08 Jun 5 Stocks to Watch Right Now!
While Industries across the globe are grappling with the pandemic and its impact on their operations, Technology Industry has been focused on minimizing the impact and marching ahead with its innovations and breakthroughs, be it critical communication systems, innovative marketing solutions or cutting-edge diagnostic technology.
We take a look at some tech companies that are impervious to the scare and offer a very attractive upside in the long run. These companies not only have an excellent potential for growth and returns but have major upcoming catalysts such as contract awards, new products and services, growing client base or even global expansion plans lined up for 2021.
Entravision Communications Corporation (NYSE: EVC)
Market Cap: $394.24M; Current Share Price: 4.63 USD
Data by YCharts
Entravision is a media, marketing and technology company that caters to the Latino consumers in the U.S as well as other markets such as Mexico, Latin America and Spain. Founded in 1996, the Company’s portfolio includes multiple digital media and advertising platforms, besides 55 television stations and 49 radio stations.
The Company’s product offerings consist of TV, Audio, Digital, Content, Influencer and Experiential marketing. As part of its TV coverage, the Company reaches out to more than 4.66MM average viewers every week across 55 local TV stations in 21 local markets covering 12 million households. Entravision delivers content to a wide range of Latino and English audiences across networks such as Univision, Noticias, Unimas, Fox, Azteca, LNTN and The CW among others.
The Company is Univision’s largest affiliate group and has an agreement until 2026, with retransmission revenue ensuring a steady free cash flow. Entravision acts as the Latam sales representative for platforms such as Facebook, LinkedIn and Spotify and is well poised to target opportunities arising from a potential $1.9Tn opportunity from the U.S Latino and Latam market.
Image Source: Company
Entravision’s elboton.com is an online streaming hub that features nationally recognized, award-winning talent and offers the opportunity to connect to millions of Hispanics through targeted campaigns. Some of its radio stations include LA Tricolour, LA Suavecita, Jose Radio. In addition, the Company’s Cisneros Interactive is a digital advertising company that has partnerships with Facebook, Spotify and LinkedIn in 17 countries and offers digital audio advertising and mobile advertising solutions.
The Company uses cutting—edge data algorithms, big data analytics and machine learning to deliver engaging content for its target customers and offers a comprehensive portfolio of solutions through tools such as audioengage, Dataxpand, Smadex and ScrollerAds. Smadex is a mobile-first programmatic tool that enables marketers to buy and manage data-driven advertising campaigns electronically.
Programmatic advertising helps advertisers maximize their spend by targeting a specific set of audience who are more likely to engage with a brand. They facilitate the creation of effective campaigns that convey relevant messages to their targeted subset of audiences. In addition, companies can buy and bid for advertising in real time and create customized advertising to appeal to their audience, based on the insights obtained from understanding customer preferences.
According to Statisca, the Global programmatic advertising market was valued at USD 106 Billion in 2019, and will reach nearly USD 147 Billion by the end of 2021.
DataXpand is a data management platform that helps collect and activate data from various sources including mobile online and offline and renders it in an actionable format for targeted advertising. Entravision has partnered with leading organizations across the world such as Google, MediaMath, Centro, AppNexus, Lotame, Exelate to name a few.
The Company’s owned & operated (O&O) site attracts 4.8M+ monthly page visits with content that includes Spanish radio NFL game broadcasts, “El Show de Erazno y la Chokolata”, a parody-based comedy program “El Show de Piolín”, by Eddie ‘Piolín’ Sotelo, a radio hall of fame inductee and one of the strongest Spanish influencers. Entravision also holds numerous festivals and events such as Annual Fiestas Patrias Viva Mexico Celebration, Salsa y Sazón Latin food and music festival and annual Radiothon that raises funds for the Children’s Miracle Hospitals® network.
Quotient Limited (NASDAQ: QTNT)
Market Cap: $430.47M; Current Share Price: 4.24 USD
Data by YCharts
The Company’s MosaiQ™ is a Red Dot product design winner and the world’s first fully automated testing platform for blood grouping and transfusion-transmitted infection screening. The system combines conventional serology with advanced microarray technology to deliver quick and comprehensive antigen typing/antibody identification. The testing platform has leading-edge phenotyping capabilities which helps match blood in a much more efficient manner and with minimal risk of alloimmunization.
The Company is also developing MosaiQ as a potential solution for an array of transfusion transmissible infection screening requirements in the areas of donor red blood and plasma cells. The system has been designed to overcome the limitations of the transfusion diagnostics environment by increasing efficiency and reducing costs. The platform aids in improved decision-making, consolidates multiple vendors into one standardized and consolidated platform, promotes efficient inventory management and most importantly brings to the table advanced testing capabilities.
Image Source: Company
In addition, the system comes with MosaiQ LinQ middleware which provides services such as consolidation, order management, quality control and result management. The Company has created MosaiQ COVID-19 Antibody Microarray using its proprietary technology, which has received an Emergency Use Authorization (EUA) from the FDA and is CE marked. The test checks for both IgM and IgG antibodies to SARS-CoV-2, offering best-in-class performance with 100% sensitivity and 99.8% specificity.
The Company also manufactures reagents for blood banks under the brand name ALBA for ABO/RhD, Red Blood Cells, Anti-Human Globulin, Rare Antisera and Enhancement Media for the U.S Market. Quotient aims to disrupt the transfusion diagnostics market which offers a potential $40bn market opportunity in both immunoassay and molecular diagnostics.
