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The S&P/ASX 200 Index (ASX: XJO) has not enjoyed a great month over the past four weeks. As it stands on today’s market moves, the ASX 200 has slipped by around 0.51% compared to this time in August.

But one major ASX 200 constituent has fared worse than the ASX 200 over the past month. That would be the ASX 200’s largest bank (and presently largest company), Commonwealth Bank of Australia (ASX: CBA).

The Commonwealth Bank share price has underperformed the ASX 200 over the past month. While the ASX 200 has gone backwards by around 0.51%, CBA shares have gone from just under $105 a share a month ago to today’s share price (at the time of writing) of $101.83 a share. That’s a slide of around 3%.

So why this struggle for the CBA share price?

Why has the CBA share price underperformed the ASX 200 over the past month?

Well, it’s important to note that ASX bank shares have been a hard-hit sector during the widespread lockdowns of the past few months. As my Fool colleague Kerry discussed last week, the ASX banks may be struggling with slowing housing and credit growth, as well as the potential of customers and businesses struggling to service loans in these difficult times.

After the initial excitement following CBA’s earnings results last month, this could well be a factor in the recent poor run for the CBA share price.

But that brings us to a second possible catalyst for CBA’s poor performance: its recent dividend and share buyback program.

During its FY21 earnings report, CBA announced a well-received final, fully franked dividend of $2 per share, alongside a $6 billion share buyback program. This payout went ex-dividend on 17 August which resulted in a 3% share price drop that day

New owners of CBA at and after this date are not eligible to receive this dividend, so it makes sense that its value leaves Commonwealth Bank’s market capitalisation. CBA closed access to its share buyback offer the day before, on 16 August.

Both of these actions evidently resulted in investors adjusting the CBA share price accordingly. As such, these events are likely a major reason why CBA shares have gone backwards over the past month.

At the current CBA share price, this ASX bank has a market capitalisation of $180 billion, a price-to-earnings (P/E) ratio of 21.67 and a dividend yield of 3.43%.

The post The CBA share price has struggled in the last month. Here’s why appeared first on The Motley Fool Australia.

More reading

• The Macquarie (ASX:MQG) share price is outperforming the ASX big 4 in the past month
• Why the BHP (ASX:BHP) share price is slumping 1% today
• ASX 200 midday update: BHP & Fortescue fall, Flight Centre storms higher
• Transurban (ASX:TCL) share price could get boost from WestConnex rumour
• 5 things to watch on the ASX 200 on Tuesday

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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COVID-19 ushered in a lot of changes at a record pace.

According to some estimates, developed nations embraced more than 3 years’ worth of technological advances in the latter half of 2020 alone.

One of COVID-19’s biggest impacts was the mass closure of shared office space. This saw millions of workers eschew their former daily commutes and set up shop from home.

The work from home trend, in fact, grew so quickly and prevalent that it gained its own acronym, ‘WFH’.

For investors, this rapid sea change in the way people worked (along with shopped and socialised) presented a unique opportunity to pick up technology shares that could help people through the transition.

We look at 5 of those shares, and their potential outlook, below.

Three tech shares connecting workers during COVID-19 restrictions

Employees of all levels accustomed to chatting face to face and signing documents in person found those basic activities banned following COVID-19 office closures.

To keep their businesses running and staff productive, management had little choice but to turn to technology. While many tech shares have done well since the onset of the pandemic, some have done better than others.

Josh Gilbert, market analyst at global online investment platform eToro, told The Motley Fool that, “Companies that have been able to help businesses run smoothly from home have benefited as they’ve seen their customer bases swell.”

He points to Atlassian Corporation PLC (NASDAQ: TEAM), Zoom Video Communications Inc (NASDAQ: ZM), and Docusign Inc (NASDAQ: DOCU) as three companies “which have explicitly benefited from the work from home (WFH) lifestyle”.

Gilbert said, “Zoom’s share price grew by around 400% last year, as most companies around the world moved to remote working and turned to online video conferencing to solve their communication issues”.

Then there’s Australian software company Atlassian, “that builds collaboration and remote working tools to help teams connect and increase productivity”. Atlassian’s share price is up 127% in the last year.

Docusign’s software, among other things, enables organisations to manage electronic agreements in the Cloud with eSignatures. Docusign’s share price gained around 200% in 2020.

Two tech shares protecting WFH data

The WFH shift driven by COVID-19 didn’t just require better ways to communicate and exchange documents remotely. It also meant helping secure data that was now held on servers outside the head office.

