2 ASX All Ords shares smashing all-time highs

These 2 stocks are hitting it out of the park during a mediocre day for the market.

| More on:
Kid swinging his bat and playing backyard cricket with his parents.

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

ASX All Ords shares are in the red on Wednesday, but two of them are catapulting to record-high prices.

The S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.14% to 7,279.3 points at the time of writing.

The market is having a so-so day following a poor session on Wall Street overnight. The Dow Jones index finished 0.18% lower, and the S&P 500 Index (SP: .INX) fell 0.20%. The Nasdaq Composite Index (NASDAQ: .IXIC) also finished down 0.59%.

But here are two ASX All Ords shares defying today's market trends.

ASX All Ords tech share reaches record high

The Data#3 Limited (ASX: DTL) share price hit a record high of $7.88, up 0.64% in earlier trading on Wednesday.

Data#3 is an ASX All Ords tech share.

The company held an investor briefing last week where CFO Cherie O'Riordan told investors they are focused on sustained earnings and gross profit growth, rather than gross margins.

She said Data#3's overall gross margin has been at or slightly below 10% over the past three financial years.

A slight tapering has occurred due to an increase in multi-year deals and annuity-based consumption, as well as low-margin public sector and education supply contracts, which drive long-term revenue and cross-selling opportunities.

She also pointed to larger, more competitive deals won at lower margins to drive strategic future business; and competitive market factors.

ASX industrial stock joins the party

The Chrysos Corporation Ltd (ASX: C79) share price hit an all-time high of $7.68, up 3.5% in earlier trading today.

Chrysos is an ASX All Ords industrial share.

The company creates technology solutions for the global mining industry. Its flagship product is PhotonAssay, which it claims delivers higher-quality analysis of gold, silver, and other elements.

Earlier this month, Chrysos completed a $75 million institutional placement to raise funds to support the deployment of PhotonAssay units and accelerate growth.

The offer price was $6.60 and the ASX All Ords company issued 11.4 million new shares.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on 52-Week Highs

A beautiful ocean vista is shown with a woman whose back is to the camera holding her arms up in triumph as she stands at the top of a rock feeling thrilled that ASX 200 shares are reaching multi-year high prices today
52-Week Highs

3 ASX 300 shares smashing new highs while the market dives

These three shares are running hot amid a market meltdown.

Read more »

Three hikers lift their arms in jubilation as they reach a rocky peak overlooking a sensational view of water and mountains with a blue sky surrounding them.
52-Week Highs

3 blue chip ASX 200 shares smashing new highs on Wednesday

These names are finishing the year strongly.

Read more »

Ten smiling business people wave to the camera after receiving some winning company news.
ETFs

10 red-hot ASX ETFs that smashed new highs today

Do you own any of these lucky exchange-traded funds?

Read more »

Two kids stare open-mouthed at what's under their bed.
52-Week Highs

5 under-the-radar ASX 200 shares smashing new highs today

These shares are bucking the market big time.

Read more »

A piggy bank on the cloud in the blue sky symbolising a record high share price.
52-Week Highs

10 ASX 200 shares smashing new highs while the market sinks

Do you own any of these market-defying stocks?

Read more »

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Travel Shares

Why the Qantas share price can keep flying to new highs

Qantas shares' new record highs are forecast to be broken in 2025 by this top broker.

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Financial Shares

Why did the IAG share price just hit a 5-year high?

Shareholders of this insurance giant are smiling on Tuesday. What's going on?

Read more »

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today
52-Week Highs

This ASX 200 stock just hit a 14-year high following an upgrade from Macquarie

You’d have to go all the way back to May 2010 to find the ASX 200 stock trading at higher…

Read more »