Although the share market has been extremely volatile in recent days, that hasn't been able to stop some shares from surging higher.
In fact, a few shares have even managed to climb to 52-week highs or better this week.
Three that have achieved this are listed below. Here's why they are flying high right now:
The Baby Bunting Group Ltd (ASX: BBN) share price reached a 52-week high of $3.08 on Tuesday. Investors have been scrambling to get hold of the baby products retailer's shares since the release of its full year results earlier this month. In FY 2019 Baby Bunting delivered a 19% increase in total sales to $362.3 million, above guidance EBITDA growth of 45.9% to $27.1 million, and net profit after tax growth of 58.2% to $15.1 million. The good news is that management expects more of the same in FY 2020 and has provided net profit after tax growth guidance of up to 46%.
The Jumbo Interactive Ltd (ASX: JIN) share price stormed to an all-time high of $21.87 yesterday. Despite being sold off initially following the release of its full year results, investors have returned in their droves and bid its shares up even higher. In FY 2019 the lottery ticket seller impressed by more than doubling its full year net profit after tax. Jumbo reported a 124% increase in net profit after tax to $26.4 million thanks to strong customer growth and engagement and increased large jackpot activity.
The WiseTech Global Ltd (ASX: WTC) share price continued its impressive run and hit an all-time high of $34.79 on Tuesday. This logistics solutions company's shares have been on fire since the release of its full year results. WiseTech Global impressed the market when it recorded a whopping 57% increase in total revenue to $348.3 million and a 33% lift in net profit after tax to $54.1 million thanks to increasing demand for its platform and an incredibly low customer churn rate. Pleasingly, management has forecast another strong result in FY 2020 and provided guidance for revenue growth of 26% to 32% and EBITDA growth of 34% to 42%.
