5 Top Weekly NASDAQ Tech Stocks: CLPS Gains Over 100 Percent

- January 13th, 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 Monday (January 7) at 6,757.53 points and inched higher throughout the week to rest at 6,953.37 points as of 1:24 p.m. EST on Friday (January 11).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,718.23 points on Monday and settled to trade at 3,884.4 points as of 1:24 p.m. EST on Friday.

The major highlights of the week were from the ongoing CES gathering, where over 4,000 exhibiting companies unveiled new products in an array of fields, including virtual reality, augmented reality, 5G and self-driving cars.

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On Tuesday (January 8), Google (NASDAQ:GOOGLannounced improvements to its Google Assistant, which can now connect more devices and will also be available on Google Maps.

While Apple (NASDAQ:AAPL) itself was not present at CES, Samsung (KRX:005930), LG (KRX:066570) and Vizio announced that their television sets will support Apple’s AirPlay.

That said, last week wasn’t only about big companies as over 166 companies in the small- and mid-cap space gained, including CLPS Global (NASDAQ:CLPS), which rose 114.18 percent. The five top risers on the NASDAQ last week were:

  • CLPS
  • USA Technologies (NASDAQ:USAT)
  • Windstream Holdings (NASDAQ:WIN)
  • Kopin (NASDAQ:KOPN)
  • GSI Technology (NASDAQ:GSIT)

CLPS

The information technology consulting and solutions provider gained the most in the week, with its share price settling to trade at US$5.38 as of 2:11 p.m. EST on Friday.

CLPS serves as a solutions provider to its clients in the financial industry, including institutions in the US, Europe, Australia and Hong Kong. The company didn’t make any major announcements that would explain its price hike in the week.

USA Technologies

With a gain of 28.28 percent last week, USA Technologies is second our list. Its share price settled to trade at US$5.08 as of 2:11 p.m. EST on Friday.

The company is engaged in end-to-end electronic payments, as well as machine-to-machine and Internet of Things solutions for the small-ticket retail market, which is transitioning to cashless payments.

USA Technologies did not announce any major news that would explain its share price hike last week.

Windstream Holdings

WindStream Holdings, a company that provides advanced network communications and technology solutions, is third on last week’s list.

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On Monday, the company announced that it will expand its Kinetic Fiber Internet Services to approximately 100,000 locations across 16 states in the US in 2019. The company said that the service has the capability to provide speeds of up to 1 gigabit.

Windstream gained 27 percent during the week and settled at US$3.18 as of 2:11 p.m. EST on Friday.

Kopin

Kopin, a company focused on wearable technologies for training and simulation, gained 25 percent last week and settled to trade at US$1.43 as of 2:11 p.m. EST on Friday.

The company said Monday that its Golden-i Infinity Wearable has been gaining momentum, with over 100 organizations signing up to pilot the smart glass platform.

Kopin said that the company has several Fortune 500 companies in an array of fields, including oil and gas, wireless telecom, logistics and manufacturing, as part of its evaluation program.

GSI Technology

With a gain of 19.22 percent last week, GSI Technology takes the final spot on our list. It settled to trade at US$6.76 as of 2:11 p.m. EST on Friday.

The company is a provider of memory solutions for networking and telecommunications and is a developer of associative processing units, a parallel computing solution.

GSI Technology announced on Monday that it will be taking part in the Needham Growth Conference in New York on January 15.

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.

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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: Small- and Mid-cap Companies Gain

By Bala Yogesh, January 6, 2019

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (December 31) at 6,649.52 points and settled at 6,753.98 points as of 1.13 p.m. EST on Friday (January 4).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,725.04 points and settled at 3,714.22 points as of 1.13 p.m., EST on Friday.

One of the major story of the week has been the letter from Apple’s (NASDAQ:AAPL) CEO Tim Cook to investors on Wednesday (January 2) where the company cut the revenue forecast for the first time in close to two decades. Apple’s shares fell 10 percent on Thursday (January 3), its biggest drop in six years which led to markets around the world to trade lower.

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Cook cited the Chinese economy and fewer people around the world upgrading iPhones as the reason for the revision of the company’s outlook. However, experts indicate that the rise of competition especially from Chinese manufacturers as one of the reasons for people not buying the new iPhones.

In terms of small and mid-cap companies, over 197 stocks gained in the space including One Horizon Group (NASDAQ:OHGI) with its stock gaining 80.33 percent in the four day trading period. Other companies that gained in the week include:

  • One Horizon Group
  • Resonant (NASDAQ:RESN)
  • Integrated Media Technology (NASDAQ:IMTE)
  • IZEA (NASDAQ:IZEA)
  • SITO Mobile (NASDAQ:SITO)

Here’s a closer look at these companies and what moved their stock prices in the week.

One Horizon Group

The company engaged in the media and digital technology acquisition space gained the most in the week with its stock trading at US$0.13 as of 1.30 p.m. EST on Friday.

One Horizon Group owns Love Media House, a full service music production; Horizon Secure Messaging, a secure messaging business and Banana Whale Studios, ga gaming software development company.

However, the company didn’t provide any significant updates that explained its share price hike in the week.

Resonant

Resonan is a company that aims to disrupt the RF front-end supply chain through the delivery of solutions that builds on its software tools platform.

Shares of Resonant gained 65.08 percent in the week and settled to trade at US$1.57 as of 1.30 p.m. EST on Friday.

The company announced on Thursday that it has expanded its relationship with its largest Tier 1 customer. Resonant said that the new agreement covers designs for wafer-level packaged filter for modules that includes carrier aggregation operation.

Integrated Media Technology

With a gain of 56.75 percent in the week, Integrated Media Technology is third on our list with its stock settling to trade at US$8.01 as of 1.30 p.m. EST on Friday.

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The company is engaged in the investment, development and commercialization of visual technology with a focus on glasses-free 3D display technology.

Integrated Media Technology did not provide any significant news that explained its share price hike in the week.

IZEA

IZEA is engaged in the premier online marketplace that connects brands and publishers with content creators.

Shares of IZEA gained 53.66 percent in the week and settled to trade at US$1.26 as of 1.30 p.m., EST on Friday.

The company announced on Friday that it had appointed Chris Staymates as its chief technology officer.

SITO Mobile

With a gain of 38 percent in the week, SITO Mobile took the final spot on our list with its stock settling to trade at US$1.16 as of 1.30 p.m.,EST on Friday.

The company is involved in the mobile data technology space and provides brands customized, data-driven solutions delivering strategic insights and media campaign delivery services.

SITO Mobile announced on Wednesday that it has appointed Matt Murphy as VP of product marketing.

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.

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