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The Emyria Ltd (ASX: EMD) share price has been one of the best performers over the month. The share price has risen an astonishing 131%. Today alone, shares in the healthcare technology and services company are up 13% to 27 cents at the time of writing.

During the late afternoon trade, the company’s shares were being picked up for 26.5 cents. This reflects an all-time high for the Emyria share price.

We take a closer look into what’s moving its shares over the past few weeks.

What’s the go with Emyria?

At the start of February, shares in the healthcare technology and services company were swapping hands for as little as 11 cents. However, a raft of positive announcements led investors to revaluate the company’s prospect, sending the Emyria share price higher.

The first release was related to the company winning a digital health grant from the Western Australian government early this month. For this project, Emyria took the leadership role. This aimed to help boost the state’s digital health infrastructure and capacity in dealing with major health concerns.

Following the digital health grant, the company announced last week that it added a second Melbourne clinic to its portfolio. The expanded presence comes after Emyria revealed that it has achieved record patient appointments in January 2021. In total, the company now has six locations across Australia gathering clinical data to improve the platform for patient care.

Quick take on Emyria

Emyria, formerly known as Emerald Clinics, operates a network of specialist medical clinics and purpose-built, remote patient monitoring technologies.

The company captures real-world clinical data. This is used to provide consultation letters, containing information on prescription, recommended dosage, and duration of cannabinoid-based medicines.

Emyria share price performance

As noted, the Emyria share price began the month at 11 cents but has surged following positive investor sentiment. The company’s shares hit an all-time high today of 26.5 cents and could go higher based on its market capitalisation.

Emyria’s current value stands at around $57 million according to its current share price. This represents an opportunity for explosive growth should the company continue to impress investors with its progress.

More reading

• Why the Emyria (ASX:EMD) share price is seesawing today

Motley Fool contributor Aaron Teboneras 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 Zip Co Ltd (ASX: Z1P) share price is on fire once again on Tuesday. At one stage the buy now pay later (BNPL) provider’s shares were up 15% to a record high of $14.53.

When the Zip share price hit that level, it stretched its year to date gain to an incredible 160%. Its shares have since pulled back but are still up a decent 6.5% to $13.48.

Why is the Zip share price charging higher?

Given that there have been no broker notes relating to Zip (that I’m aware of) nor any recent announcements, the meteoric rise in the Zip share price over the last couple of weeks has been a big surprise.

In fact, I’m not the only one that has been questioning this incredible rise. This morning Zip was given a speeding ticket by the Australian Stock Exchange.

The operator noted a strong rise in the Zip share price today and a significant increase in the volume of Zip shares traded this week.

In light of this, the ASX asked: “Is Z1P aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?”

Zip’s response

After lunch, Zip responded to the price query request, advising that it is “not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.”

However, the company noted that there has been significant interest in the buy now pay later (BNPL) market generally, which may explain the rise.

In addition, it reminded the stock exchange operator of a couple of announcements in December and January that may have helped drive the Zip share price higher.

“(a) Successful placement in late 2020 and oversubscribed share purchase plan in early 2021 raising approximately $176.7 million in total (before costs) to fund Zip’s US growth, UK expansion, new market investments and growth and to support continued investment in Australia and New Zealand’s product range including scaling of Zip Business;.”

“(b) A trading update for Q2FY21 announced on 21 January 2021, which confirmed extremely strong quarterly trading results year on year, including record results for Zip US (QuadPay).”

The company hasn’t mentioned recent speculation of a secondary listing in the United States. This could mean it doesn’t see the development as material or it isn’t actually something the company is considering.

More reading

• ASX 200 up 0.5%: BHP impresses, NAB rises, Zip rockets
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• The Novatti (ASX:NOV) share price rocketed 38% today
• Why the Sezzle (ASX:SZL) share price is charging 7% higher today
• Zip (ASX:Z1P) share price is soaring 13%, smashing another record high

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. 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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Sims Ltd (ASX: SGM) shares are surging higher today following the company’s release of its half-year results for the 2021 financial year (H1 FY21). At the time of writing, the Sims share price is trading 8.31% higher at $13.81.

Let’s take a look at how the metal and electronics recycler has been performing? 

What’s pushing the Sims share price higher?

The Sims share price is on the rise today after the company reported statutory earnings before income and taxes (EBIT) of $78.5 million. That’s an increase of $173.7 million from H1 FY20 when statutory EBIT came in at a negative $95.2 million.

Underlying EBIT for the half year was $56.4 million, up $79.6 million from the first half of the 2020 financial year.

