Invitae is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chances of risk. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Invitae Corporation (NYSE:NVTA)
Invitae Corporation, a genetic information company, processes DNA-containing samples, analyzes information related to patient-specific genetic variation, and generates test reports for clinicians and their patients in the United States, Canada, and internationally. Established in 2010, and currently headed by CEO Sean George, the company now has 594 employees and with the company’s market cap sitting at USD $406.02M, it falls under the small-cap stocks category.
NVTA’s forecasted bottom line growth is an optimistic double-digit 43.20%, driven by underlying sales, which is expected to more than double, over the next few years. It appears that NVTA’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. Furthermore, the high growth of over 100% in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. NVTA ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper.
Sensus Healthcare, Inc. (NASDAQ:SRTS)
Sensus Healthcare, Inc. manufactures and markets superficial radiation therapy devices to healthcare providers worldwide. Founded in 2010, and now run by Joseph Sardano, the company now has 45 employees and with the market cap of USD $79.47M, it falls under the small-cap group.
Extreme optimism for SRTS, as market analysts projected an outstanding earnings growth rate of 96.02% for the stock, supported by an equally strong sales growth of 66.99%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. SRTS’s impressive outlook on all aspects makes it a worthy company to spend more time to understand.
Wix.com Ltd. (NASDAQ:WIX)
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. Formed in 2006, and currently lead by Avishai Abrahami, the company currently employs 1,266 people and with the company’s market cap sitting at USD $3.83B, it falls under the mid-cap stocks category.
WIX is expected to deliver a buoyant earnings growth over the next couple of years of 49.39%, bolstered by an equally impressive revenue growth of 74.64%. It appears that WIX’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 76.29%. WIX ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper.