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

Posted: 27 October 2021 12:26 pm
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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.

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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%

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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.

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