Day: March 18, 2022

40% recovery: 4DMedical share price (ASX:4DX) turns sharply and delivers the goods

rising medical asx share price represented by excited doctors dancing in wardrising medical asx share price represented by excited doctors dancing in ward

The 4DMedical Ltd (ASX: 4DX) share price climbed higher on Friday afternoon to close up 1.18% at 85.5 cents.

Investors appear to be rallying behind Thursday’s announcement, which revealed the company is launching the world’s first dedicated lung scanner.

The 4DMedical share price soared almost 20% yesterday. It’s likely that momentum spilled over into today’s session as trading volume surged well past its four-week average at 764,665 shares.

With big gains also on Tuesday and Wednesday, it means 4DMedical shares have surged 41% since last Friday’s close. This week’s gain is a welcome reprieve for 4D shareholders, who’ve seen their holdings evaporate over the past 12 months.

TradingView Chart

What’s been happening at 4DMedical?

The company advised that it has installed the ‘XV Scanner’ at the Prince of Wales Hospital in Sydney after it was unveiled to the Federal health minister on Thursday.

4D says the scanner will provide unparalleled access to visually map the lung and provides “highly visual insight into lung function”.

A successful launch will hopefully see the market adopt its XV Technology, something the company says is integral to successful commercialisation.

But the benefits extend primarily to the doctor-patient realm, and the scanner itself is considered somewhat a “breakthrough in innovation”, according to Lung Foundation Australia CEO, Mark Brooke.

It’s reported that seven million Australian currently are living with or are impacted by lung disease in some way, therefore any breakthrough would be a welcome sigh of relief to many.

Evans and Partners have 4DMedical rated as a speculative buy and value the company at $1.50 per share, suggesting an upside potential of 75% at the time of writing.

Meanwhile, Bell Potter has the company rated as a speculative hold but sets a price target of $2.07 per share — a mammoth 142% upside potential.

According to Bloomberg data, the consensus valuation is $1.78 per share, still a considerable amount of upside potential if the bull case plays out to that level.

4DMedical share price snapshot

In the last 12 months, the 4DMedical share price has sunk and is now 44% in the red. It is also down 36% this year to date.

Despite the 40% gain this week, shares have still fallen into the red by 5% over the past month.

The post 40% recovery: 4DMedical share price (ASX:4DX) turns sharply and delivers the goods appeared first on The Motley Fool Australia.

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Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and 4DMedical wasn’t one of them.

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Up 68% in March so far, why this top broker sees more upside for the Lake Resources (ASX:LKE) share price

The Lake Resources N.L. (ASX: LKE) share price surged by more than 9% today, taking its gains for this week to 20%.

The Lake Resources share price closed at $1.55, up 9.54% on the day. That means it has now soared 68.2% since it opened at 92 cents on March 1.

These levels also mark the company’s 52-week high, surpassing previous highs of $1.29 on 11 March and $1.09 on 4 November 2021.

TradingView Chart

What are brokers saying?

Analysts at Bell Potter are constructive on the Lake Resources share price and gave it the vote of approval in a recent note. The firm made note of the ESG benefits to be realised at Lake’s key asset, the Kachi Lithium Brine project in Argentina.

It said the project’s direction lithium extraction technology has “enormous ESG benefits compared with incumbent brine and hard rock lithium production methods”.

After its examination, the broker valued Lake Resources at $1.82 per share with a speculative buy.

Fellow broker Lodge Partners also rates the company a buy with a $1.77 per share valuation. At the time of its report in mid-February, Lodge’s price target had an implied return of 86% when Lodge was trading at just 95 cents apiece.

Both firms agree that lithium pricing is the biggest driver to the Lake Resources share price going forward. Lodge reckons agreements reaching US$20,000/t aren’t unrealistic at this stage.

“We have increased our valuation on LKE… In our previous valuation we used a lithium price of US$15,000/t, however we feel it would be suitable to increase our lithium price input considering recent activity in the spot price,” it said.

“In our view, there is a very real possibility LKE will sign off-take contracts at more than US$20,000/t, hence our upgraded lithium price is still conservative.”

In fact, Lodge mentioned its valuation is most sensitive to lithium spot price movements. Just how much it moves is incredibly important on the upside potential on offer, it reckons.

“The valuation is most sensitive to lithium spot price movements. Each US$1,000/t movement gives a +-20% variation to our valuation,” Lodge said, noting “a price range of US$16,000/t to US$20,000/t sees the valuation range from $1.25to $2.28”.

Bell Potter and Lodge are joined by five other firms who reckon Lake Resources is a buy right now – 100% of all analysts covering the stock, according to Bloomberg data.

The consensus price target is $1.79 from this list, offering an upside potential of around 15% on the current share price.

Lake Resources share price snapshot

In the last 12 months, the Lake Resources share price has climbed more than 352% and is up a mammoth 50% this year to date.

Just over the past month, shares have jumped another 68%. They have also gained 26% over the past week.