As Gilbert told The Motley Fool, “An area most investors have overlooked is cybersecurity. With more staff than ever working outside of the office, internal cybersecurity procedures are being prioritised.”

He said Crowdstrike Holdings Inc (NASDAQ: CRWD) “the popular cybersecurity firm, set a record number of new customers in Q2 2021 at 1,660, with 81% growth year-over-year. Shares are also up 120% in the last year.”

Then there’s newly listed cybersecurity share SentinelOne Inc (NYSE: S), which went public in June.

According to Gilbert:

SentinelOne has already seen its share price jump around 60% in just a few months. In April 2021, Sentinel announced it had 4,700 customers, which grew by 74% from a year earlier. These numbers show a clear indication that businesses are spending more cash to protect their systems internally.

What’s next for these COVID-19 outperformers?

With COVID-19 having helped drive these tech stocks’ huge share price gains, forward looking investors are wondering how they’ll fare once the impacts of the pandemic begin to fade.

Gilbert acknowledges that, “The stocks that have benefited the most, such as Zoom, will see a natural slow down when businesses begin to return to offices.”

But he doesn’t anticipate workers will simply revert to the way things were in 2019:

It’s anticipated that the WFH lifestyle isn’t likely to completely disappear. Businesses have learnt that employees can work successfully at home, so they are less likely to be sending staff on worldwide or national trips, unless completely necessary.

Gilbert adds, “Fundamentally, stocks such as Zoom and DocuSign have built great bases, and we can expect M&A activity from both businesses and further innovation from their product lines moving forward.”

The post COVID-19 saw these 5 international tech shares boom…now what? appeared first on The Motley Fool Australia.

More reading

• Two exciting international shares to consider as superfunds hit record global investments
• Facebook (NASDAQ:FB) share price in focus as it reveals its answer to Zoom
• Aussie tech could grow to $250b. What does this mean for ASX tech shares?
• Afterpay (ASX: APT) and Atlassian team up in Aussie tech push

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Atlassian, CrowdStrike Holdings, Inc., DocuSign, and Zoom Video Communications. The Motley Fool Australia has recommended Zoom Video Communications. 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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The Imugene Limited (ASX: IMU) share price has jumped out of the starting blocks from the opening of trade this week.

Whereas the S&P/ASX 200 index (ASX: XJO) has fallen 0.12% today, Imugene shares are 5% in the green. They have now climbed 6% in two days.

Let’s investigate further.

What’s happening with Imugene this week?

The Imugene share price has benefitted from several tailwinds over the last few days.

Firstly, the company’s ticker was added to the S&P/ASX 300 index by Standard and Poor’s Dow Jones Indices (S&P DJI) on 3 September.

Imugene’s inclusion came on the back of index rebalancing that takes place each quarter.

The decision to place a ticker into the index is based on several criteria, such as market capitalisation and liquidity. Obviously, Imugene shares fit the bill in that regard.

In addition, Imugene recently advised it had achieved positive results in its Phase 2 HER-Vaxx clinical trial.

The trial investigated the safety and efficacy profile of the company’s immunotherapy candidate HER-Vaxx in a particular type of gastric cancer.

As a result of the positive data, Imugene now “plans two further company sponsored Phase 2 studies and one investigator sponsored study” investigating HER-vaxx’s use as an intervention in HER-2 gastric cancer.

Finally, in further news that could be affecting the Imugene share price, the company announced today it had passed all resolutions at its “extraordinary general meeting of shareholders”.

The resolutions were originally set out on 6 August. They pertained to shares that were supposed to be issued to Imugene’s executive chair, Paul Hopper.

Hopper was due to receive these shares if the company reached a clinical milestone that resulted from Imugene’s acquisition of Vaxina Pty Ltd, of which Hopper was the majority shareholder.

Specifically, the milestone was the US Food and Drug Administration (FDA) granting Imugene rights to a phase 1 clinical trial using Vaxina’s CF33 oncology technology.

Due to a discrepancy in time zones and other unforeseeable factors, these shares were not transferred to Hopper. As such, the decision was left to shareholders to vote on the same.

Shareholders subsequently voted in favour of the exchange.

Imugene share price snapshot

The Imugene share price has climbed 315% this year to date, and 730% over the past 12 months.

Both of these results have far outpaced the broad index’s return of around 25% over the past year.