Sales revenue of $2.45 billion fell by 9.5% from the prior corresponding period. The company had a net cash position of $164.5 million as at 31 December.

Sims will pay an interim dividend of 12.0 cents per share (cps), fully franked. The dividend will be paid on 23 March 2021 with a record date of 8 March. (Meaning investors who want in on the dividend need to own Sims shares by 8 March.)

Commenting on the results, Sim’s CEO Alistair Field said:

We delivered significantly better results in first half FY21 due to improved margins, higher prices and lower operating costs. Pleasingly, the cost reduction program is on track to achieve annualised cost savings in excess of $70 million in FY21 compared to FY19.

Looking at growth potential in the years ahead, Field added:

I’m pleased with the substantial progress made in advancing our growth strategy during first half FY21. This provides a strong foundation to make further headway in FY21 and in future years.

Foolish takeaway

The Sims share price has been heading higher (though not in a straight line, of course) since the late March, coronavirus-induced selloff. Over the past six months, Sims shares have surged more than 65%. That compares to a 13% gain for the S&P/ASX 200 Index (ASX: XJO) over the same period.

Year to date, the Sims share price has gained 1.3%.

More reading

• Why the Sims (ASX:SGM) share price edged higher today
• Leading brokers name 3 ASX shares to sell today
• The latest ASX stocks to be hit by broker downgrades

Motley Fool contributor Bernd Struben 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 SRG Global Ltd (ASX: SRG) share price is on the move in mid-afternoon trade. Its shares reached a 52-week high during the first few minutes of the market open. However, some profit-taking has led its shares to slightly pull back to 49 cents, up 6.5%.

The milestone achievement comes after the company announced a new contract with iron ore powerhouse Fortescue Metals Group Ltd (ASX: FMG).

Let’s take a closer look at the deal.

What did SRG Global announce?

According to its release, SRG Global advised it has been awarded a 5-year term contract to provide multi-disciplinary services to Fortescue.

Under the Master Agreement for Maintenance and Shutdown Services Agreement, SRG Global will service Fortescue’s mine, rail, and port assets throughout Western Australia. This will initially include providing rope access and electrical maintenance requirements across the Pilbara region.

SRG Global noted that the locations include Christmas Creek, Cloudbreak, Firetail, Kings Valley, and Eliwana mine sites. In addition, rail and port infrastructure assets will also be serviced.

The 5-year contract will generate around $150 million in revenue for SRG Global, depending on the number of works completed.

The services agreement is expected to take effect immediately.

Words from the Managing Director

SRG Global Managing Director, David Macgeorge, welcomed the new deal, saying:

We are delighted to be selected as a key partner to FMG and to provide critical maintenance and shutdown services across their Pilbara operations for the next five years. This is another significant step forward in our strategy to build a portfolio of annuity earnings, with quality clients, to deliver long-term sustainable growth.

SRG Global share price performance

Over the last 12 months, the SRG Global share price has gained more than 30% for patient investors.

During the market rout caused by COVID-19, the company’s share fell to an all-time low of 17 cents. However, its share gradually picked up over time to reach a 52-week high of 50.5 cents today.

More reading

• ASX 200 Weekly Wrap: ASX cools on earnings reality check
• Is the Fortescue (ASX:FMG) share price a buy for dividends?
• 5 things to watch on the ASX 200 next week
• 2 ASX dividend shares to boost your income
• 3 reasons why the Rio Tinto (ASX:RIO) share price is up today

Motley Fool contributor Aaron Teboneras 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 Domain Holdings Australia Ltd (ASX: DHG) share price is in the negative territory today, after the company provided the market with its half-year results for FY21.

In response to the numbers, shareholders sold off the property technology and services business as much as 7.4% on open, down to $4.92. The Domain share price has since bounced back to $5.06 at the time of writing.

So, what has shareholders selling on today’s results? Let’s take a look.

Impacted revenues weighing on the Domain share price 

For the first half of FY21, Domain reported revenues of $137 million. This result is down 5.5% from the previous corresponding period on a like-for-like basis. However, Domain managed to reduce expenses year-over-year by 9.9% to $82.5 million – resulting in the company delivering improved earnings before interest, tax, depreciation and amortisation (EBITDA). Consequently, Domain increased net profit by 52.2% to $19.4 million for half.

Shareholders may have been disappointed that Domain has deferred consideration of a dividend until full-year results. The rationale behind this decision is the on-going uncertainty generated by COVID-19.

