Insider Picks For Top Growth Stocks In November 2024

As global markets react to the recent U.S. election results and a significant Federal Reserve rate cut, major indices have reached record highs, driven by optimism around potential economic growth and regulatory changes. In this context of heightened market activity, stocks with high insider ownership can be particularly attractive as they often signal confidence from those closest to the company's operations and strategic direction.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
People & Technology (KOSDAQ:A137400)	16.4%	36.6%
Archean Chemical Industries (NSEI:ACI)	22.9%	42.1%
Kirloskar Pneumatic (BSE:505283)	30.3%	26.3%
Laopu Gold (SEHK:6181)	36.4%	33.9%
Medley (TSE:4480)	34%	30.4%
Seojin SystemLtd (KOSDAQ:A178320)	31.1%	49.1%
Findi (ASX:FND)	34.8%	64.8%
Plenti Group (ASX:PLT)	12.8%	107.6%
Brightstar Resources (ASX:BTR)	16.2%	84.6%
UTI (KOSDAQ:A179900)	33.1%	134.6%

Click here to see the full list of 1525 stocks from our Fast Growing Companies With High Insider Ownership screener.

Let's dive into some prime choices out of the screener.

Syrma SGS Technology (NSEI:SYRMA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Syrma SGS Technology Limited offers turnkey electronic manufacturing services across India, the United States, Germany, and other international markets with a market cap of ₹95.81 billion.

Operations: The company generates revenue of ₹38.33 billion from its electronic manufacturing services segment.

Insider Ownership: 27.5%

Syrma SGS Technology is expanding its footprint with a new 1.20 million square foot manufacturing facility in Pune, enhancing its PCB assembly capabilities. The company is actively seeking acquisitions to overcome regulatory challenges and access new markets, supported by an INR 10 billion fundraising plan. Despite significant revenue growth forecasts of 23.1% annually, profit margins have declined from last year. Earnings are projected to grow at 34.65% per year, outpacing the Indian market's average growth rate.

• Click to explore a detailed breakdown of our findings in Syrma SGS Technology's earnings growth report.
• Our valuation report here indicates Syrma SGS Technology may be overvalued.

Shenzhen Envicool Technology (SZSE:002837)

Simply Wall St Growth Rating: ★★★★★★

Overview: Shenzhen Envicool Technology Co., Ltd. specializes in producing and selling temperature control solutions and products in China, with a market capitalization of approximately CN¥27.05 billion.

Operations: The company's revenue primarily comes from its Precision Temperature Control Energy Saving Equipment segment, generating CN¥4.33 billion.

Insider Ownership: 19.6%

Shenzhen Envicool Technology's recent earnings report shows robust growth, with sales reaching CNY 2.87 billion for the first nine months of 2024, up from CNY 2.07 billion a year prior. Net income rose to CNY 352.76 million from CNY 210.23 million, reflecting strong operational performance and effective cost management. With earnings forecasted to grow significantly at over 29% annually and revenue expected to outpace the Chinese market growth rate, it remains a compelling entity in its sector despite no substantial insider trading activity recently noted.

• Dive into the specifics of Shenzhen Envicool Technology here with our thorough growth forecast report.
• Our comprehensive valuation report raises the possibility that Shenzhen Envicool Technology is priced higher than what may be justified by its financials.

Chenbro Micom (TWSE:8210)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Chenbro Micom Co., Ltd. is involved in the research, design, manufacture, processing, and trading of computer peripherals and systems across the United States, China, Taiwan, Singapore, and other international markets with a market cap of NT$37.20 billion.

Operations: Revenue Segments (in millions of NT$):

Insider Ownership: 25%

Chenbro Micom's recent earnings reveal significant growth, with Q3 2024 sales at TWD 4.27 billion, nearly doubling from last year. The company's strategic focus on AI and cloud solutions was highlighted at the OCP Summit, showcasing innovative chassis designs and partnerships with industry leaders like NVIDIA and AMD. Despite its strong revenue trajectory forecasted to grow over 20% annually, its earnings growth is expected to lag behind the broader Taiwanese market's pace of 20.2%.

• Delve into the full analysis future growth report here for a deeper understanding of Chenbro Micom.
• Our valuation report here indicates Chenbro Micom may be undervalued.

Turning Ideas Into Actions

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Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• 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.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

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