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High Growth Tech Stocks to Watch in December 2024

In This Article:

As global markets navigate a landscape of fluctuating consumer confidence and mixed economic indicators, technology stocks continue to capture investor interest, with the Nasdaq Composite leading recent gains despite some volatility. In this environment, identifying high-growth tech stocks involves considering companies that demonstrate robust innovation potential and resilience amid shifting market dynamics.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Yggdrazil Group

30.20%

87.10%

★★★★★★

eWeLLLtd

26.41%

28.82%

★★★★★★

Ascelia Pharma

76.15%

47.16%

★★★★★★

Medley

25.57%

31.67%

★★★★★★

Mental Health TechnologiesLtd

25.83%

113.12%

★★★★★★

Alnylam Pharmaceuticals

22.34%

70.30%

★★★★★★

Fine M-TecLTD

36.52%

131.08%

★★★★★★

Alkami Technology

21.99%

102.65%

★★★★★★

Initiator Pharma

73.95%

31.67%

★★★★★★

Travere Therapeutics

31.70%

72.51%

★★★★★★

Click here to see the full list of 1270 stocks from our High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Sunny Optical Technology (Group)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Sunny Optical Technology (Group) Company Limited is an investment holding company involved in the design, research, development, manufacturing, and sale of optical and optical-related products as well as scientific instruments, with a market capitalization of approximately HK$77.34 billion.

Operations: Sunny Optical Technology (Group) Company Limited generates revenue primarily from three segments: Optical Components, Optical Instruments, and Optoelectronic Products, with the latter contributing CN¥25.10 billion. The company is involved in the full spectrum of activities from design to sale in these areas.

Sunny Optical Technology has demonstrated robust financial performance with earnings growth surpassing the industry average at 17.2% over the past year, notably higher than the electronic industry's 11.7%. This growth trajectory is supported by a significant R&D investment focus, aligning with an annual revenue increase projected at 10.2%. The recent executive shifts, including Mr. Wang Wenjie's appointment as CEO, could signal strategic realignments poised to sustain or even accelerate this momentum in an evolving tech landscape.

SEHK:2382 Revenue and Expenses Breakdown as at Dec 2024
SEHK:2382 Revenue and Expenses Breakdown as at Dec 2024

China Film

Simply Wall St Growth Rating: ★★★★★☆

Overview: China Film Co., Ltd. operates in the production, distribution, projection, technology, service, and innovation of films and television dramas both within China and internationally, with a market cap of CN¥22.18 billion.


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