Promising Growth Stocks To Research – May 10th

Novo Nordisk A/S, BlackRock, and Prologis are the three Growth stocks to watch today, according to MarketBeat’s stock screener tool. Growth stocks are shares of companies whose revenues and earnings are expected to increase at an above-average rate compared with the overall market. Investors buy them mainly for capital appreciation rather than income, and they often carry higher valuations and greater volatility as a result. These companies had the highest dollar trading volume of any Growth stocks within the last several days.

Novo Nordisk A/S (NVO)

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

NVO stock traded up $0.90 during trading on Friday, reaching $65.75. 13,058,660 shares of the stock were exchanged, compared to its average volume of 6,370,098. The company has a current ratio of 0.74, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Novo Nordisk A/S has a twelve month low of $57.00 and a twelve month high of $148.15. The firm’s 50 day moving average is $69.21 and its 200 day moving average is $86.23. The firm has a market cap of $295.06 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.90 and a beta of 0.65.

BlackRock (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

NYSE BLK traded down $5.16 during mid-day trading on Friday, hitting $923.48. The company’s stock had a trading volume of 684,779 shares, compared to its average volume of 685,833. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company’s 50 day simple moving average is $913.01 and its 200 day simple moving average is $978.51. The firm has a market capitalization of $143.37 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.90 and a beta of 1.41. BlackRock has a twelve month low of $752.30 and a twelve month high of $1,084.22.

Prologis (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.

NYSE PLD traded up $1.48 during trading hours on Friday, hitting $106.97. The company’s stock had a trading volume of 5,505,774 shares, compared to its average volume of 4,156,701. The company has a current ratio of 0.75, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53. The company’s 50-day simple moving average is $105.95 and its two-hundred day simple moving average is $111.43. The company has a market capitalization of $99.26 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis has a 52 week low of $85.35 and a 52 week high of $132.57.