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High-Growth Tech Stocks to Explore in November 2024

High-Growth Tech Stocks to Explore in November 2024

As world markets react to the latest US election outcomes, expectations of sooner earnings progress and deregulation have pushed main indexes such because the S&P 500 and Russell 2000 to vital positive aspects, with small-cap shares performing significantly nicely. promising regardless of not reaching historic highs. Against this backdrop, buyers might think about exploring high-growth know-how shares that would profit from these market dynamics, specializing in firms with robust fundamentals and revolutionary capabilities that align nicely with present financial traits.

Name

Revenue progress

Profit progress

Growth evaluation

Material group

20.45%

24.01%

★★★★★★

Scandian Oncology

40.71%

75.34%

★★★★★★

Therapeutic information

34.66%

56.48%

★★★★★★

PharmacyMar

26.94%

56.39%

★★★★★★

Sarepta Therapeutics

23.89%

42.61%

★★★★★★

Alkami know-how

21.89%

98.60%

★★★★★★

Alnylam Pharmaceuticals

22.41%

70.53%

★★★★★★

The reality

57.98%

144.21%

★★★★★★

Travere Therapy

31.20%

72.26%

★★★★★★

UTI

114.97%

134.60%

★★★★★★

Click here to see the full list of 1,283 stocks in our high-growth AI and technology stock screener.

Here we spotlight a subset of our favourite titles from the screener.

Simply Wall Street’s progress score: ★★★★★☆

Overview: Shenzhen Yanmade Technology Inc. focuses on the analysis, design, manufacturing and gross sales of automated and clever check gear primarily in China, with a market capitalization of CN¥4.88 billion.

Operations: Yanmade Technology focuses on automated and clever testing gear, emphasizing innovation in its product choices. The firm’s actions are centered on the Chinese market, reflecting a strategic give attention to native demand.

Shenzhen Yanmade Technology demonstrated sturdy progress, with a 73% improve in income to CNY360.44 million and a 52% improve in web revenue to CNY68.83 million for the 9 months ended September 2024. This efficiency is supported by vital investments in analysis and improvement, essential to sustaining its aggressive benefit within the quickly evolving know-how sector. The firm’s earnings are anticipated to develop by a formidable 34.7% yearly, outpacing the broader Chinese market’s progress charge of 26.2%. Despite challenges similar to extremely risky inventory costs and anticipated return on fairness of lower than 11.1%, Yanmade’s aggressive give attention to innovation and market growth positions it nicely within the high-growth know-how panorama, signaling promising prospects if present traits persist.

SHSE:688312 Earnings and income progress as of November 2024

Simply Wall Street’s progress score: ★★★★★☆

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