ASX Penny Stocks To Monitor In October 2024

Simply Wall St.10-25

In the last week, the Australian market has been flat, although it has seen a 20% rise over the past year with earnings forecasted to grow by 12% annually. Investing in penny stocks—once a buzzword ...

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Investing in penny stocks—once a buzzword ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asx-penny-stocks-monitor-october-230649951.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_au","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Penny Stocks To Monitor In October 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Penny Stocks To Monitor In October 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asx-penny-stocks-monitor-october-230649951.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the last week, the Australian market has been flat, although it has seen a 20% rise over the past year with earnings forecasted to grow by 12% annually. Investing in penny stocks—once a buzzword ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asx-penny-stocks-monitor-october-230649951.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVO.AU","symbol_name":"EMBARK EARLY EDUCATION LTD","start_time":0,"source_url":"https://finance.yahoo.com/news/asx-penny-stocks-monitor-october-230649951.html","article_id":"2478136656","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kpZnHWmVXh9fa.5MJ5otJg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/e18325c660d04f2fe88569956b7babe1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478136656","pubTimestamp":1729811209,"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"In the last week, the Australian market has been flat, although it has seen a 20% rise over the past year with earnings forecasted to grow by 12% annually. Investing in penny stocks—once a buzzword but now more of a niche—can still open doors to growth opportunities, typically in smaller or newer companies. We'll spotlight several penny stocks that stand out for their financial strength, making them promising candidates for investors seeking under-the-radar companies poised for long-term success.Click here to see the full list of 1,031 stocks from our ASX Penny Stocks screener.ASX:CVL Financial Position Analysis as at Oct 2024. Operations: The company's revenue segments include Energy , Defence , Buildings & Facades (A$111.33 mi","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVO.AU":"EMBARK EARLY EDUCATION LTD","BK7502":"大麻概念","ATP.AU":"ATLAS PEARLS LTD","NGI.AU":"NAVIGATOR GLOBAL INVESTMENTS","RDY.AU":"READYTECH HOLDINGS LTD","BK7132":"教育服务","DUR.AU":"DURATEC LTD","BK7045":"广告","PRN.AU":"PERENTI LTD","P9D.SI":"CIVMEC公司","BK7070":"酒店、度假村与豪华游轮","CVL.AU":"CIVMEC LTD/CDI","XAO.AU":"标普/澳交所 普通股指数","BK7077":"建筑机械与重型卡车","XJO.AU":"标普/澳交所 200指数","GTN.AU":"GTN LTD","XKO.AU":"标普/澳交所 300指数","ANG.AU":"AUSTIN ENGINEERING LTD","BK7131":"服装、服饰与奢侈品","BK7062":"资产管理与托管银行","BK7088":"工业机械","BK7107":"家庭装饰零售","JYC.AU":"JOYCE CORPORATION LIMITED","BK7016":"应用软件","LBL.AU":"LASERBOND LTD","HLO.AU":"Helloworld Travel Ltd","BK7055":"建筑与工程","MXI.AU":"MaxiParts Limited","BK7095":"多种金属与采矿"},"translate_title":"2024年10月将监测澳大利亚证券交易所细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ATP.AU":1,"ANG.AU":1,"RDY.AU":1,"PRN.AU":1,"NGI.AU":1,"MXI.AU":1,"LBL.AU":1,"JYC.AU":1,"HLO.AU":1,"GTN.AU":1,"EVO.AU":1,"DUR.AU":1,"XKO.AU":0.9,"XJO.AU":0.9,"XAO.AU":0.9,"P9D.SI":0.9,"CVL.AU":0.9},"content_text":"In the last week, the Australian market has been flat, although it has seen a 20% rise over the past year with earnings forecasted to grow by 12% annually. Investing in penny stocks—once a buzzword but now more of a niche—can still open doors to growth opportunities, typically in smaller or newer companies. We'll spotlight several penny stocks that stand out for their financial strength, making them promising candidates for investors seeking under-the-radar companies poised for long-term success.\nTop 10 Penny Stocks In Australia\n\n\n\nName\nShare Price\nMarket Cap\nFinancial Health Rating\n\n\nEmbark Early Education (ASX:EVO)\nA$0.80\nA$127.64M\n★★★★☆☆\n\n\nMaxiPARTS (ASX:MXI)\nA$1.87\nA$99.57M\n★★★★★★\n\n\nHelloworld Travel (ASX:HLO)\nA$1.845\nA$292.36M\n★★★★★★\n\n\nAustin Engineering (ASX:ANG)\nA$0.55\nA$334.88M\n★★★★★☆\n\n\nLaserBond (ASX:LBL)\nA$0.61\nA$74.43M\n★★★★★★\n\n\nNavigator Global Investments (ASX:NGI)\nA$1.72\nA$823.33M\n★★★★★☆\n\n\nPerenti (ASX:PRN)\nA$1.19\nA$1.1B\n★★★★★★\n\n\nAtlas Pearls (ASX:ATP)\nA$0.135\nA$59.91M\n★★★★★★\n\n\nGTN (ASX:GTN)\nA$0.47\nA$93.09M\n★★★★★★\n\n\nJoyce (ASX:JYC)\nA$3.915\nA$117.4M\n★★★★★★\n\n\n\nClick here to see the full list of 1,031 stocks from our ASX Penny Stocks screener.\nWe'll examine a selection from our screener results.