Individual investors like stocks with a high growth potential. These companies have a strong outlook that can bring a significant upside to your portfolio, regardless of market cyclicality. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Osprey Medical, Inc. (ASX:OSP)
Osprey Medical, Inc., a medical device company, focuses on protecting patients from the harmful effects of X-ray dye (contrast) used during commonly performed angiographic imaging procedures in the United States. Osprey Medical was started in 2005 and with the stock’s market cap sitting at AUD A$106.90M, it comes under the small-cap group.
OSP’s projected future profit growth is a robust 41.43%, with an underlying triple-digit growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. OSP’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add OSP to your portfolio? Take a look at its other fundamentals here.
Qantm Intellectual Property Limited (ASX:QIP)
QANTM Intellectual Property Limited providing IP services for start-up technology businesses, multinationals, public research institutions, and universities in Australia and internationally. Qantm Intellectual Property was formed in 1879 and has a market cap of AUD A$189.39M, putting it in the small-cap category.
QIP’s forecasted bottom line growth is an optimistic double-digit 24.34%, driven by the underlying double-digit sales growth of 13.45% over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 23.60%. QIP’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Have a browse through its key fundamentals here.
Avanco Resources Limited (ASX:AVB)
Avanco Resources Limited engages in the exploration and development of mineral properties in Brazil. The company currently employs 58 people and has a market cap of AUD A$196.55M, putting it in the small-cap category.