Interestingly, it appears Domain’s revenue for the half was heavily impacted by the reduction in its print business segment. Print revenue fell 65% to $6.2 million for the half – a result of printing being paused during COVID-19 lockdowns.

Constrained property listings also weighed on the group’s print revenues.

Forward outlook

Management remains optimistic, with several promising indicators of growth for the half-year ahead. As an example, Domain reportedly continues to see atypical seasonal patterns, particularly demonstrated by listing strength in Melbourne.

In the presentation, the company also points out a growing demand/interest in property listings compared to the same time last year.

However, it was noted that total costs are expected to increase for the full year by a mid-to-high single-digit percentage. The second half will bear the brunt of the Jobkeeper scheme ending, which benefitted Domain through the last 2 halves.

At the time of writing, the Domain share price is down 4.25% in today’s trade, but is up 11% year-to-date.

More reading

• Why ARB, Domain, Redbubble, & Treasury Wine shares are sinking today
• This chart shows why the ASX bull market can keep running
• ASX 200 jumps 1.5%, RBA doubles QE, Afterpay soars
• ASX stock of the day: Rent.com.au (ASX:RNT) shares explode 218%
• ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX

Motley Fool contributor Mitchell Lawler 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 Altium Limited (ASX: ALU) share price was out of form on Monday following the release of its half year results.

The electronic design software provider’s shares fell 5% to $29.19 after it posted a 3% decline in revenue to US$89.6 million.

The Altium share price has continued its slide today and is down 0.7% to $28.99 at the time of writing.

Three things you might have missed from Altium’s result

While the headline numbers were there for all to see, there were a few items in its result that might have slipped under investors’ radars.

The first thing you might have missed was the meteoric growth of its Altium 365 platform. It reported over 9,300 active monthly users and 4,400 monthly active accounts. This is up 83% and 69%, respectively, since July.

This cloud-based platform is seen as the future of the company and the changes it has forced have been referred to by management as its Netflix Moment.

Altium’s CEO, Aram Mirkazemi, commented: “Altium 365 is key to our future success through indirect monetization from our CAD software tools and, in time, direct monetization from the broader ecosystem. I am most heartened by the strong adoption of Altium 365 and, with our Netflix organizational changes behind us, I am confident of a much stronger second half.”

The second thing you might have missed

Another thing you may have missed from Altium’s half year result is its growing customer base of high profile companies.

The company counts the likes of Amazon, Apple, Boeing, CSIRO, Disney, Ford, Google, Mercedes-Benz, Microsoft, NASA, ResMed Inc (ASX: RMD), SpaceX, and Tesla as customers.

In respect to the latter, the electric vehicle giant is currently advertising for a printed circuit board layout designer and has a preference for someone with “extensive experience with Altium net classes” and “familiarity with Altium Designer PCB layout tools and schematic capture.”

The fact that one of the world’s most innovative companies uses its software appears to demonstrate just how highly regarded its platform is.

A third thing you might have missed

A third and final thing you might have missed was its enormous total addressable market (TAM).

In FY 2021, the company is expecting to deliver revenue of US$190 million to US$195 million. However, this is nothing compared to its TAM, which has expanded following the release of Altium 365.

At present, the company estimates that the printed circuit board electronic design software market is worth US$1 billion and growing. This gives it a long runway for growth over the next decade.

And with the total global electronic manufacturing and supply chain estimated to be worth over US$2 trillion, there’s also a huge opportunity for its Octopart electronic parts search engine.

Is the Altium share price in the buy zone?

According to a note out of UBS, the Altium share price could be in the buy zone now.

In response to its half year results, its analysts have upgraded its shares to a buy rating with a $34.00 price target.

More reading

• ASX 200 rises, JB Hi-Fi profit soars, Altium drops
• Morgan Stanley: ASX earnings season is topping expectations
• Here’s why the Altium (ASX:ALU) share price is down 4%
• ASX 200 up 0.8%: Nearmap jumps, Bendigo and Adelaide Bank impresses
• Why the Altium (ASX:ALU) share price is inching lower

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Altium. The Motley Fool Australia owns shares of Altium. 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 Codan Limited (ASX: CDA) share price is setting fresh all-time highs today after the company announced a new acquisition.

In morning trade, the communications equipment and metal detector manufacturer’s shares touched record highs, at one point hitting $13.64 a share. At the time of writing, the Codan share price has pulled back slightly to $13.28, up 6.84%.

What has the Codan share price setting new highs?

