3 ASX Growth Stocks Insiders Are Betting On
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The Australian market has recently faced challenges, with the ASX200 down 0.9% as commodity stocks weigh heavily and investors anticipate key economic data from China. Amidst this backdrop, almost all sectors are seeing declines, highlighting the importance of identifying growth companies with strong insider ownership as a potential indicator of confidence in their long-term prospects.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Catalyst Metals (ASX:CYL) | 14.8% | 45.4% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Liontown Resources (ASX:LTR) | 14.7% | 59.8% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 70.2% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Pointerra (ASX:3DP) | 20.1% | 126.4% |
| Adveritas (ASX:AV1) | 21.2% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Let's review some notable picks from our screened stocks.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★★☆
Overview: Capricorn Metals Ltd is an Australian company focused on the evaluation, exploration, development, and production of gold properties with a market capitalization of A$2.43 billion.
Operations: The company's revenue is primarily generated from its Karlawinda gold project, amounting to A$359.73 million.
Insider Ownership: 11.9%
Revenue Growth Forecast: 19.7% p.a.
Capricorn Metals demonstrates strong growth potential with earnings expected to grow significantly, surpassing the Australian market's average. The company reported a substantial increase in net income to A$87.14 million for the year ending June 2024, driven by expanded mineral reserves at its Karlawinda Gold Project. Trading below its estimated fair value, Capricorn's ongoing expansion study aims to boost production capacity by up to 55%, enhancing its long-term growth prospects despite slower revenue growth forecasts.
Cettire
Simply Wall St Growth Rating: ★★★★★☆
Overview: Cettire Limited operates as an online luxury goods retailer in Australia, the United States, and internationally, with a market cap of A$850.16 million.
Operations: The company's revenue is primarily generated from online retail sales, amounting to A$742.26 million.
Insider Ownership: 33.5%
Revenue Growth Forecast: 16.1% p.a.
Cettire shows promising growth with earnings projected to rise significantly, outpacing the Australian market. Despite a lower profit margin this year, revenue grew to A$742.26 million from A$416.23 million previously. Insider confidence is reflected in substantial share purchases recently, while no major sales occurred. The appointment of Caroline Elliott as an Independent Non-Executive Director adds strategic depth to the board amid expectations of continued healthy revenue growth into fiscal 2025's first quarter.