Australia's Camplify at 1-mth high on Canaccord's estimate hike

Camplify Holdings

24/04/2023 05:36

** Shares of RV marketplace provider Camplify Holdings
 CHL.AX  up ~3% at A$1.92, a 1-mth high, in above-avg vol
    ** Stock hits 50-day simple moving avg for first time since
March 20
    ** Canaccord Genuity says Camplify Q3 269% jump in Q3 gross
transaction beat its estimates by 30%, while rev beats by 28%
    ** Brokerage ups FY23, 24, 25 rev est by 16%, 3%, 3%,
respectively
    ** trading vol on the day of ~8ok shrs is stock's busiest
day since Jan 30
    ** Stock has risen 7.8% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))