Micro Tech Stocks can be just as exciting as the big names. The tech industry is continuously evolving to deliver new and exciting gadgets and solutions to consumers. But it’s easy to be drawn towards the giants which produce our phones and computers. Here are some lesser-known firms making upward movements on the micro tech stocks list today.
Micro Tech Stocks: Blink Charging Co. (NASDAQ:BLNK)
Share price: $2.38 | 24h change: 14.42% | 52-week change: -72% | Market cap: $29.2M
Blink is a Florida-based firm providing leading electric car-charging technology to the US. The service operates similarly to a standard gas station in that you pull up, pay and go, except with a more digital twist. An electric vehicle user first provides Blink with their payment information via its online app, and can then proceed to ‘fill’ up their car with charge. In addition, the service runs on the cloud-based Blink Network which provides electric vehicle drivers with charger information and operates and maintains their charging stations. In recent news, the firm announced the installation of charging stations at Aventura Mall in Florida. Although the firm posts a weak year performance, prices are up today. Blink could be a cheap investment in the electric vehicle industry.
Micro Tech Stocks: Ambarella, Inc. (NASDAQ:AMBA)
Share price: $50.84 | 24h change: 10.16% | 52-week change: 0.25% | Market cap: $1.69B
Ambarella is posting a rocky year so far, particularly as it is going up against imposing firms such as Intel (NASDAQ:INTC) and NVidia (NASDAQ:NVDA) when it comes to chip development for self-driving cars. However, shares in the firm have been performing well this week – particularly today – reversing a downward trend since mid-March. Ambarella produces chips which deliver image processing, video compression and computer vision – useful in cameras, autonomous vehicles, and drones. On March 28th, the firm announced its CV2 camera chip, which provides 20 times the performance of its predecessor. This allows it to deliver “higher perception accuracy” – or see better. The firm also demonstrated its self-driving car on the streets of Silicon Valley the same day.
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Micro Tech Stocks: Globalstar, Inc. (NYSE:GSAT)
Share price: $0.8 | 24h change: 13.5% | 52-week change: -53.1% | Market cap: $1.02B
Satellite communication firm Globalstar is performing strongly this week, with share prices showing a smooth and continual upward curve since April 9th. Despite prices falling by over half from this time last year according to Yahoo statistics, Analyst Simon Flannery points out that the firm shows 24% year-over-year growth in the most recent quarter. In any case, stocks are well in the green right now. The firm operates mobile phones and satellites designed to receive satellite data signal even in places where cellular or landline communication is impossible. Globalstar has been quiet recently, last posting news on March 14th when it announced that University of Oldenburg researchers are using its satellite technology to monitor North Sea plastic pollution.
You never know which micro tech stocks could become the next big giant in the tech sphere. So keep your eyes on the market. From small acorns…
Featured image: Verve.ie
