5 ASX-listed stocks that are on a rebound post slump

Highlights

  • Lockdowns imposed as a result of the COVID-19 pandemic hit hard almost all sectors of the Australian economy.
  • However, with the vaccination rate picking up and pandemic-induced restrictions being lifted, some sectors have started to rebound.
  • Positive cues from global markets, especially Wall Street, have also helped the cause. 

Lockdowns imposed as a result of the COVID-19 pandemic hit hard almost all sectors of the Australian economy.  However, with the vaccination rate picking up and pandemic-induced restrictions being lifted, some sectors have started to rebound.

It has resulted in stocks jumping back to the green territory after struggling for most part of the current year. Despite inflation concerns owing to rising crude oil prices and bond yields remaining volatile, some stocks have gained on account of robust earnings. Positive cues from global markets, especially Wall Street, have also helped the cause.

Here are five ASX-listed stocks that have rebounded in the past one month after witnessing a steep fall in the last six months.

Appen Ltd (ASX:APX)

Shares of Appen Ltd, an information technology company in linguistics services, rose over 14% in the past month, after falling more than 30% in the last six months.

In its FY21 financial results, Appen reported a 2% revenue fall. Earnings before interest, tax, depreciation and ammortisation (EBITDA) fell 14.3% in the previous year. The net profit after tax (NPAT) slipped over 55% to US$6.7 million.

Volpara Health Technologies Ltd (ASX:VHT)

Shares of Volpara Health Technologies, a breast screening software provider, rose over 11% in the past month, after falling nearly 6% in the last six months. The company reported a strong first quarter of financial year 2022.

In the given period, the company’s breast screening business, which is the major driver of its business, widened its coverage of US women being screened to 33%. The average revenue per user (ARPU) was US$1.42.

Positive cues from global markets, especially Wall Street, have also boosted the sentiment of Australian investors.

Source: © Wutzkoh | Megapixl.com

Airtasker Ltd (ASX:ART)

Airtasker offers an online and mobile marketplace, which allows users to contract out or outsource routine tasks. Shares of the company rose over 14% in the past month, after falling nearly 4% in the last six months.

The company’s fast revenue growth is supported by its high profit margin of over 90%. Airtasker’s revenue in FY21 rose 38% in FY21. It reported an operating cash flow of AU$5.5 million in the given period.

Kogan.com Ltd (ASX:KGN)

Kogan.com operates in the consumer discretionary segment and is an online retail company. Shares of the company rose 21% in the past month, after falling nearly 11% in the last six months.

Kogan’s gross sales grew 21.1% Y-O-Y and 23.2% Q-O-Q to AU$330.5 million in the first quarter of FY21. The gross profit fell 1.7% Y-O-Y but grew 31.6% Q-O-Q to AU$52.5 million. Active customers grew 30.7% Y-O-Y and 4.5% Q-O-Q to 3,351,000.

Northern Star Resources Ltd (ASX:NST)

Northern Star Resources is an Australian gold producer with projects that are based on low-cost, high-grade underground gold mines. Shares of the company rose nearly 4% in the past month, after falling over 12% in the last six months.

The company sold 386,160 ounces of gold in the September quarter of FY2022 at an all-in sustaining cost (AISC) of AU$1594 per ounce. The company ended the quarter with a cash and bullion of more than AU$750 million.

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