Stocks In Momentum- PME, WEB, NEA, SPT

  • Jun 09, 2019 AEST
  • Team Kalkine
Stocks In Momentum- PME, WEB, NEA, SPT

Momentum is considered to be the simplest and the easiest oscillator, which is used to measure the speed of changes in the share price. It could also be said that the momentum is the rate of change in the price movement for a specific asset. Momentum also helps in indicating the stock price strength.

52-week high price: The 52-week high price helps in understanding a major portion of returns from the momentum investing. It the stock price of any company towards 52-week high, helps in improving the forecasting power of returns generated by the stock in past to generate a future return.

52-week low price: The 52-week low price is the lowest price at which the stock has traded during the last one year. It is generally considered as the support level of the stock. The traders use this to take actions on whether to sell or buy any particular stock.

Support is the price level at which the downtrend is expected to pause majorly due to an increase in the demand for the particular share. Thus, it results in the support line. On the other hand, resistance occurs where an uptrend pauses for a temporary period, as a result of increase in supply. The technical analyst uses support as well as resistance for identifying a particular price at which there is a chance which will favour a pause or a trend reversal of the existing price trend.

In this article, we will be discussing about four stocks Pro Medicus Limited, Webjet Limited, Nearmap Ltd and Splitit Payments Ltd.

Out of these four stocks, three stocks were towards 52 weeks high, and one was towards 52 weeks low.

Pro Medicus Limited

Pro Medicus Limited (ASX: PME) is a company operating in the health care sector, developing and providing software and IT solutions to the public as well as private health sectors. The company specializes in enterprise imaging as well as Radiology Information System (RIS) software.

Recently, the company’s subsidiary Visage Imaging, Inc., entered into a seven-year contract with Duke Health, which ranks amongst the top 20 best hospitals in the US. Under the agreement, Visage 7 technology is supposed to be implemented across all of the radiology departments of Duke Health and also integrated to electronic health record (HER) of Duke.

In the Investor Presentation released by the company on 02 May 2019, the company highlighted its products VISAGE RIS and VISAGE 7. VISAGE RIS has a 5-year contract with Primary Healthcare as well as I-MED, which are the two biggest radiology providers in Australia, which generates a combined additional revenue of $4.4 million per annum. VISAGE 7 ranks first in terms of speed, functionality and scalability.

The transaction revenue of VISAGE IMAGING is recurring in nature. It has increased by 31% in 1H FY2019 as compared to the second half of FY2018. The company expects growth to continue in FY2019 and onwards.

In 1H FY2019, the revenue of the company increased by 59.4% to $25.3 million. The company reported a net profit of $9.1 million for the period, which had increased by 184.3% as compared to the previous corresponding period. There was an increase in the EBIT margin to 51.8%. The company remained debt-free during the period. Pro Medicus Limited declared a fully franked interim dividend of 3.5cps.

The shares of PME have generated a decent YTD return of 88.01%. With the market open on 7 June 2019, the price of the stock was A$21.4. It went as high as 21.95. By the end of the trading session on 7 June 2019, the shares of PME closed at A$21.550, up by 0.795% as compared to its previous closing price. Pro Medicus Limited has a market cap of A$2.22 billion and approximately 103.62 million outstanding shares. The stock traded near its 52 weeks high price.

Webjet Limited

Webjet Limited (ASX: WEB) is a company that forms a part of the consumer discretionary sector and provides a full range of online travel booking services for flights, car hire, hotels, cruises as well as tours. The company was founded in 1998 and is the leading online travel agency (OTA) in Australia and New Zealand

Recently, the company in the J.P.Morgan Emerging Companies Melbourne Conference highlighted its B2B Hotels Division. This business division of the company has a balanced Client Portfolio. 30% of the total clients are retail travel agents, 20% are corporate travel agents, 15% are tour operators, 20% are wholesalers, and 15% are OTAs.

