5 ASX shares under $10 that have more than doubled in the past year

Investors have been left gobsmacked by the returns of these 5 ASX-listed companies…

| More on:
man pointing up at a rising red line which represents a growing share price

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It is no secret that ASX shares have performed remarkably well in the past year. The S&P/ASX 200 Index (ASX: XJO) has surged 26% as companies bounced back from economic disruptions.

Although, there are ASX shares that have performed well above the Aussie benchmark index. The five ASX stocks we will be looking at today all trade for less than $10 per share and have more than doubled in value over the course of the last 12 months – let's take a look!

5 ASX shares that have hit a homerun

Pilbara Minerals Ltd (ASX: PLS)

Emerging lithium producer Pilbara Minerals has experienced a meteoric surge in its share price over the past year. The widespread exuberance towards the lithium sector pushed this ASX share 562% higher during the period, now residing at $2.14 per share.

The $6.3 billion mining company has taken full advantage of a rocketing lithium price. In its full-year results for FY2021, Pilbara Minerals notched up a 142% increase in shipments to 281,440 dry metric tonnes. In conjunction with the higher commodity price, this lifted the company's revenue by 109% to $175.8 million for the financial year.

Calix Ltd (ASX: CXL)

The next ASX share making the cut is highly topical given the ongoing concerns around climate change. In short, Calix focuses on developing technologies to "repair, preserve, and prevent future harm to [the planet]". During the past year, the Calix share price has delivered a remarkable 315%. Today, the company's shares command a $4.20 price tag.

It has been a stellar 12-month period for the company, receiving grants, entering multiple memorandums of understanding (MOU), and delivering revenue growth in FY21. Due to its ESG theme, Calix has caught the eye of Shaw and Partners advisor Adam Dawes. In speaking with The Motley Fool earlier in the month, Dawes shared the broker's positive sentiment towards the company.

Dubber Corp Ltd (ASX: DUB)

Cloud-based call recording software company Dubber and its shareholders have enjoyed a plentiful period over the past year. As working from home continues to be popular, demand for call recording software jumped. In terms of revenue, Dubber achieved $23.3 million in FY21, an increase of 97% year on year. Likewise, the company's share price has rocketed 244% over the past year.

This ASX share has been quick to capitalise on its success. In July, Dubber completed a $110 million capital raise to accelerate its growth objectives. One of these ambitious objectives includes increasing annual recurring revenue from $39 million to $100 million in the medium term.

Uniti Group Ltd (ASX: UWL)

Despite playing in a sector filled with giants, Uniti Group hasn't shown any fear for going toe-to-toe. The provider of internet and telecommunication products and services delivered immense value for shareholders over the past year. For starters, the share price is up 188% — putting a smile on the faces of Uniti investors.

The rapidly growing ASX share is a product of execution on a bold acquisition strategy. In FY21 alone, Uniti completed the acquisitions of HabourISP, OptiComm, and Velocity. As a result, the company's revenue exploded 175% to $159.9 million during the financial year. At the end of the period, Uniti's contracted order book had grown to 250,460 construction premises.

Life360 Inc (ASX: 360)

Last but not least, Life360 has been helping families and investors have a more enjoyable time this past year. The family safety app maker eclipsed 32.2 million global monthly active users in FY21, an increase of 28% year on year. At the same time, this ASX share has surged by 134% in value over the past 12-months.

Investors drove the company's share price higher as its 'Paying Circles' members continued to increase throughout the financial year. By the end of FY21, Life360 toted 1 million paying memberships, representing a 19% increase compared to the prior year.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Dubber Corporation and Life360, Inc. The Motley Fool Australia owns shares of and has recommended Dubber Corporation. The Motley Fool Australia has recommended Uniti Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Woman in celebratory fist move looking at phone
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
Broker Notes

These ASX 200 shares could rise 20% to almost 30%

Analysts are tipping these shares to deliver big returns over the next 12 months.

Read more »

A young woman carefully adds a rock to the top of a pile of balanced river rocks.
Share Market News

Here's how the ASX 200 market sectors stacked up last week

Energy and utilities stocks led the way last week with 4%-plus gains.

Read more »

Animation of a man measuring a percentage sign, symbolising rising interest rates.
Share Market News

Here's when Westpac says the RBA will now cut interest rates

Will borrowers need to wait until the middle of next year for relief? Let's find out.

Read more »

Boys making faces and flexing.
Opinions

3 ASX 300 shares to buy and hold for the long run

I believe these stocks have loads of growth potential.

Read more »

Young girl drinking milk showing off muscles.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the trading week for ASX investors today.

Read more »

Hands reaching high for a trophy with a sunset in the background.
Record Highs

The ASX 200 Index is on its way to another all-time high today. Here's why

These blue chip stocks are driving the index towards a new record today...

Read more »

Group of friends trading stocks on their phones. symbolising the 3 most traded ASX 200 shares today
Share Market News

3 ASX mining stocks topping the most-traded list in October

Chinese stimulus news and company announcements likely contributed to the higher trading activity.

Read more »