{"id":516433,"date":"2022-04-04T04:18:33","date_gmt":"2022-04-04T08:18:33","guid":{"rendered":"https:\/\/financhill.com\/blog\/?p=516433"},"modified":"2022-04-01T11:51:32","modified_gmt":"2022-04-01T15:51:32","slug":"growth-stocks-that-are-screaming-buys","status":"publish","type":"post","link":"https:\/\/financhill.com\/blog\/investing\/growth-stocks-that-are-screaming-buys","title":{"rendered":"3 Growth Stocks That Are Screaming Buys"},"content":{"rendered":"

It\u2019s not always true that young, rapidly expanding companies have to be expensive. Here are three growth stocks that are screaming buys are current prices.<\/span><\/p>\n

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Planet.com<\/h2>\n
The technology of Earth Imaging<\/em> has been democratized in the last decade, with numerous companies now providing satellite data of the planet\u2019s surface to anyone with a need – or just a simple curiosity – for it.<\/div>\n
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One of those companies is Planet Labs<\/a>, an exciting and ambitious business that delivers daily, constantly-updated aerial mapping of the world\u2019s forests, oceans, cities and more.<\/div>\n
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As the brainchild of three former NASA scientists, Planet.com has an enviable pedigree. The company is the first-in-class of its kind, with a satellite fleet 10x larger<\/a> than any of its rivals.<\/div>\n
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Its constellation of imaging equipment is able to make up to 10 revisits of any location on Earth each day, while its unique archive of past images allows customers to precisely document planetary changes over a span of many years.<\/div>\n<\/div>\n
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Source: Planet<\/a><\/em><\/div>\n
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And the demand for PL\u2019s services is growing. The firm\u2019s latest fourth quarter results were announced at the end of March, with revenue of $37.15 million increasing 23% year-on-year<\/a>, and gross margins seeing improvement from 25% to 37% for the period<\/strong>.<\/div>\n
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The business successfully scaled over the fiscal year to deliver a top-line of over $131 million, while increasing its end-of-period customer count by 25% too.<\/div>\n
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Crucially, Planet was able to raise around $590 million<\/a> through its public float in late 2021, closing out the year with no debt and $491 million in cash and cash equivalents.<\/div>\n
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The company is now ready to blast-off with the next phase of its development, and has already secured important new clients such as Dutch multinational finance outfit Rabobank, as well as Bayer Environmental Science and European insurance company Swiss Re.<\/div>\n
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IonQ<\/h2>\n
Quantum computing has come a long way the last few years, and, in the form of IonQ, the discipline now has its first publicly-traded company too.<\/div>\n
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The firm, which was founded in 2015, is a specialist in what is called \u201ctrapped-ion\u201d quantum computing. Taking a slightly different approach than its peers, IONQ uses individual atoms as the base of its quantum computing model, turning them into ions.<\/div>\n
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Then, using a highly-sophisticated chip known as a linear ion trap<\/em><\/a>, it exploits the unique properties of quantum physics to harness massive processing power hitherto unseen in classical computers.<\/div>\n<\/div>\n