Junior technology hopeful 1-Page Ltd (ASX: 1PG) has emerged from the recent market crash stronger than ever before with the stock hitting a new all-time high during today's session.
The stock dived more than 11% between Wednesday last week and Monday, hitting a low of $3.34. Since then however, the shares have added 30% and hit a high of $4.34 shortly after midday.
Better yet, the stock is up an incredible 1,158% since it debuted on the ASX at just 34.5 cents in October 2014. Considering its size, there could be plenty of room left to grow.
What does it do?
Although it is by no means a household name (yet), 1-Page could go on to rival the likes of SEEK Limited (ASX: SEK) in the future. Indeed, 1-Page is striving to revolutionise the way in which companies hire and promote talent.
In fact, it claims to reduce time-to-hire from around 13 weeks to just 4 with the company boasting that its platforms save its customers both time and money.
In essence, what it does is allow companies to rank and select job applicants by asking them to take an online test or challenge to solve real world challenges relevant to the role they are applying for.
This process eliminates the need for resumes (many of which are from people who are not even qualified for the position) and thus reduces the number of subsequent interviews. In turn, it also helps to reduce staff turnover by better ensuring the appropriate person is given the role in the first place.
Pandora, Amazon.com, Red Bull, Sears, Fitness First and Destination Hotels and Resorts are just some of the big-name companies that have already joined its growing customer list, according to a recent presentation by the group.
Although its shares aren't 'cheap', there is enormous room for growth in this industry – especially if it can continue to successfully promote and market its product. It's not without its risks, but the rewards could be very nice over the coming years as well.