In 2013, the company launched WebBeds, which is the world’s 2nd largest as well as fastest growing lodging supplier to the travel industry. This business of WEB provides a user-friendly solution to hotel room supply along with the distribution channel.

For this business, the company believes that it would be able to deliver - 8% revenue/TTV and 4% costs/TTV to drive 4% EBITDA/TTV by FY2022.

Following are Webjet Limited’s Key Financial Highlights for 1H FY2019.

  • 29 percent rise in total transaction value (TTV) to $1.9bn.
  • 33 percent rise in revenue to $175.3mn.
  • 42 percent increase in EBITDA to $58mn
  • 59 percent increase in NPAT to $31.8mn.

The shares of WEB have generated a decent YTD return of 38.53%. With the market open on 7 June 2019, the price of the shares of WEB was A$14.7. It went as high as A$14.74. WEB shares closed at A$14.390 on 7th June 2019, down by 1.909% as compared to its previous closing price. Webjet Limited has a market cap of A$1.99 billion and approximately 135.6 million outstanding shares. The stock traded towards its 52 weeks high price.

Nearmap Ltd

Nearmap Ltd (ASX: NEA) belongs to the industrial sector, and it helps businesses as well as government agencies to gain deep location-based understandings with first-class geospatial content as a service. This enables them to take informed decisions, streamline operations followed by strong cost savings.

On 6 June 2019, the company announced the launch of its latest product, Nearmap 3D, through which the customers would be able to stream and export 3D imagery on-demand at a huge scale via MapBrowser web application.

Other than this, the company has also launched the beta version of its Artificial Intelligence (AI) product. The AI technology of the company helps in the identification of ground features as well as detection of change overtime.

The company in the presentation released on 1 May 2019, highlighted the 1H FY2019 results where the annualized contract value was up by 44% to $78.3 million on pcp. There was a rise in the revenue of the company by 45% to $35.5 million.

The shares of NEA have generated an outstanding YTD return of 109.80%. With the market open on 7 June 2019, the share price of NEA was A$3.25. It went as high as A$3.29. By the end of the trading session on 7 June 2019, the shares of NEA closed at A$3.200, down by 0.312% as compared to its previous closing price. Nearmap Ltd has a market cap of A$1.44 billion and approximately 447.86 million outstanding shares. The stock traded towards its 52 weeks high price.

Splitit Payments Ltd

Splitit Payments Ltd (ASX: SPT) is a financial technology company that provides credit card based instalment solutions to businesses as well as merchants.

Splitit is a payment method solution that allows the customers to make payment through the existing credit and debit card by dividing the cost into interest-free and fee-free monthly payments and also there is no requirement for additional registration or applications.

On 5 June 2019, the company entered into a partnership with EFTPay.

In the Q3 FY2019, there was an increase in the active Merchants by 103% year-on-year to 437 active merchants. The company has more than 500 merchants that are engaged in various phases of the sales cycle, which includes large global enterprise merchants.

The company has been working hard to confirm continued product advancement as well as innovation.

During the Q3 FY2019, the net cash outflow from the operating activities of the company was $3.58 million. The company received $454,000 from the customers, which comprises fee and net repayment of the upfronted purchase amount. The other reason for cash outflow was due to the payment made for advertising and marketing worth $792,000, staff cost worth $976,000, $696,000 through corporate and administration costs. By the end of Q3 FY2019 on 31 March 2019, SPT had net available cash and cash equivalent worth $12.39 million.

The shares of SPT since its inception has generated a return of 96.05%. With the market open on 7 June 2019, the price of the shares of SPT was A$0.760. It went as high as 0.785. By the end of the trading session on 7 June 2019, the shares of SPT closed at A$0.755, up by 1.342% as compared to its previous closing price. Splitit Payments Ltd has a market cap of A$228.83 million and approximately 307.16 million outstanding shares. The stock traded towards its 52 weeks low price.


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