7 fastest-growing stocks that demand our attention

Summary

  • Tesla Inc. (Nasdaq: TSLA) reported revenue of US$10.3 billion in Q1, 2021, up 74% YoY.
  • Square Inc. (NYSE: SQ) reported net revenue of US$5.06 billion in Q1, 2021, up 266% YoY.
  • Plug Power Inc. (Nasdaq: PLUG) reported revenue of US$72 million in Q1, 2021, up 76% YoY.

Fastest growing stocks are shares of companies that grow at a faster pace than the average growth rate. These companies prefer to invest in new projects instead of offering dividends to shareholders.

Here we explore seven stocks to understand their business and performance.

Tesla Inc. (Nasdaq: TSLA)

Tesla Inc. is US-based clean energy and electric vehicle company. Its products are solar panels, solar roof tiles, electric cars, and battery storage systems, among others.

Source: Pixabay.

Its stock traded at US$663.97 at 8.15 am ET on July 7, up by 0.65 percent over the earlier closing price. Its stock prices decreased by 9.03 percent YTD and increased by 138.81 percent YoY. Its market capitalization is US$635.3 billion. The P/E ratio is 659.58 and the forward P/E 1-year ratio is 252.71. Earnings per share are US$1 and the beta price is 1.99. The 52 weeks highest stock price is US$900.40 and the lowest is US$262.27. The share volume is 23,284,450.

The company reported total revenue of US$10.3 billion in Q1, 2021, up by 74% from US$5.9 billion of Q1, 2020. Its total gross profit in Q1, 2021 was US$2.2 billion, up by 79 percent of US$1.2 billion of Q1, 2020. Earnings per share for this quarter was US$0.39 as compared to US$0.02 of Q1, 2020.

Also read: Bausch Health & NRG Energy: Two Value Stocks To Explore

PPD Inc (Nasdaq: PPD)

Pharmaceutical Product Development Inc. is an international research company. It provides integrated drug development, laboratory, lifecycle management services.

Its stock traded at US$46.07 at premarket ET on July 7, down by 0.26 percent over the earlier closing price. Its stock prices increased by 34.47 percent YTD and increased by 64.24 percent YoY. Its market capitalization is US$16.1 billion. The P/E ratio is 86.92 and the forward P/E 1-year ratio is 31.99. Earnings per share are US$0.53 and the beta price is 2.23. The 52 weeks highest stock price is US$46.63 and the lowest is US$26.84. The share volume is 2,496,575.

It reported revenue of US$1.3 billion in Q1, 2021 ended on March 31, up by 28.5 percent over YoY. Adjusted EBITDA was US$240.9 million. Diluted earnings per share were US$0.21. and a net income was US$74.5 million. 

Square Inc. (NYSE: SQ)

Square Inc provides financial services and digital payments.

Its stock traded at US$249.78 at 9.17 am ET on July 7, up by 1.22 percent over the earlier closing price. Its stock prices increased by 12.81 percent YTD and increased by 98.64 percent YoY. Its market capitalization is US$112.3 billion. The P/E ratio is 347.46 and the forward P/E 1-year ratio is 503.47. Earnings per share are US$0.71 and the beta price is 2.41. The 52 weeks highest stock price is US$283.19 and the lowest is US$111.14. The share volume is 6,252,170.

Also read: Top penny stocks to consider before prices skyrocket

It reported net revenue of US$5.06 billion in Q1, 2021, up by 266% YoY. Excluding Bitcoin, total revenue was US$1.4 billion, up by 44.5 percent YoY. Adjusted EBITDA was US$236 million. Gross profit was US$964 million, up by 79 percent YoY.

Source: Pixabay

Shopify (NYSE: SHOP)

Shopify is a multinational e-commerce company based in Canada.

Its stock traded at US$1561.85 at 10 am ET on July 7, up by 1.55 percent over the earlier closing price. Its stock prices increased by 42.97 percent YTD and increased by 54.03 percent YoY. Its market capitalization is US$197.2 billion. The P/E ratio is 124.25 and the forward P/E 1-year ratio is 1147.78. Earnings per share are US$12.76 and the beta price is 1.44. The 52 weeks highest stock price is US$1552.23 and the lowest is US$839.40. The share volume is 370,968.

It reported revenue of US$988.6 million in Q1, 2021 ended on March 31, up by 110 percent YoY. Adjusted gross profit was US$565.1 million, up by 114 percent YoY. Net income was US$1.2 billion or US$9.94 per diluted share in Q1, 2021 and that was a net loss of US$31.4 million or US$0.27 per diluted share YoY.

Also read: What are high paying dividend stocks in US?

Plug Power Inc (Nasdaq: PLUG)

Plug Power Inc develops hydrogen fuel cell systems that replace traditional batteries in vehicles and equipment.

Its stock traded at US$31.71 at 10.17 am ET on July 7, down by 3.68 percent over the earlier closing price. Its stock prices increased by 1.4 percent YTD. Its market capitalization is US$17.9 billion. The forward P/E 1-year ratio is -12.70. Earnings per share are US$-1.38 and the beta price is 1.41. The 52 weeks highest stock price is US$75.49 and the lowest is US$7.07. The share volume is 3,519,882.

It reported revenue of US$72 million in Q1, 2021 and that is 76 percent YoY.

Everest Re Group Ltd (RE)

Everest Re Group is a casualty and property insurance and reinsurance company.

Its stock traded at US$248.44 at 10.43 am ET on July 7, up by 0.02 percent over the earlier closing price. Its stock prices decreased by 8.91 percent YTD. Its market capitalization is US$10 billion. The P/E ratio is 11.91 and the forward P/E 1-year ratio is 9.68. Earnings per share are US$ 20.95 and the beta price is 0.64. The 52 weeks highest stock price is US$281.27 and the lowest is US$193.03. The share volume is 108.917. The current yield is 2.46%. Annualized dividend is US$6.20.

It reported a net income of US$342 million or US$8.52 per share in Q1, 2021. It had an operating cash flow of US$904 million.

Also read: Top large-cap stocks to focus on right now

Netflix Inc (Nasdaq: NFLX)

Netflix is a US-based content platform and production company.

Its stock traded at US$535.41 at 11.10 am ET on July 7, down by 1.14 percent over the earlier closing price. Its stock prices increased by 2.36 percent YTD. Its market capitalization is US$ 237.1 billion.

It reported revenue of US$5.7 billion in Q1, 2021. It is up by 27.6 percent YoY. Net income was US$709 million, diluted earnings per share was US$1.57.

Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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