Best Growth Stocks To Add to Your Watchlist – November 15th

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 that investors expect to increase their revenue or earnings faster than the overall market. These companies often reinvest profits to fuel expansion rather than pay dividends, and their prices can be more volatile because valuations depend heavily on future growth expectations. 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 traded up $0.08 during trading hours on Friday, reaching $128.63. 2,919,077 shares of the company traded hands, compared to its average volume of 3,854,768. The stock’s fifty day moving average price is $130.66 and its 200 day moving average price is $137.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The firm has a market cap of $122.26 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.46 and a beta of 1.27. Prologis has a 12-month low of $121.40 and a 12-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 $4.03 during trading on Friday, hitting $643.54. The company had a trading volume of 373,440 shares, compared to its average volume of 424,711. The firm has a market capitalization of $29.63 billion, a P/E ratio of 29.41, a PEG ratio of 2.38 and a beta of 0.89. Teledyne Technologies has a 52-week low of $483.02 and a 52-week high of $697.67. The company has a 50 day simple moving average of $622.02 and a 200-day simple moving average of $635.49. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 0.18.

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 traded up $8.32 on Friday, reaching $275.39. 826,059 shares of the company traded hands, compared to its average volume of 694,460. Ascendis Pharma A/S has a one year low of $188.08 and a one year high of $282.15. The firm has a fifty day simple moving average of $242.67 and a two-hundred day simple moving average of $239.83. The company has a market cap of $17.18 billion, a P/E ratio of 18.00 and a beta of 0.40. The company has a quick ratio of 2.32, a current ratio of 2.99 and a debt-to-equity ratio of 0.27.