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3 sample growth stocks to beat volatility
Volatility is back on the menu. Last week, January trading ended in the worst month of the stock market since October. The GameStop saga has hit the news, as the retail buying frenzy for names with a short interest raises the possibility that the market may be showing bubble behavior. Add to the mix the slow deployment of Covid-19 vaccines and the fear of a delayed return to normal, and once again the uncertainty is engulfing Wall Street. The key to success in this environment is actually the same as in ‘normal’ times. Look for stocks with good fundamentals and a history of success. Yes, past performance is no guarantee of future returns, but a history of stock price growth is a good indication. After all, growth stocks are growing for a reason. We used the TipRanks database to gather the details of three such growth stocks that have shown sustained gains over the past year – gains of 120% or more. And even better, for investors who have a growth profile, Wall Street analysts see continued growth. Hyrecar, Inc. (HYRE) The gig economy has exploded over the past few years, connecting people with skills to people with needs. Hyrecar fills a void for motorless drivers, connecting cars with idle vehicles to gig drivers (think Uber and Lyft) who need a vehicle. The Hyrecar service allows drivers to rent time in these vehicles and earn money from their transportation or delivery routes, while the owner of the car earns a passive income from the rent. Hyrecar works on the peer-to-peer model and is available to subscribers as an online platform or a mobile app. In the last twelve years, the shares of the company have risen. HYRE rose 228% during that time, especially as economies opened in 2H20. To give some figures for the company’s profits, revenue increased from $ 3.7 million in 3Q19 to $ 6.8 million in 3Q20 (last reported quarter), a year-on-year profit of 83%. While Hyrecar currently has a net loss – like many tech companies – the loss moderated over the course of 2020. In the third quarter of 19, profit was 24 cents negative; in the third quarter of 20 it improved to negative cents. In January 2021, the company announced partnerships with AmeriDrive Holdings, a motor fleet manager, and Cogent Bank’s special loan unit to expand the pool of available vehicles. The expected increase in vehicle availability has strongly prompted analysts at Hyrecar. New strategic partnerships involving HYRE and four key players, including AmeriDrive Holdings (private) and Cogent Bank (private), aim to double the vehicle stock on HYRE’s platform over the next 12-18 months … We consider the announcement as a major win for HYRE, which we believe creates a huge opportunity for HYRE to increase the average active rent to ~ 9,000 per day compared to ~ 2,800 in 2021, “noted Maxim analyst Jack Vander Aarde. Consistent with this optimistic outlook, the 5-star analyst puts a Buy rating on HYRE along with a price target of $ 18. At that level, its target predicts an upward lead of 82% in the coming year. to view Vander Aarde’s record, click here.) Over the past three months, only two other analysts have thrown in the hat with a view to the car-sharing player.The two additional buy ratings give HYRE a strong consensus rating. n gem with a target price target of $ 15.67, investors will take home a 59% profit if the target is met during the next 12 months. (See HYRE stock analysis on TipRanks) Alpha and Omega Semiconductor (AOSL) Next, Alpha and Omega, is a semiconductor manufacturer with a wide portfolio of chips specifically designed for the power requirements of advanced electronic devices. AOSL’s chips are found in a range of common devices, including flat screen TVs, LED lighting, laptops, smartphones – and the power supply units for these products. In fiscal 1K21, the company reported $ 151.6 million in revenue, up 28% year-over-year. Earnings, which were negative before the financial year quarterly report, turned positive with a profit of 36 cents. The profit bodes well for the company’s performance now that the pandemic crisis is starting to subside. The results of the second fiscal quarter will be published on Thursday, February 4th. Alpha and Omega’s equity performance is also increasing, with equities rising 123% over the past 12 months. Growth like this will definitely attract attention, and it has. 5-star analyst Craig Ellis of B. Riley Securities, noted: ‘Comms YE 5G strength for smartphone devices offers an upward bias, and we like CY21’s 2x YY growth potential … In the consumer’s healthy survey of the next generation game console is the following: about product and design opportunities. We therefore believe that the end markets for the commission, computer and consumer market are performing well … We expect the AOSL growth to grow above the industry … “Ellis rates AOSL a buy with a price target of $ 40 This figure implies ~ 40% upside to current levels. (To view Ellis’s record, click here. Although not a weighted opinion on AOSL in the last three months, those who praise it call. In general, two analysts rate the semiconductor manufacturer a buy and the average price target of $ 37.50 implies ~ 30% upside for the coming year (see AOSL stock analysis on TipRanks) Lands’ End (LE) The retail landscape has changed dramatically in recent years, and many venerable names have fallen by the wayside, but some have survived, and Lands’ End, founded nearly 60 years ago, has built a reputation for quality in the clothing, footwear and home decor business, the company has $ 1 , 45 billion for its 2019 financial year, the last with complete numbers available. From the 2020 numbers published, it looks like Lands’ End is on track for steady growth. It achieved a revenue increase in the second quarter and in the third quarter of 2020, indicating a rapid recovery from the COVID crisis. Q3 revenue was $ 360 million, an increase of 5.8% compared to 3Q19 – and an even more impressive 15% compared to 2Q20. Meanwhile, the company has revised its Q4 lead upwards. Revenue is expected to be between $ 528 million and $ 533 million, up 4%. EPS is expected to be between 54 cents and 58 cents, for a midpoint increase of 19%. Steady income through a difficult year has boosted strong share appreciation. LE share has risen by 126% over the past 52 weeks. Analyst Alex Fuhrman, who covers the stock for Craig-Hallum, writes: ‘Lands’ End has defied expectations in 2020 and is well positioned to grow in 2021 and beyond. The company has proven its ability to export in all environments, as well as the strength of its branded e-commerce channel, which has grown by more than 20% year-on-year over the past two reported quarters. growth was likely due to gains in market share of brick-and-mortar enemies rather than ‘pantry loading’, while the retail and uniform channels have potential for significant growth. It is not surprising that Fuhrman is considering a buyout, and its price target, at $ 35, implies growth potential of ~ 27% over the next 12 months. (Click here to view Fuhrman’s record.) Some stocks are flying under the radar, and LE is one of them. Fuhrman’s is the only recent reviewer of these analysts, and that’s certainly positive. (See LE stock analysis on TipRanks.) To find great ideas for stocks that trade at attractive valuations, visit TipRanks’ best stocks to buy, a newly introduced tool that unites all the insights of TipRanks. Disclaimer: The opinions expressed in this article are solely those of the proposed analysts. The content is for informational purposes only. It is very important to do your own analysis before investing.