09 Mar 5 Exciting Stocks to Watch Out for in 2020
The Global Stock markets are currently facing the fallout from wide-spread pandemonium owing to the coronavirus scare. The outbreak has affected trade and services across the globe, with companies having to step back and access the full impact of the situation. However there are some companies that are impervious to the scare and offer a very attractive upside in the long run. We take a look at some of these companies that have excellent potential for growth and returns.
Instructure, Inc (NYSE: INST)
Market Cap: $1.87B Current Share Price: 48.69 USD
Data by YCharts
The Company uses a SaaS model for providing learning, assessment and performance management systems worldwide. Instructure offers products and services in the Higher Education, K12 and Corporate space. It has more than 4000 customers ranging from Ivy league schools to corporate such as Harvard, Brown, Indiana University, Dartmouth, Swift, Stubhub, BBB and slack to name a few.
The Company’s Canvas studio is a next generation, interactive, video centric medium of learning that helps learners and instructors share feedback on the video timeline in real-time, enabling faculty to create interactive videos that encourages even reticent learners from sharing feedback, and contributing to the learning process. The system uses advanced data analytics to understand the impact of the videos and gauge audience interest. From a student’s perspective it allows them to upload project videos and obtain faculty and peer feedback using tools such as SpeedGrader. There is an option to assess students by creating quizzes, the feedback from which is then transferred to the Canvas GradeBook.
Instructure also offers employee engagement and development programs through BRIDGE, and fosters continuous learning, performance enablement, peer learning and career development. The platform is an integrated and personalized development solution for employee that offers actionable insights and promotes positive outcomes. In addition, it can be used to deliver scalable, effective and engaging learning programs that can be accessed anytime, anywhere through the convenience of a mobile app.
AeroVironment (NASDAQ: AVAV)
Market Cap: $1.47B; Current Share Price: 61.15 USD
Data by YCharts
AeroVironment has developed a portfolio of small, unmanned aircraft systems (UAV’s) that address the need for tactical intelligence, surveillance and reconnaissance (ISR) to people working in areas such as military, security and emergency services. The Company manufactures Puma™ AE, Raven® and Wasp® AE, tactical UAV’s that work with advanced payload of electro-optical or infrared sensors to wirelessly transmit crucial information to portable ground control systems (GCS).
The systems can be assembled from scratch in less than five minutes and require minimal training to launch operate from a hand-held device. The systems are powered using electric motors, with replaceable modular battery packs that are easily changeable and user–friendly, leading to an efficient and uninterrupted service. The system allows for manual or predetermined GPS-based autonomous navigation using operator-designated waypoints. These systems are durable, efficient and reliable and have less training time and costs as compared to conventional systems.
The Company’s products include VAPOR Helicopter systems, known for its best-in-class performance, endurance and payload flexibility, indicated for defense, commercial and industrial applications. In addition it manufactures LRTA (Long Range Tracking Antenna System) that offers long-range command and control of an aircraft along with features such as payload, video display and recording, mission planning, real-time moving map display, status information, and high-resolution image capture. Furthermore it has a range of UAS, namely RQ-11B Raven®, Wasp® AE RQ-12A and Puma™ 3 AE.
In June 2019, the Company acquired Pulse Aerospace, LLC, for $25.7 million in cash, including milestone-based payments of $5 million. This is a strategic move that will help AeroVironment strengthen its family of fixed-wing small unmanned aircraft systems (UAS), by leveraging Pulse expertise in small VTOL UAS technology in the United States. Its proprietary HeliSynth™ technology offers flight control, payload, and endurance capabilities to both defense and commercial end markets. The company recently received a $13 million multi-year contract award from an undisclosed defense customer for its Vapor unmanned VTOL systems, spares and services.
Co-Diagnostics (NASDAQ: CODX)
Market Cap: $321.17M; Current Share Price: 12.89 USD
Data by YCharts
Co-Diagnostics develops innovative and cost-effective molecular detection tests for infectious diseases, liquid biopsy for cancer screening and agricultural applications. The Company’s advanced detection technology is enabling improved disease detection and life science research through identification of genetic material. Its patented Polymerase Chain Reaction (“PCR”) testing technology has been commercialized to quickly develop novel and cost-efficient molecular diagnostic tests that offer improvements over existing conventional methods.
The technology has broad applications in areas such as multiplexing, single nucleotide polymorphism (SNP) and mutation detection, real-time or traditional PCR detection, genotyping, RNA expression, and Sanger or next generation sequencing as per the Company. The Company intends to explore the application of its patented technology in numerous disciplines like infectious disease, oncology, transfusion medicine, pharmacogenetics, therapeutics, liquid biopsy, agriculture, or veterinary medicine.