The post Up 68% in March so far, why this top broker sees more upside for the Lake Resources (ASX:LKE) share price appeared first on The Motley Fool Australia.

Should you invest $1,000 in Lake Resources N.L. right now?

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Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Lake Resources N.L. wasn’t one of them.

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*Returns as of January 13th 2022

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Red gold! Fortescue (ASX:FMG) share price surges 8% in 2 days

A group of people in suits and hard hats celebrate the rising BHP share price with champagne.A group of people in suits and hard hats celebrate the rising BHP share price with champagne.

It’s no secret that ASX shares have had a pretty pleasing end to this week’s trading. Since Wednesday morning, the S&P/ASX 200 Index (ASX: XJO) is up a robust 2.5%, including today’s gain of 0.4% thus far. But that’s nothing compared to the Fortescue Metals Group Limited (ASX: FMG) share price.

Over the same period, Fortescue shares have gone from $17.15 a share to the $18.51 the ASX 200 iron ore miner is commanding today at the time of writing. That’s a very robust gain of 7.9%. What’s more, Fortescue reached intra-day highs of $18.69 during today’s session. That represents a gain of 8.8%. Not bad for just a few days.

So what’s been behind this strong rally?

Well, as you might guess, the most probable explanation is the price of iron ore itself. Unlike other major miners like BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO), Fortescue is almost a pure iron ore play. That means its fortunes largely rise and fall on the back of the iron ore price itself.

And iron ore has indeed seen some solid gains over the past few days. According to Business Insider, the iron ore price was fetching just under US$145 a tonne midweek. But as it stands today, iron ore prices have risen strongly since then, and are currently asking US$149.65 a tonne.

As such, this is the most likely reason why we have seen a surge in the Fortescue share price. Perhaps investors were a little bit relieved too. Iron ore spent most of last week falling in price. On 8 March, it was over US$160 a tonne, so that’s a big fall to the midweek price of under US$145.

Fortescue share price snapshot

After the blistering share price gains we saw Fortescue enjoy last year (not to mention the monster dividends), 2022 has been far more muted for Andrew ‘Twiggy’ Forrest and other Fortescue shareholders.

Even after this week’s late gains, the company is still down almost 7% year to date. It’s also down close to 9% over the past 12 months. But even so, Fortescue has given shareholders an eye-watering return of 195% over the past 5 years.

At the current Fortescue share price, this ASX 200 miner has a market capitalisation of $55.94 billion, with a stupendous trailing dividend yield of 16.07%.

The post Red gold! Fortescue (ASX:FMG) share price surges 8% in 2 days appeared first on The Motley Fool Australia.

Should you invest $1,000 in Fortescue Metals right now?

Before you consider Fortescue Metals, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Fortescue Metals wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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These ASX 200 shares are topping the volume charts on Friday

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.

a group of three people carry a large block to line it up in ascending order with two other blocks nearby.

The S&P/ASX 200 Index (ASX: XJO) is giving investors a pleasing end to the trading week as it currently stands this Friday. At the time of writing, the ASX 200 is up a decent 0.44% at just over 7,280 points. 

But let’s dive deeper into the market’s performance and take a look at the shares currently topping the ASX 200’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Telstra Corproation Ltd (ASX: TLS)

Telstra is our first ASX 200 share up today. This telecommunications blue-chip has watched 12.58 million of its shares fly around the markets thus far this Friday. Again, we have no major news or announcements out of the company itself that could explain this move. 

However, Telstra shares have been bucking the market, and not in a good way. The telco is currently down by 0.4% at $3.94 a share. Together with the company’s ongoing on-market share buybacks, this appears to be why Telstra is experiencing some elevated trading volumes. 

Pilbara Minerals Ltd (ASX: PLS)

Lithium producer Pilbara Minerals is our next company to take a peek at this Friday. So far today, a hefty 12.73 million of this ASX 200 company’s shares have been bought and sold. There’s been no official news to speak of out of Pilbara today. 

However, the company has been enjoying some robust share price action to close out the week. As it presently stands, the Pilbara share price is up a very healthy 4.82% at $2.83 a share. It’s this leap upwards that seems to be mostly responsible for the high trading volumes we are seeing.

Zip Co Ltd (ASX: Z1P)

ASX 200 buy now, pay later (BNPL) share Zip is our third, final and most traded share so far today. As it currently stands, a notable 19.62 million Zip shares have swapped hands at the time of writing. This looks like it has been caused by the rather wild movements of the Zip share price this Friday. 

The BNPL leader opened strong this morning and quickly rose by more than 8% to $1.72 soon after open. But sentiment seems to have cooled significantly throughout the day, and at the present time, Zip shares have fallen back to $1.62 a share, still up a decent 2.54%. It’s probably these erratic movements that have resulted in Zip topping the ASX 200’s volume charts. 

The post These ASX 200 shares are topping the volume charts on Friday appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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