2 dirt cheap ASX shares to buy next week Ltd (ASX: KGN) and this beaten down ASX share could be great value options for investors right now. Here’s why…
The post 2 dirt cheap ASX shares to buy next week appeared first on The Motley Fool Australia. –

wooden letter blocks spelling the word 'discount' representing cheap xero share price

While a number of shares have just reached 52-week highs or better this week, not all shares are performing as strongly.

Two ASX shares that have been beaten down this year are listed below. Here’s why they could be in the bargain bin now:

Bravura Solutions Ltd (ASX: BVS)

The Bravura share price is down 17% since the start of the year and an even more disappointing 38% over the last 12 months.

Investors have been selling the shares of the provider of software products and services to the wealth management and funds administration industries due to its poor performance in FY 2021. This has been driven by headwinds created by COVID-19 and Brexit. 

One broker that appears to see this as a buying opportunity is Goldman Sachs. It currently has a buy rating and $3.70 price target on the company’s shares. This implies potential upside of 37% over the next 12 months.

Although Goldman Sachs acknowledges that uncertainty remains in the near term as a result of COVID-19, it notes that its new contract pipeline is strong. Outside this, it believes the opportunity for Bravura remains compelling in the UK and Australia. It also expects its emerging microservices ecosystem strategy to transform the business to a subscription-based model and drive growth. Ltd (ASX: KGN)

Another ASX growth share that has come under pressure this year is Kogan. The ecommerce company’s shares are down 31% since the start of the year.

This is despite the company delivering one of the strongest results during earnings season in February. For the six months ended 31 December, Kogan reported a 96% increase in gross sales and a 140% jump in earnings before interest, tax, depreciation and amortisation (EBITDA). This strong growth was driven by a surge in customer numbers, increased repeat customer rates, acquisitions, and the accelerating shift to online shopping.

Credit Suisse remains positive on the company and recently retained its outperform rating and $20.85 price target on its shares. Based on the latest Kogan share price, this equates to potential upside of almost 57% over the next 12 months.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 dirt cheap ASX shares to buy next week appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!