Top growth stocks that gave over 200% return

Highlights

  • Marathon Digital Holdings, Inc. (NASDAQ: MARA) had 17,300 cryptocurrency miners as of Sept 30, 2021. The stock grew 342.77% YTD.
  • United Natural Foods, Inc. (NYSE: UNFI) has a P/E ratio of 20.25. The stock rose 210.99% YTD.
  • Callon Petroleum Company (NYSE: CPE) stock gained 305.55% YTD. It has a forward P/E of 5.33.

Growth stocks are companies that grow faster than the average market pace. These companies are mostly small firms, but they can also be medium to large-cap enterprises. Generally, these companies do not give dividends, but it is not a hard and fast rule. People typically invest in growth stocks for long-term hold and expect capital gains from their investments.

As the fiscal year 2021 comes to an end, it will be interesting to know the sectors and companies that generated substantial returns for investors.

Here we discuss seven companies that gave more than 200% return YTD. 


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United Natural Foods, Inc. (NYSE: UNFI)

52-week stock price range - US$52.99 to US$14.55

The Providence, Rhode Island-based UNFI is a wholesale distributor of organic food products in North America. It also sells merchandise, nutritional supplements, personal care items, etc. It offers nearly 300,000 products and runs 57 distribution centers and warehouses. 

For the fiscal year 2021 ended on May 31, 2021, its net sales were US$26.95 billion, and the net income was US$149 million. Its net sales and net loss were US$26.56 billion and US$274 million, respectively, in the fiscal year 2020.

The company has a market capitalization of US$2.9 billion and a P/E ratio of 20.25.

The stock closed at US$48.78 on December 6, 2021.

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 (Top Growth stocks in US, that gave return over 200%)

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Marathon Digital Holdings, Inc. (NASDAQ: MARA)

52-week stock price range - US$83.45 to US$4.50

The company is based in Las Vegas, Nevada. It is focused on mining digital assets. MARA owns cryptocurrency machines and a data center to mine digital assets. It had 17,300 cryptocurrency miners in Hardin, Montana, as of September 30, 2021. 

For the September quarter of 2021, it posted revenue of US$51.7 million from cryptocurrency mining compared to US$0.835 million in the same period a year ago. The net loss booked was US$22.17 million versus US$1.99 million in the September quarter of 2020.

MARA has a market capitalization of US$4.7 billion and a forward P/E for one year of 22.60.

The stock closed at US$41.81 on December 6, 2021.

Also Read: Seven hot dividend stocks to watch in 2022

Globalstar, Inc. (AMEX: GSAT)

52-week stock price range - US$$2.98 to US$0.31

The Covington, Louisiana-based Globalstar provides mobile satellite services. Its mobile satellite services are useful in locations where terrestrial wireline and wireless communications networks are not adequate or do not exist. Its communication services include two-way voice and data transmission and one-way data transmission on mobile and fixed devices.

The telecommunication company posted revenue of US$32.6 million in the September quarter of 2022 compared to US$32.7 million in the previous year. Its net loss was US$30.89 million versus US$24.9 million in the September quarter of 2020. GSAT has a market capitalization of US$2.4 billion. Its stock closed at US$1.23 on December 6, 2021.

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Prothena Corporation plc (NASDAQ: PRTA)

52-week stock price range - US$79.75 to US$10.72

The Dublin, Ireland-based Prothena Corp is a biotechnology company. It is focused on developing and commercializing novel protein immunotherapies for diseases like protein misfolding and inflammatory cell adhesion. 

For the September quarter of 2021, the company posted US$139 million in revenue and 109.2 million in net income. In the September quarter of 2020, its revenue and net loss were US$157 thousand and US$30.58 million, respectively.

The company has a market capitalization of US$2.3 billion and a P/E ratio of 48.13. The PRTA stock closed at US$44.06 on December 6, 2021.

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Callon Petroleum (NYSE: CPE)

52-week stock price range - US$65.45 to US$12.22

The Houston, Texas-headquartered company is engaged in exploring, developing, acquiring, and producing oil and natural gas. Its operations are primarily in the Permian Basin region of Texas and New Mexico.

The company earned revenue of US$552 million for the September quarter of 2021 compared to US$290 million for the same period of the previous year.

Its net income for the period was US$171.9 million, or US$3.65 per share diluted, versus a net loss of US$680.4 million, or US$17.12 per share diluted in the same quarter of 2020.

The company has a market capitalization of US$3.27 billion and a forward P/E of 5.33. The stock closed at US$49.16 on December 6, 2021.

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Signet Jewelers Limited (NYSE: SIG)

52-week stock price range - US$111.92 to US$24.92

The Hamilton, Bermuda-based retailer sells diamond jewelry, bridal wear, watches, etc. Its revenue segments are geographically defined as the North America segment, the International segment, and the Other segment. 

For the September quarter of 2021, its sales were US$1.5 billion compared to US$1.3 billion in the same quarter of 2020. The net income was US$83.9 million compared to US$0.9 million in the corresponding quarter of 2020. The company has a market capitalization of US$4.7 billion and a P/E ratio of 7.82. The company has a dividend yield of US$0.85%.

The stock closed at US$48.78 on December 6, 2021.

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Top US growth stocks that gave over 200% return.

Source - pixabay

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Matador Resources Company (NYSE: MTDR)

52-week stock price range - US$47.23 to US$11.24

The Dallas, Texas-based energy company is engaged in the exploration, development, production, and acquisition of oil and natural gas resources. The company uses 3-D seismic technology, horizontal drilling, and hydraulic fracturing technology to enhance production.

For the three months ended September 30, 2021, MTDR posted revenue of US$472 million compared to US$203 million for the same period a year ago. The net income was US$203.6 million against a net loss of US$276 million in the September quarter of the previous year.

MTDR’s current market capitalization is US$4.7 billion, and the P/E ratio is 17.15. The stock closed at US$38.42 on December 6, 2021.

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US Growth Stocks that gave 200% returns in 2021

Bottomline

Although growth stocks could be a risky bet in the absence of dividends, the potential for generous return on stock price could be significant. So, an investor must carefully analyze the company fundamentals to understand whether the stock has growth potential before investing.

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