Small cap stocks charged up: JXT, MDR, SM8

  • Jan 17, 2020 AEDT
  • Team Kalkine
Small cap stocks charged up: JXT, MDR, SM8

Small-capital companies with good business model can be a beneficial option for investors. These quality small capital stocks trade at a price comparatively below their fair value, with a high scope to grow in future. As small cap companies are low in valuation, thus, it becomes an easy target for the big companies to acquire them. Considering small-cap companies are more prone to volatility, they even fluctuate in the range of 2-5 percent within a day.

Performance of a few small cap stocks listed on ASX, as on 16 January 2020:

Let’s zoom at three small-cap companies - JXT, MDR, SM8 to figure out their stock performance correlating with the deals announced, recent activities and other prevailing factors.

Jaxsta Limited (ASX: JXT)

ASX-listed Jaxsta Limited (ASX: JXT) is a music company leveraging technology. It provides comprehensive information about music which are assembled from reliable sources and digitally stored. This platform provides information about ‘who’, ‘what’, ‘when’ and ‘where’ of the music stored in Jaxstas.

Launched in November 2019, Jaxsta Pro is the company’s paid product which provides advance features of chart alerts, dynamic linking to data search and much more. JXT headquarter is in Sydney and operations in Los Angeles, London and New York.

First commercial deal of Jaxsta Pro: On 16 January 2020, the company announced a deal signed with APRA AMCOS, according to which, the buyer company has bought 270 subscriptions to Jaxsta Pro for staff and ambassadors this year for $25,000 (excluding GST).

Further, both the parties have decided to collaborate and organise educational and promotional campaign to arrive at more than 100,000 members of APRA AMCOS.

Regarding this deal, JXT CEO and Co-Founder mentioned that:

As mentioned in the AGM Presentation report, released on 25 November 2019, the key achievements of JXT in 2019 includes:

  • To consolidate the data, the company has signed partnership with Universal Music Group, Sony Music Entertainment, Warner Music Group and Merlin.
  • Company has signed 31 data licensing agreements which covers ~ 90 percent of global music industry.

Stock Performance –

On 17 January 2020, the stock of JXT last traded at $ 0.16, moving down by 8.571 percent, compared to its previous closing price. The stock has delivered a positive return of -27.08 percent and -2.78 percent in the last six months and one-year span, respectively.

MedAdvisor Limited (ASX: MDR)

ASX listed company, MedAdvisor Limited (ASX: MDR) is a medication management platform enabling its users to more simply handle their medicines and enhance adherence. MDR has an extremely automated and intuitive software system connecting users to equipment and education supplies from their local pharmacy.

On 16 January 2020, the company announced that it has inked agreement for providing medication education programs to top 10 pharma companies worldwide. It is the second US deal in a row for MDR. MedAdvisor also mentioned that this would be executed by its strategic US partner, Adheris Health LLC. These 9-month long educational programs aim to educate patients. Also, these 4 pilot programs attributes to the total revenue of around $825,000.

The Company foresees for FY 2020 period:

On 29 August 2019, MDR released its full year results for the period ending 30 June last year, wherein the company’s Chairman mentioned the following:

  • In FY 2020, MDR is expecting revenues to come from three different markets which are newly explored, namely- Asia, UK and US;
  • The market in Australia remains to reflect substantial potential for growth using MDR’s product suite to reach more patients, pharmacies and such.

Stock Information –

On 17 January 2020, the stock of MDR last traded at $ 0.530, zooming upwards by 16.484 percent, compared to its previous closing price. The company has outstanding shares of around ~ 245.94 million and market capitalisation of nearly $ 111.9 million.

Smart Marine Systems Limited (ASX: SM8)

The Australian marine technology entity, ASX-listed, Smart Marine Systems Limited (ASX: SM8) is into the business of developing and commercialising products and services related to marine. Company’s portfolio includes: ?Clever Buoy™, Harvest Technology and Advanced Offshore Streaming.

Sudden rise in the stock price: On 16 January 2020, the company has been questioned by ASX regarding the increase in SM8 stock price in the intraday trading from low of $ 0.055 to the high of $ 0.07. To which, company along with all the directors have confirmed that they are unaware about any such information which led to the increase in security trading. Also, they assured that the company is abiding with all the rules required for listing on ASX.

Stock Performance –

On 17 January 2020, the stock of SM8 last traded at $ 0.069, falling down by 1.429 percent, compared to its previous closing price. The company has outstanding shares of around ~ 334.68 million. Also, SM8 has a market capitalisation of nearly $23.43 million, while the 52 weeks low and high price of the stock was noted at $ 0.012 and $ 0.070, respectively. The stock has delivered a positive return of 127.86 percent and 331.25 percent in the last six months and one-year span, respectively.

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