\nCivmec\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Civmec Limited is an investment holding company that offers construction and engineering services across the energy, resources, infrastructure, marine, and defense sectors in Australia with a market cap of A$474.60 million.\nOperations: The company's revenue is derived from three primary segments: Energy (A$31.04 million), Resources (A$876.48 million), and Infrastructure, Marine & Defence (A$125.96 million).\nMarket Cap: A$474.6M\nCivmec Limited, with a market cap of A$474.60 million, has demonstrated significant earnings growth over the past five years at 33.8% annually, although recent growth slowed to 11.7%. The company is trading at a good value, estimated to be 50% below its fair value. Civmec's financial health is supported by strong cash flow coverage of debt and well-covered interest payments. Recent board appointments bring seasoned expertise, potentially enhancing governance and strategic oversight. However, the management team lacks experience with an average tenure of just 0.1 years which may impact operational stability amidst ongoing executive changes.\n\nUnlock comprehensive insights into our analysis of Civmec stock in this financial health report.\nLearn about Civmec's future growth trajectory here.\n\n\n\n\n  ASX:CVL Financial Position Analysis as at Oct 2024\n \n\nDuratec\nSimply Wall St Financial Health Rating: ★★★★★★\nOverview: Duratec Limited, along with its subsidiaries, provides assessment, protection, remediation, and refurbishment services for steel and concrete infrastructure assets in Australia and has a market cap of A$414.61 million.\nOperations: The company's revenue segments include Energy (A$46.64 million), Defence (A$220.16 million), Buildings & Facades (A$111.33 million), and Mining & Industrial (A$155.64 million).\nMarket Cap: A$414.61M\nDuratec Limited, with a market cap of A$414.61 million, shows solid financial health as its short-term assets of A$161.3 million exceed both short and long-term liabilities. The company is debt-free, eliminating concerns over interest payments and cash flow coverage for debt. Despite a less experienced management team with an average tenure of 1.8 years, the board's seasoned leadership averages 14.2 years in tenure. Duratec's earnings have grown significantly by 24.8% annually over five years but slowed to 11.6% recently, underperforming the industry average growth rate of 16.2%. Recent inclusion in the S&P Global BMI Index highlights its growing market presence amidst stable weekly volatility at 7%.\n\nGet an in-depth perspective on Duratec's performance by reading our balance sheet health report here.\nExplore Duratec's analyst forecasts in our growth report.\n\n\n\n\n  ASX:DUR Financial Position Analysis as at Oct 2024\n \n\nReadyTech Holdings\nSimply Wall St Financial Health Rating: ★★★★☆☆\nOverview: ReadyTech Holdings Limited offers technology-based solutions in Australia and has a market cap of A$360.62 million.\nOperations: The company's revenue is derived from three main segments: Workforce Solutions (A$30.74 million), Government and Justice (A$42.51 million), and Education and Work Pathways (A$40.55 million).\nMarket Cap: A$360.62M\nReadyTech Holdings Limited, with a market cap of A$360.62 million, has shown revenue growth across its segments, totaling A$113.8 million for the year ending June 2024. Despite earnings growth of 9.8% surpassing the software industry average, net profit margins remain flat at 4.8%. The company faces challenges in covering short-term liabilities with assets and has seen shareholder dilution by 2.9%. However, debt is well-managed with operating cash flow coverage at 75.4%, and interest payments are adequately covered by EBIT (3.1x). Management and board experience averages four years and 5.6 years respectively, indicating seasoned leadership amidst recent board changes.\n\nJump into the full analysis health report here for a deeper understanding of ReadyTech Holdings.\nReview our growth performance report to gain insights into ReadyTech Holdings' future.\n\n\n\n\n  ASX:RDY Financial Position Analysis as at Oct 2024\n \n\nKey Takeaways\n\nDive into all 1,031 of the  ASX Penny Stocks we have identified here.\nInvested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.\nUnlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.\n\nLooking For Alternative Opportunities?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nJump on the AI train with fast growing tech companies forging a new era of innovation.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.\nCompanies discussed in this article include ASX:CVL ASX:DUR and ASX:RDY.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478136656"}