Growth Stocks To Watch Now – May 11th

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 earnings and revenues are expected to grow at an above-average rate compared to the overall market. These companies typically reinvest profits back into operations rather than paying high dividends, aiming to fund research, expansion, or acquisitions. Investors in growth stocks generally accept higher valuations and volatility in exchange for the potential of substantial capital appreciation. 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.

Novo Nordisk A/S stock traded up $0.90 during midday trading on Friday, reaching $65.75. 13,058,660 shares of the stock were exchanged, compared to its average volume of 6,383,307. The firm has a market cap of $295.06 billion, a PE ratio of 19.98, a PEG ratio of 0.90 and a beta of 0.65. Novo Nordisk A/S has a 52 week low of $57.00 and a 52 week high of $148.15. The company’s fifty day moving average is $69.21 and its 200-day moving average is $86.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 0.74.

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.

Shares of BlackRock stock traded down $5.16 on Friday, hitting $923.48. 684,779 shares of the company traded hands, compared to its average volume of 686,149. 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 firm’s 50-day simple moving average is $913.01 and its 200 day simple moving average is $978.44. BlackRock has a 12-month low of $752.30 and a 12-month high of $1,084.22. The company has a market cap of $143.37 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.90 and a beta of 1.41.

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 up $1.48 during mid-day trading on Friday, hitting $106.97. The company’s stock had a trading volume of 5,505,774 shares, compared to its average volume of 4,161,857. The stock has a market cap of $99.26 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Prologis has a 12 month low of $85.35 and a 12 month high of $132.57. The business has a 50 day moving average price of $105.95 and a 200-day moving average price of $111.37. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.75 and a quick ratio of 0.43.