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Why these 3 shares are taking off

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.

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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.

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