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3 Growth Companies With High Insider Ownership And 161% Earnings Growth
Over the last 7 days, the United States market has experienced a 1.1% drop, yet it has shown resilience with a 9.1% rise over the past year and earnings are projected to grow by 14% annually. In such an environment, growth companies with high insider ownership can be particularly appealing as they often align management's interests with those of shareholders, potentially driving strong performance and strategic growth initiatives.
Top 10 Growth Companies With High Insider Ownership In The United States
Overview: Coastal Financial Corporation, with a market cap of $1.34 billion, operates as the bank holding company for Coastal Community Bank, offering a range of banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region of Washington.
Operations: Coastal Financial's revenue is primarily derived from three segments: CCBX ($222.52 million), Community Bank ($84.07 million), and Treasury & Administration ($15.57 million).
Insider Ownership: 14.5%
Earnings Growth Forecast: 48% p.a.
Coastal Financial demonstrates robust growth potential with earnings forecasted to grow by 48% annually, outpacing the US market's 14.3%. Recent earnings reported net income of US$9.73 million, up from US$6.8 million a year ago, despite significant insider selling in the last quarter. The stock trades at 32.5% below its estimated fair value and analysts expect a price increase of 22.7%. Executive changes include the CFO's planned departure later this year.
Overview: Simulations Plus, Inc. specializes in creating drug discovery and development software that leverages artificial intelligence and machine learning for modeling, simulation, and molecular property prediction, with a market capitalization of approximately $645.26 million.
Operations: The company's revenue is derived from two main segments: Services, which generated $32.54 million, and Software, contributing $46.02 million.
Insider Ownership: 17.3%
Earnings Growth Forecast: 38.5% p.a.
Simulations Plus is poised for significant growth, with earnings expected to rise 38.5% annually, surpassing the US market's average. Despite a decline in net profit margins from 16.3% to 9.2%, revenue is projected to grow between 28% and 33% this year, reaching up to US$93 million. The company recently launched DILIsym 11 and supports the FDA's roadmap for reducing animal testing, enhancing its role in computational modeling and regulatory compliance within the pharmaceutical sector.
Overview: McEwen Mining Inc. is involved in the exploration, development, production, and sale of gold and silver deposits across the United States, Canada, Mexico, and Argentina with a market cap of $405.99 million.
Operations: The company's revenue segments include $66.36 million from Canada and $102.26 million from the United States of America (USA).
Insider Ownership: 15.7%
Earnings Growth Forecast: 161.9% p.a.
McEwen Mining is forecasted to achieve profitability within three years, with earnings expected to grow significantly above the market average. Despite a recent quarterly net loss of US$6.27 million, this reflects an improvement from a larger loss last year. The company's revenue growth is projected at 18.8% annually, outpacing the US market average. Recent exploration updates at the Grey Fox Project indicate promising results, potentially enhancing future production capabilities and resource estimates for gold extraction activities.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