The post Here’s why the Imugene (ASX:IMU) share price is up 6% so far this week appeared first on The Motley Fool Australia.

More reading

• Which ASX 300 shares are making the biggest moves on Tuesday?
• Why the Imugene (ASX:IMU) share price is tumbling 7%
• Imugene (ASX:IMU) share price surges 7% as R&D efforts increase

The author Zach Bristow has no positions 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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The Rio Tinto Ltd (ASX: RIO) share price is another struggling miner on Tuesday, down 1.55% to $108.975.

The S&P/ASX Materials (INDEXASX: XMJ) has been under heavy selling pressure as of late, down 10% in the past month.

What’s driving the Rio Tinto share price on Tuesday?

Iron ore prices plunge to 10 month lows

Tumbling iron ore prices continue to send shock waves across the materials industry, with the Fortescue Metals Group Ltd (ASX: FMG), BHP Group Ltd (ASX: BHP) and Rio Tinto share prices extending losses on Tuesday.

Benchmark iron ore prices fell another US$12.33/t or 8.8% to US$132.38/t on Monday, according to Fastmarkets MB.

The share prices of iron ore miners are now rapidly winding back as iron ore prices begin to retreat.

The sudden plunge in spot prices has witnessed declines between 14% to 21% in the past month for the three iron ore giants.

Military coup sparks development concerns

Meantime, special forces in the African nation of Guinea seized power on Sunday, closing both land and air borders and arresting the president.

The political instability in the region could impact mining companies, more specifically, Rio Tinto’s Simandou joint venture (45% ownership).

The Australian quotes Commonwealth Bank of Australia (ASX: CBA) mining and energy commodities analyst Vivek Dhar who said the outlook for Simandou looks cloudy after the coup.

“Funding was already challenging given the weak economic rationale to build the project. However, funding will prove even more challenging in the face of political instability,” said Mr Dhar.

The project is expected to produce 150 million tonnes per annum of iron ore at full capacity.

To add some perspective, Rio Tinto shipped 154.1 million tonnes in 1H21.

Rio Tinto share price snapshot

Rio Tinto’s recent underperformance has dragged its shares into negative year-to-date territory, down 4.57%.

At its highest point in the calendar year, the mining giant’s share price was up as much as 16% on 4 August.

The post Why the Rio Tinto (ASX:RIO) share price is in the red on Tuesday appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• Fortescue (ASX:FMG) share price craters to 10-month low as iron ore prices plunge
• Why the BHP (ASX:BHP) share price is slumping 1% today
• Why Appen, BlueScope, Fortescue, & Marley Spoon shares are dropping
• ASX 200 midday update: BHP & Fortescue fall, Flight Centre storms higher

Motley Fool contributor Kerry Sun 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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On Monday I looked at three ASX shares brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below. Here’s why these brokers are bearish on these ASX shares:

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Credit Suisse, its analysts have retained their underperform rating and $5.50 price target on this infant formula company’s shares. Although the broker notes that infant formula prices have stabilised in August and inventory levels look to be going in the right direction, it isn’t enough for a change of rating. Credit Suisse has concerns over slowing Chinese birth rates and the impact this may have on the company’s sales. The A2 Milk share price is fetching $5.66 on Tuesday.

Alumina Limited (ASX: AWC)

A note out of Macquarie reveals that its analysts have retained their underperform rating and $1.30 price target on this alumina company’s shares. Macquarie notes that alumina prices are rallying strongly and could rise further given the volatile political situation in Guinea. While this would give its earnings and dividend boost, the broker isn’t getting excited just yet and holds firm with its rating. The Alumina share price is trading at $2.03 on Tuesday afternoon.

Rio Tinto Limited (ASX: RIO)

Analysts at UBS have retained their sell rating and $102.00 price target on this mining giant’s shares. According to the note, the broker suspects that Rio Tinto will fall short of its iron ore production guidance for the calendar year. In addition to this, UBS notes that the global supply of iron ore is rising at a time that demand is weakening. This may not bode well for prices. The Rio Tinto share price is fetching $109.25 on Tuesday.

The post Leading brokers name 3 ASX shares to sell today appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: BHP & Fortescue fall, Flight Centre storms higher
• Alumina (ASX:AWC) share price flat despite potential tailwinds for bauxite
• Why BHP, Fortescue, & Rio Tinto shares could tumble today
• Here’s why the A2 Milk (ASX:A2M) share price is down 6% in a month
• Here are the 3 most traded ASX 200 shares this Monday

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk. 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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The Syrah Resources Ltd (ASX: SYR) share price is sliding today after the company released its earnings for the first half of 2021.

