5 Top Weekly NASDAQ Tech Stocks: ChinaNet Online Leads

- October 21st, 2018

Which NASDAQ tech stocks gained the most last week? ChinaNet Online, JMU, Data I/O, Integrated Media Technology and SGOCO were the biggest risers.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started at 7,452.75 points on Monday (October 15) and went up to 7,669.26 points by Wednesday (October 17). However, the index settled down to 7,453.83 points as of 2.49 p.m. EST on Friday (October 19).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started last week at 7,129.31 points on Monday and reached at 7,310 points by Wednesday before dipping down to 7,124.40 points as of 2.49 p.m. EST on Friday.

Major news highlights of the week includes the fallout of July’s ruling from European Commission which fined Google (NASDAQ:GOOGL) US$5 billion for antitrust violations. With Google forced to stop bundling its apps on Android, the Verge reported on Friday that Google’s app suite costs as much as US$40 per phone under a new deal.

Over 80 small and mid-cap companies gained in the week with the top gainers in the week include:

  • ChinaNet Online (NASDAQ:CNET)
  • JMU (NASDAQ:JMU)
  • Data I/O (NASDAQ:DAIO)
  • Integrated Media Technology (NASDAQ:IMTE)
  • SGOCO Group (NASDAQ:SGOC)

ChinaNet Online

ChinaNet, an integrated online advertising, precision marketing and data-analysis and management services platform is the top gainer this week with its shares rising 71.63 percent over the five day trading period.

The company’s shares were traded at US$2.48 as of 2.18 p.m. EST on Friday.

However, the company did not provide any updates in the week that explained its share price hike.

JMU

Second on our list is JMU, a company that operates online foodservice platform in China which provides integrated B2B (business-to-business) services to merchants and customers.

The company’s shares gained 47.88 percent over the five day period to trade at US$1.72 as of 2.18 p.m. EST on Friday.

Like other companies on this list, JMU did not provide any updates that explained its share price hike in the week.

Data I/O

Data I/O, a company engaged in the design and manufacture of products for Internet of Things and other verticals ,grabs the third spot on our five top weekly NASDAQ tech stocks.

The company provided multiple updates during the week, including the date for its third quarter financial results. The company announced on Wednesday that it won fourth award for universal flash storage (UFS) support on its product LumenX.

Data I/O was trading at US$5.18 as of 2.18 p.m. EST on Friday, representing a 19.35 percent increase to its stock in the week.

Integrated Media Technology

Next is IMT, a media systems and video collaboration company, which gained 19.14 percent to its stock price in the week.

The company’s shares were trading at US$8.28 as of 2.18 p.m. EST with the company not providing any updates in the week.

SGOCO Group

SGOCO, a company engaged in “visual reality” and energy savings products takes the final spot on the list.

Although the company has not provided any updates since June, shares of SGOCO Group increased 18.90 percent during the week to trade at US$1.15 as of 2.18 p.m. EST on Friday.

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.


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

5 Top Weekly NASDAQ Tech Stocks: One Horizon Group Leads

By Bala Yogesh, October 14, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 7,747.10 points on Monday (October 8) and dipped throughout the week to close the trading session on Thursday (October 11) at 7,329.10 points.

By Friday (October 12), the index recovered and settled at 7,376.12 points.

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,153.92 points and dipped throughout the week and closed the trading session on Thursday at 3,920.20 points. Like the NASDAQ Composite, the NASDAQ Technology Index recovered on Friday and settled at 3,952.61 points on Friday.

Major highlights of the week were product launches from Google (NASDAQ:GOOGL), Razer (HKG:1337) and Samsung (KRX:005930).

On Tuesday (October 9), Google released multiple hardware products, including Pixel 3, Pixel 3 XL and Pixel Slate. The third generation Pixel products pack in ‘flagship specifications’ and runs the latest Android version.

At Razer’s event on Wednesday (October 10), the company expanded its Razer Blade 15 Lineup and launched its second generation Razer Phone that runs Google’s Android.

Meanwhile, Facebook (NASDAQ:FB) provided an update on the security issue that saw a group of hackers take advantage of a flaw on the company’s platform to gain access to millions of accounts.

The company announced on Friday that hackers stole access tokens for 30 million accounts. Basic information from 14 million accounts was accessed, while information like gender, religion and location were accessed from 15 million accounts. The company said that no information was accessed from the remaining one million accounts. 

While the news revolved around large cap companies, small and mid cap companies had a quiet week. The top gainers in this category include:

  • One Horizon Group (NASDAQ:OHGI)
  • Mitek Systems (NASDAQ:MITK)
  • NXT-ID (NASDAQ:NXTD)
  • Turtle Beach (NASDAQ:HEAR)
  • Inspired Entertainment (NASDAQ:INSE)

One Horizon Group

Leading the pack with a 58 percent increase over the five day trading period is One Horizon Group, a company engaged in media and digital technology.

The company that owns Love Media House and Banana Whale Studios, announced on Wednesday that it has entered into an agreement to offer on-demand video and music streaming service.

The company’s stocks were traded at US$0.27 as of 1.38 p.m., EST on Friday.

Mitek Systems

Mitek, a company engaged in mobile capture and digital identity verification solutions, is second on our 5 top weekly NASDAQ tech stocks.

Shares of the company gained over 16.87 percent in the week to trade at US$7.70 as of 1.38 p.m. EST on Friday.

On Wednesday, the company released the results of the 2018 Mobile Deposit Benchmark Report. The report looked at app designs and customer experiences of 20 retail financial institutions across US. In a nutshell, the company said that consumer adoption of digital banking continues to rise across the country.

NXT-ID

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is NXT-ID. The company provides a platform of products and services that enable the Internet of Things (IoT).

The company’s shares increased 16.76 percent last week to trade at US$1.39 as of 1.38 p.m. EST on Friday.

However, the company did not provide any updates that explained its share price hike in the five day trading period.

Turtle Beach

Next is Turtle Beach, a company that provides gaming headset and audio accessories.

The company’s shares increased 16 percent over last week’s trading period to trade at US$20.45 as of 1.38 p.m. EST on Friday.

On Thursday, the company reported its third quarter results where it said that the revenues were expected to be in the range of US$73 and US$74 million based on preliminary unaudited information. As compared to the same period last year, the company said that the revenues represent an increase of 130 percent to 106 percent.

Inspired Entertainment

Last on our 5 top weekly NASDAQ tech stocks is Inspired Entertainment, a company engaged in supplying virtual sports, mobile gaming and server based gaming systems.

Shares of the company increased 15 percent last week to trade at US$7.83 as of 1.38 p.m. EST on Friday.

However, the company did not provide any meaningful updates that explained its share price hike in the 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.

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