3 Tech Stocks That Are Plunging Heavily – WTC, APX and APT
Tech stocks in Australia are falling amid the technology stocks in the US went down sue to restrictions imposed on them and the rising bond yields.
Wisetech Global Limited (ASX: WTC) – The company has made $222 million in investment in innovation from FY14 to FY18. Also, posted a powerful revenue growth of 44% to reach $221.6 million. With a multi-year earn-out potential of up to $22.4 Mn, linked to business, product integration and revenue performance the purchase cost comprises $37.0 Mn upfront. RoE stood at 7.1% in 1HFY18 on the financial front, which is broadly in line against 1HFY17. Also, the share of Wisetech traded at very high PE level (132.010x) among its peer group with EPS at 0.139 AUD and the stock seems to be overvalued at current price. The stock of Wisetech Global Limited declined -10.463% to a market price of $16.430, the stock has witnessed a performance change of 91.15% over past 1 year. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Appen Limited’s (ASX: APX) – The expected annual global revenue for artificial intelligence products and services will grow a 57-fold increase over that time period from $643.7 Mn in 2016 to $36.8 Bn by 2025. The current ratio stood at 5.97x in 1HFY18, which are the drivers for the sustainable growth, given the backdrop of ongoing developments and strong fundamentals that involve expansions and new innovations. The company has a price to earnings ratio (P/E) of 64.470 and earnings per share (EPS) of 0.195 AUD which is positive and represents profits for the company. The stock of Appen Limited declined -10.287% to a market price of $11.250, the stock has witnessed a performance change of 125.95% over past 1 year.
Afterpay Touch Group Limited’s (ASX: APT) - The recent acquisition of Think Smart’s ClearPay did seem to interest investors for too long. Also, after the successful capital raising of $117 million in support of its international expansion plan. The company earnings per share (EPS) of -0.040 AUD which is negative and represents restricted profits for the company. Revenue and other income were up by 390% to $142 million with EBITDA increasing 468% to $34 million the company represent strong financial performance in turn lowering Afterpay losses and leveraging data at scale.
The stock of Afterpay Touch Group declined -11.054% to a market price of $13.760, the stock has witnessed a performance change of 260.61% over past 1 year.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.