Growth Stocks To Follow Now – February 07th

Novo Nordisk A/S, BlackRock, and Blackstone are the three Growth stocks to watch today, according to MarketBeat’s stock screener tool. Growth stocks are shares of companies that are expected to experience substantial revenue and earnings growth at a pace faster than the industry average or overall market. These stocks often do not pay high dividends, as the companies typically reinvest their earnings back into the business to fuel future growth. Investors are attracted to growth stocks for their potential to provide strong capital appreciation over time. These companies had the highest dollar trading volume of any Growth stocks within the last several days.

Novo Nordisk A/S (NVO)

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

NVO traded down $0.65 during midday trading on Friday, hitting $86.52. 5,499,239 shares of the company’s stock traded hands, compared to its average volume of 9,394,192. The company has a market cap of $388.27 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 0.93 and a beta of 0.45. The stock’s fifty day simple moving average is $91.86 and its 200-day simple moving average is $111.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.75. Novo Nordisk A/S has a one year low of $78.17 and a one year high of $148.15.

BlackRock (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

BLK traded down $8.79 during midday trading on Friday, hitting $997.84. 310,127 shares of the company’s stock traded hands, compared to its average volume of 803,968. The company has a market cap of $154.54 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The stock’s fifty day simple moving average is $1,025.55 and its 200-day simple moving average is $967.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock has a one year low of $745.55 and a one year high of $1,084.22.

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

BX stock traded down $2.20 during midday trading on Friday, hitting $172.35. 1,478,670 shares of the company traded hands, compared to its average volume of 3,038,844. Blackstone has a twelve month low of $115.82 and a twelve month high of $200.96. The company has a quick ratio of 0.71, a current ratio of 0.67 and a debt-to-equity ratio of 0.61. The business has a 50 day simple moving average of $178.78 and a 200-day simple moving average of $163.28. The stock has a market capitalization of $124.44 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53.