7 rising tech stocks under US$49 – should you consider them?

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 7 rising tech stocks under US$49 – should you consider them?
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Highlights

  • Aehr Test Systems (NASDAQ: AEHR) stock’s trailing three-month price net change is US$19.02, and the YTD return is 879.8%.
  • Alpha and Omega Semiconductor Ltd. (NASDAQ: AOSL) stock’s three-month price net change is US$18.31.
  • Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) gave a 5% return YTD; its P/E ratio is 345.36.

The NASDAQ 100 Technology Sector Index (NDXT) rose around 10.21% in the last three months but fell 0.34% in the last five days amid rising inflation. The Index gave a 29.7% return Year-to-date. The sector recovered late last week as the 10-year Treasury yield slipped.

However, despite inflation concerns, tech stocks appeared resilient. Here we discuss seven tech stocks that saw the highest upward price change in the last three months. 

Aehr Test Systems (NASDAQ: AEHR)

Trailing three months price net change – US$19.02

YTD Return – 879.8%

The Fremont, California-based company offers testing systems for burning-in, and optical, logic, and memory integrated circuits for the semiconductor industry. The company has sold around 2,500 systems to chipmakers, assemblers, and test service providers since its inception in 1977. 

For the August quarter of 2021, its revenue was US$5.6 million compared to US$2.0 million in the same quarter a year ago. The net income was US$696 thousand compared to US$107 thousand in the previous year's August quarter.

Its market cap is US$658 million. The closing price was US$24.79 on Nov 12, 2021.

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Alpha and Omega Semiconductor Limited (NASDAQ: AOSL)

Trailing three months price net change – US$18.31

YTD return – 92.9%

The semiconductor company is based in Sunnyvale, California. It designs, develops, supplies power semiconductors. The portfolio includes approximately 2,400 products. 

In the quarter ended September 30, 2021, it added 17 new products to its portfolio. The company has a patent portfolio of 870 patents, 907 foreign patents, and 56 patent applications in the US at the end of the September quarter. 

For the September quarter of 2021, the company posted revenue and net income of US$187 million and US$23.4 million, respectively. The revenue was US$152 million, and net income was US$9.6 million for the same period a year ago. 

AOSL’s market capitalization is US$1.2 billion, the P/E ratio is 17.48, and the EPS is US$2.61. The stock closed at US$45.61 on Nov 12, 2021.

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Renren Inc. (NYSE: RENN)

Trailing three months price net change – US$17.36

YTD return – 478.4%

The Beijing-based company runs a used automobile business. It sells and finances used cars.

For the fiscal year ended Dec 31, 2021, the technology company revenue was US$18.1 million, and the net loss was US$19.2 million. In FY 2019, its revenue was US$15.08 million. Its market cap is US$662 million. The stock closed at US$27.59 on Nov 12, 2021.

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Grid Dynamics Holdings, Inc. (NASDAQ: GDYN)

Trailing three months price net change – US$14.33

YTD Return – 201.5%             

The San Ramon, California-based Grid Dynamics is an enterprise-level digital transformation services company. The company uses emerging technologies such as data science, cloud computing, AI, and DevOps to help organizations become more agile.

In the September quarter of 2021, its revenue was US$57.9 million compared to US$26.3 million for the same period a year ago. The net income was US$7.9 million or US$0.11 per share diluted against US$0.05 per share diluted in the 2020 September quarter.

It has a market cap of US$1.9 billion and a P/E ratio of 345.36. The stock closed at US$37.99 on Nov 12, 2021.

Also Read: Top semiconductor stocks to explore now as demand booms

Couchbase, Inc. (NASDAQ: BASE)

Trailing three months price net change – US$12.70

YTD return – 44.7%

The Santa Clara, California-based Couchbase provides a modern cloud database for enterprise applications. Its database offers enterprises to make their core application robust with a scalable platform. The company earns revenue from licenses, support, and services.

For the July quarter of 2021, it posted revenue of US$29.7 million compared to US$25 million in the same period last year. The net loss was US$14.4 million against a net loss of US$8.8 million in the July quarter of 2020.

Its market capitalization is US$1.9 billion. The stock closed at US$44.0 on Nov 12, 2021.

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Veritone, Inc. (NASDAQ: VERI)

Trailing three months price net change – US$12.42

YTD return – 19.8%

The Denver, Colorado-based Veritone Inc. is a cloud-based cognitive software company. Its AI platform unlocks cognitive computing and transforms audio, video, and structured data to generate actionable intelligence.

For the September quarter, it reported revenue of US$22.7 million, a 44% growth over the previous year. However, the total comprehensive loss was US$11.44 million compared to a net loss of US$11.00 million in the same quarter last year. Its current market cap is US$1.19 million. The stock’s closing price was US$34.08 on Nov 12, 2021.

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Source – Pixabay

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NAPCO Security Technologies, Inc. (NASDAQ: NSSC)

Trailing Three months price net change – US$10.19

YTD return – 76.7%

The company is based in Amityville, New York. It manufactures high-technology security products like fire alarms, access control, door locking systems, etc.

NSSC’s revenue was US$31 million for the September quarter of 2021 compared to US$23 million in the previous year. Its net income was US$7.7 million compared to US$2.3 million in the corresponding quarter last year. The company has a current market capitalization of US$848 million and a P/E ratio of 42. Its stock closed at US$46.34 on November 12, 2021.

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Bottomline

With the rising inflation, tech stocks may remain volatile in the coming months. Thus, investors must exercise due diligence before investing in stocks.

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