Amazing Growth Stocks for Adventurous Investors
These growth stocks provide amazing growth opportunities, because of their significant potential notwithstanding all they’ve already achieved.
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It’s always a balance between growth and stability in stock trading. People with long-term objectives prefer stocks with value and stability. They are risk-averse and want to play safe rather than buy high growth stocks that could be prone to greater volatility. They prefer stocks to buy and hold, and that’s a wise strategy to adopt. However, more adventurous traders want growth and they can accommodate some risk here and there. For people like that, here are some growth stocks that experts have pointed out.
Abiomed ($ABMD) Abiomed manufactures medical devices and it is designing a pump to be implanted into the heart of heart patients to help them survive future heart attacks. With over 735,000 Americans suffering from heart attacks each year, it is the number one cause of fatality in the United States. This revolutionary device from Abiomed can be seen as a lifesaving product and thereby witness rising demand. This miniature pump is a noninvasive device that keeps blood flowing to the heart even after a heart attack. This also helps during surgery. With the blood flowing, the heart is under lesser strain and can therefore repair itself better. This ensures better outcomes and could even prevent death. Abiomed has enjoyed a great degree of acceptance among healthcare providers. That has resulted in its top-line growing significantly. It has led to new products being launched and the company has significantly expanded geographically. All the resultant growth in revenue has been converted to profits as well. But the company believes there’s still a lot more to expand since its domestic rate of penetration has only been around 7%, and even lesser globally. If the company keeps rolling out such innovative and widely accepted products, there’s no reason why the penetration can’t get higher and higher in the years ahead with the stock value rising too. There’s significant growth potential. That’s probably why the company’s shares have witnessed a 500% appreciation in the past five years. That appreciation, however, has resulted in the company’s trailing P/E ratio rising above 122 and its price-to-sales ratio rising above 13. That’s a serious high valuation for Abiomed. But with the massive growth potential out there, analysts believe it could still be great option to buy a few of the company’s shares.
Take Two Interactive ($TTWO) This is a gaming stock that has soared 22% in just the past month and almost doubled last year. So it does take a good deal to buy the stock. But all that growth isn’t the end. There’s a lot more to further grow and expand. In the company’s fiscal fourth quarter its sales soared to 52% due to various reasons, including a successful installment of its Mafia franchise, the growing online ecosystem of its Grand Theft Auto, and sales from its 2K brands. Content delivered digitally such as in-game upgrades, expansion packs, and other downloads are getting more popular and that’s what Take Two is benefiting from. In fact, these digital sales surpassed 50% of the company’s business last quarter while recurring revenue subscriptions
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contributed to half of all the digital sales in the industry. That lends some stability to this usually volatile business that is driven by hits. While Take Two’s game portfolio isn’t as diverse as gaming rivals such as Electronic Arts and Activision Blizzard, it is looking to boost output in the coming year. With some fresh franchises and strong hits, it could reach the level of Activision and EA as a solid long-term investment. With the right data at your disposal plus in-depth insight, stock trading becomes a lot more precise and informative. That’s what advanced trading software offers in online stock trading.
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