5 Top Weekly NASDAQ Tech Stocks: AGM Holdings Up 175 Percent

- June 17th, 2018

Which NASDAQ tech stocks gained the most last week? AGM Holdings, Nano Dimension, CLPS, Net Element and Foresight Autonomous Holdings took the top spots.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) started off last week at 7,647.24 points, and as of 1:20 p.m. EST on Friday (June 15), was sitting at 7,745.39 points.

The NASDAQ 100 Technology Index (INDEXNASDAQ:NDXT) began the week at 4,378.6 points on Monday (June 11) and on Friday at 1:20 p.m. EST was trading at 4,410.82 points.

On Thursday (June 14), AT&T (NYSE:T) closed an $85-billion deal to acquire media company Time Warner, ending a 20-month-long battle to venture into the media business.

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The week also saw new developments at E3, with Microsoft (NASDAQ:MSFTannouncing that five studios will join it as part of the company’s big push to get more exclusives for its gaming console, Xbox.

In the latest development in the ongoing trade war between the US and rest of the world, the Trump administration on Friday unveiled a 25-percent import tax on US$50 billion worth of industrially significant technologies imported from China.

That said, the week wasn’t all about big companies and their announcements; small- and mid-cap companies also had a stellar week, including AGM Holdings, whose share price soared by 175 percent during the period. The stocks listed below gained over 20 percent last week:

AGM Holdings (NASDAQ:AGMH)

AGM Holdings is an emerging financial technology company focused on delivering trading platform solutions and enhancing technologies for brokerage firms and other financial institutions. The company was incorporated in April 2015 and is headquartered in Beijing, China.

Shares of AGM were trading at US$28.69 as of 1:20 p.m. EST on Friday and were up 180 percent over the last week. The company did not give any meaningful updates that would explain the increase in its share price.

Nano Dimension

A leading electronics provider in the 3D printing space, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features.

The company announced on Monday that it has achieved US government certified vendor status. The news sent the stock flying high. As of 1:20 p.m. EST on Friday, shares of Nano Dimension were trading at US$2.40; the company’s share price rose 80 percent over the five-day trading period.

CLPS

CLPS is a global information technology, consulting and solutions provider focused on the banking, insurance and financial sectors.

The company’s shares were trading at US$8.24 as of 1:30 p.m. EST on Friday. CLPS announced that day that underwriters have exercised their full overallotment option with the company, raising gross proceeds of approximately US$1.58 million. When added to CLPS’ IPO gross proceeds of US$10.5 million the total is over US$12 million.

Net Element  

Net Element operates a payments-as-a-service transactional and value-added services platform for small to medium enterprises in the US, and selected emerging markets.

The company announced on Tuesday (June 12) the extension of its Netevia platform to include a smart solution for enabling secure vendor payments. As of 1:30 p.m. EST on Friday, the company was trading at US$8.89 and was up 20.18 percent over last week’s trading period.

Foresight Autonomous Holdings

Founded in 2015, this Israel-based technology company is engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry.

On Tuesday, the company announced first sale of its QaudSight prototype. The first customer to purchase the system is a truck division of a large European manufacturer. Foresight Autonomous Holdings was trading at US$3.47 as of 1:30 p.m. EST on Friday and gained 20.07 percent last week.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Nano Dimension is a client of the Investing News Network. This article is not paid-for content.

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**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index Inches Back Up 

By Bala Yogesh, June 10, 2018

The NASDAQ Composite (INDEXNASDAQ:.IXIC) started off last week at 7,570.08 on Monday (June 4), and by Friday (June 8) at 1:23 p.m. EST had increased to 7,640.22.

The NASDAQ 100 Technology Index (INDEXNASDAQ:NDXT) began at 4,367.06 on Monday and reached a weekly high of 4,439 on Wednesday (June 6), but cooled down over the next two days. As of 1:30 p.m. EST on Friday the index was at 4,372.44.

Apple’s (NASDAQ:AAPL) shares fell 2 percent on Friday after a report emerged that the company told its supply chain to make 20 percent less parts for iPhones in second half of 2018.

One of biggest stories of the week was from Microsoft (NASDAQ:MSFT), which announced on Monday its intentions to acquire GitHub for US$7.5 billion.

That being said, the week was not just about big companies, as some small- and mid-cap companies steered ahead — the top five picks listed below gained over 20 percent during the period:

  • Tintri (NASDAQ:TNTR)
  • InfoSonics (NASDAQ:IFON)
  • Professional Diversity Network (NASDAQ:IPDN)
  • Shotspotter (NASDAQ:SSTI)
  • Smith Micro Software (NASDAQ:SMSI)

Tintri

The Mountain View based company offers an enterprise cloud infrastructure built on public cloud like web services architecture and RESTful APIs.

Tintri rose by 27.79 percent over last week’s trading period to reach $0.55 as of 1.30 p.m. EST on Friday. That being said, the company did not have any news last week that would relate to its rising share price.

InfoSonics

InfoSonics increased 26.13 percent and ranks second on the list with the stock trading at $3.63 as of 1.43 p.m. EST on Friday.

The company is comprised of OneClick, a chain of retail stores and an authorized reseller under Apple Premier Partner and announced on Wednesday that it has closed a public offering of securities where it raised US$3.7 million. As a result, it’s no surprise InfoSonics made last week’s 5 top weekly NASDAQ tech stocks list.

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Professional Diversity Network

Third on the list is the company that claims to be a global developer and operator of online and in-person networks that provides access to networking, training, educational and employment opportunities for diverse professionals.

Shares of the company moved up by  23.18 percent over last week’s trading period to reach $3.72 as of 1.43 p.m., EST on Friday. The company did not provide any updates that could explain its price hike.

ShotSpotter

ShotSpotter is a global leader in gunfire detection and location technology which the company says will provide the most trusted, scalable and reliable gunfire alert and analysis.

The company was founded in 1996 and the stock price rose up by 21.39 percent over last week to reach $35.36 as of 1.43 p.m.,EST on Friday. That said, ShotSpotter too didn’t have any news last week that could relate to its share price increase.

Smith Micro Software

Grabbing the last spot on this list is a company that develops software to simplify and enhance the mobile experience by providing solutions to leading wireless service providers, device manufacturers and system integrators around the world.

Smith Micro Software soared by 20.75 percent during last week’s trading period to reach $2.55 as of 1.50 p.m. EST on Friday, although it didn’t have any news that would explain the price increase of its stock.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

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