Right now, the Syrah share price is $1.34, 2.19% lower than its previous close.

Syrah share price slips on half-year earnings

Here’s how Syrah Resources performed for the 6 months ended 30 June 2021:

• After-tax loss of US$24.9 million, an improvement on that of the first half of 2020 which saw a loss of US$28.7 million;
• US$8.9 million of revenue;
• Depreciation and amortisation expense relating to Balama of US$4.9 million, offset by US$7.1 million worth of changes to inventory.

The company ended the period with US$85.3 million in cash. Over the period, it has received cash from a share purchase plan and its issuance of convertible notes.

What happened in the first half of 2021 for Syrah?

The 6 months ended 30 June was a busy period for Syrah and its share price.

The company restarted production at its Balama Graphite Operation in March 2021. It was shut down in March 2020 due to the impacts of COVID-19.

For the months it was operational, it produced approximately 33,500 tonnes of natural graphite. It also sold and shipped approximately 17,000 tonnes of its products.

However, global shipping disruptions impacted shipments and sales volumes towards the end of the half-year. The disruptions also impacted production volumes due to warehouse capacity issues.

Syrah also worked towards becoming a large-scale vertically integrated producer of natural graphite active anode material (AAM) at its US-based Vidalia facility.

It achieved first fully integrated production of battery specification AAM from the carbonisation furnace at Vidalia, using natural graphite from Balama.

The company is now to make an investment decision for the construction of a facility capable of creating 10,000 tonnes of AAM per annum at Vidalia.

Additionally, Syrah stated market conditions are still supportive of its decision to restart production at Balama.

Syrah share price snapshot

Despite today’s fall, the Syrah share price has been performing well on the ASX lately.

It has gained 36% year to date. It is also 243% higher than it was this time last year.

The post Syrah Resources (ASX:SYR) share price slumps on US$24.9 million loss appeared first on The Motley Fool Australia.

More reading

• Why is the Eastern Iron (ASX:EFE) share price in recess
• The Macquarie (ASX:MQG) share price is outperforming the ASX big 4 in the past month
• Why the Aerometrex (ASX:AMX) share price has rocketed 20% in a month
• 5 ASX shares under $10 that have more than doubled in the past year
• Why the Rhythm Biosciences (ASX:RHY) share price is flying higher today

Motley Fool contributor Brooke Cooper 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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The Eastern Iron Limited (ASX: EFE) share price rocketed again today before being temporarily paused by the ASX.

The iron ore exploration company’s shares pounced 20.69% higher to 3.5 cents apiece. It’s worth noting that yesterday, its shares registered a mammoth 123% gain following a positive release to the market.

In comparison, the All Ordinaires Index (ASX: XAO) has lost 0.17% this week alone.

Why are Eastern Iron shares paused?

The details surrounding the temporary pause is sketchy with the company only stating that a release is pending.

With no information in regards to what this could be, we take a look back at yesterday’s announcement. This could provide some clarity on what to expect in the near future from Eastern Iron.

A non-binding Memorandum of Understanding (MOU) was executed with Ya Hua International Investment and Development Co. Ltd to form a strategic partnership. The Chinese companies are wholly-owned subsidiaries of Sichuan Yahua Industrial Group Co. Ltd (Yahua Group).

The collaboration between Eastern Iron and Yahua Group will lead to a joint venture in acquiring and developing lithium projects.

Furthermore, the parties will work together in bringing the Trigg Hill Lithium Tantalum Project online. However, this will come after the completion of Eastern Iron’s acquisition of Trigg Hill and an initial exploration target.

The company entered into a binding Heads of Agreement with Amery Holdings for an option to acquire a 100% interest in the Trigg Hill Project.

Under the terms, Yahua Group has first right of refusal for product offtake from any projects with Eastern Iron.

About the Eastern Iron share price

The past 12 months has been nothing special for Eastern Iron shares when not factoring in this week’s gain. Investors will be licking their lips with the company’s shares zooming close to 150% over the last 2 days.

On valuation metrics, Eastern Iron has doubled in value to $26.4 million, whilst maintaining approximately 745 million shares on issue.

The post Why is the Eastern Iron (ASX:EFE) share price in recess appeared first on The Motley Fool Australia.