Codan acquires US-based communications supplier

In an announcement released to the market this morning, Codan has entered into an agreement to acquire US-based Domo Tactical Communications (DTC). DTC provides high bandwidth wireless communications, specialising in MIMO Mesh networks. Through the use of multiple antennas and software, MIMO networks are self-forming and self-healing.

DTC is a long-term and trusted supplier of more than 20 US government agencies and ‘Five Eyes’ intelligence communities. DTC’s products enable wireless transmission of data for its customers, including border control, first responders, broadcasters, military, and special forces.

The acquisition comes with an initial A$114 million price tag. An additional USD$16 million earn-out payment may be made, depending on targets being met in 2021. Codan will fund this acquisition with existing cash reserves, while potentially leveraging its current banking facility. The company’s cash balance as of the end of June 2020 was A$92.83 million.

Expected contribution to the business

Furthermore, Codan outlined its expectations for DTC in its first full year of ownership, stating: “It will be earnings-per-share accretive from day 1.”

The company expects DTC to add $90 million in sales, $14 million in earnings before interest, tax, depreciation and amortisation (EBITDA), and A$9 million in profit before tax.

Codan chief executive Donald McGurk said the acquisition demonstrated Codan’s strategic growth plan for its tactical communications business:

This acquisition fills a technology gap and will be able to leverage Codan’s global distribution channels into the developing world.

More reading

• Why BHP, Codan, Seven West Media, & Zip shares are charging higher

Motley Fool contributor Mitchell Lawler 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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Virtus Health Ltd (ASX: VRT) shares are teetering up and down following the company’s half-year results release this morning. At the market’s open, the Virtus Health share price surged nearly 6% to a new 52-week of $6.52. However, at the time of writing, Virus shares have pulled back to $6.18, up 0.32% for the day so far.

Let’s take a peek and see how Australia’s largest in vitro fertilisation provider performed over the first half of FY21 (1HFY21).

What’s moving the Virtus Health share price?

The Virtus Health share price is all over the show today after the company reported group revenue of $169.6 million for 1HFY21, compared to H1FY20’s $142.1 million in revenue.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was $59 million, beating H1FY20’s EBITDA of $35.5 million.

Virtus declared an interim, fully franked dividend of 12 cents per share for the period.

Group CEO Kate Munnings commented on doing business during the challenging conditions presented by coronavirus. She said:

While we all felt the impact of COVID-19 on our services, our clinics have responded strongly. I am proud of how our team mobilised post the initial COVID-19 global shutdown, and how they have been able to continue to provide our essential services safely during the numerous lockdowns that have been experienced since then. We have experienced record levels of activity since restarting in mid-2020, demonstrating the resilience of assisted reproductive services.

Company outlook

After withstanding the disruptions of COVID-19, Virtus anticipates normalisation of growth rates heading into H2FY2021.

However, Virtus did caution that rising COVID-19 cases in the United Kingdom and Europe have led to stricter restrictions across the UK and Ireland which may continue to impact future business activities.

Commenting on what lies ahead, Munnings added:

We will continue to differentiate our services to drive further improvements in IVF pregnancy rates, via the One Lab approach, which was prototyped and implemented in Victoria, and resulted in IVF pregnancy rates increasing by 15% in the last three years. Melbourne IVF is now the clear leader in IVF pregnancy outcomes in Victoria, as demonstrated in the VARTA 2020 Annual Report published in December 2020. 

We expect to see sporadic disruptions from local and international COVID outbreaks for some time yet but remain optimistic that our clinics will continue to maintain their resilience.

Foolish takeaway

Over the past six months, the Virtus Health share price has soared by more than 90%. This has come after the company’s shares dropped as low as $1.56 in March 2020. Based on the current Virtus share price, the company has a market capitalisation of around $496 million and 79 million shares outstanding.

More reading

• Why the Domain Holdings (ASX:DHG) share price is slipping today
• 3 things you might have missed from the Altium (ASX:ALU) half year result
• Why the Codan (ASX:CDA) share price is smashing all-time highs
• Why the Openpay (ASX:OPY) share price is up 17% and could go higher
• The Renergen (ASX:RLT) share price is surging 13%. Here’s why

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Virtus Health 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 Openpay Group Ltd (ASX: OPY) share price has been a very strong performer on Tuesday.

At one stage today the buy now pay later provider’s shares were up 17% to $3.11.

When the Openpay share price hit that level, it meant it was up 31% since the start of 2021.

Why is the Openpay share price rocketing higher?

