Stock Analysis

High Growth Tech Stocks To Watch In November 2024

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In an exceptionally busy week for global markets, major indices like the Nasdaq Composite and S&P MidCap 400 reached record highs before experiencing a sharp pullback, with growth stocks generally underperforming their value counterparts. Despite this volatility, small-cap stocks have shown resilience compared to large-caps, highlighting the importance of identifying high-growth potential in technology companies that can navigate such fluctuating market conditions.

Top 10 High Growth Tech Companies

NameRevenue GrowthEarnings GrowthGrowth Rating
Material Group20.45%24.01%★★★★★★
Yggdrazil Group24.66%85.53%★★★★★★
eWeLLLtd26.52%27.53%★★★★★★
Medley24.98%30.36%★★★★★★
Seojin SystemLtd33.39%49.13%★★★★★★
Sarepta Therapeutics23.43%41.52%★★★★★★
Mental Health TechnologiesLtd27.88%79.61%★★★★★★
Alnylam Pharmaceuticals22.41%70.53%★★★★★★
Adveritas57.98%144.21%★★★★★★
UTI114.97%134.60%★★★★★★

Click here to see the full list of 1287 stocks from our High Growth Tech and AI Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Chengdu Olymvax Biopharmaceuticals (SHSE:688319)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Chengdu Olymvax Biopharmaceuticals Inc. focuses on the research, development, production, and sale of human vaccines with a market capitalization of CN¥4.37 billion.

Operations: Olymvax Biopharmaceuticals specializes in developing and commercializing human vaccines. The company generates revenue through the sale of these vaccines, with a focus on research and production activities.

Chengdu Olymvax Biopharmaceuticals, amidst a challenging fiscal year, reported a notable revenue upswing to CNY 386.65 million, marking an increase from the previous year's CNY 352.3 million. Despite this growth, net income significantly dropped to CNY 4.03 million from CNY 30.28 million as R&D expenses surged, reflecting the company's strategic emphasis on innovation in biotechnology—a sector where research intensity often preludes profitability. The firm's commitment is evident in its R&D spending trends which align with its forecasted earnings growth of an impressive 76.1% annually over the next three years, positioning it potentially ahead of many peers in biotech innovation and market readiness.

SHSE:688319 Earnings and Revenue Growth as at Nov 2024
SHSE:688319 Earnings and Revenue Growth as at Nov 2024

Dnake (Xiamen) Intelligent Technology (SZSE:300884)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Dnake (Xiamen) Intelligent Technology Co., Ltd. operates in the field of intelligent technology solutions, with a market capitalization of CN¥2.75 billion.

Operations: The company focuses on providing intelligent technology solutions. Its revenue streams are primarily derived from various technology-related products and services, contributing to its overall market presence.

Dnake (Xiamen) Intelligent Technology has navigated a challenging year with a revenue dip to CNY 519.14 million from last year's CNY 624.21 million, reflecting broader market conditions. Despite this, the firm's commitment to innovation is clear with substantial R&D investments aimed at future growth; however, net income fell to CNY 17.56 million from CNY 66.67 million previously. The company also actively repurchased shares worth CNY 43.18 million, underscoring confidence in its strategic direction amidst financial volatilities and a competitive tech landscape marked by rapid changes and evolving consumer demands.

SZSE:300884 Revenue and Expenses Breakdown as at Nov 2024
SZSE:300884 Revenue and Expenses Breakdown as at Nov 2024

Wuhan Kotei InformaticsLtd (SZSE:301221)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Wuhan Kotei Informatics Co., Ltd. focuses on delivering integrated software solutions for intelligent networked vehicles in China, with a market capitalization of approximately CN¥4.69 billion.

Operations: The company generates revenue primarily through its Software & Programming segment, which accounts for CN¥584.11 million. This focus on software solutions for intelligent networked vehicles highlights its specialization within the automotive technology industry.

Wuhan Kotei Informatics has demonstrated resilience with a notable turnaround in net income to CNY 10.96 million from CNY 3.38 million year-over-year, despite a revenue drop to CNY 341.76 million from CNY 391.38 million in the same period. This improvement aligns with their strategic inclusion in the S&P Global BMI Index, reflecting broader market recognition. The company's commitment to growth is further evidenced by an aggressive R&D focus, crucial for maintaining competitive edge in the swiftly evolving tech landscape where innovations lead market trends.

SZSE:301221 Earnings and Revenue Growth as at Nov 2024
SZSE:301221 Earnings and Revenue Growth as at Nov 2024

Taking Advantage

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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