The Company recently announced the successful initial verification of its screening test, used for detecting the presence of the novel coronavirus. The polymerase chain reaction (PCR) screening test will soon be available for validation and distribution across the globe. The Company is using its patented platform to develop a reliable diagnostic test, which can confirm the presence of the virus with false positives or negatives.
The technology enables researchers to quantify and analyze rare alleles and mutations, including unique, accelerated, ultra-specific attributes. The platform is increasingly adopted by leading companies to improve the accuracy of their next generation sequencing and offer multiple advantages such as reduced costs, improved speeds, higher productivity and most importantly accurate detection and amplification of genetic materials.
The Company has entered into strategic collaborations such as with Asence Inc, which has a joint venture agreement with Synbiotics Ltd, a group company of Asence Inc. for manufacturing. In addition the Company has granted exclusive manufacturing rights to CoSara in India, and has a one-of-its-kind 2,500 sq ft Good Manufacturing Practices (GMP) facility in Ranoli India, for making in vitro diagnostics designated for clinical use.
Blink Charging (NASDAQ: BLNK)
Market Cap: $65.53M; Current Share Price: 2.49 USD
Data by YCharts
Blink is one of the largest operators and a pioneer of Electric Vehicle charging stations in the U.S, committed to reducing greenhouse gas emissions released by transportation. The Company has over 15,000 charging stations across the U.S. The primary business of the Blink is Blink EV Charging Network, EV Charging or Supply Equipment (EVSE) and Charging Services.
The Blink Network is a proprietary cloud-based that keeps track of all EV charging stations connected to the network along with their charging data. The service allows for the remote monitoring and management of EV charging stations, payment processing, EV charging station location directions, availability, and applicable fees and caters to a host of interested parties such as businesses, property owners and property managers.
The Company enters into agreements for establishing and maintaining EV charging stations by offering flexible business models, in which the Company owns, operates and takes care of the maintenance of the equipment, while sharing a percentage of EV charging revenue with the property owner. In addition it allows the property owners to purchase, own and operate EV charging stations.
The Company has strategic partnerships with airports, automobile dealers, healthcare /medical institutions, hotels, residential facilities, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations as per the Company.
Blink which was initially known as “Car Charging Group Inc” on its inception in 2009, acquired three EV charging service providers namely 350Green and Beam Charging in 2013, to become the largest EV charging service provider in the U.S. Blink network and the Blink EV charging assets were acquired from ECOtality, Inc. The name of the Company was changed to Blink Charging Co. in 2017.
The Company has a series of firsts to its credit, including the introduction of offering kilowatt-hour (“kWh”) pricing, reducing time-based EV charging increments, capturing fleet vehicle odometer information and offering remote start functionality.
Blink is a proponent of the kilowatt-hour pricing structure, which is usage–based, unlike time or session based charges. However few states allow kWh pricing while others don’t. The pricing for kWh charging ranges from $0.39 to $0.79 per kWh in case of Level 2 EV chargers and $0.49 to $0.59 per kWh for DC fast chargers. While per session charging sessions range from $6.99 – $9.99 per session. The Company also offers membership and incentives to the users.
Telenav (NASDAQ: TNAV)
Market Cap: $287.95M; Current Share Price: 5.98 USD
Data by YCharts
Telenav is focussed on creating innovative products that are smarter and safer and offer an improved connected car experience to the consumers. The Company offers a plethora of services ranging from Smart Navigation, ADAD safety, Semi-Autonomous, Cloud Services, Location-based ads and commerce and data intelligence services, in addition to providing sensor and AI-based dynamic road information. The platform is helping leading automotive brands to deliver personalized and much safer user experiences for customers.
The Company’s offering include Telenav LBS SDK, a flexible scalable platform with functions such as routing guidance, positioning, rendering and search to name a few. Furthermore the platform was also used to create a mobile companion app that allows user to experience seamless navigation with features like vehicle finder and personalization.
Telenav’s leading-edge technology, Predictive cards provide assistance to drivers using the vehicles driving history and sensor data to suggest destinations, Expected time of arrivals, traffic alerts and route suggestions. Furthermore the driver is also given personalized routing assistance to overcome traffic hurdles, besides offering a personalized one search box that offers an enhanced search experience, regardless of connectivity.
The Company also caters to customers who drive Electric Vehicles by offering them information on charging stops, range accuracy and routing information that helps optimize battery life. It also offers integration of voice–assistance with smart speakers that act as virtual-assistants.
Telenav’s other offerings include the VIVID infotainment system, a cloud-first that integrates internet-based entertainment services with native vehicle functions. The Company also offers full app design (HMI layer only) to Tier-1 and OEM’s through their world-class research and experience design team.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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