5 Top Weekly NASDAQ Tech Stocks: Digital Ally Gains 31 Percent

- September 23rd, 2018

Which NASDAQ tech stocks gained the most last week? Digital Ally, Optical Cable, One Stop Systems, Netlist and Turtle Beach emerged as the top gainers for the week.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 7,992.21 points on Monday (September 17) and gained through the week to settle at 8,017.30 points as of 1.01 p.m, EST on Friday (September 21).

The NASDAQ Technology Index (INDEXNASDAQ:NDXT) started last week at 4,294.68 points and settled at 4,325.36 points as of 1.07 p.m, EST on Friday.

One of the major stories of the week was from Amazon (NASDAQ:AMZN) who hosted a event on Thursday (September 20) where they showcased Echo and Alexa integrated products. A standout product from the event was a US$60 Alexa powered microwave which also has a Dash button for popcorn.

Meanwhile in Vancouver, over 70 companies exhibited their stalls at the Extraordinary Future Conference that showcased the hottest trends in a number of technology verticals, including blockchain, as well as, cannabis.

The two-day conference was home to several talks and presentations from companies as they did their best to woo potential investors. The Investing News Network (INN) was present at the event and we have a recap of both the day one and day two events for those who missed it. Stay tuned to INN for more coverage of the conference.

In terms of small and mid-cap companies, over 94 stocks gained through the week including the top gainer which witnessed a 31 percent increase in its share price over the five day trading period.

The stocks that gained the most through the week include:

  • Digital Ally (NASDAQ:DGLY)
  • Optical Cable (NASDAQ:OCC)
  • One Stop Systems (NASDAQ:OSS)
  • Netlist (NASDAQ:NLST)
  • Turtle Beach (NASDAQ:HEAR)

Here’s a closer look at those companie and what may have moved their share prices.

Digital Ally

The company engaged in manufacturing and marketing advanced technology products for law enforcement gained the most in the week and was trading at US$4.15 as of 1.07 p.m. EST on Friday.

However, the company did not have any meaningful updates that would explain its share price increase in the week.

Optical Cable

Coming in second is a company that gained over 25 percent in the week to trade at US$4.35 as of 1.07 p.m. EST on Friday.

OCC is a company that deals with a broad range of fiber optic and copper data communication cabling and connectivity solutions for enterprise market and speciality markets.

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

One Stop Systems

Slotting itself in the middle of the pack is a company that gained 19.75 percent in the past week to reach US$4.24 as of 1.07 p.m. EST on Friday.

One Stop Systems (OSS) designs and manufactures high performance compute accelerators, flash storage arrays and customized servers for deep learning, artificial intelligence and other applications.

On Wednesday (September 19), the company announced that its cloud partner SkyScale will demonstrate the world’s highest performance deep learning cloud platform at an AI summit in San Francisco.

Netlist

Another company that didn’t provide a meaningful update but saw its share price rise in the week was Netlist with the company shares increased 18 percent to trade at US$0.42 as of 1.07 p.m, EST on Friday.

Netlist is engaged in high performance SSDs and modular memory subsystems.

Turtle Beach

Grabbing the final spot on the list is Turtle Beach with its shares jumping 18 percent in the week to settle at US$22.32 as of 1.07 p.m EST on Friday.

On Monday, Turtle Beach, a company engaged in headsets that are specifically targeted at gaming community, launched its Elite Pro 2 gaming audio system at the retail stores. The new product, as per the company is designed in collaboration with ‘leading Esports teams’.

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: Beyond Apple’s Announcements

By Bala Yogesh, September 16, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 7,939.57 points on Monday (September 10) and inched up throughout the week to settle at 8,003.26 points as of 1.38 p.m. EST on Friday (September 14).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week off at 7,466.76 points and settled at 7,538.34 points as of 1.45 p.m.,EST on Friday.

Of course, the high profile news was Apple (NASDAQ:AAPL) announcing the launch of its three new iPhones on Wednesday (September 12) with the phones priced between US$749 and US$1,449 depending on the model and the configuration.

On the same day, Google (NASDAQ:GOOGL) issued a release that said that Inbox by Gmail which added new features and experiments will be shut down at the end of March 2019.

In the small and mid-cap categories, over 74 stocks gained in the week with My Size (NASDAQ:MYSZ) emerging as a top gainer with 67.67 percent increase. The other stocks that increased the most last week include:

  • My Size
  • THE9 (NASDAQ:NCTY)
  • Rimini Street (NASDAQ:RMNI)
  • Coda Octopus Group (NASDAQ:CODA)
  • Netlist (NASDAQ:NLST)

Here’s a closer look at those companies and what may have moved their share prices.

My Size

The company that topped the charts, My Size, issued two updates on Thursday (September 13), with the most crucial one being the notice of delisting or failure to satisfy the continued listing rule with NASDAQ Standards. My Size has been given 180 days from September 6 to ensure it maintains a US$1 per share minimum bid price.

The company has a proprietary technology which is driven by algorithms through which it can calculate and record measurements.

My Size was trading at US$1.42 as of 2:02 p.m. EST on Friday.

THE9

The internet company based in China — and which has also stepped into the blockchain sector, apart from operating and developing proprietary mobile games — increased 27.93 percent over last week’s trading period. As of 1:52 p.m. EST on Friday, THE9 was trading at US$1.44.

However, the company had no related news over the course of last week’s trading period that would describe its rising share price.

Rimini Street

Another company that gained over 27 percent in the week is Rimini Street who are engaged in enterprise software products and services. The company is also a third party support provider for both Oracle (NYSE:ORCL) and SAP’s (NYSE:SAP) software products.

As of 2:05 p.m. EST on Friday, shares of Rimini Street were trading at US$6.63. Like others on the list, the company hasn’t provided any news that explained its share price increase in the week.

Coda Octopus Group

Coda Octopus is a company that specializes in underwater technologies and has a patent for real-time 3D sonar technology.

Shares of Coda rose 26.68 percent over last week’s trading period to reach US$5.38 as of 2:16 p.m EST on Friday.

On Monday, the company announced a new fourth generation 4G performance pack update for its existing users of Echoscope device, which may have catapulted its share price over the week.

Netlist

Taking the final spot on the list is Netlist, announced on Wednesday the pricing of its US$10 million registered offerings.

The company, which is engaged in high performance SSDs and modular memory subsystems, said it will issue 22.22 million registered shares of common stock at a purchase price of US$0.45 per share.

Shares of Netlist increased 22 percent throughout the week to trade at US$0.34 as of 2:24 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.

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