Will These IT Stocks Retain Their Upward Trend - APX, LVT, SMX?

  • Apr 27, 2019 AEST
  • Team Kalkine
Will These IT Stocks Retain Their Upward Trend - APX, LVT, SMX?

Most of the IT companies in Australia serve both domestic and international clients with the projects varying from machine learning, artificial intelligence, IoT, software development and testing, maintenance of applications in the banking and financials, education, healthcare, defence, etc. With the faster adoption of new software platforms and technologies, the relevance of the IT sector will only see daylight in the coming times. Three important stocks of this sector are Appen Limited (ASX: APX), LiveTiles Limited (ASX: LVT) and Security Matters Limited (ASX: SMX). Let's see how these stocks are performing based on their recent updates and stock performance.

Appen Limited (ASX: APX)

Appen Limited (ASX: APX) is engaged in providing quality data solutions for artificial intelligence and machine learning applications for auto manufacturers, government agencies and global technology companies. In a recent update, the group announced a change in the director’s interest, where Ms. Deena Shiff acquired 203 ordinary shares at $21.5 per share to take final holdings to 50,432 shares. In its FY18 results, APX reported revenue of $364.3 million, underlying EBITDA of $71.3 million, and profit before tax of $56 million.

On the stock information front, at market close on 26th April 2019, the stock of Appen was trading at $24.980, down 1.46% with a market capitalisation of $3.07 billion. Its current PE multiple stands at 64.59x, and its last EPS was noted at A$0.393. The group’s annual dividend yield has been noted at 0.32%. Today, it reached day’s high at $25.35 and day’s low at $24.63, with a daily volume of 594,695. Its 52 weeks high price stands at $26.03 and 52 weeks low price at $9.26, with an average volume of 972,581. Its absolute return for one year, six months and three months are 164.06%, 135.81% and 62.50%, respectively.

LiveTiles Limited (ASX: LVT)

Australia-based company, LiveTiles Limited (ASX: LVT) offers the digital workplace platform. Its customers are spread throughout North America, the UK, The Middle East, Europe, and the Asia Pacific. The company recently announced the launch of intelligent visual search and analytical tool in partnership with Oxford University. In another update, the company reported an increase in the annualised recurring revenue (ARR) from $11.2 million as at 31 March 2018 to $34.5 million as on 31st March 2019. The group’s key objective is to grow ARR organically to at least $100 million by 30 June 2021.

On the stock information front, at market close on 26 April 2019, the stock of LiveTiles was trading at $0.560, with a market capitalisation of $375.51 million. Today, it reached day’s high at $0.580 and day’s low at $0.56, with a daily volume of 938,577. Its 52 weeks high price stands at $0.755 and 52 weeks low price at $0.275, with an average volume of 1,421,062. Its absolute return for one year, six months and three months are 33.72%, 47.44% and 45.57%, respectively.

Security Matters Limited (ASX: SMX)

Security Matters Limited (ASX: SMX) is engaged in the development and commercialisation of track and trace technology for a wide variety of industries. The company recently announced its patent application (technology developed by SMX) filed in the USA, related to the identification and classification of minerals, precious stones and diamonds. In another update, the group announced the successful completion of placement to institutional and sophisticated investors, raising $6 million, at 2.5x the IPO price. In the annual report, the company reported an increase in its revenue from ordinary activities from US$6,114 in FY2017 to US$40,382 in FY2018. Its loss from the ordinary activities after tax attributable to members increased from US$3,053,046 in FY2017 to US$4,032,794 in FY2018.

On the stock information front, at market close on 26th April 2019, the stock of Security Matters was trading at $0.405, down 4.706%, with a market capitalisation of $45.71 million. Today, it reached day’s high at $0.425 and day’s low at $0.400, with a daily volume of 101,368. Its 52 weeks high price stands at $0.76 and 52 weeks low price at $0.20, with an average volume of 310,001. Its absolute return for six months and three months are -27.97% and 39.34%, respectively.


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