High Growth Tech Stocks To Watch In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration and its potential impact on corporate earnings, investors are closely watching key indices such as the S&P 500 and Nasdaq Composite, which have recently experienced declines. In this environment of fluctuating market sentiment and economic indicators, identifying high-growth tech stocks that can thrive amid policy changes and evolving regulatory landscapes becomes crucial for investors seeking opportunities in November 2024.

Top 10 High Growth Tech Companies

Name	Revenue Growth	Earnings Growth	Growth Rating
Material Group	20.45%	24.01%	★★★★★★
Yggdrazil Group	24.66%	85.53%	★★★★★★
eWeLLLtd	26.52%	27.53%	★★★★★★
Seojin SystemLtd	33.54%	52.43%	★★★★★★
Medley	25.57%	31.67%	★★★★★★
Pharma Mar	26.94%	56.39%	★★★★★★
Mental Health TechnologiesLtd	27.88%	79.61%	★★★★★★
Elliptic Laboratories	65.73%	103.55%	★★★★★★
Alkami Technology	21.89%	98.60%	★★★★★★
UTI	114.97%	134.60%	★★★★★★

Click here to see the full list of 1297 stocks from our High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

NCAB Group (OM:NCAB)

Simply Wall St Growth Rating: ★★★★★☆

Overview: NCAB Group AB (publ) is a company that manufactures and sells printed circuit boards (PCBs) across Sweden, the Nordic region, Europe, North America, and Asia with a market capitalization of approximately SEK10.47 billion.

Operations: The company's revenue is primarily derived from its operations in Europe (SEK1.91 billion), followed by North America (SEK786.70 million), and the Nordic region (SEK756.10 million). The East segment contributes SEK210.60 million to the total revenue, highlighting a diverse geographical presence in its business model.

NCAB Group, amidst a challenging economic backdrop, reported a significant downturn in its recent quarterly earnings with net income dropping to SEK 50.2 million from SEK 110.4 million year-over-year. Despite these hurdles, the company's future looks promising with an expected annual earnings growth of 23.9%, surpassing Sweden's market average of 15.2%. Furthermore, NCAB is set to outpace the Swedish market in revenue growth at a rate of 11.5% annually compared to the market’s near-stagnation (-0.02%). This resilience and projected growth underscore NCAB's potential to recover and expand even in uncertain times, supported by robust R&D investments that are pivotal for sustaining innovation and competitiveness in the electronics sector.

• Unlock comprehensive insights into our analysis of NCAB Group stock in this health report.

• Review our historical performance report to gain insights into NCAB Group's's past performance.

Beijing Yuanliu Hongyuan Electronic Technology (SHSE:603267)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. operates in the electronic technology sector with a market capitalization of approximately CN¥9.62 billion.

Operations: Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. generates revenue through its operations in the electronic technology sector, with a focus on providing specialized products and services. The company's financial performance is highlighted by a specific profit margin trend, reflecting its operational efficiency and cost management strategies within the industry.

Beijing Yuanliu Hongyuan Electronic Technology, amidst a downturn in recent earnings with net income falling to CNY 127.4 million from CNY 246.4 million year-over-year, still shows promising growth prospects. The company's revenue is forecasted to grow by 24% annually, outpacing the CN market average of 13.9%. Furthermore, its earnings are expected to surge by an impressive 40.9% per year over the next three years, significantly above the CN market's forecast of 26%. This growth trajectory is supported by substantial R&D investments which accounted for a significant portion of expenses, ensuring continuous innovation and competitiveness in electronic technologies.

• Click to explore a detailed breakdown of our findings in Beijing Yuanliu Hongyuan Electronic Technology's health report.

• Examine Beijing Yuanliu Hongyuan Electronic Technology's past performance report to understand how it has performed in the past.

TianJin 712 Communication & Broadcasting (SHSE:603712)

Simply Wall St Growth Rating: ★★★★★☆

Overview: TianJin 712 Communication & Broadcasting Co., Ltd. operates in the communication and broadcasting industry, with a market capitalization of CN¥13.98 billion.

Operations: The company generates revenue primarily from its communication and broadcasting services. It operates within the industry with a focus on providing specialized solutions, contributing to its market presence.

TianJin 712 Communication & Broadcasting has faced challenges, evident from a significant revenue drop to CNY 1.61 billion from CNY 2.27 billion year-over-year and transitioning from a net income of CNY 307.94 million to a net loss of CNY 27.25 million. Despite these hurdles, the company is projected to see an earnings growth of 53.8% annually, outstripping the Chinese market's average forecast of 26%. This potential rebound is underpinned by aggressive R&D spending which constitutes a substantial portion of their budget, aligning with industry trends towards enhanced technological innovation and development efficiency.

• Take a closer look at TianJin 712 Communication & Broadcasting's potential here in our health report.

• Explore historical data to track TianJin 712 Communication & Broadcasting's performance over time in our Past section.

Next Steps

• Reveal the 1297 hidden gems among our High Growth Tech and AI Stocks screener with a single click here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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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