Finder makes money from featured partners, but editorial opinions are our own.

What are the best ASX growth stocks to watch in 2022?


Our proprietary algorithm combines a range of factors to determine which ASX stocks could be on a promising trajectory.

Sponsored by IG Australia Pty Ltd (AFSL 515106). Trade CFDs 24 hours a day to take advantage of both rising and falling prices. Or open a share trading account to trade $0 international commission shares. Other fees and charges apply.

The US typically gets the most attention when it comes to choosing high-growth stocks. And it's no surprise. At the time of writing, the S&P 500 has climbed 26.95% YTD.

Closer to home, growth is still strong but certainly more modest. YTD, the ASX 200 has risen by 10.25%. Of course, there are always outliers in any field. But how do you find them?

Using our proprietary algorithm that considers specific growth factors, including performance over 5 years, performance over 1 year, percentage of growth weeks, percentage of growth days and 1-year revenue growth, we've come up with our top ASX growth stocks to watch in 2022.

For a stock to be included in the list, it must have a market cap of at least $100 million and have been listed on the ASX for at least 5 years.

Of course, while our algorithm's picks are informed by data, that doesn't mean it's a fail-safe solution to choosing stocks. Markets change, pandemics happen and past performance isn't indicative of future results.

But, if you're looking for a local investment which has the potential to outperform, this could be a good place to start your own research.

Novonix Limited | ASX:NVX

Brisbane-based Novonix develops and supplies battery materials, equipment and services to the lithium-ion battery market, primarily in North America. More simply, it's a powerhouse in the rapidly growing electric vehicle battery industry.

As of 23 November, Novonix had a market cap of $4.82 billion and its share price had climbed 671.77% since the start of the year, with a 52-week high of $10.24 against a 52-week low of $1.

IGO Limited | ASX: IGO

IGO is a mining operator which focuses on metals that are required to produce and enable clean energy across Australia.

As well as locations in Western Australia, Victoria and the Northern Territory, it also has an 80% stake in the Greenland-based Frontier project.

With a YTD growth of 54.02% and a market cap of $7.83 billion, IGO saw a 52-week low of $4.53 against a 52-week high of $10.45.

Lovisa Holdings Limited | ASX: LOV

Retail group Lovisa has seen a YTD growth of 85.28% with prices rising from less than $12 per share to more than $21.50.

However, a dip did occur after the company announced a trading update to the market on 22 November, ahead of its annual general meeting (AGM).

Lynas Rare Earths Limited | ASX: LYC

Another mining organisation to make our top 5, Lynas engages in the exploration, development, mining, extraction and processing of rare earth minerals primarily in Australia and Malaysia.

YTD, Lynas has seen growth of 107.89%. It has also seen a 52-week high of $8.71 against a 52-week low of $3.36. Its current market cap is $7.79 billion.

Allegiance Coal Limited | ASX: AHQ

With the smallest market cap among our top picks ($211.4 million) Allegiance Coal has a lower valuation compared to other options identified by our algorithm.

The company, which focuses on seaborne met coal mine development and operations, has seen stocks climb 57.98% YTD.

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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

Invest in growth stocks with IG

Name Product Minimum Opening Deposit Minimum Opening Deposit Commission - ASX 200 Shares Available CFD markets Platforms
IG CFD broker
0.08% with $7 minimum
Bonds, Commodities, Cryptocurrencies, ETFs, Forex, Global Stocks, Indices, Options (CFDs only)
MetaTrader 4
ProReal Time
IG Trading Platform and Apps
Disclaimer: CFD Service. Your capital is at risk.
Trade from over 15,000 markets with Australia's leading service for CFD trading and forex.

Compare other CFD trading platforms here

IG Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This information is general and does not have regard to the specific investment objectives, financial situation and needs of any specific person. CFDs do not give you any interest in the underlying asset. Please consider the PDS and Target Market Determination available from before entering into any CFD transaction with us. Promoted by IG Australia Pty Ltd (ABN 93 096 585 410, AFSL 515106).
Go to site