Insights

What’s with the Cettire (ASX:CTT) share price today, up 9%?

It’s been a day in the green for the luxury goods retailer.
The post What’s with the Cettire (ASX:CTT) share price today, up 9%? appeared first on The Motley Fool Australia. –

The Cettire Ltd (ASX: CTT) share price is clawing back its heavy losses realised at the beginning of December. This comes despite no new announcements from the company since its annual general meeting (AGM) last month.

During mid-afternoon trade, the online luxury goods retailer’s shares are changing hands for $3.46, up 9.15%. It’s worth noting that despite today’s strong rise, its shares are down almost 10% since last week.

What’s driving Cettire shares higher?

While the rebound could be attributed to the Cettire share price being oversold recently, it appears investors remain optimistic about the company’s opportunities.

With Christmas around the corner, the retail industry is looking to cash in on the difficult year consumers had to endure. Cashed-up families are expected to splurge big for the festive season, and Cettire is in the hot seat.

An FY22 trading update provided by the company indicated its growth momentum had continued with triple-digit increases across key metrics.

As such, for the first four months of the fiscal year, gross revenue soared 184% year-on-year. Sales revenue jumped 172% over the same period on the back of the company’s marketing initiatives and customer acquisition investment.

Cettire noted that, as a result, it is experiencing strong traffic growth of 379% compared to the previous year. Management is aiming to improve the conversion rates to maximise revenue potential.

The active customer base stands around 158,000, which represents a 220% uplift year-on-year.

Cettire share price snapshot

Over the past 12 months, the Cettire share price has accelerated by almost 600%, with year-to-date up an astonishing 630%. The retail industry has been a big winner from COVID-19, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) roaring 25% higher in 2021.

Based on today’s price, Cettire presides a market capitalisation of around $1.31 billion, with approximately 381.24 million shares on issue.

The post What’s with the Cettire (ASX:CTT) share price today, up 9%? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Cettire right now?

Before you consider Cettire, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Cettire wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

2 high-growth ASX shares profiting from the e-commerce boom

Cettire (ASX:CTT) share price struggles despite 180% revenue growth

The Cettire (ASX:CTT) share price is soaring 7% to all-time highs. What’s happening?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cettire Limited. The Motley Fool Australia has recommended Cettire Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!