TOI, VXTR & QUIS: 3 TSXV tech stocks to watch for future gains

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TOI, VXTR & QUIS: 3 TSXV tech stocks to watch for future gains

TOI, VXTR and QUIS: 3 junior tech stocks to watch for future gains
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Highlights

  • The Canadian technology sector continues to lag behind other sectors, with the S&P/ TSX Capped Information Technology Index plummeting by over 35 per cent YTD
  • These TSXV stocks recorded growing revenue in their latest quarter and reported some business developments
  • The VXTR stock climbed by over 45 per cent in the past nine months

The Canadian technology sector continues to lag behind other sectors, with the S&P/TSX Capped Information Technology Index plummeting by over 35 per cent year-to-date (YTD). However, tech stocks could be an interesting option when talking about the long-term perspective.

Following are three junior tech stocks that investors can consider for future gains. Notably, these TSXV stocks recorded growing revenue in their latest quarter and reported some business developments.

Topicus.com Inc (TSXV: TOI)

Topicus.com Inc recently acquired a majority stake of 72.68 per cent in a Poland-headquartered software firm, Sygnity S.A., through its subsidiary, Total Specific Solutions.

Topicus.com reported a top line growth of 13 per cent year-over-year (YoY) in Q1 FY2022. The vertical market software (VMS) company saw its cash flow from operations increased by 10 per cent YoY in the latest quarter.

The mid-cap technology company saw its stock plunge by nearly 17 per cent in 12 months. The Relative Strength Index (RSI) denotes if any stock is facing a bullish or bearish market trend. For Topicus.com, the RSI value stood at 31.1 on May 20 as per Refinitiv, which may mean it is marginally above being undervalued.

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Voxtur Analytics Corp (TSXV: VXTR)

Voxtur Analytics Corp is a small-cap firm providing data analytics solutions to the real estate sector. The software firm saw its revenue at C$ 38.77 million in Q4 2021, denoting a YoY surge of 57 per cent. The firm also acquired Benutech Inc during Q4 2021 to expand its database and increase recurring revenues.

The VXTR stock climbed by over 45 per cent in the past nine months. According to Refinitiv findings, VXTR’s RSI value stood at 35.9 on May 20, below 30 is usually considered undervalued.

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Quisitive Technology Solutions Inc (TSXV: QUIS)

Quisitive Technology Solutions received certification for the Microsoft Cloud Security Advanced Specialization on May 4. The tech company posted US$ 33.3 million in revenues in Q4 2021, marking a YoY rise of 155 per cent.

Quisitive Technology also improved gross profit to US$ 13.5 million for Q4 2021, up 141 per cent from a year ago. The tech firm’s debt-to-equity ratio of 0.42 says that it mainly finances from its equities.

The QUIS stock slumped by about 61 per cent in a year, and its trajectory shows that it is currently on the brink of being undervalued.

TOI, VXTR and QUIS: 3 junior tech stocks to watch for future gains

Bottom line

Notably, stocks of Voxtur Analytics are trading in the green territory. Also, these TSXV tech stocks are expanding their operations despite the tech sell-off. Hence, investors can consider them. However, a copious amount of research is merited before parking any money.

Please note, the above content constitutes a very preliminary observation based on the industry, and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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