Stocks With Upward Momentum - KGN, APT, MP1, Z1P

  • May 02, 2019 AEST
  • Team Kalkine
Stocks With Upward Momentum - KGN, APT, MP1, Z1P

The below mentioned stocks have experienced significant improvement in their share price in the recent past, creating an upward momentum. Lets take a look at recent updates by these stocks-

Kogan.Com Ltd (ASX: KGN)

Owner of retail and services businesses, Kogan.Com Ltd (ASX: KGN) recently amended its multi-option facility agreement with Westpac Banking Corporation (Debt Facility) to increase its facility from A$20.0 Mn to A$30.0 Mn which will provide increased flexibility and opportunity for continued growth. The company had reported strong earnings growth in the March quarter with 23.4 percent year-on-year Active Customer growth.

In the past six months, the share price of the company increased by 111.07 percent as on 1 May 2019. KGN’s shares last traded at $5.930 (+ 0.338% intraday) with a market capitalisation of ~$553.94 million as on 2nd May 2019. The stock traded at a PE ratio of 41.910x.

Afterpay Touch Group (ASX: APT)

Technology driven payments company, Afterpay Touch Group (ASX: APT) has witnessed an increase of 360.37% in its share price over the course of the last one year.

For the half year ended 31 December 2019, the company reported a substantial growth of 85% in its total income which was driven by the strong growth in Afterpay underlying sales and stable pricing.

At the 2018 Annual General Meeting, the company’s shareholders approved the Equity Incentive Plan under which the Company’s US subsidiary will offer options which will give eligible participants a right to acquire common stock in Afterpay US Inc.

APT’s shares traded at $26.860 with a market capitalisation of circa $6.52 billion as on 2nd May 2019.

Megaport Limited (ASX: MP1)

Leading provider of Elastic Interconnection services, Megaport Limited (ASX: MP1) had received applications in excess of $47.6 million for its share purchase plan (SPP), which closed on 26 April, 2019. The company will use the funds to accelerate expansion to new locations and new markets, undertake capacity upgrades, fund innovation and development of new technology and fund staffing, marketing and operating costs and general working capital requirements. In 3Q FY19, the company reported revenue of $8.96 million, up 8% on the last quarter.

In the past six months, the share price of the company increased by 64.81% as on 1 May 2019. MP1’s shares last traded at $5.580 (- 0.712% intraday) with a market capitalisation of circa $740.99 million as on 2nd May 2019.

Zip Co Limited (ASX: Z1P)

Leading player in the digital retail finance and payments industry, Zip Co Limited (ASX: Z1P) reported a revenue growth of 20% in 2019 March quarter as compared to 2018 December quarter. The company’s total receivables increased to $565.3 million in March quarter, up 16% on 2018 December quarter. Although transaction volume fell by 8% in the March quarter, the customer numbers increased to 1.2 million, up 143k in the quarter, an increase of 14% on 2018 December quarter.

In the past 6 months, the share price of the company increased by 254.40 percent as on 1 May 2019. Z1P’s shares last traded at $3.440 (+ 0.585% intraday) with a market capitalisation of ~$1.2 Billion as on 2 May 2019.


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