5 Top Weekly NASDAQ Tech Stocks: Index Stays Flat After a High

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (December 10) at 6,959.63 points and reached its peak of 7,192.27 points on Wednesday (December 12). However, the index dipped in the following days to settle at 6,948.11 points as of 2 p.m. EST on Friday (December 14).

Meanwhile the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,811.99 points on Monday and reached its peak of 3,981.33 points on Wednesday. The index however dipped to settle at 3,858.11 points as of 2.04 p.m. EST on Friday.

Facebook (NASDAQ:FB) announced on Friday that it exposed up to 6.8 million users’ photos uploaded onto its network but not posted onto its platform to app developers. The company said that the expose also included photos uploaded onto its Stories platform.

On that note, over 50 stocks in the small and mid-cap category gained in the week including:

• HyreCar (NASDAQ:HYRE)
• Mitek Systems (NASDAQ:MITK)
• SGOC Group (NASDAQ:SGOC)
• Communications Systems (NASDAQ:JCS)
• Data I/O (NASDAQ:DAIO)

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

HyreCar

With a gain of 22 percent in the week, HyreCar topped the charts with its stock settling to trade at US$2.20 as of 2.15 p.m. EST on Friday.

The company is engaged in carsharing marketplace for ridesharing and operates in 50 states across the US along with the District of Columbia.

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

Mitek Systems

Second on the list is a company engaged in mobile capture and digital identity solutions. Shares of Mitek Systems settled to trade at US$10.55 as of 2.15 p.m. EST on Friday with a 17.61 percent increase.

Throughout the week, the company released multiple updates with the Securities and Exchange Commission (SEC), including the annual report.

SGOC Group

SGOC Group is engaged in the product design, distribution and brand development in the Chinese display, computer and virtual reality market. The company lands third on our five top weekly NASDAQ tech stocks list.

The company’s stock increased 14.33 percent and settled to trade in at US$1.05 as of 2.15 p.m. EST on Friday.

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

Communications Systems

Communications Systems takes the fourth spot on the list with a 10.45 percent increase to its stock to reach US$2.43 as of 2.15 p.m. EST on Friday.

The company is a provider of connectivity infrastructure and services for deployments of broadband networks.

Communications Systems announced on Friday the corporate restructuring and reduction of its quarterly dividend, stating the restructuring is expected to bring in US$2.5 million in annual cost savings.

Data I/O

Taking the last spot on our list is a company that provides advanced data programming and security provisioning solutions for flash-memory and flash based microcontrollers.

The company’s stocks gained 9.90 percent over the week to trade at US$5.55 as of 2.15 p.m. EST on Friday.

However, the company didn’t make any significant announcements that explained its share price 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.

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

5 Top Weekly NASDAQ Tech Stocks: Borqs Technologies Tops the List

By Bala Yogesh, December 14

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (December 3) at 7,486.13 points and inched down throughout the four day trading period to settle at 7,038.25 points as of 1.30 p.m. EST on Friday (December 7).

The NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a similar downward trajectory, starting the week on Monday at 4,134.75 points and settling at 3,854.38 points as of 1.32 p.m. EST on on Friday.

One of the major highlights of the week was the unveiling of Qualcomm’s (NASDAQ:QCOM) Snapdragon 855, which is set to power the majority of 2019’s flagship phones. The company said that the 855 platform supports multi-gigabit 5G, artificial intelligence and immersed extend reality.

Over 51 companies in the small and mid-cap category gained in the week with the Borqs Technologies (NASDAQ:BRQS) and Determine (NASDAQ:DTRM) continuing to hold their top two spots respectively on our list. Other top gainers include:

• Borqs Technologies
• Determine
• Top Image Systems (NASDAQ:TISA)
• Net Element (NASDAQ:NETE)
• DOMO (NASDAQ:DOMO)

Borqs Technologies

With a 50.78 percent increase, Borqs Technologies topped the charts with its stock settling to trade at US$3.86 as of 2.10 p.m. EST on Friday.

The company is engaged in software and products for Internet of Things, cloud service solutions and smart connected devices based on Android.

In a filing with the Securities and Exchange Commission, the company said that it along with its indirect wholly owned subsidiary, Borqs Beijing, have entered into a loan agreement with HHMC Microelectronics. The company said that HHMC would loan Borqs Beijing US$2.5 million without interest.

Determine

Second on the list is Determine, with a gain of 34.72 percent to settle at US$0.66 as of 2.10 p.m. EST on Friday.

The company is involved in Source-to-Pay and Enterprise Contract Lifecycle Management Cloud Platform Solutions.

On Monday, Determine announced that Boulanger, a French retailer engaged in home appliances, selected to implement Determine’s cloud based procure-to-pay solution.

Top Image Systems

Top Image Systems, a company engaged in on-premise and cloud based applications is third on the list.

The company’s stock gained 29.88 percent in the week and settled to trade at US$0.79 as of 2.10 p.m. EST on Friday.

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

Net Element

Net Element operates a payment-as-a-service platform for small and medium enterprises. The company gained 24.74 percent over last week’s trading period to US$8.54 as of 2.10 p.m. EST on Friday.

Net Element announced on Monday that it won two in categories at the ACQ5 Global Awards. The company said that it won the Payment Solution Provider of the year and Scale Up Company of the year categories.

DOMO

DOMO, a provider of cloud based operating system for business, takes the last spot with an 18.06 percent increase last week to US$19.09 as of 2:10 p.m. EST on Friday.

The company had a number of updates last week. On Thursday (December 6), DOMO announced its third quarter financial results where it highlighted a 30 percent year-over-year increase in its revenues. Further, DOMO reported a 29 percent increase in its billings in the same time period.

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.