More reading

• Why the Eastern Iron (ASX:EFE) share price is rocketing 107% today

Motley Fool contributor Aaron Teboneras 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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The Macquarie Group Ltd (ASX: MQG) share price has long lived in the shadows of its larger ASX banking brethren. The big 4 banks like Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) seem to hold larger sway over the average ASX investors’ psyche than Macquarie does. Even so, Macquarie is still widely known as the ASX’s ‘fifth bank’.

And it has certainly earned that reputation over the past month or so.

Macquarie has had a banging 4 weeks. Not only has the Macquarie share price appreciated by a very healthy 7.3% over the past month but it has also clocked yet another new all-time high just this morning. Yep, Macquarie shares hit a share price of $170.65 just an hour or so ago.

That performance has smashed those of the other major ASX banks over the past month. Want proof? Let’s dig into it.

How has the Macquarie share price fared against the big 4 ASX banks?

So Commonwealth Bank shares have actually gone backwards over the past month. This leading ASX bank was trading at a share price of roughly $105 a share this time last month. But today, it’s presently fetching $101.92 a share.

Westpac? It’s up over the past month, but not nearly as much as Macquaire. Westpac shares were asking around $25.36 a month ago and are trading for $25.92 at the time of writing. That’s a difference of around 2.2%.

Let’s turn to National Australia Bank Ltd (ASX: NAB). NAB shares have fared a lot better than the other 2 ASX banks above. NAB has spent the past 4 weeks rising from just under $27 a share to today’s price of $28.54.

Just like Macquarie, NAB has also notched a new high of its own today, hitting a new 52-week high of $28.88 a share earlier this morning. Even so, NAB’s gains over the past month are sitting at 6.35%. Almost as good as Macquaire’s, but no cigar.

And, finally, we have Australia and New Zealand Banking Group Ltd (ASX: ANZ). Like CBA, ANZ shares have gone backwards over the past month. This (smaller) ASX bank was asking for around $28.90 a share a month ago. Today’s it’s currently trading at a share price of $28.01. That’s a slide of roughly 3.07% over the month just gone.

So, as you can see, Macquaire is the pick of the ASX banking shares bunch over the past month. NAB got close with its 6.35% gain. But even that healthy number doesn’t best Macquarie’s 7.3% performance.

At the current Macquarie Group share price, the ASX’s ‘fifth bank’ has a market capitalisation of $62.83 billion, a price-to-earnings (P/E) ratio of 20.66 and a dividend yield of 2.76%.

The post The Macquarie (ASX:MQG) share price is outperforming the ASX big 4 in the past month appeared first on The Motley Fool Australia.

More reading

• 3 buy-rated ASX dividend shares with big yields
• Westpac (ASX:WBC) share price slumps amid reports of sale delays
• ASX 200 bank shares fall as AUSTRAC says risk of criminal activity is ‘high’
• Will ASX 200 shares be rocked by RBA taper talk tomorrow?
• Analysts name 2 ASX 200 dividend shares to buy

Motley Fool contributor Sebastian Bowen owns shares of National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group 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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The Aerometrex Ltd (ASX: AMX) share price has had a great month on the ASX.

The aerial mapping company’s stock has soared 20% since this time last month, seemingly on the back of its financial year 2021 (FY21) earnings.

Right now, the Aerometrex share price is 83.5 cents, 6.37% higher than its previous close.

Let’s take a look at the latest news from Aerometrex.

Aerometrex’s FY21

The Aerometrex share price has taken off over the past 30 days.

Its gains were helped along by a huge boost to its annual reoccurring revenue. For FY21, the company reported reoccurring revenue of $4.8 million, 189% more than in FY20.

Most of the increase was due to its MetroMap subscription service, which reported 416% more statutory reoccurring revenue than it did for the previous financial year.

Aerometrex also saw its total revenue increase by 4% to $20.9 million.

Also undoubtedly helping the Aerometrex share price was the company’s glowing outlook for FY22.

Following a purchase order signed by Alphabet’s (NASDAQ: GOOGL) Google for a 3D data set covering the San Francisco Bay area, Aerometrex believes it’s gained traction in the US and is in a good position to grow in the region.

Aerometrex believes the market for 3D mapping in the US will soon be worth $1 billion.

Additionally, it thinks it will see further revenue growth from its MetroMap subscription service in FY22, helped along by the launch of MetroMap 3.0.

Aerometrex share price snapshot

The Aerometrex share price’s recent gains haven’t been enough to put it back in the green on the ASX.

