5 Top Weekly NASDAQ Tech Stocks: Sphere 3D Gains in Quiet Week

- November 18th, 2018

Which NASDAQ tech stocks gained the most last week? Sphere 3D, Xpresspa Group, Attis Industries, Red Violet and Avid Technology were the biggest risers.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (November 12) at 7,364.05 points and dipped through the week until Thursday (November 15). The index recovered on Friday (November 16) and settled at 7,205.37 points as of 1.42 p.m. EST.

However, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a different script this week with the index starting at 3,944.58 points on Monday and reached its high on Thursday when it touched the 4,000 mark. The index settled at 3,955.31 points as of 1.42 p.m, EST on Friday.

One of the major news story of the week was Amazon (NASDAQ:AMZN) finally selecting the cities for its second headquarters. Dubbed as HQ2 by Amazon, the company has been pondering on numerous cities for more than a year on its second headquarters location.

On Tuesday (November 13), the company announced that it is splitting the headquarters in the states of New York and North Virginia with multiple sites in Arlington and Long Island in New York as the locations. It was also said that benefits package that was promised by Amazon would be split between the two locations.

Meanwhile, over 40 companies in the small and mid-cap categories gained in the week including:

  • Sphere 3D (NASDAQ:ANY)
  • Xpresspa Group (NASDAQ:XSPA)
  • Attis Industries (NASDAQ:ATIS)
  • Red Violet (NASDAQ:RDVT)
  • Avid Technology (NASDAQ:AVID)

Sphere 3D

With a 44 percent increase in its stock price during the week to US$2.76 as of 2:22 p.m. EST on Friday, Sphere 3D tops our five top weekly NASDAQ tech stocks list.

Sphere 3D is engaged in delivers containerization, virtualization and data management solutions via cloud.

On Wednesday (November 14) the company announced that it has completed the divestitured of its subsidiary Overland Storage.

Xpresspa Group

Although this company’s primary business is health and wellness, Xpresspa Group’s non-core assets include Infomedia, a provider of monetization technologies to mobile carriers and device manufacturers.

The company announced on Wednesday a strategic partnership with Calm, a provider dedicated to sleep, meditation and relaxation. Further, the company announced its third quarter results where it reported that it has narrowed its adjusted EBITDA losses for three consecutive years.

Xpresspa Group was trading at US$0.18 as of 2.22 p.m., EST on Friday, representing a 14.35 percent increase over the five-day trading period.

Attis Industries

Third on the list is Attis Industries, a holding company focused on developing and businesses in numerous verticals of technology including cleantech.

Shares of the company gained 14.31 percent in the week and settled to trade at US$0.25 as of 2.22 p.m. EST on Friday.

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

Red Violet

Red Violet is engaged in analytics platform in a bid to transform data into intelligence. Over the five-day trading period, shares of the company increased 13.62 percent to trade at US$6.83 as of 2.22 p.m. EST on Friday.

One of the company’s subsidiaries, Forewarn, was in the news last week thanks to partnership agreements with Southeast Alabama Association of Realtors and Southwestern Michigan Association of Realtors.

Avid Technology

Avid Technology, a company that has solutions for media and entertainment industry is last on our five top weekly NASDAQ tech stocks list.

The company’s shares increased 12.72 percent to trade at US$6.38 as of 2.22 p.m. EST on Friday.

On Monday, Avid Technology announced that Miami HEAT has picked Avid solutions for its production workflow with them using Avid’s MediaCentral platform for producing content.

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: Attunity Gains 40 Percent

By Bala Yogesh, November 11, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (November 5) at 7,344.08 points and  reached a high of 7,571.66 points on Wednesday (November 7). The index slightly dipped in the following days to settle at 7,393.70 points as of 1.11 p.m. EST on Friday (November 9).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 3,966.10 points on Monday and had a high of 4,092.61 points on Thursday (November 8). However, the index faced a slight dip on Friday as it settled at 3,972.72 points as of 1.18 p.m EST.

A major tech highlight of the week was Samsung (KRX:005930) unveiling its foldable phone, a device which has been teased by the company for quite sometime now. Samsung unveiled the device on Wednesday at its developer conference which would be officially supported by Google (NASDAQ:GOOGL). Several companies including the likes of Microsoft (NASDAQ:MSFT), Lenovo (HKG:0992), Xiaomi (HKG:1810) and LG (KRX:066570) might also launch similar devices in the near future.

On the small and mid-cap side, over 83 companies made gains in the five day trading period with the top gainers including:

  • Datawatch (NASDAQ:DWCH)
  • One Stop Systems (NASDAQ:OSS)
  • Ceragon Networks (NASDAQ:CRNT)
  • Akoustis Technologies (NASDAQ:AKTS)
  • Integrated Media Technology (NASDAQ:IMTE)

Datawatch

The company that topped the charts with a 35 percent increase over the week is Datawatch, a provider of enterprise data preparation, predictive analytics and visualization solutions.

Altair (NASDAQ:ALTRannounced on Monday the signing of a definitive merger agreement to acquire Datawatch for US$176 million. It was said that Altair would pay US$13.10 per share in cash and that the transaction was unanimously approved by boards of directors of both companies. Subsequently, Datawatch on Tuesday (November 6) cancelled its fourth quarter results and full year conference calls.

Shares of Datawatch were trading at US$13.10 as of 2.10 p.m. EST on Friday.

One Stop Systems

One Stop Systems, a company that designs and manufactures high performance computers including customized servers and other products, emerged second on our top weekly NASDAQ tech stocks.

The company announced on Wednesday that it had won four major OEM design-ins on a array of products. Furthermore, OSS announced on Thursday its third quarter results where it reported that its revenues were up 45 percent.

Shares of One Stop Systems were trading at US$3 as of 2.10 p.m. EST on Friday representing a 28 percent increase in the week.

Ceragon Networks

With a 24.57 percent increase in the week, Ceragon, a company that specialises in wireless backhaul technologies, occupies the third sport.

The company announced on Monday its third quarter results where it reported revenue increase of 13.9 percent as compared to the same period the year previous.

Cergaon was trading at US$4.31 as of 2.10 p.m. EST on Friday.

Akoustis Technologies

Akoustis Technologies, a company that is a manufacturer of patented bulk acoustic wave (BAW) is fourth on the list.

Shares of Akoustis gained 23.54 percent in the week and were trading at US$4.67 as of 2.10 p.m. EST on Friday.

The company provided on Monday a management update where it announced that its CFO John Kurtzweil would be leaving Akoustis. It was clarified that Kurtzweil was not leaving the company due to any disagreements with the company and that it has appointed Kenneth Boller as an interim CFO.

Integrated Media Technology

IMTE, a company engaged in the development and commercialization of visual technology with a focus on glasses free 3D display technology takes the final spot on the list.

The stock with gains of 23.28 percent in the week was trading at US$7.06.

However, the company did not published any updates that could explain its price hike over 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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