Why these 3 shares are taking off

These three shares posted solid gains on Monday. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shareholders of these companies enjoyed a positive start to the week.

Kogan.com Ltd (ASX: KGN)

The Kogan.com Ltd share price was up by 6.81% on Monday as the e-commerce company's stock continues to recover.

The Kogan share price slumped from the $9.80 it was trading at in early June to a dismal $4.70 at the end of July.

But the Kogan share price has since edged back to $5.96.   

Under the constant threat of the Amazon effect lingering in investors' minds, Kogan may not be the ASX's most stable company.

However, with Kogan expected to release its half-year results on Friday, shareholders could soon be presented with a clearer picture concerning Amazon's impact on Kogan.

 Navigator Global Investments Ltd (ASX: NGI)

The Navigator share price lost more than 5% when the company released its FY18 results presentation last week.

But it seems the Navigator share price has defied the results jitters and bounced back, gaining 4.5% on Monday.

With Navigator's market value fast approaching $1 billion, shareholders have enjoyed returns exceeding 120% over the past year.

Eclipx Group Ltd (ASX: ECX)

The Eclipx Group Ltd share price took a battering earlier this month when the fleet management company slashed its profit expectations.

Eclipx shares sunk by about 40% after the company stated that it expected its FY2018 NPATA to come in at around $77 million. That would represent an increase of about 15% on the prior corresponding period's results rather than an increase of up to 30% as the company had previously indicated.

The Eclipx share price has since recovered after dropping to $1.80 last week and is now up to $2.10, having gained more than 10% on Monday.

Despite the recent gains, the Eclipx share price is still far below the $3.64 it was going for this time last year, representing a decline of more than 40% over the past 12 months.

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Technology Shares

What's the latest update on takeover target RPM Global?

An extraordinary 99.88% of votes cast were in favour of the takeover.

Read more »

A woman jumps for joy with a rocket drawn on the wall behind her.
Technology Shares

Why is this ASX tech stock jumping 14% on Friday?

This tech stock is ending the week in style.

Read more »

Man ponders a receipt as he looks at his laptop.
Technology Shares

Why experts think the Xero share price could rise 70% in 2026!

This business is one of the most impressive businesses on the ASX.

Read more »

A male ASX investor sits cross-legged with a laptop computer in his lap with a slightly crazed, happy, excited look on his face while next to him a graphic of a rocket shoots upwards with graphics of stars scattered around it
Technology Shares

Rocketboots rockets 80% on blockbuster global deal. Is this ASX small cap just getting started?

Rocketboots shares have jumped 80% after landing a major global contract that could transform its growth outlook.

Read more »

Military engineer works on drone
Technology Shares

2026 will be the 'Year of the Drone': Buy DroneShield shares

Bell Potter believes that this growing company could have a very big year.

Read more »

A woman in a red dress holding up a red graph.
Technology Shares

Shares in this small-cap education company have hit a fresh 12-month high on a lucrative contract win

A lucrative contract with the New Zealand Government has sent this company's shares sharply higher.

Read more »

Two IT professionals walk along a wall of mainframes in a data centre discussing various things
Technology Shares

This ASX 200 share is being labelled one of the market's most undervalued by brokers

NextDC shares have pulled back sharply, but brokers believe the long-term growth story remains firmly on track.

Read more »

A silhouette of a soldier flying a drone at sunset.
Technology Shares

This 10-bagger drone technology company has just won a lucrative new defence contract

This drone technology company's shares are up more than 10x for the year and are trading higher on a new…

Read more »