Promising Growth Stocks To Follow Now – May 14th

Novo Nordisk A/S, Prologis, and BlackRock are the three Growth stocks to watch today, according to MarketBeat’s stock screener tool. Growth stocks are shares of companies whose earnings and revenues are expected to grow at above-average rates compared to their industry or the broader market. These firms typically reinvest profits back into the business rather than paying out dividends, so investors buy them primarily for capital appreciation. While they offer high return potential, growth stocks often carry greater volatility and valuation risk. 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.

Shares of NYSE:NVO traded down $1.15 during midday trading on Wednesday, reaching $64.25. The company had a trading volume of 6,237,816 shares, compared to its average volume of 6,448,018. The stock has a market cap of $288.32 billion, a PE ratio of 19.53, a P/E/G ratio of 0.90 and a beta of 0.65. The company has a quick ratio of 0.55, a current ratio of 0.74 and a debt-to-equity ratio of 0.62. Novo Nordisk A/S has a 1-year low of $57.00 and a 1-year high of $148.15. The business’s 50 day moving average price is $68.30 and its 200 day moving average price is $85.37.

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.

Prologis stock traded down $2.22 during trading hours on Wednesday, hitting $107.48. The company had a trading volume of 2,468,517 shares, compared to its average volume of 4,184,625. Prologis has a one year low of $85.35 and a one year high of $132.57. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market cap of $99.73 billion, a PE ratio of 26.87, a PEG ratio of 2.70 and a beta of 1.25. The firm has a 50-day moving average of $105.46 and a 200 day moving average of $111.24.

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 up $6.82 during trading hours on Wednesday, reaching $966.00. 225,751 shares of the company were exchanged, compared to its average volume of 685,604. The company has a market capitalization of $149.97 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock has a 1-year low of $752.30 and a 1-year high of $1,084.22. The business has a 50 day moving average of $912.82 and a 200 day moving average of $978.16.