The Motley Fool

Why the Catapult share price just hit a 52-week high

Catapult International Group Ltd (ASX: CAT) shares hit a 52-week high of $1.57 today, but remain well short of highs above $4 printed in 2016. 

The wild share price ride of the sports analytics and software-as-a-service (SaaS) group reflects how it has divided bulls and bears in the investment community.

On the one hand its low price-to-sales ratio looks a screaming bargain compared to SaaS peers such as Pro Medicus Limited (ASX: PME) or WiseTech Global Ltd (ASX: WTC), but on the other hand it has a disappointing track record of raising capital at ever lower share prices. 

According to its latest Appendix 3B regulatory filing it has 190.9 million shares on issue to give it a market value of $287 million on just 3x 2019’s sales of $95.4 million.

The latest full year loss narrowed to $12.58 million and investors are probably bidding the stock up after it named ex-Amazon executive Will Lopes as its new CEO. A permanent CEO provides more certainty for the business and is likely to encourage the bargain hunters. 

Catapult is targeting positive free cash flow by fiscal 2021. If it achieves this goal today’s investors could be well in the black.

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Tom Richardson owns shares of Amazon, Pro Medicus Ltd., and WiseTech Global.

You can find Tom on Twitter @tommyr345

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon and Pro Medicus Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Catapult Group International Ltd. The Motley Fool Australia owns shares of WiseTech Global. The Motley Fool Australia has recommended Amazon, Catapult Group International Ltd, and Pro Medicus 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.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!