Today’s ASX top stocks: Cogstate (CGS ↑9.6%), Life360 (360 ↑5.4%)

Posted: 27 October 2021 12:26 pm
News
Businessman Pointing At Graph On Laptop Screen In Office

The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were Cogstate (CGS, up 9.6%) and Life360 (360, up 5.4%).

Top movers on the ASX Wednesday 27 October 2021

Cogstate (CGS) was the biggest mover on the ASX today.

Shares in the company rose 9.6% to $2.40.

This was off the back of strong earnings reported during its market update.

In US dollar terms, Cogstate all but doubled its quarterly review.

Revenue grew to $12.3 million in Q1 2022, up 99% on Q1 2021 last year and 23% higher than the prior quarter.

Clinical trial revenue in Q1 2022 was $11.1 million, up 93% and 26% higher than Q4 2021 as the company benefits from strong growth in new clinical trial sales contracts executed in recent periods.

In health care the company saw a 255% growth when compared to this time last year.

Cogstate is part of the health care equipment and services sector.

Learn more about investing in Cogstate in Finder's full guide.

Similarly, Life360 saw strong growth in the final quarter.

It rose 5.4% to reach $10.45.

According to its market release, underlying revenue grew by 45% year-on-year to US$29.3 million.

A key driver of its growth was another solid increase in its global monthly active user, which reached 33.1 million at the end of September.

The company notes this is a 31% increase year on year.

The growth was also in the last quarter, with the company adding 1.5 million members since the end of June.

Find out more about investing in Life360 in Finder's full guide.

Switch online brokers and save

Did you know you can save $1,046 in brokerage fees every year on average by switching to a cheaper share trading platform? Check out fees and features in our comparison table to find a better deal today.

Here is today's list of the 10 biggest ASX movers so far:

StockPrice% change
Cogstate (CGS)$2.409.6%
Life360 (360)$10.455.4%
Reliance Worldwide Corporation (RWC)$5.475.2%
Carbon Revolution (CBR)$1.084.9%
Plenti Group (PLT)$1.413.7%
Core Lithium (CXO)$0.593.5%
Sonic Healthcare (SHL)$40.583.4%
Next Science (NXS)$1.283.2%
Eclipx Group (ECX)$2.462.9%
Elmo Software (ELO)$5.402.9%

Serious about investing? Here's your new unfair advantage

Ticker Nerd uses advanced software to track hundreds of signals and data points to find stocks before they blow up. Don't miss out!
Get started for free

Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to 11am. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated by 11am on the trading day, but these prices may be subject to minor variation depending on data availability.

Need a better share trading platform? Check out Finder's full review of the best online brokers in Australia right now.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site