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Top Growth Stocks To Watch Today - November 3rd

Prologis logo with Real Estate background
Image from MarketBeat Media, LLC.

Key Points

  • Seven growth stocks were highlighted for November 3: Prologis, Ascendis Pharma, Teledyne Technologies, Hamilton Lane, Jersey Mike’s, Acadia Realty Trust, and Digital Turbine, selected for having the highest recent dollar trading volume among growth stocks.
  • Market performance was mixed: Prologis and Acadia Realty Trust declined, while Ascendis Pharma, Teledyne, Hamilton Lane, Jersey Mike’s, and Digital Turbine gained during Tuesday trading.
  • The companies represent diverse growth themes, including logistics real estate, biopharmaceuticals, industrial technology, private equity, fast-casual restaurants, retail real estate, and mobile advertising platforms.
  • Five stocks we like better than Prologis.

Prologis, Ascendis Pharma A/S, Teledyne Technologies, Hamilton Lane, Jersey Mike's, Acadia Realty Trust, and Digital Turbine are the seven Growth stocks to watch today, according to MarketBeat's stock screener tool. Growth stocks are shares of companies expected to expand their earnings, revenue, or market presence faster than the broader market. Investors typically buy them for the potential of significant price appreciation, though they may carry higher risk and often pay little or no dividend because profits are reinvested into the business. These companies had the highest dollar trading volume of any Growth stocks within the last several days.

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.

Shares of NYSE PLD traded down $1.37 on Tuesday, reaching $128.28. 1,556,460 shares of the company's stock traded hands, compared to its average volume of 3,777,320. Prologis has a 12 month low of $121.40 and a 12 month high of $153.35. The business's 50 day simple moving average is $132.71 and its two-hundred day simple moving average is $137.77. The company has a market cap of $119.70 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.34 and a debt-to-equity ratio of 0.61.

Read Our Latest Research Report on PLD

Ascendis Pharma A/S (ASND)

Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapies for unmet medical needs. It offers SKYTROFA for treating patients with growth hormone deficiency (GHD). The company is also developing a pipeline of three independent endocrinology rare disease product candidates in clinical development, as well as focuses on advancing oncology therapeutic candidates.

Shares of ASND traded up $1.86 during mid-day trading on Tuesday, reaching $250.84. The company had a trading volume of 208,651 shares, compared to its average volume of 696,020. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.32 and a current ratio of 2.99. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.40 and a beta of 0.38. The firm has a 50-day moving average price of $242.22 and a 200 day moving average price of $238.18. Ascendis Pharma A/S has a 52 week low of $188.07 and a 52 week high of $282.15.

Read Our Latest Research Report on ASND

Teledyne Technologies (TDY)

Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.

TDY stock traded up $6.02 on Tuesday, reaching $665.93. 72,351 shares of the company traded hands, compared to its average volume of 342,584. The firm has a fifty day simple moving average of $618.73 and a 200-day simple moving average of $633.59. The company has a market cap of $30.66 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.45 and a beta of 0.89. Teledyne Technologies has a one year low of $483.02 and a one year high of $697.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.51.

Read Our Latest Research Report on TDY

Hamilton Lane (HLNE)

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.

Hamilton Lane stock traded up $1.31 during mid-day trading on Tuesday, hitting $89.16. The company had a trading volume of 288,238 shares, compared to its average volume of 767,522. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. The stock's 50 day moving average price is $90.63 and its two-hundred day moving average price is $97.80. Hamilton Lane has a 12 month low of $71.88 and a 12 month high of $155.66. The company has a market capitalization of $4.95 billion, a PE ratio of 13.58 and a beta of 1.23.

Read Our Latest Research Report on HLNE

Jersey Mike's (JMKE)

We are Jersey Mike’s: A high-growth franchisor of fast casual, submarine-style sandwich restaurants specializing in authentic, hand-crafted, craveable subs. Built over 70 years on one uncompromising belief – that a truly great sub sandwich can change your day and that a truly great brand changes its community – Jersey Mike’s is now one of the largest and fastest-growing limited-service restaurant brands based on U.S.

Shares of NYSE:JMKE traded up $0.82 on Tuesday, hitting $19.63. 1,145,457 shares of the company traded hands, compared to its average volume of 3,283,703. Jersey Mike's has a 52 week low of $15.96 and a 52 week high of $24.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.82. The business has a 50 day moving average price of $18.92.

Read Our Latest Research Report on JMKE

Acadia Realty Trust (AKR)

Acadia Realty Trust stock traded down $0.28 during mid-day trading on Tuesday, reaching $19.11. The stock had a trading volume of 594,616 shares, compared to its average volume of 1,340,323. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 56.22, a PEG ratio of 2.04 and a beta of 1.11. The company has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $20.61. Acadia Realty Trust has a one year low of $17.96 and a one year high of $23.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.13 and a quick ratio of 1.13.

Read Our Latest Research Report on AKR

Digital Turbine (APPS)

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.

APPS stock traded up $0.81 during trading on Tuesday, hitting $9.27. 1,113,155 shares of the stock traded hands, compared to its average volume of 3,785,434. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -35.73, a price-to-earnings-growth ratio of 0.47 and a beta of 3.02. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. Digital Turbine has a 1 year low of $2.74 and a 1 year high of $15.34. The firm's 50 day moving average is $10.69 and its two-hundred day moving average is $7.56.

Read Our Latest Research Report on APPS

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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