3 Under the Radar Growth Stocks to Add to Your Watchlist

Technology stocks have dominated the attention of most investors this year because of their enormous growth. This grown has been driven in large measure by changing consumer and business behavior amid the COVID-19 pandemic. However, there are some non-technology stocks that have also experienced high growth this year and over a longer period. Many of these stocks have…

been overlooked by investors this year because of the tech boom’s near-monopolized the market’s attention.

These companies have unique services and solution to offer and have not been significantly impacted by the pandemic. They have carved niches for themselves in highly competitive industries and have experienced high periods of growth in the recent past.

Five Below, Inc. (FIVE – Get Rating), Fiverr International (FVRR – Get Rating), and Crocs, Inc. (CROX – Get Rating) are three companies whose growth stories have gone relatively unnoticed. These companies have recorded growth in revenues and EBITDA and have performed well as measured by other growth metrics. Despite generating decent gains this year, the shares of these companies still have plenty of upside left we believe.

Five Below, Inc. (FIVE – Get Rating)

FIVE is a specialty retailer that offers a range of products for teen and pre-teen market. The company sells products priced at a $5 or below. FIVE has gained 22.6% so far this year.

FIVE recently partnered with Instacart to offer same-day delivery services to customers in selected cities in the United States. The company is also collaborating with 2019 Fortnite World Champion to launch a new product line consisting of seven gaming products. The Fortnite World Cups is an annual esports competition based on the video game Fortnite.

FIVE’s revenue has grown at a CAGR of 18.4% over the last five years. The company’s EBITDA has grown at a CAGR of 5.9% over the last three years.

FIVE is expected to see a revenue growth of 20.1% for the quarter ended January 31, 2021 and 4.5% in 2021. The company’s EPS is estimated to…

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