Yahoo Finance Top High Growth Stocks This Week
Athabasca Oil and Stingray Digital Group are a few noticeable companies with a strong future outlook. The market’s optimistic sentiment towards these stocks indicates a level of confidence in the future outlook of their businesses. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Athabasca Oil Corporation (TSX:ATH)
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. Started in 2006, and headed by CEO Robert Broen, the company now has 245 employees and has a market cap of CAD CA$983.74M, putting it in the small-cap category.
ATH’s projected future profit growth is an exceptional 82.33%, with an equally strong underlying growth from its cash flow from operations expected over the upcoming years. An affirming signal is when net income increase is supported by operating cash flow 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 1.30%. ATH’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? Take a look at its other fundamentals here.
Stingray Digital Group Inc. (TSX:RAY.A)
Stingray Digital Group Inc. provides business-to-business multi-platform music and in-store media solutions to businesses and individuals worldwide. Started in 2006, and currently lead by Eric Boyko, the company now has 400 employees and has a market cap of CAD CA$506.81M, putting it in the small-cap group.
Driven by the positive double-digit sales growth of 22.78% over the next few years, RAY.A is expected to deliver an excellent earnings growth of 92.94%. Although reduction in cost is not the most sustainable operational activity, the expanding top-line growth, on the other hand, is encouraging. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.00%. RAY.A’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Take a look at its other fundamentals here.
SDX Energy Inc. (TSXV:SDX)
SDX Energy Inc. engages in the exploration, development, and production of oil and gas primarily in the Arab Republic of Egypt and the Kingdom of Morocco. The company now has 21 employees and has a market cap of CAD CA$226.99M, putting it in the small-cap category.
SDX’s forecasted bottom line growth is an optimistic double-digit 43.21%, driven by underlying sales, which is expected to more than double, over the next few years. It appears that SDX’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. Furthermore, the 75.07% 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. SDX’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in SDX? I recommend researching its fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
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.
