Top 5 Growth Stocks Under $50 to Watch in April 2025 with Impressive Gains

Growth stocks continued their strong momentum in the first quarter of 2024, with the SPDR Portfolio S&P 500 Growth ETF (SPYG) climbing an impressive 14.84%. This surge highlights opportunities for investors seeking dynamic companies with substantial price appreciation potential.

The minerals sector led the charge this period, buoyed by mining firms like Coeur and Harmony gaining significant traction. Additionally, insurance innovator Hippo Holdings, semiconductor manufacturer Semtech, and healthcare tech leader Staar Surgical all demonstrated remarkable stock price growth, surpassing the benchmark ETF.

Data is accurate as of April 8, 2024.

Key Insights

• Growth stocks are distinguished by their potential for rapid price increases driven by expanding revenues and earnings.
• These companies typically reinvest profits back into business expansion rather than paying dividends.
• Investing in growth stocks involves accepting higher volatility in exchange for the opportunity of greater returns.

Coeur Mining, Inc. (CDE)

• Industry: Non-Energy Minerals / Precious Metals
• Current Price: $4.80
• Market Capitalization: $1.86 billion
• Year-to-Date Return: 37.5%

Starting 2024 at $3, Coeur Mining surged to $4.80 by April 8, marking a 37.5% increase. This Canadian precious metals miner benefited from inflation concerns and skepticism about Fed rate cuts, positioning it as a leader among sub-$50 stocks.

With earnings soaring 86% this year, Coeur’s market cap stands strong at $1.86 billion, rebounding from a recent five-year earnings decline.

Hippo Holdings (HIPO)

• Industry: Finance / Insurance Services
• Current Price: $25.39
• Market Capitalization: $544.56 million
• Year-to-Date Return: 64%

Hippo Holdings impressed investors by climbing from $9 to $25.39 within the first quarter, delivering a 64% gain. Specializing in homeowners insurance, the company recently announced a $50 million stock buyback, signaling confidence in its growth trajectory.

After surpassing earnings and revenue expectations on March 6, Hippo’s earnings have surged 67% year-to-date.

Harmony Gold Mining (HMY)

• Industry: Non-Energy Minerals / Precious Metals
• Current Price: $8.91
• Market Capitalization: $5.65 billion
• Year-to-Date Return: 24.5%

Harmony Gold Mining’s stock climbed from $6 to $8.91 as gold prices rose amid renewed inflation fears, offering investors a safe haven. The South African miner boasts a $5.65 billion market cap with earnings up 76% this year.

Semtech Corp. (SMTC)

• Industry: Electronic Technology / Semiconductors
• Current Price: $35
• Market Capitalization: $2.19 billion
• Year-to-Date Return: 40%

Semtech’s stock price jumped 40% from $21 to $35 in just over three months, fueled by a remarkable 370% increase in earnings. Operating since 1960 from Camarillo, California, the company is a notable Russell 2000 index component and an iShares Russell 2000 ETF holding.

Staar Surgical (STAA)

• Industry: Health Technology / Medical Specialties
• Current Price: $48
• Market Capitalization: $2.42 billion
• Year-to-Date Return: 39.58%

California-based Staar Surgical saw its stock soar from $29 to $48, nearly a 40% rise, following encouraging preliminary Q1 2024 net sales. The company specializes in implantable eye lenses, achieving record U.S. quarterly sales since FDA approval in March 2022.

Selection Criteria for These Growth Stocks

These stocks were chosen based on their exceptional price appreciation from the start of the year through April 8, 2024. All are traded under $50 per share on Nasdaq or NYSE exchanges.

Growth stocks prioritize revenue expansion, often reinvesting profits to accelerate business development rather than issuing dividends. Their dynamic nature can lead to greater price fluctuations compared to value stocks, requiring investors to balance risk and reward.

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The author holds no shares in the mentioned companies as of this publication date.

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