holdings Inc. is an investment holding company involved in entertainment production and higher education in China and internationally, with a market cap of HK$2.30 billion.

Operations: Cathay Group Holdings Inc. generates revenue primarily from higher and vocational education, contributing CN¥606.66 million, and entertainment and livestreaming e-commerce, which brings in CN¥162.17 million. The company's operations span both domestic and international markets within these sectors.