5 Stocks That Are Skyrocketing

Finding a deal on stocks isn’t easy when the market is in a historic bull run. Federal reserve money printing and government stimulus pouring in makes it hard to fight the rising tide. Investors are in a buying mood and wondering where to find stocks that are skyrocketing?

The key to investing for the future is investing in the future. Stocks set to soar tend to have an innovative way of solving an existing problem, and there are trends like automation, electric vehicles, and quantum computing on the horizon.

Here are five stocks that are skyrocketing already on the back of investor optimism for disruptive innovation.

Crowdstrike Revenue Growth Is Impressive

Crowdstrike Holdings Inc (NASDAQ:CRWD) is a threat intelligence company deeply involved in the cutting edge of cybersecurity. The Sunnyvale, California-based company provides end-to-end security and cyber attack response services in a cloud-based environment.

Artificial intelligence and distributed attacks make protecting data harder than ever, but it’s necessary to avoid massive losses that stem from not protecting customer data. The more the world moves to virtual work and school, the more necessary the industry becomes.

The company’s revenue surged to $609.5 million in the first nine months of its fiscal 2021. That’s an 85 percent increase from the same period of the prior year. That gave the company a profit of $31 million versus a $58.7 million net loss in fiscal 2020.

Of course, this spurred a run on the stock and drove the price up to 41 times its projected 2022 revenue estimates. Assuming it hits those, it could continue going up, and that makes it a bit of a risky play.

Still, the cybersecurity market is estimated to grow from $167.1 billion in 2020 to $326.4 billion in 2027. That leaves plenty of growth room if the company can stay on its growth course.

Bill.com Has 100,000+ Customers

Bill,com Holdings Inc (NYSE:BILL) is an online billing software company that continued increasing its customer base while forming partnerships with traditional banks like Wells Fargo (WFC), JPMorgan Chase (JPM), and Bank of America (BAC).

The company has over 100,000 customers spending nearly $35 billion a year at the end of 2020.

As more companies embraced remote work and work-from-home schedules, the more cloud-based billing made a difference. Small and mid-sized businesses often can’t afford professional accounting and this solution automates back-end financial work.

Besides the banks, the company is partnered the top U.S. accounting firms and software from Oracle to QuickBooks. As a white-label platform, you may be already using Bill.com without even realizing it.

Accounting is an industry ripe for AI disruption, as accounts payable and accounts receivable can be a tedious process for manual data entry. It’s ripe for problems, and Bill.com is the answer.

Its adjusted operating loss of $2.7 million for the most recent quarter is a big improvement on the $4.5 million loss in the same quarter of the prior year. But it has $1.7 billion in cash on hand, including $1.15 billion in newly raised capital.

This cash pile will help the company further expand its presence and bridge the gap of fintech for legacy banks. It recently launched Bill Manager and a wealth management platform that should continue its growth pattern well through 2021.

Is Danimer Scientific Dethroning Plastic?

Danimer Scientific Inc (NYSE:DNMR) is a biopolymer manufacturer that owns the patent for Nodax, which is used in the production of everything from plastic resins to adhesives, and injection molding. But its biggest moneymaker is in its FDA classification of safe to touch food and non-hazardous after disposal.

Its corn-based plastics are used in disposable single-serve coffee cups, and the company has an environmentally friendly way to process hydrocarbons.

The microorganisms used in bioplastics could be the future of manufacturing and spread to everything from products to the packaging used for them. The biggest problem with eco-friendly plastics in the past was low quality, but the industry grew by leaps and bounds.

It generated $42.12 million in sales in the past 12 months and the price is already up about 600 percent since its SPAC launch at the end of 2020. This next-gen company grew from an approximately $890 million market capitalization to over $5 billion within the first quarter of 2021.

And that’s why environment-focused investors are looking to this company as a possible heir to the plastic throne. It’s squeezing every bit of life out of the patent it bought and could usher in a new way of life in the process.

AppHarvest Is An AgTech Success Story

Appharvest Inc (NASDAQ:APPH) is an agricultural technology company that’s working on the future of farming. The company uses advanced vertical farming methods to use less water and grow larger yields in shorter timeframes. Because they grow indoors, there’s no weather or seasonal limitations.

The technology was originated in the Netherlands and brought to the United States, which is the largest food exporter in the world.

It’s an early-stage company that’s mostly focused on easy-to-grow and easy-to-sell fruits and vegetables like tomatoes and lettuce. But the technology can inevitably be adjusted to any type of crop. With cannabis growing in popularity, that’s another industry using advanced indoor farming techniques.

AppHarvest already tripled in price since its SPAC, showing the resiliency of greenhouse technologies. This advanced greenhouse project can set the stage for everything from at-home to off-planet farming.

It raised around $500 million from its SPAC that originally valued it as a $1 billion company. At last count, it was a $3.5 billion company and growing.

The global population is over 9 billion people, and our appetites are growing as we live longer. It’s important to optimize the farming of staple foods, like corn, soybeans, wheat, and citrus. 

Ozon Holdings Is The “Amazon” Of Russia

Ozon Holdings PLC – ADR (NADAQ:OZON) is a pioneer in Russian ecommerce. Think of it as the Amazon of Russia – in fact, the company started as an online bookstore before growing into one of the most valuable Russian internet companies.

It offers over 5 million products and continued expanding to offer financing while building out its distribution network. Supply chain and logistics are the key to success, and the company spent $300 million to expand through the pandemic.

As you can imagine, the company grew like Amazon (AMZN) and Alibaba (BABA) during the pandemic. It reached a point where the company held an American IPO in November 2020 with a $6.2 billion valuation. And it already doubled that within a few months.

The quarantine drove people to stay at home around the world, and Russia is no exception. Investors should expect e-commerce to continue growing through the next year as it takes time to get the vaccine out to the masses.

It earned $890 million in the first nine months of 2020, a 70 percent increase from the prior year. And it’s launching a debit card that it hopes to expand its reach.

Each of these companies is an innovative force in its industry. They’re all relative newcomers and that could give them more growth potential than more established competitors. Don’t let these innovative companies skyrocket without you.

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The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.