Insights

Why AVITA, Cettire, Lifestyle Communities, & SEEK are storming higher

These ASX shares are having a strong day…
The post Why AVITA, Cettire, Lifestyle Communities, & SEEK are storming higher appeared first on The Motley Fool Australia. –

In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is defying overnight weakness on Wall Street and is pushing higher. At the time of writing, the benchmark index is up 0.3% to 7,400.8 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

AVITA Medical Inc (ASX: AVH)

The AVITA Medical share price has stormed 12% higher to $5.61. This morning the regenerative medicine company announced that it expects to outperform its fourth quarter revenue guidance. Instead of quarterly revenue of US$8.2 million to US$8.6 million, it is now expecting revenue in the range of US$9.5 million to US$9.7 million.

Cettire Ltd (ASX: CTT)

The Cettire share price is up 6% to $2.10. The online luxury goods seller’s shares are rebounding on Wednesday following a sharp decline on Tuesday amid concerns over its business model and the authenticity of the products it sells. This morning Cettire defended its business and refuted the claims. It said: “Cettire has confidence in the sustainability of its supply chain and the authenticity of the products available on its platform.”

Lifestyle Communities Limited (ASX: LIC)

The Lifestyle Communities share price has jumped 7.5% to $15.37. This appears to have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has retained its conviction buy rating and lifted its price target to $16.50. Goldman believes its shares are attractively priced given its solid growth prospects thanks to its exposure to the ageing populations tailwind.

SEEK Limited (ASX: SEK)

The SEEK share price is up 2.5% to $33.07. Investors have been buying the job listings company’s shares after it was the subject of a bullish broker note out of Macquarie. According to the note, the broker has retained its outperform rating and lifted its price target to $40.00. Macquarie believes SEEK will benefit greatly from improving yields on its ads when discounts are removed. It also expects the Australian unemployment rate to fall to 4% in 2023, underpinning strong growth in ad volumes.

The post Why AVITA, Cettire, Lifestyle Communities, & SEEK are storming higher appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

ASX 200 up 0.35%: SEEK upgraded, Afterpay lower

Top brokers name 3 ASX shares to buy today

Why the Cettire (ASX:CTT) share price is rebounding 9% today
Why the AVITA (ASX:AVH) share price is jumping 8% today
Here’s an ASX growth share priced like a value stock: analyst

James Mickleboro owns SEEK shares. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Avita Medical Limited and Cettire Limited. The Motley Fool Australia has recommended Avita Medical Limited, Cettire Limited, and SEEK 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!