16 ASX shares that doubled in value last year

MotleyFool
01-09

S&P/ASX All Ordinaries Index (ASX: XAO) shares rose by 7.55% last year and delivered total gross returns, including dividends, of 11.44%. The index closed the year at 8,420.5 points.

In comparison, the benchmark S&P/ASX 200 Index (ASX: XJO) lifted 7.49%, with total gross returns also coming in at 11.44%. The ASX 200 finished the year at 8,159.1 points.

Multiple ASX All Ords stocks delivered exceptional price growth in 2024. We provide a sample of these multi-bagger stocks below.

Here are 16 ASX shares that shot the lights out with a minimum doubling in stock price over the year.

16 ASX shares that more than doubled in value last year

1. Mesoblast Ltd (ASX: MSB)

ASX biotech share Mesoblast skyrocketed by 900% to close at $3.10 apiece on 31 December.

2. Zip Co Ltd (ASX: ZIP)

This ASX financial stock ripped in 2024 with the Zip share price soaring 352.5% to close at $2.96.

3. Appen Ltd (ASX: APX)

ASX tech share Appen catapulted 319.1% higher to close at $2.64 on 31 December.

4. IperionX Ltd (ASX: IPX)

This materials share soared 295.68% to finish the year at $5.50 per share.

5. Nuix Limited (ASX: NXL) 

The Nuix share price rocketed 232.63% higher in 2024 to close at $6.32 per share on 31 December.

6. Superloop Ltd (ASX: SLC)

Shares in ASX telecommunications company SuperLoop streaked 226.87% higher to $2.19.

7. Life360 Inc (ASX: 360)

Stock in social tracking app developer Life360 rose by 198.15% to finish the year at $22.54 per share.

8. Spartan Resources Ltd (ASX: SPR)

The Spartan Resources share price rose by 171.15% in 2024. The ASX gold mining share closed the year at $1.41 apiece.

9. Ora Banda Mining Ltd (ASX: OBM)

Fellow gold mining stock Ora Banda lifted 170.83% to close the year at 65 cents per share.

10. Catapult Group International Ltd (ASX: CAT)

Shares in sports technology solutions provider Catapult lifted 169% to $3.71 over the 12 months.

11. Sigma Healthcare Ltd (ASX: SIG)

ASX healthcare share Sigma leapt 162% higher to close at $2.62 on 31 December.

12. Pro Medicus Limited (ASX: PME)

The Pro Medicus share price rose by 161% to finish 2024 at $250.12 per share.

13. Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price shot 144.14% higher to close at $24.61 on 31 December.

14. Pinnacle Investment Management Group Ltd (ASX: PNI)

The Pinnacle Investment share price rose 126.69% to finish at $22.85 on 31 December.

15. Clarity Pharmaceuticals Ltd (ASX: CU6)

This ASX biopharmaceutical share rocketed 120.6% to close out the year at $4.17.

16. TechnologyOne Ltd (ASX: TNE)

TechnologyOne shares ascended 103.71% to close 2024 at $31.31 per share.

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