Best Growth Stocks To Buy Now
Companies such as Opsens and Lithium Americas have a significantly positive future outlook on the basis of their profitability and returns. Investors seeking to enhance their portfolio should consider these financially stable, high-growth stocks. Investment in growth companies can benefit your current holdings, whether it be in established tech giants or undiscovered micro-caps. Here, I’ve put together a few companies the market is particularly optimistic towards.
Opsens Inc. (TSX:OPS)
Opsens Inc. develops, manufactures, installs, and sells fiber optic sensors for interventional cardiology, fractional flow reserve (FFR), oil and gas, and industrial applications. The company size now stands at 130 people and with the company’s market cap sitting at CAD CA$102.67M, it falls under the small-cap stocks category.
Extreme optimism for OPS, as market analysts projected an outstanding earnings growth rate of 54.38% for the stock, supported by an equally strong sales. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. OPS ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Should you add OPS to your portfolio? Have a browse through its key fundamentals here.
Lithium Americas Corp. (TSX:LAC)
Lithium Americas Corp., a resource company, engages in the acquisition, exploration, and development of mineral properties in Nevada. Established in 2007, and currently run by William Hodgson, the company size now stands at 115 people and with the market cap of CAD CA$1.09B, it falls under the small-cap group.
LAC is expected to deliver a buoyant earnings growth over the next couple of years of 31.89%, bolstered by a significant revenue which is expected to more than double. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. Furthermore, the 98.96% growth in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. LAC’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Check out its fundamental factors here.
Colliers International Group Inc. (TSX:CIGI)
Colliers International Group Inc. provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. Founded in 1972, and now led by CEO Jay Hennick, the company size now stands at 11,395 people and with the company’s market capitalisation at CAD CA$3.10B, we can put it in the mid-cap group.
CIGI’s projected future profit growth is an exceptional 94.52%, with an underlying 19.78% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of CIGI, it does not appear extreme. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 26.67%. CIGI ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Have a browse through its key fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
