Six growth stocks under US$100 to explore

Highlights

  • NuVasive, Inc (Nasdaq: NUVA) has a P/E value of 2945.
  • UDR, Inc (NYSE: UDR) reported revenue of US$311.1 million in Q2 this year.
  • Powell Industries, Inc. (Nasdaq: POWL) incurred losses of US$7.6 million in Q2.

Growth stocks are companies that grow at a faster pace than the average market growth rate. These companies typically do not pay dividends and reinvest their profits in the business. Their P/E ratio is generally high. In addition, these firms usually have a unique or patented product in their kitty.

Here we explore six hot growth stocks in the market.

NuVasive, Inc (Nasdaq: NUVA)

The stock of this medical equipment company traded at US$58.855 at 10.58 am ET on August 23, up 0.33 percent over the August 20 closing price. The stock increased by 4.54 percent YTD. The P/E ratio of NUVA is 2945.

The medical equipment company recorded total revenue of US$294 million in Q2 of 2021 against US$203.6 million in Q2 last year. The company reported a gross profit of US$216.5 million in Q2 compared to US$123.1 million in the year-ago period. The net income of NUVA was US$1.8 million in the period, against a loss of US$50 million in Q2 the previous year.

The market capitalization of the surgical product manufacturer is US$3 billion. The forward P/E one year is 25.41, and the EPS is US$0.02. The 52-week highest and lowest stock prices of NUVA were US$72.61 and US$43.11.

Also read: Seven dividend aristocrats that are hard to miss

UDR, Inc (NYSE: UDR)

The stocks of the residential REITs company traded at US$52.84 at 11.15 am ET on August 23, down 0.41 percent over the August 20 closing price. The stock price of the real estate investment firm rose by 37.50 percent YTD. Its P/E ratio is 1057.

The company earned total revenue of US$311.1 million in Q2, 2021, compared to US$307.3 million in Q2, 2020. The gross profit of UDR was US$201.6 million in Q2 this year compared to US$307.3 million in Q2 last year. Its net income was US$11.7 million against US$57.8 million in Q2 last year.

Its market cap is US$15.6 billion, with a forward P/E one year of 26.55. Its EPS is US$0.05, and the yearly dividend is US$1.45. The 52-week highest and lowest stock prices of UDR were US$56.30 and US$29.34.

Source: Pixabay.

Powell Industries, Inc. (Nasdaq: POWL)

The stock of the electrical equipment manufacturer traded at US$25.76 at 11.29 am ET on August 23, up 2.22 percent over the August 20 closing price. The stock price of POWL decreased by 12.68 percent YTD. The P/E is 858.33.

The electrical component maker reported revenue of US$115.8 million in Q2 this year against US$118.1 million in Q2 last year. The gross profit was US$17.2 million compared to US$21.3 million in Q2 last year. It incurred a net loss of US$7.6 million in Q2 against a net income of US$3.5 million in Q2 last year.

Its market cap is US$301 million, the EPS is US$0.03, and the yearly dividend is US$1.04. The highest and lowest stock prices of POWL for the last 52 weeks were US$37.28 and US$23.32.

Source: Pixabay.

Telos Corporation (Nasdaq: TLS)

Stocks of the telecommunication company traded at US$30.41 at 11.54 am ET on August 23, up 3.99 percent over the August 20 closing price. The stock price of TLS went up by 35.15 percent YTD. The P/E is 744.50.

The Australia based company’s revenue for Q2 this year was US$10.5 billion against US$12.6 billion in Q2 last year. Its gross profit was US$6.4 billion against US$7.9 billion in the previous year’s quarter. The net income was US$759 million in Q2 this year compared to US$921 million in Q2 last year.

The market capitalization of TLS is US$2 trillion. The forward P/E one year is 88.58. The 52-week highest and lowest stock prices of POWL were US$41.84 and US$18.08.

American Campus Communities Inc (NYSE ACC)

Stocks of this real estate investment trust traded at US$48.75 at 12.01 pm ET on August 23, down 0.47 percent over the August 20 closing price. The stock price of ACC increased by 14.12 percent YTD. The P/E is 698.

The total revenue of the US-based company in Q2, 2021, was US$208.5 million against US$185.5 million in Q2 last year. The gross profit in Q2 this year was US$101.1 million compared to US$88.7 million in Q2 last year. The company incurred losses of US$9.4 million in Q2 against US$13.3 million a year ago.

The market capitalization of the company is US$6.7 billion. The forward P/E one year is 24.37. The EPS is US$0.07, and the annual dividend is US$1.88. The 52-week highest and lowest stock prices of ACC were US$51.69 and US$32.08.

Cal-Maine Foods, Inc. (Nasdaq: CALM)

Stocks of the company traded at US$35.94 at 12.10 pm ET on August 23, down 0.83 percent over the August 20 closing price. The stock price of ACC decreased by 4.50 percent YTD. The P/E is 896.25.

The farming company reported revenue of US$349.8 million in Q4, 2021, compared to US$453.3 million in Q4 last year. The gross profit was US$38.9 in Q4 this year against US$121.5 million in Q4 last year. The company incurred a loss of US$4.2 million in Q4 against an income of US$60.5 million a year ago.

Its market capitalization is US$1.7 billion, with a forward P/E one year of 50.33, EPS of US$0.04, and a yearly dividend of US$0.136. The 52-week highest and the lowest stock prices of CALM were US$43.23 and US$33.85.

Bottomline

Growth stocks have performed well in the recent quarters as the economy bounced back from the covid downturn. They expect better results when the pandemic threat wanes in the coming quarters.

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