5 Top Weekly NASDAQ Tech Stocks: ClearOne Gains Over 50 Percent

- January 27th, 2019

Which NASDAQ tech stocks gained the most last week? We run through the five biggest gainers in this article.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Tuesday (January 22) at 7,109.57 points and dipped to 6,970.15 points on Wednesday (January 23). However, the index recovered and settled at 7,166.02 points as of 1.38 p.m. EST on Friday (January 25).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a similar script with the index starting the week at 3,935.92 points on Tuesday and slightly dipped to 3,840.48 points on Wednesday. The index settled at 4,088.23 points as of 1.38 p.m. EST on Friday.

It was reported on Friday that Facebook’s (NASDAQ:FB) CEO Mark Zuckerberg has asked his teams at Facebook Messenger and Instagram to add end-to-end encryption on its platforms. The move is said to be part of a plan of Facebook merging the underlying messaging system for all the apps to communication between each other.

The government of Canada announced on Friday that it would invest C$40 million in Nokia Canada (NASDAQ:NOK) for research and development for technologies behind 5G networks.

In the small and mid-cap space, over 127 companies had share price increases in the week, with ClearOne (NASDAQ:CLRO) rising 54.61 percent. Other companies that gained in the week include:

  • ClearOne
  • Resonant (NASDAQ:RESN)
  • SITO Mobile (NASDAQ:SITO)
  • Bio-Key International (NASDAQ:BKYI)
  • Atomera (NASDAQ:ATOM)

Here is a look at the top five companies in detail:

Clearone

ClearOne is engaged in conferencing, collaboration and network streaming solutions. Over last week’s trading period, the stock gaining 54.61 percent to trade at US2.18 as of 1.38 p.m. EST on Friday.

The company has a host of solutions for audio conferencing, video conferencing and AV network and offers products like microphones, amplifiers and speaker phones.

Despite its share price increase, the company didn’t have any news that explained its price hike in the week.

Resonant

Resonant seeks to transform the market for RF front-ends by disrupting the supply chain through a stream of solutions that leverage on its software tools platform and capitalise on its vast IP portfolio.

The company’s stock gained 35.62 percent to trade at US$3.16 as of 1.38 p.m. EST on Friday.

That said, Resonant didn’t have any news last week to relate to its share price increase.

SITO Mobile

SITO Mobile is third on our list with a 32.56 percent increase to its share price to reach US$1.54 as of 1.38 p.m. EST on Friday.

The mobile data technology company is focused on providing brands with customized data driven solutions with insights on media campaign delivery services.

Like others on the list, SITo didn’t have any news last week that explained its share price increase.

Bio-Key International

BIO-Key International is focused on biometric solutions for secure access to information and hike-stake transactions and positions itself as an alternative to passwords, pins and tokens.

On Thursday (January 24), the company announced a smart emergency notification system for schools using biometric data.

Shares of Bio-Key increased 29.21 percent in the week and settled to trade at US$1.16 as of 1.38 p.m EST on Friday.

Atomera

Atomera develops mears silicon technology for increased performance and power efficiency in semiconductor transistors. Last week, shares of the company rose 27.91 percent over the week to trade at US$3.85 as of 1:38 p.m. EST on Friday.

On Tuesday, Atomera announced that it would report its fourth quarter results and provide a business update on February 12, 2019.

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

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: Strong Week for the Index

By Bala Yogesh, January 20, 2019

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last Monday (January 14) at 6,899.96 points and settled to trade at 7,178.95 points as of 12:15 p.m. EST on Friday (January 18).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,821.99 points on Monday and settled to trade at 3,986.96 points at the same time on Friday.

On Tuesday (January 15), Nike (NYSE:NKEunveiled Adapt BB, a self-lacing shoe that can be controlled via a phone app. The company said that the shoe features a custom motor and gear train that senses the tension needed on the user’s foot and adjusts accordingly.

Spotify (NYSE:SPOT) on Monday announced a global distribution deal with T-Series, one of India’s largest music and film companies. Through the deal, over 160,000 songs will be available to all Spotify users.

The company said that more than 4 million users across the globe listen to Indian music content on its platform. Further, Spotify is targeting an estimated 30 million people of Indian origin living overseas in its major markets. It is also widely reported that Spotify is set to launch in India by end of the month.

Meanwhile, over 120 stocks in the small- and mid-cap categories gained in the week, including Resonant (NASDAQ:RESN), which rose 56.45 percent. The top five gainers of the week include:

  • Resonant
  • Gridsum Holding (NASDAQ:GSUM)
  • Nxt-ID (NASDAQ:NXTD)
  • AudioEye (NASDAQ:AEYE)
  • Identiv (NASDAQ:INVE)

Resonant

This company is focused on transforming the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions that build on its Infinite Synthesized Network.

Shares of Resonant settled to trade at US$2.56 as of 1:15 p.m. EST on Friday.

The company announced on Monday that it beat its stated milestone of 10 devices shipped for royalty revenues in 2018, which is more than double the devices that were shipped for royalty revenues in 2017.

Gridsum Holding

With a gain of 44.97 percent, Gridsum Holding is second on the list. It settled to trade at US$2.16 as of 1:15 p.m. EST on Friday.

The company is a provider of cloud-based big data analytics and artificial intelligence solutions for enterprises and government agencies in China.

On Monday, Gridsum received a letter from the NASDAQ stating that the company has regained its compliance with NASDAQ listing rules.

Nxt-ID

Nxt-ID, a company that provides solutions and services that enable the Internet of Things, is third on the list with its share price gaining 38.92 percent to settle at US$1.30 as of 1:15 p.m. EST on Friday.

The company shared multiple updates last week, including a partnership with Swatch to enable SwatchPay. The company announced on Wednesday (January 16) that the Garmin Pay ecosystem has expanded to 11 devices.

AudioEye

With a gain of 38.04 percent during the week, AudioEye is fourth on the list with its share price settling to trade at US$11.25 as of 1:15 p.m. EST on Friday.

The company is focused on servicing businesses that are engaged in providing equal access to digital content. AudioEye seeks to resolve issues of accessibility and enhances the user experience by making digital content more usable.

AudioEye said Tuesday that it will report its preliminary fourth-quarter and full-year results on January 22, 2019.

Identiv

Identiv, a provider of physical security and secure identification, takes the final spot on the list with a gain of 29.4 percent for the week.

The stock settled to trade at US$5.81 as of 1:15 p.m. EST on Friday. The company did not release any news that would explain its price hike in the week.

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

Data for 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 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.

Get the latest Data Investing stock information

Get the latest information about companies associated with Data Investing Delivered directly to your inbox.

Data Investing

Leave a Reply

Your email address will not be published. Required fields are marked *