Every investor is on the lookout for stocks that have the potential to double, which is no small feat.
You can search among companies that are down on their luck and trying to turn their businesses around. However, betting on a turnaround is a risky endeavor. If the company's results start improving, it could rekindle investor confidence and thereby raise its stock price. The flip side is that the company may continue to underperform and, as a result, see its share price stagnate or decline.
Meanwhile, there are stocks that already made huge gains over the past year, but could potentially double this year if they continue to execute well. Of course, the risk here is that these stocks are priced for perfection, and any missteps could be punished severely.
Let's look at five publicly traded companies that appear to have the potential to see their share prices double this year.
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