Seven fast-growing stocks on Nasdaq in 2021

Summary

  • Nuance Communications, Inc (Nasdaq: NUAN) has a P/E ratio of 2752.5.
  • EDAP TMS S.A. (Nasdaq: EDAP) has a market capitalization of US$204 million.
  • Avid Bioservices, Inc. (Nasdaq: CDMO) reported revenue of US$27.61 million in Q2, 2021.

Growth stocks are companies that grow at a faster pace than the average growth rate of the market. As a result, their sales and earnings are higher than the market average. They generally have a higher P/E ratio, expensive stocks. They generally don’t pay dividends as they invest the earnings in the expansion of the company.

These companies generally have unique products, technologies, or patents in their kitties. And they are confident of growing. Investors prefer to pay for high returns. These stocks can be small, mid, or big-cap companies.

Here we explore the seven fastest-growing stocks on Nasdaq.

Source: Pixabay.

Nuance Communications, Inc (Nasdaq: NUAN)

Nuance Communications, Inc, provides artificial intelligence solutions to various healthcare enterprises. Its P/E ratio is 2752.5.

The stock of NUAN traded at US$55.05 at 9.14 am ET on July 28. The stock value of the technology company climbed by 24.86 percent YTD. The market capitalization of NUAN is US$16.9 billion.

The forward P/E one year of the US-based company is 134.27. Earnings per share (EPS) are US$0.02. The lowest and highest stock price of NUAN for the last 52 weeks is US$26.57 and US$55.19. The share volume is 4,947,434.

The total revenue of the software company for Q2, 2021 is US$347 million compared to US$338.4 million for Q2, 2020. Gross profit for the period is US$220.3 million, and it was US$234.3 million in Q2, 2020.

EDAP TMS S.A. (Nasdaq: EDAP)

EDAP TMS S.A. designs and sells minimally invasive medical equipment for ultrasound technology, primarily for urology purposes. The P/E ratio is 613.

The stock of a France-based Company treaded at US$6.19 at 9.31 am E.T. on July 28, a rise of 0.98 percent over the closing price of July 27. The stock value jumped by 18.57 percent YTD. The market capitalization of the global company is US$204 million. The share volume is 56,944. EPS is US$0.01.

The total revenue of the EDAP for Q1, 2021 is US$12 million, and that was US$8.9 million in Q1, 2020. Gross profit for the quarter reached US$5.1 million compared to US$3.6 million in Q1, 2020.

Source: Pixabay.

Avid Bioservices, Inc (Nasdaq: CDMO)

Avid Bioservices, Inc manufactures pharmaceutical products from the cell culture of mammals. The P/E ratio is 623.75.

The stock of CDMO traded at US$25.53 at 9.46 am ET on July 28, an increase of 2.32 percent over the closing price of July 27. The stock value shot up by 117.85 percent YTD. The market capitalization of CDMO is US$1.5 billion. The EPS is US$0.04.

The US-based company's total revenue for Q2, 2021 is US$27.61, and that was US$25.39 in Q2, 2020. The company that offers clinical services to the pharma and biotech sector recorded gross profits of US$8.14 and US$8.54 million in Q2, 2021, and Q2, 2020, respectively. The net income for this period was US$1.99 million and US$4.73 million.

Kornit Digital Ltd (Nasdaq: KRNT)

Kornit Digital Ltd designs and manufactures printing technologies for the textile and apparel industry. The P/E ratio is 609.05.

The stock of KRNT traded at US$129.665 at 9.59 am ET on July 28, an increase of 1.51 percent over the closing price of July 27. The stock value enlarged by 43.50 percent YTD. The market capitalization is US$5.9 billion. The forward P/E one year is 241.02, and the EPS is US$0.21.

The Israel-based company had total revenue of US$66.12 million in Q1, 2021, and US$26.21 million in Q1, 2020. The gross profit for Q1, 2021 is US$30.41million, and in Q1, 2020, it was US$8.57 million. Operating income was US$3.11 million, against a loss of US$13.62 in Q1, 2020.

Also read: 10 technology stocks that are under US$100 but popular on NASDAQ

Celsius Holdings, Inc. (Nasdaq: CELH)

Celsius Holdings, Inc. develops and sells calorie-burning beverages. It uses ingredients like green tea and ginger. The P/E ratio is 502.92.

The stock of CELH traded at US$66.06 at 10.12 am E.T., up by 1.04 percent over the closing price of July 27. The stock value of non-alcoholic beverage companies surged by 33.83 percent YTD. The market capitalization of the fitness brand is US$4.9 billion.

The total revenue of CELH for Q1, 2021, was US$50.3 million and US$28.18 million for Q1, 2020. The gross profit of the US company for the period was US$20.58 million and US$13 million for Q1, 2020. The operating income for Q1, 2021, and Q1, 2020 are US$81000 and US$80000, respectively.

TravelCenters of America Inc. (Nasdaq: T.A.)

TravelCenters of America Inc operates travel centres and truck facilities in the US and Canada.  The P/E ratio is 587.2.

The stock of T.A. traded at US$28.52 at 10.26 am E.T., down by 2.33 percent over the closing price of July 27. The market capitalization is US$427 million. The stock value fell by 4.79% YTD. EPS is US$0.05. The company incurred losses of US$5.7 million in Q1, 2021. Net loss per share was US$0.40, and adjusted EBITDA went up by 106.9 percent YoY.

Roku, Inc (Nasdaq: ROKU)

Roku, Inc. runs a television streaming platform. The P/E is 605.99. The stock of ROKU traded at US$665.53 at 10.34 am E.T., up by 1.47 percent over the closing price of July 27. The stock value of the entertainment company went up by 46.60 percent YTD. The market capitalization of the company that provides content creators with a platform to publish their creations is US$61 billion.

The total profit of the US-based company reached US$574 million in Q1, 2021 as compared to US$320 million in Q1, 2002. Gross profit for the period was US$326.8 million, against US$141.1 million in Q1, 2020. In addition, the company reported an operating income of US$75.8 in the quarter compared to incurred losses of US$55.2 million in Q1, 2020.

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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