The 3 best performing ASX shares in the week of 24 October 2022
Marc Kennis, October 31, 2022
The 3 best performing ASX shares in the week of 24 October 2022
The 3 best performing ASX shares of the week starting 24 October 2022 were Elmo Software (ASX:ELO), up 42.6%, Limeade (ASX:LME), up 33.3%, and Structural Monitoring Systems (ASX:SMN), up 32.5%.
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1. Elmo Software (ASX:ELO)
Industry: Software & Services
The first of our top 3 best performing ASX shares is Elmo Software (ASX:ELO). ELO is a provider of cloud-based HR, Payroll, Rostering/Time & Attendance Software in Australia & New Zealand. It provides organisations with a centralised approach to managing an employee’s lifecycle from ‘hire to retire’, including payroll and rostering / time & attendance. Elmo operates on a Software as a Service (“SaaS”) business model.
Market Cap: $463m
12 month high / low: $2.05 – $5.55
2. Limeade (ASX:LME)
Industry: Software & Services
Limeade Inc. (ASX:LME) is a provider of employee experience software solutions to enterprise customers. Through its software solutions, it helps organisations better care for their employees and evaluate the employee experience and infuse care across all levels of an organisation.
Market Cap: $41m
12 month high / low: $0.095 – $0.60
3. Structural Monitoring Systems (ASX:SMN)
Industry: Industrials
Structural Monitoring Systems (ASX:SMN) rounds out our 3 best performing ASX shares. SMN consist of the design and manufacture of electronic products and the provision of manufacturing services to the aviation industry. The group operates in two industries, i.e. structural health monitoring (CVMTM) and the design and manufacture of avionics and audio systems. The main geographic areas that the entity operates in are the US, Canada and Europe.
Market Cap: $71m
12 month high / low: $0.325 – $1.30
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