Day: May 4, 2022

Analysts say these small cap ASX shares have big futures

A woman holds a tape measure against a wall painted with the word BIG, indicating a surge in gowth shares

A woman holds a tape measure against a wall painted with the word BIG, indicating a surge in gowth shares

Looking for some small cap shares to buy? Then have a look at the ones listed below.

Here’s why they could be worth getting better acquainted with:

Airtasker Ltd (ASX: ART)

The first small cap ASX share to consider is Airtasker. It is a growing online marketplace provider for local services that estimates that it has a total addressable market of $600 billion across Australia, the UK, and the US markets.

It has also just announced an agreement to acquire Australia’s third largest local services platform Oneflare. This is expected to strengthen its offering and give it a strong presence in trades, home improvement and professional services.

Morgans is very positive on the company. It currently has an add rating and $1.15 price target on the company’s shares. Though, that could change in the coming days following the acquisition and the accompanying capital raise.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share to that has been tipped as a buy is PlaySide Studios. It is one of the largest video game developers in Australia with a growing portfolio of titles.

In addition, the company has recently announced work for hire deals with a number of industry giants including 2K Games and Activision Blizzard. This appears to demonstrate PlaySide’s growing reputation in the industry and could open the door to other deals in the future if everything goes to plan.

Another potential money spinner is the company’s exposure to NFTs. For example, it recently revealed revenue of $8 million from NFTs related to the Dumb Ways to Die brand. Aussie NBA star Ben Simmons was a buyer of five of these tokens according to records.

Ord Minnett is a fan of PlaySide. It currently has a speculative buy rating and 95 cents price target on its shares.

The post Analysts say these small cap ASX shares have big futures appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. 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 Scott Phillips.

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3 ASX All Ordinaries shares that smashed new 52-week highs today

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.

The All Ordinaries Index (ASX: XAO) may have fallen today but three ASX shares defied the trend.

The index dropped 0.3% today to 7,564.80 points. The S&P/ASX 200 Index (ASX: XJO) also fell 0.16% today, to 7,304.70 points.

Let’s take a look at which shares outperformed the ASX All Ordinaries Index today.

Origin Energy Ltd (ASX: ORG)

The Origin Energy share price reached a multiple-year high of $7.075 in today’s trade. This is the highest price since February 2020. The company’s share price retreated to finish at $7.00, a 1.3% gain on yesterday’s close. Brent Crude oil has climbed 1.12% to US$106.15 per barrel, according to Bloomberg, while natural gas fell 1.19%. Meantime, coal surged more than 8% on global markets, Trading Economics data reveals. Origin intends to close its coal-fired plant, the Eraring Power Station in New South Wales by 2025.

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global Resources share price hit a yearly high of $2.43 in earlier trade today before closing at $2.38. Coronado is a metallurgical (met) coal producer, an essential element for steel. Coronado recently reported record coal sales in the March quarter, up 1.4% on the December quarter. The realised met coal price was also up 24.4% in the December quarter. Coronado is involved in projects in Queensland and the United States. The company claims it is one of the largest met coal producers globally.

Orora Ltd (ASX: ORA)

The Orora share price reached a yearly high of $4.02 in earlier trade today before retreating to $3.99 at the close of trade. Orora is a global packaging, products, and visual communications solutions company. Orora shares have been rising since the company’s investor day presentation on 28 April. The Orora share price has climbed 5% between market close on 27 April and 4 May. On 28 April, the company revealed operating and earnings momentum has exceeded its H122 results. Orora expects EBIT growth for FY22 to be higher than FY21. The total FY22 dividend is predicted to be at the top end of the 60 to 80% payout range.

The post 3 ASX All Ordinaries shares that smashed new 52-week highs today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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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 Scott Phillips.

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2 excellent ETFs for investors to buy in May

ETF in written in different colours with different colour arrows pointing to it.

ETF in written in different colours with different colour arrows pointing to it.

Are you looking for exchange traded funds (ETFs) to buy? If you are, then you may want to look at the two ETFs listed below that are popular with ASX investors.

Here’s why they could be worth getting better acquainted with:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF for investors to look at is the BetaShares Crypto Innovators ETF. As its name implies, this ETF gives investors exposure to the cryptocurrency industry.

Though, rather than giving investors direct exposure to coins, it provides access to the companies propping up the industry. These companies include mining equipment manufacturers, trading platform providers, and even bitcoin and other cryptocurrency miners.

Among the shares you’ll be owning a slice of are crypto mining hardware manufacturer Canaan, crypto trading platform Coinbase, crypto bank Silvergate, and crypto mining company Riot Blockchain.

In respect to Coinbase, it is a leading trading platform that boasts that approximately 89 million verified users, 11,000 institutions, and 185,000 ecosystem partners in over 100 countries that trust it to invest, spend, save, earn, and use crypto.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A second ETF for ASX investors to look at is the BetaShares Global Cybersecurity ETF.

With the cyber threat increasing each year, spending on cybersecurity services is predicted to increase to almost US$250 billion by 2023. This bodes well for the companies included in the HACK ETF, which are working to reduce the impact of cybercrime globally.

Among the companies you’ll be owning a slice of are Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, and Splunk.

CrowdStrike provides the popular Falcon platform. This platform delivers incident response and forensic analysis services that are designed to help businesses understand whether a breach has occurred.

The post 2 excellent ETFs for investors to buy in May appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BETA CYBER ETF UNITS and Betashares Crypto Innovators ETF. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Hawsons Iron share price volatility continues with more wild swings on Wednesday

An older man throws his hands up in excitement as he rides a carnival swing high up in the air.

An older man throws his hands up in excitement as he rides a carnival swing high up in the air.

It’s been another wild day of trading for the Hawsons Iron Ltd (ASX: HIO) share price. Yesterday, we covered how this little-known iron ore explorer had rocketed from 29 cents a share in early April to the $1.06 it recorded yesterday. That comes on top of an eye-watering 603% year to date return it was sitting at yesterday. Not to mention the stupendous 2,397% gain for the preceding 12 months.

However, those figures don’t come without some neck-cracking volatility. Monday saw Hawsons Iron shares add more than 18% to their value. But this was quickly taken down a notch yesterday when the company gave up almost 20% of its share price. As it stands today, the Hawsons Iron share price is down another 11.11%, closing at 64 cents a share after travelling as low as 60 cents and as high as 80 cents during the course of today’s trading session. How’s that for volatility.

Hawsons Iron share price redefines volatility

Hawsons Iron shares have also traversed between $1.06 a share and 57 cents a share over just the past five trading days. We now have a 52-week range of between 3.9 cents per share and $1.06 per share. What’s even more perplexing is that these moves are occurring despite no new news or announcements from Hawsons over May thus far.

The company’s last major release was a quarterly cash flow report released on 29 April. This could be feeding into the volatility we are seeing, despite the fact it did not contain any blockbuster numbers or announcements.

However, we have seen some major macroeconomic developments in recent days that could be feeding into market-wide volatility. The most significant was the announcement yesterday that the Reserve Bank of Australia (RBA) would be increasing the cash rate for the first time in 11 years. We’ve also seen a not-insignificant fall in the iron ore price over the past week or so.

But despite these developments, it has certainly been a rather remarkable journey that this company’s shares have been on in recent days.

At today’s closing Hawsons Iron share price, this ASX iron ore share has a market capitalisation of $457 million.

The post Hawsons Iron share price volatility continues with more wild swings on Wednesday appeared first on The Motley Fool Australia.

Should you invest $1,000 in Hawsons Iron right now?

Before you consider Hawsons Iron, 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 Hawsons Iron 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 Scott Phillips.

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