Top Growth Stocks To Watch Now – November 4th

Prologis, Teledyne Technologies, and Ascendis Pharma A/S are the three Growth stocks to watch today, according to MarketBeat’s stock screener tool. Growth stocks are shares of companies expected to grow their earnings, revenue, or market value significantly faster than the broader market. These companies often reinvest profits into expansion rather than paying large dividends, and their stocks may carry higher valuations and greater risk if growth expectations are not met. 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 PLD stock traded up $0.81 during trading hours on Wednesday, reaching $129.89. The stock had a trading volume of 1,828,626 shares, compared to its average volume of 3,778,453. The firm has a 50-day simple moving average of $132.42 and a 200-day simple moving average of $137.76. The firm has a market capitalization of $123.46 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.81. Prologis has a twelve month low of $121.40 and a twelve month high of $153.35.

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 down $32.93 during trading hours on Wednesday, hitting $630.70. 185,882 shares of the stock traded hands, compared to its average volume of 342,809. Teledyne Technologies has a one year low of $483.02 and a one year high of $697.67. The company has a current ratio of 2.31, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $619.49 and a 200 day simple moving average of $634.10. The company has a market cap of $29.04 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.43 and a beta of 0.89.

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.

ASND stock traded up $3.31 on Wednesday, hitting $253.48. 188,416 shares of the company’s stock traded hands, compared to its average volume of 695,687. Ascendis Pharma A/S has a 1-year low of $188.07 and a 1-year high of $282.15. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 19.69 and a beta of 0.40. The stock has a fifty day moving average of $242.19 and a 200-day moving average of $238.35. The company has a current ratio of 2.99, a quick ratio of 2.32 and a debt-to-equity ratio of 0.27.