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While stock picking isn't easy, for those willing to persist and learn, it is possible to buy shares in great companies, and generate wonderful returns. When you find (and hold) a big winner, you can markedly improve your finances. In the case of Hydreight Technologies Inc. (CVE:NURS), the share price is up an incredible 454% in the last year alone. Better yet, the share price has gained 607% in the last quarter. Looking back further, the stock price is 217% higher than it was three years ago.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.
See our latest analysis for Hydreight Technologies
Because Hydreight Technologies made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
In the last year Hydreight Technologies saw its revenue grow by 56%. That's a head and shoulders above most loss-making companies. But the share price has really rocketed in response gaining 454% as previously mentioned. Even the most bullish shareholders might be thinking that the share price might drop back a bit, after a gain like that. But if the share price does moderate a bit, there might be an opportunity for high growth investors.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
A Different Perspective
It's good to see that Hydreight Technologies has rewarded shareholders with a total shareholder return of 454% in the last twelve months. That's better than the annualised return of 26% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. It's always interesting to track share price performance over the longer term. But to understand Hydreight Technologies better, we need to consider many other factors. For instance, we've identified 5 warning signs for Hydreight Technologies (3 are potentially serious) that you should be aware of.
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.