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Highlights
- Of the stocks mentioned below posted the highest one-year return was 650 per cent.
- The highest ROE among the companies in this list was 381.55 per cent.
- One of these companies integrated with Shopify to deliver an AI-based platform for retailers.
The need for automation and the ability to provide real-time data intelligence software is on the rise. In many industries, software-written codes are replacing humans. The concept of machine learning (ML) and artificial intelligence (AI) can forecast and handle extensive data within fractions of a second.
On this note, let us explore some AI-VR stocks, services, and solutions used across industries.
- GoldSpot Discoveries Corp. (TSXV:SPOT)
This company develops software driven by machine learning (ML) and Artificial Intelligence (AI). The software developed is used in the mining industry. GoldSpot Discoveries held outstanding shares of 121.47 million and a market cap of C$ 127.54 million on August 31, 2021.
The investors of this technology company enjoyed a price-to-earning (P/E) ratio of 4.0 and a return on equity (ROE) of 54.65 per cent.
The stock price was C$ 1.05 apiece at the market close on August 30, 2021. On this day, it traded 556 per cent above its 52-week low of C$ 0.16 (September 25, 2020). The stock price skyrocketed by 650 per cent over the past year.
In the second quarter of the fiscal year 2021, the consulting income was C$ 2.49 million, up 166 per cent on a Year-over-Year (YoY) basis. Its net income was C$ 12.71 million, an increase of 348 per cent YoY.
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- Fobi AI Inc. (TSXV: FOBI)
The C$ 199.33 million market cap company develops AI-driven solutions to be used by retail businesses. The AI solutions of Fobi AI are used to generate real-time marketing and sales decisions by retail brands.
The company held an ROE of 381.55 per cent on August 31.
The stock price closed at C$ 1.53 on August 30, which traded close to 629 per cent above its 52-week low of C$ 0.21 (September 4, 2020). Over the past year, the stock price rocketed by 500 per cent.
The senior leadership of Fobi AI commented that the company integrated with Shopify with the launch of the Fobi App. This App is a real-time tool driven by artificial intelligence to engage with customers of Shopify.
Also Read: Are these 10 global technology companies poised to grow in FY21?
- Spectra7 Microsystems Inc. (TSXV:SEV)
This semiconductor company uses the concept and applications of augmented reality and virtual reality in the industrial designs of electronics. Spectra7 Microsystems raised its initial public offering (IPO) on May 10, 2011, and got listed on the Toronto Stock Venture Exchange.
On August 31, the semiconductor company held a market cap of 40.14 million and an ROE of 49.6 per cent.
Stocks of Spectra7 at the market close on August 30 were priced at C$ 1.9. The stocks reached their 52-week high of C$ 3.75 on October 15, 2020. On a quarter-to-date (QTD) basis, it expanded by 52 per cent and by 90 per cent over the past year.
Spectra7 posted revenue of US$ 0.73 million in Q2 FY21, up 185 per cent YoY. Its EBITDA loss was US$ 0.93 million in the same quarter.
- Sangoma Technologies Corporation (TSXV:STC)
This technology company launched its IPO on July 28, 1995. Sangoma Technologies held 133.18 million outstanding shares and a market cap of C$ 426 million on August 31.
On the valuation front, the company posted an EPS of 0.06, P/E ratio of 53.3. Its ROE was 1.9 per cent and price-to-book (P/B) ratio was 0.9.
On February 9, 2021, the stock price of Sangoma reached its 52-week high of C$ 5.5, and it closed at C$ 3.2 on August 30. Within one year, the stock price returned 27 per cent, but on a year-to-date (YTD) basis, it dipped by nearly 10 per cent.
The sales posted by Sangoma was C$ 35.44 million in Q3 FY21, down 2 per cent YoY. Its EBITDA was C$ 6.63 million in the same quarter.
Also Read: 5 robotics stocks to buy in 2021
- Magnet Forensic Inc. (TSX:MAGT)
The company launched its IPO on April 28, 2021, and held a market cap of C$ 548.5 million on August 31. In valuation metrics, Magnet Forensic held a return on assets (ROA) of 7.91 per cent, ROE of 13.02 per cent, and P/B ratio of 22.26.
In Q2 FY21, Magnet Forensic posted revenue of US$ 16.5 million and net income of US$ 1.6 million. The revenue grew by 42 per cent YoY, whereas net income decreased by 45 per cent YoY in Q2 FY21.
The stock price of the company reached its 52-week low of C$ 20.91 on April 28, 2021. It expanded by 130 per cent on a QTD basis. On August 30, the stock price closed at C$ 58.81.
Bottom line:
Although artificial intelligence (AI) and virtual reality (VR) are increasing across sectors which saves human effort and time, the need for human judgment in crucial junctures can never be replaced.
