Kogan.com And 2 ASX Penny Stocks To Keep An Eye On

In This Article:

As the Australian market braces for key inflation data from the ABS, with the ASX 200 futures slightly down, investors are keenly observing economic indicators and company performances. In such a climate, understanding what makes a stock appealing is crucial—particularly when it comes to penny stocks. Despite their old-fashioned moniker, these smaller or newer companies can offer significant value when they possess strong financials and growth potential.

Top 10 Penny Stocks In Australia

Name

Share Price

Market Cap

Financial Health Rating

LaserBond (ASX:LBL)

A$0.62

A$72.68M

★★★★★★

Embark Early Education (ASX:EVO)

A$0.795

A$145.87M

★★★★☆☆

MaxiPARTS (ASX:MXI)

A$1.85

A$102.34M

★★★★★★

Helloworld Travel (ASX:HLO)

A$1.77

A$285.11M

★★★★★★

Austin Engineering (ASX:ANG)

A$0.535

A$331.78M

★★★★★☆

Navigator Global Investments (ASX:NGI)

A$1.73

A$847.84M

★★★★★☆

Perenti (ASX:PRN)

A$1.17

A$1.08B

★★★★★★

Atlas Pearls (ASX:ATP)

A$0.14

A$61M

★★★★★★

EZZ Life Science Holdings (ASX:EZZ)

A$3.40

A$151.04M

★★★★★★

Joyce (ASX:JYC)

A$4.21

A$124.18M

★★★★★★

Click here to see the full list of 1,034 stocks from our ASX Penny Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Kogan.com

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Kogan.com Ltd is an online retailer operating in Australia with a market cap of A$481.32 million.

Operations: The company's revenue is derived from its Australian operations, with A$277.82 million from Kogan Parent and A$11.20 million from Mighty Ape, as well as its New Zealand operations, contributing A$35.35 million from Kogan Parent and A$135.34 million from Mighty Ape.

Market Cap: A$481.32M

Kogan.com Ltd has recently turned profitable, reporting a net income of A$0.083 million for the year ending June 30, 2024, compared to a loss the previous year. Despite declining sales from A$489.49 million to A$459.7 million, the company remains debt-free with strong short-term asset coverage over liabilities and stable weekly volatility at 6%. The board and management are experienced with average tenures of 8.4 and 13.9 years respectively. Kogan.com completed a significant share buyback program in August, enhancing shareholder value by repurchasing nearly 10% of its shares since April 2023 for A$51.8 million.

ASX:KGN Financial Position Analysis as at Oct 2024
ASX:KGN Financial Position Analysis as at Oct 2024

OFX Group

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: OFX Group Limited offers international payments and foreign exchange services across the Asia Pacific, North America, Europe, the Middle East, and Africa with a market cap of A$353.94 million.