It is no secret that ASX shares have performed remarkably well in the past year. The S&P/ASX 200 Index (ASX: XJO) has surged 26% as companies bounced back from economic disruptions.
Although, there are ASX shares that have performed well above the Aussie benchmark index. The five ASX stocks we will be looking at today all trade for less than $10 per share and have more than doubled in value over the course of the last 12 months – let’s take a look!
5 ASX shares that have hit a homerun
Pilbara Minerals Ltd (ASX: PLS)
Emerging lithium producer Pilbara Minerals has experienced a meteoric surge in its share price over the past year. The widespread exuberance towards the lithium sector pushed this ASX share 562% higher during the period, now residing at $2.14 per share.
The $6.3 billion mining company has taken full advantage of a rocketing lithium price. In its full-year results for FY2021, Pilbara Minerals notched up a 142% increase in shipments to 281,440 dry metric tonnes. In conjunction with the higher commodity price, this lifted the company’s revenue by 109% to $175.8 million for the financial year.
Calix Ltd (ASX: CXL)
The next ASX share making the cut is highly topical given the ongoing concerns around climate change. In short, Calix focuses on developing technologies to “repair, preserve, and prevent future harm to [the planet]”. During the past year, the Calix share price has delivered a remarkable 315%. Today, the company’s shares command a $4.20 price tag.
It has been a stellar 12-month period for the company, receiving grants, entering multiple memorandums of understanding (MOU), and delivering revenue growth in FY21. Due to its ESG theme, Calix has caught the eye of Shaw and Partners advisor Adam Dawes. In speaking with The Motley Fool earlier in the month, Dawes shared the broker’s positive sentiment towards the company.
Dubber Corp Ltd (ASX: DUB)
Cloud-based call recording software company Dubber and its shareholders have enjoyed a plentiful period over the past year. As working from home continues to be popular, demand for call recording software jumped. In terms of revenue, Dubber achieved $23.3 million in FY21, an increase of 97% year on year. Likewise, the company’s share price has rocketed 244% over the past year.
This ASX share has been quick to capitalise on its success. In July, Dubber completed a $110 million capital raise to accelerate its growth objectives. One of these ambitious objectives includes increasing annual recurring revenue from $39 million to $100 million in the medium term.
Uniti Group Ltd (ASX: UWL)
Despite playing in a sector filled with giants, Uniti Group hasn’t shown any fear for going toe-to-toe. The provider of internet and telecommunication products and services delivered immense value for shareholders over the past year. For starters, the share price is up 188% — putting a smile on the faces of Uniti investors.
The rapidly growing ASX share is a product of execution on a bold acquisition strategy. In FY21 alone, Uniti completed the acquisitions of HabourISP, OptiComm, and Velocity. As a result, the company’s revenue exploded 175% to $159.9 million during the financial year. At the end of the period, Uniti’s contracted order book had grown to 250,460 construction premises.
Life360 Inc (ASX: 360)
Last but not least, Life360 has been helping families and investors have a more enjoyable time this past year. The family safety app maker eclipsed 32.2 million global monthly active users in FY21, an increase of 28% year on year. At the same time, this ASX share has surged by 134% in value over the past 12-months.
Investors drove the company’s share price higher as its ‘Paying Circles’ members continued to increase throughout the financial year. By the end of FY21, Life360 toted 1 million paying memberships, representing a 19% increase compared to the prior year.