市场见解

Why Beach Energy, Bigtincan, Pointerra, & ResMed are sinking today

Beach Energy Ltd (ASX:BPT) and ResMed Inc (ASX:RMD) are two of four ASX shares sinking notably lower on Friday…
The post Why Beach Energy, Bigtincan, Pointerra, & ResMed are sinking today appeared first on The Motley Fool Australia. –

Fall in ASX share price represented by white arrow pointing down

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) looks set to finish the week on a disappointing note. At the time of writing, the benchmark index is down 0.8% to 7,028.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price has crashed 21% lower to $1.32 after the release of its quarterly update. That update fell short of expectations due largely to issues at the Western Flank oil and gas operation. These issues are so severe that its full year guidance has been downgraded and its five-year outlook has been withdrawn.

Bigtincan Holdings Ltd (ASX: BTH)

The Bigtincan share price has sunk 11.5% to 88 cents following its third quarter update. Although the sales enablement automation platform provider advised that it now expects to hit the upper end of its guidance range, investors appear disappointed with its growing costs. Bigtincan reported cash receipts of $12.2 million but cash operating payments of $15.8 million. This follows the addition of several bolt-on acquisitions.

Pointerra Ltd (ASX: 3DP)

The Pointerra share price has sunk 15% to 64 cents. This follows news that the 3D geospatial data technology company has signed an agreement to acquire US drone-based digital asset management business Airovant. Pointerra also released a sales update and revealed that its annual contract value (ACV) had increased 15% over the last three months to US$7.89 million. Some investors may have been expecting stronger growth.

ResMed Inc (ASX: RMD)

The ResMed share price is down 4.5% to $26.14 after its third quarter results fell short of expectations. For the three months ended 31 March, the sleep treatment medical device company reported revenue of US$768.8 million and an operating profit of US$223.4 million. This represents a 0.1% decline and 3% increase over the same period last year. However, it is worth noting that he prior corresponding period benefited greatly from strong COVID-19-related ventilator sales. Excluding these sales, ResMed would have grown its top line.

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 and recommends BIGTINCAN FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointerra Limited. The Motley Fool Australia has recommended BIGTINCAN FPO, Pointerra Limited, and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why Beach Energy, Bigtincan, Pointerra, & ResMed are sinking today appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

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!