I’m a fan of small cap stocks, so I’m very lucky to have a lot of stocks to choose from in the Australian stock market.
Here are three small-cap ASX stocks that stand out from the rest and have the potential to have a bright future. Here’s what you need to know about them:
Bigtincan is a sales support automation platform provider that utilizes artificial intelligence. Strong demand for platforms from some of the world’s largest companies has supported strong growth in recent years. This continues in 2021 and Bigtincan has recently made a very strong release. Half year result.. The company reported annual recurring revenue (ARR) of $ 48.4 million at the end of the first half. This was a 50% increase over the previous corresponding period.
Ord Minnett currently has a purchase rating and a $ 1.08 price target for its shares.
Booktopia is a fast-growing online book retailer. Last month, we announced our six-month results, revealing that revenue increased 51.1% to $ 112.6 million and the underlying EBITDA increased 502.3% to $ 8 million. This was driven by online shopping and the transition to its new distribution center. The latter helped the company ship more units than ever in half.
Morgans is a fan and has set an additional valuation and a $ 3.53 price target on Booktopia’s stock.
The last small cap to note is Doctor Care Anywhere. A UK-based telemedicine company that aims to provide patients with high quality, effective and efficient care. Doctor Care Anywhere is another fast-growing company, as pandemics are accelerating the adoption of telemedicine services. In January the company Fourth quarter update Revenues are reported to have increased 151% to £ 3.8m.
Bellpotter is positive about that outlook. The broker has a purchase rating for the company’s stock and a price target of $ 1.95.
Where to invest $ 1,000 now
When investment expert Scott Phillips has a stock tip, it can pay to hear. After all, his flagship Motley Fool Share Advisor newsletter, which he has been running for over eight years, has offered thousands of paying members double, triple, or more stock prices. *
Scott reveals what he believes 5 Best ASX Stocks For investors to buy now. These stocks are trading at very low prices and Scott considers them a great buy so far.
* Returns as of February 15, 2021
James Mikulbolo There are no positions in any of the listed stocks. Motley Fool Holdings Inc., the parent company of Motley Fool Australia, owns and recommends shares in BIG TINCAN FPO. Motley Fool Holdings Inc., the parent company of Motley Fool Australia, recommends Booktopia Group Limited and Doctor Care Anywhere Group PLC. Motley Fool Australia recommends BIG TINCAN FPO and Doctor Care Anywhere Group PLC. The Motley Fool Disclosure policy.. This article contains only general investment advice (based on AFSL 400691). Approved by Bruce Jackson.
Three exciting small cap ASX stocks to watch
Source link Three exciting small cap ASX stocks to watch