Investors have been piling into the buy now pay later (BNPL) industry this year en masse.

This appears to be on the belief that a number of BNPL shares, such as Openpay and Zip Co Ltd (ASX: Z1P), were undervalued in comparison to giants Afterpay Ltd (ASX: APT) and newly Nasdaq-listed Affirm.

Is the Openpay share price undervalued?

Analysts at Shaw and Partners appear to believe the Openpay share price is very cheap at the current level.

The broker currently has a buy rating and $5.00 price target on the company’s shares. This implies potential upside of approximately 60% for Openpay shares over the next 12 months.

Why is it bullish?

There are a number of reasons why Shaw and Partners is bullish on Openpay. The first is the structural tailwinds it is experiencing, which are driving mainstream adoption.

It explained: “We expect structural tailwinds to continue to grow adoption from both merchants and customers, driving well above system growth and taking share from major incumbents, whilst growing the size of the overall pie.”

Another factor is its competitive advantages.

The broker commented: “OPY has a best-in-breed product. OPY has competitive advantages across three key value chains which include: 1) customers; 2) merchants; and 3) funders – a rare position to be in.”

In addition, the broker likes Openpay for its recurring income.

It notes: “Although having relatively short amortisation and book turn metrics compared with a traditional personal finance lender, OPY has a material base of customers, repeat transactions and some duration and repeatability to its book.”

A final factor that makes it positive on Openpay is the optionality around further geographies and products. Particularly following its recent B2B deal with Woolworths Group Ltd (ASX: WOW).

The broker explained: “We see opportunity for further growth with penetration into NZ and the UK and then other geographies such as Europe as well. The recent deals with Pentana (cars) and Woolworths (SaaS) are further evidence – and validation – of OPY’s broad product offering.”

All in all, although the Openpay share price has rallied strongly in 2021, Shaw and Partners appears to believe it can keep on running.

More reading

• Why IOOF, Kogan, Openpay, & Woodside shares are dropping lower
• Why the Openpay (ASX:OPY) share price is crashing 13% lower
• 3 ASX shares that have outperformed over the past year

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO and Woolworths 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 Renergen Limited (ASX: RLT) share price is gaining strongly today, up 13.21% in afternoon trade.

The soaring share price appears to be driven by the helium and natural gas company’s ASX release yesterday, after markets closed, announcing the completion and successful operation of its first Cryo-Vacc prototype.

Why is Renergen’s Cryo-Vacc launch driving ASX investor interest?

The spike in investor interest in the company’s Cryo-Vacc prototype is likely linked to its potential role in delivering COVID-19 vaccines, particularly in developing nations where reliable cold storage facilities are few and far between.

Renergen delivered the prototype to South African-based media in Johannesburg yesterday. The company plans to start production within days.

According to Renergen’s release, Cryo-Vacc enables the “efficient transport and storage of ultracold biologics for periods of up to 25 days or longer in transit”. This is possible even when there is no external power available. The unit can maintain temperatures in the range of anywhere from -150 ºC to 8ºC, enabling it to support the delivery of a suite of vaccines.

Cryo-Vacc units are also able to give accurate temperature readings of the vaccines during transit, along with GPS tracking.

The units use liquid nitrogen to transport by road and helium to transport by air. Helium is far lighter than nitrogen, and Renergen reported that based on current flight safety regulations, Cryo-Vacc with helium can transport up to 12 times more vials per flight “compared to other cryogens”.

In South Africa, Renergen has partnered with local express courier partner, DPD Laser, part of The Laser Group, to distribute vaccines.

Commenting on the rollout of the company’s Cryo-Vacc, Renergen’s CEO Stefano Marani:

Precise temperature control combined with a formidable hold time in transit, makes Cryo-Vacc a compelling asset in the transport of biologics, especially in the developing world. With a useful temperature range of over 150 ºC, Cryo-Vacc is very versatile when compared to even standard refrigeration technology.

Following the presentation to South African media, Marani added (quoted by Reuters), “We’ve already started to take orders for this product. So we’re ready to start going into production in the next few days.”

He added that Renergen has already received numerous queries and order requests from across the globe.

Renergen share price snapshot

With today’s intraday gains taken into account, the Renergen share price is up 45% so far in 2021. That compares to a gain of 3% on the All Ordinaries Index (ASX: XAO).

More reading

• Renergen (ASX:RLT) share price explodes 71% today
• The Renergen (ASX:RLT) share price is soaring 24% higher today. Here’s why

Motley Fool contributor Bernd Struben 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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