HomeTechHigh Growth Tech Stocks In The UK To Watch December 2024

High Growth Tech Stocks In The UK To Watch December 2024

Date:

Related stories

UK shoppers expected to spend £3.7bn on Boxing Day

Shoppers are expected to spend £3.7bn, this Boxing Day,...

Ukraine-Russia war latest: Biden vows surge in weapons for Kyiv after Putin attack

Andy Gregory26 December 2024 03:00Ukraine and South Korea disagree...

Denmark responds to Trump’s Greenland comments by boosting defense spending: Live

Alex Woodward25 December 2024 09:00John Bolton: I’m ‘very worried’...
spot_imgspot_img

The United Kingdom’s market has recently experienced a downturn, with the FTSE 100 and FTSE 250 indices closing lower amid weak trade data from China, highlighting ongoing global economic challenges. In this environment, identifying high growth tech stocks that can navigate such volatility becomes crucial, as these companies often possess innovative solutions and robust business models that may offer resilience against broader market pressures.

Name

Revenue Growth

Earnings Growth

Growth Rating

Gaming Realms

11.57%

22.07%

★★★★★☆

Filtronic

21.68%

55.69%

★★★★★★

STV Group

13.15%

46.78%

★★★★★☆

Facilities by ADF

48.47%

189.97%

★★★★★☆

Redcentric

5.32%

67.90%

★★★★★☆

Altitude Group

24.51%

30.10%

★★★★★☆

YouGov

8.52%

55.02%

★★★★★☆

Windar Photonics

42.38%

56.12%

★★★★★☆

Oxford Biomedica

21.20%

92.53%

★★★★★☆

Beeks Financial Cloud Group

22.12%

36.94%

★★★★★☆

Click here to see the full list of 50 stocks from our UK High Growth Tech and AI Stocks screener.

Here’s a peek at a few of the choices from the screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: GB Group plc, along with its subsidiaries, offers identity data intelligence products and services across the UK, US, Australia, and other international markets with a market cap of £867.28 million.

Operations: The company generates revenue through three primary segments: Identity (£159.78 million), Location (£83.94 million), and Fraud (£38.14 million).

GB Group’s recent turnaround from a net loss to generating GBP 1.58 million in net income highlights its resilience and potential within the tech sector. This shift is underscored by a robust annual earnings growth forecast of 36.6%, significantly outpacing the UK market average of 14.8%. Moreover, with an annual revenue growth rate of 6.9%, GB Group not only exceeds the broader UK market’s growth rate of 3.6% but also demonstrates a strategic recovery, particularly when considering their substantial one-off gain of £52.5M that notably skewed past financials. These figures reflect a company on an upward trajectory, albeit with challenges such as a relatively low forecasted return on equity at 3.7%. As GB Group continues to navigate its financial landscape, these metrics will be crucial in assessing its capacity to maintain profitability and expand its market share amidst evolving industry demands.

AIM:GBG Revenue and Expenses Breakdown as at Dec 2024

Simply Wall St Growth Rating: ★★★★☆☆

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img