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3 monster growth stocks to beat volatility
Volatility is back on the menu. Last week ended January trading in what was the worst month on the stock market since October. The GameStop saga monopolized headlines as the retail buying frenzy for names with high overdraft increased the possibility that the market was exhibiting bubble behavior. Add to the mix the slow release of Covid-19 vaccines and the fear of a delay in returning to normal and, once again, uncertainty is engulfing Wall Street. The key to success in this environment is really the same as in ‘normal’ times. Look for actions with solid foundations and a success story. Yes, past performance is no guarantee of future returns, but a history of stock price growth is a good indicator. After all, growth stocks are growing for a reason. We used the TipRanks database to get the details of three growth stocks that showed sustained gains over the past year – gains of 120% or more. Even better, for investors who see a growth profile, Wall Street analysts see continued growth ahead. Hyrecar, Inc. (HYRE) The gig economy has exploded in recent years, connecting people with skills to people in need. Hyrecar fills a gap for drivers without a car, connecting vehicle owners with idle vehicles to gig drivers (think Uber and Lyft) who need a vehicle. The Hyrecar service allows drivers to rent time on these vehicles, earning money from transportation or delivery routes, while the car owner earns passive income from the rental fee. Hyrecar operates on a peer-to-peer model and is available to subscribers as an online platform or a mobile application. In the past 12 months, the company’s stock has skyrocketed. HYRE rose 228% in this period, reaching an especially high with the opening of economies in 2H20. To put some figures on the company’s earnings, revenue increased from $ 3.7 million in 3Q19 to $ 6.8 million in 3Q20 (last quarter reported), a year-on-year gain of 83%. Although Hyrecar currently has a net loss – like many technology-driven startups – that loss was moderate over the course of 2020. In 3Q19, EPS was negative by 24 cents; in 3Q20, which had improved to 10 negative cents. In January 2021, the company announced partnerships with AmeriDrive Holdings, an automotive fleet manager, and Cogent Bank’s Special Loans Unit to expand the pool of available vehicles. The expected increase in vehicle availability has left analysts optimistic about Hyrecar. “New strategic partnerships involving HYRE and four key players, including AmeriDrive Holdings (private) and Cogent Bank (private), aim to more than double the vehicle supply on the HYRE platform in the next 12-18 months … We see the announcement as a significant victory for HYRE, which we believe creates a great opportunity for HYRE to increase the average of active rentals to ~ 9,000 per day against ~ 2,800 in 2021 ”, noted analyst Jack Vander Aarde of Maxim. In line with this optimistic outlook, the 5-star analyst assigns a Purchase rating to HYRE along with a target price of $ 18. At that level, his target predicts an 82% increase next year. (To view Vander Aarde’s track record, click here) In the past 3 months, only two other analysts have thrown their hats off with a view of the car sharing services player. The two additional Purchase ratings provide HYRE with a Strong Buy consensus rating. With an average price target of $ 15.67, investors are expected to take home a 59% gain if the target is reached in the next 12 months. (See HYRE stock analysis at TipRanks) Alpha and Omega Semiconductor (AOSL) Next, Alpha and Omega, is a semiconductor manufacturer with a broad portfolio of chipsets designed specifically for the power control requirements of advanced electronic devices. AOSL chips are found in a variety of common devices, including flat-screen TVs, LED lighting, portable PCs, smartphones – and the power supply units for these products. In fiscal 1Q21, the company reported $ 151.6 million in revenue, an increase of 28% year on year. The gains, which had been negative before the first quarter’s fiscal report, turned positive with an EPS of 36 cents. The gain bodes well for the company’s performance, now that the pandemic crisis is starting to subside. The results for the second fiscal quarter will be published on Thursday, February 4. The performance of Alpha and Omega shares is also improving, with shares rising 123% in the last 12 months. Such growth will certainly attract attention, and it does. 5-star analyst Craig Ellis of B. Riley Securities noted: “The strength of the Comms YE 5G smartphone unit offers a high bias, and we like the CY21’s 2x YY growth potential … In the consumer, adoption Next-generation gaming console health continues on the product and design opportunities. Therefore, we believe that the final Comms, Computing and Consumer markets are performing very well … We expect AOSL to grow above the sector … “To this end, Ellis evaluates AOSL a Buy along with a target price $ 40. This figure implies ~ 40% increase from current levels. (To see Ellis’s history, click here) Although many have not opted in on AOSL in the past 3 months, those who have done so are praising. two analysts rate the semiconductor manufacturer as Buy and the average price target of $ 37.50 implies a ~ 30% increase for next year. (See AOSL stock analysis at TipRanks) Lands’ End (LE) The retail landscape has changed dramatically in recent years, and many venerable names have stood in the way, but some have survived. Lands’ End, founded almost 60 years ago, has built a reputation for quality in the clothing, footwear and decorating niche for The company raised $ 1.45 billion in fiscal 2019, the latter with full numbers available. From the 2020 numbers that have been published, it appears that Lands’ End is on track for steady growth. It posted year-over-year revenue gains in both the second and third quarter of 2020, indicating a rapid recovery from the COVID crisis. Third quarter revenue was $ 360 million, an increase of 5.8% over 3Q19 – and an even more impressive 15% increase over 2Q20. Meanwhile, the company has revised its guidance for the fourth quarter upwards. Revenue is expected to be between $ 528 million and $ 533 million, an increase of 4% at the midpoint. EPS is expected to be between 54 cents and 58 cents, for an average increase of 19%. Solid revenues during a difficult year generated a strong appreciation of the shares. LE shares have gained a hefty 126% in the past 52 weeks. Covering these actions for Craig-Hallum, analyst Alex Fuhrman writes: “Lands’ End defied expectations in 2020 and is well positioned to grow in 2021 and beyond. The company has proven its ability to execute in all environments, as well as the strength of its branded e-commerce channel, which has grown by more than 20% a / a in the last two quarters reported … we anticipate continued growth in e-commerce, in 2020 the growth was probably the result of gains in market share from physical enemies, rather than ‘pantry loading’, while retail and uniform channels have substantial growth potential ahead. ”Unsurprisingly, Fuhrman classifies the stock as Buy, and its target price, at $ 35, implies a growth potential of ~ 27% over the next 12 months. (To see Fuhrman’s history, click here) Some actions fly below the radar, and LE is one of them. Fuhrman’s is the only recent analyst analysis at this company, and it is decidedly positive. (See TipRanks ‘LE stock analysis) To find good ideas for stock trading with attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that brings together all TipRanks stock insights. Disclaimer: The opinions expressed in this article are exclusively those of the analysts presented. The content should be used for informational purposes only. It is very important to do your own analysis before making any investment.