These All Ords shares have just hit 52-week highs or better

Kogan.com Ltd (ASX:KGN) and these All Ords shares have just hit 52-week highs or better despite the coronavirus crisis…

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The All Ordinaries index may be trading materially lower than its February high following the recent market selloff, but not all shares are down in the dumps.

A few have even managed to climb to 52-week highs or better this week. Three top shares that have just achieved this milestone are listed below:

Kogan.com Ltd (ASX: KGN)

The Kogan share price continued its positive run and hit a 52-week high of $8.30 on Wednesday. Investors have been fighting to get hold of the ecommerce company's shares after it revealed a big jump in sales during the third quarter. While Kogan reported a 30% increase over the prior corresponding period, it was its performance in the final month of the quarter that caught the eye of investors. In March Kogan delivered a 50% increase in sales and gross profits compared to the same month in 2019. It has been a big winner from the closure of bricks and mortar retail stores during the pandemic. Investors appear hopeful that consumers will continue shopping with Kogan once the pandemic ends and retail stores reopen.

Megaport Ltd (ASX: MP1)

The Megaport share price jumped to a record high of $13.54 on Wednesday. When the elasticity connectivity and network services company's shares hit that level, it stretched their 12-month return to a massive 150%. Investors have been fighting to get hold of Megaport's shares due to its explosive revenue growth which is being driven by the seismic shift to the cloud. In the first half of FY 2020 Megaport delivered a 70% increase in revenue to $25.9 million. Pleasingly, the company's services continue to be in demand during the COVID-19 pandemic. In the third quarter its Monthly Recurring Revenue increased 19% since the end of December to $5.4 million.

Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price was a standout performer on Wednesday and rocketed to an all-time high of $5.24. Investors were scrambling to buy the donor management system provider's shares after it delivered a strong full year result. For the 12 months ended March 31, Pushpay reported EBITDAF of US$25.1 million. This was an increase of 1,506% from US$1.6 million in FY 2019. The good news is that its strong growth is expected to continue in FY 2021. Management has provided EBITDAF guidance of between US$48 million and US$52 million. This will be a 91.2% to 107% increase, respectively, year on year. It also revealed aspirations to win a 50% share of the medium and large church market in the future. These churches represent a $1 billion market opportunity for the company. This compares to the operating revenue of US$127.5 million it achieved in FY 2020.

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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 MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd and PUSHPAY FPO NZX. The Motley Fool Australia has recommended MEGAPORT FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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