AYX - 3 High-Growth Stocks That Are Just Getting Started
The coronavirus pandemic has had disastrous effects on people, businesses, communities, and the economy. As a result, many stocks are trading at a discount to previous highs, but three stand out as high-quality growth companies with a long runway ahead. Latin American e-commerce operator Mercado Libre (NASDAQ: MELI), entrepreneur e-commerce platform Shopify (NYSE: SHOP), and data analytics software specialist Alteryx (NYSE: AYX) are three that deserve some attention from growth investors.
Let's take a quick look at some of the key metrics around this trio and dive into what makes each stock worth owning today.
All three capped off a solid 2019 and are looking toward another great year ahead. Even though shares trade at 28% or more of a discount off the 52-week highs (as of market close Tuesday, March 24), the price-to-sales ratios are still pretty lofty and will scare away the value-minded investor. But growth investors know that often these special companies are worth the market premiums.