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Highlights
- Moderna, Inc’s (NASDAQ:MRNA) stock price surged more than 198% YTD.
- GameStop Corporation (NYSE:GME) stock jumped a whopping 982.84% YTD.
- Olin Corporation’s (NYSE:OLN) sales surged to US$2.22 billion in Q2, FY21.
Some stocks have been catching investors' attention as they raced at a lightning pace this year on the indexes. With the economy now gearing up for new opportunities post the Covid-19 pandemic, investors are looking for fast growth avenues more than ever before.
Despite various ups and downs in the market, some stocks gave remarkable performance over the past nine months, bolstering the bullish sentiments in the equities. Hence, investors are optimistic the bullish trends will spill over into the next year.
Here we explore the five stocks that gave more than 100% return YTD.
Also Read: Abbott (ABT), Anthem (ANTM) stocks rise after upbeat revenue outlook
Moderna, Inc. (NASDAQ:MRNA)
Moderna Inc is a biotechnology company based in Massachusetts. It develops vaccines based on the messenger RNA. The company has been in the news for its covid vaccines.
On October 14, the US Food and Drug Administration unanimously voted for recommending Moderna’s Covid-19 booster shot for people aged 65 or older.
On October 20, Moderna shares were traded at US$335.53 at 10:33 am ET, up 0.58% from their previous closing price. The stock’s price increased by 198.59% YTD.
The company has a market cap of US$134.13 billion, a P/E ratio of 41.43, and a forward P/E one year of 11.45. Its EPS is US$8.02. Moderna’s 52-week highest and lowest stock prices were US$497.49 and US$65.49, respectively. Its trading volume was 8,561,130 on October 19.
The company will report its third-quarter earnings on November 4 before the bell.
Moderna’s revenue was US$4.35 billion in Q2, FY21, against US$67 million in the year-ago quarter. Its net income was US$2.78 billion against a loss of US$117 million in Q2, FY20.
Source: Pixabay
Also Read: What's in a name? Facebook may no longer be Facebook
GameStop Corporation (NYSE:GME)
GameStop is a Grapevine, Texas-based video game and electronics retail company. It is one of the leading retailers of video games globally. It also sells consumer electronic products.
Early this year, GameStop caught the attention of traders active on social media. It jumped over 1400% in January as it became the top topic of discussion on social media platforms.
On October 20, the stock was priced at US$185.00 at 10:40 am ET, down 0.96% from its previous close. However, it rose 982.84% YTD.
Its market cap is US$14.13 billion, and the forward P/E one year is -691.81. The EPS is US$-0.96.
The stock saw the highest price of US$483.00 and the lowest price of US$10.36 in the last 52 weeks. Its share volume on October 19 was 2,070,618.
The company's net sales were US$1.18 billion in Q2, FY21, compared to US$942 million in the same quarter of the previous year. It reported a net loss of US$61.6 million against a loss of US$111.3 million in Q2, FY20.
Also Read: Top chocolate and bakery stocks to explore for a sweet tooth
Alcoa Corporation (NYSE:AA)
Alcoa Corporation is one of the leading aluminum companies in the world. The Pittsburgh, Pennsylvania-based firm produces bauxite, alumina, and other products.
The company reported a record Q3 net income on October 14. Its shares traded at US$53.44 at 10:46 am ET on October 20, down 0.45% from its last close. The stock surged 130.88% YTD.
Alcoa has a market cap of US$9.98 billion, a P/E ratio of 12.41, and a forward P/E one year of 7.71. Its EPS is US$4.30. Its 52-week highest and lowest stock prices were US$57.57 and US$12.15, respectively. Its trading volume was 10,860,850 on October 19.
The revenue was US$3.10 billion in Q3, FY21, against US$2.36 billion in the prior year's second quarter. Its net income came in at US$337 million against a loss of US$49 million in Q3, FY20.
Also Read: Netflix (NFLX) beats estimates in Q3, adds record subscribers
Olin Corporation (NYSE:OLN)
Olin Corporation is a Clayton, Missouri-based company that manufactures and distributes chemical products and ammunition. Various hedge funds have given bullish assessments for the stock, suggesting its strong growth potential.
On October 20, the stock was priced at US$52.31 at 11:03 am ET, up 3.30% from its previous closing price. The OLN stock jumped 108.57% YTD.
The market cap is US$8.42 billion, and the forward P/E one year is 6.66. Its EPS is US$-1.20. The stock saw the highest price of US$52.55 and the lowest price of US$16.03 in the last 52 weeks. Its share volume on October 19 was 1,266,876.
Its sales were US$2.22 billion in Q2, FY21, against US$1.24 billion in the year-ago quarter. Its net income came in at US$355.8 million, versus a loss of US$120.1 million in Q2, FY20.
Also Read: Travelers (TRV), Ericsson (ERIC) beat earnings estimates in Q3
Source: Pixabay
Devon Energy Corporation (NYSE:DVN)
Devon Energy is based in Oklahoma City and explores hydrocarbon. The shares traded at US$40.44 at 11:07 am ET on October 20, up 0.35% from their previous close. The stock price soared 149.85% YTD.
It has a market cap of US$27.37 billion, a P/E ratio of 224.67, and a forward P/E one year of 13.61. Its EPS is US$0.18. The 52-week highest and lowest stock prices were US$41.98 and US$7.73, respectively. Its trading volume was 16,074,350 on October 19.
The company will release its third-quarter results on November 2 after the market close.
The company's net earnings were US$256 million, or US$0.38 per diluted share, in Q2, FY21.
Also Read: SEC finds no foul play in GameStop's meteoric rally: Key takeaways
Bottomline
From technology to healthcare, many sectors have reported record quarterly earnings recently and led gains on the indices. The overall third-quarter results so far have surpassed Wall Street expectations. However, investors must evaluate the stocks carefully before investing in them.