It is 32% lower than it was at the start of 2021. It has also fallen 35% since this time last year.

At its current share price, the company has a market capitalisation of around $79 million with approximately 94 million shares outstanding.

The post Why the Aerometrex (ASX: AMX) share price has rocketed 20% in a month appeared first on The Motley Fool Australia.

More reading

• 5 ASX shares under $10 that have more than doubled in the past year
• Why the Rhythm Biosciences (ASX:RHY) share price is flying higher today
• Woolworths (ASX:WOW) share price lower after selling stake in meal box company
• Why the IGO (ASX:IGO) share price is slipping today
• Strike Energy (ASX:STX) share price lifts on project update

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares) and Alphabet (C shares). The Motley Fool Australia has recommended Alphabet (A shares) and Alphabet (C shares). 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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It is no secret that ASX shares have performed remarkably well in the past year. The S&P/ASX 200 Index (ASX: XJO) has surged 26% as companies bounced back from economic disruptions.

Although, there are ASX shares that have performed well above the Aussie benchmark index. The five ASX stocks we will be looking at today all trade for less than $10 per share and have more than doubled in value over the course of the last 12 months – let’s take a look!

5 ASX shares that have hit a homerun

Pilbara Minerals Ltd (ASX: PLS)

Emerging lithium producer Pilbara Minerals has experienced a meteoric surge in its share price over the past year. The widespread exuberance towards the lithium sector pushed this ASX share 562% higher during the period, now residing at $2.14 per share.

The $6.3 billion mining company has taken full advantage of a rocketing lithium price. In its full-year results for FY2021, Pilbara Minerals notched up a 142% increase in shipments to 281,440 dry metric tonnes. In conjunction with the higher commodity price, this lifted the company’s revenue by 109% to $175.8 million for the financial year.

Calix Ltd (ASX: CXL)

The next ASX share making the cut is highly topical given the ongoing concerns around climate change. In short, Calix focuses on developing technologies to “repair, preserve, and prevent future harm to [the planet]”. During the past year, the Calix share price has delivered a remarkable 315%. Today, the company’s shares command a $4.20 price tag.

It has been a stellar 12-month period for the company, receiving grants, entering multiple memorandums of understanding (MOU), and delivering revenue growth in FY21. Due to its ESG theme, Calix has caught the eye of Shaw and Partners advisor Adam Dawes. In speaking with The Motley Fool earlier in the month, Dawes shared the broker’s positive sentiment towards the company.

Dubber Corp Ltd (ASX: DUB)

Cloud-based call recording software company Dubber and its shareholders have enjoyed a plentiful period over the past year. As working from home continues to be popular, demand for call recording software jumped. In terms of revenue, Dubber achieved $23.3 million in FY21, an increase of 97% year on year. Likewise, the company’s share price has rocketed 244% over the past year.

This ASX share has been quick to capitalise on its success. In July, Dubber completed a $110 million capital raise to accelerate its growth objectives. One of these ambitious objectives includes increasing annual recurring revenue from $39 million to $100 million in the medium term.

Uniti Group Ltd (ASX: UWL)

Despite playing in a sector filled with giants, Uniti Group hasn’t shown any fear for going toe-to-toe. The provider of internet and telecommunication products and services delivered immense value for shareholders over the past year. For starters, the share price is up 188% — putting a smile on the faces of Uniti investors.

The rapidly growing ASX share is a product of execution on a bold acquisition strategy. In FY21 alone, Uniti completed the acquisitions of HabourISP, OptiComm, and Velocity. As a result, the company’s revenue exploded 175% to $159.9 million during the financial year. At the end of the period, Uniti’s contracted order book had grown to 250,460 construction premises.

Life360 Inc (ASX: 360)

Last but not least, Life360 has been helping families and investors have a more enjoyable time this past year. The family safety app maker eclipsed 32.2 million global monthly active users in FY21, an increase of 28% year on year. At the same time, this ASX share has surged by 134% in value over the past 12-months.

Investors drove the company’s share price higher as its ‘Paying Circles’ members continued to increase throughout the financial year. By the end of FY21, Life360 toted 1 million paying memberships, representing a 19% increase compared to the prior year.

The post 5 ASX shares under $10 that have more than doubled in the past year appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Dubber Corporation and Life360, Inc. The Motley Fool Australia owns shares of and has recommended Dubber Corporation. The Motley Fool Australia has recommended Uniti Group 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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