AmpliTech Group Inc (NASDAQ: AMPG)
Market Cap: $51.39M; Current Share Price: 5.50 USD
Data by YCharts
AmpliTech is a developer of cutting-edge RF Components, which cover frequencies from 50 kHz to 44 GHz, for numerous industries such as Space, Military, Satellite Communication and commercial use. The Company also caters to the 5G/6G wireless ecosystem/ infrastructure and quantum computing having set its sight on spearheading the Quantum Supremacy. The Company also has to its credit industry-leading low noise amplifier solutions for satellite communications.
The Company’s product offerings include Amplifiers such as low noise, Cryogenic, Limiting, Waveguide, Medium/High power and Surface Mount. In addition, the AmpliTech also offers passive components such as End Launch rectangular amplifiers, rectangular adapter to COAX and power dividers.
According to a report by Fortune Business Insights, the global satellite communications market size is expected to reach USD 41.33 billion by 2026, growing at a CAGR of 7.73 percent, from USD 22.61 billion in 2018. The growing demand for Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellites is driving the growth in the market. The Company is well poised to leverage its high-performance, low noise amplifiers, which provide efficiencies of power and reliability.
In April 2021, the Company received an order for a special cryogenic probe head to be used for studying materials, molecules and drugs from Amplify My Probe, Ltd, a spin out from the Quantum Spin Dynamics group, which is a part of the London Centre for Nanotechnology and UCLQ. AmpliTech will be the exclusive manufacturer of the product, while Amplify My Probe will function as the sole distributor for a period of 18 months.
The probe allows the measurement of the Electron Paramagnetic Resonance (EPR) experiments and increases the scope of the domains which can be studied to include biomolecules, catalytic surfaces and materials for quantum computing among others.
In February 2021, the Company announced the receipt of over $500,000 worth of orders from a Fortune 100 defense contractor and a cable TV broadcaster. The first order for $190,000 was received through Specialty Microwave, a SATCOM products company that was acquired by AmpliTech in 2019, while another order for $366,000 was for its state-of-the-art low noise amplifiers from a defense contractor.
AmpliTech reported record Q1 bookings and backlog of $2.4M at the end of Q1,2021 and design wins in its own noise amplifier product suite. The Company has established an on-site testing laboratory to test amplifier viability in extreme conditions. AmpliTech has initiated new product testing for the cyber-security and chipset industry to drive IoT device adoption and ensure security for 5G networks.
Fluidigm Corporation (NASDAQ: FLDM)
Market Cap: $420.916M; Current Share Price: 5.62 USD
Data by YCharts
Fluidigm, formerly known as Mycometrix Corporation, offers multi-omic solutions by leveraging its proprietary CyTOF® and microfluidics technologies, delivering valuable insights for the study of cancer, immunotherapies and inflammatory diseases. The Company’s Mass Cytometry is the world’s most advanced single-cell proteomics technology, which uses Fluidigm’s proprietary CyTOF technology to investigate more than 50 biomarkers in areas such as cancer, immunology and stem cells among others.
Image Source: Company
The Company also produces reagents under the brand name Maxpar, which along with the Maxpar Panel Designer tool enables the discovery of systems-level biology at single-cell resolution. CyTOF XT™ is one of the most advanced mass cytometers that not only helps simplify deep cell profiling but also enables standardization of workflows and automation. In short, the instrument delivers autonomy, efficiency, clarity and insight that improve cell analysis along with speed and precision.
Fluidigm also offers PRO services and offers flexible service plans that help organizations maximize their investments and achieve optimal productivity.
Furthermore, the Company also produces the Hyperion™ Imaging System, a high-multiplex imaging and single-cell protein analysis tool that delivers unparalleled insight into the tissue microenvironment with single-cell resolution. The system comes with the Maxpar imaging antibody portfolio and reagents an image resolution software and service support. Fluidigm has built a robust intellectual property rights portfolio with over 575 patents issued and pending worldwide. In addition, the Company has an installed base of more than 330 mass cytometry instruments in over 25 countries.
The Company’s revenue streams are poised for long-term growth as Fluidigm is engaged in developing a broad portfolio of instruments delivered along with consumables, instruments and services. Fluidigm is also focusing on the emerging molecular diagnostics market including COVID-19 testing and is working towards building a network of partners for its saliva-based SARS-CoV-2 testing solutions.
Support.com (NASDAQ: SPRT)
Market Cap: $81.96M; Current Share Price: 3.34 USD
Data by YCharts
Support.com offers omnichannel technical and customer support service in the U.S, primarily through home-based employees. The Company’s home sourcing model consistently delivers excellent NPS scores (85+) and first call resolution rates. Support.Com combines a scalable network of home-based employees with a proprietary cloud-based platform and delivers a model that is secure and scalable. The Company offers customer support and cloud platform as part of its Enterprise solutions and Technical support and Desktop software for its Consumer & Small Business clients.
The Company provides comprehensive turnkey solutions encompassing recruitment, training, management and reporting. Support caters to a wide range of industries including banking, financial services, technology, communications, healthcare, education, consumer, retail and the government sector. Support operates through a subsidiary RightHand IT to deliver IT-infrastructure management including services such as maintenance of computers, servers, routers, mobile devices, telephony, security, backup, and license management among others. In addition, the Company’s SUPERAntiSpyware desktop software offers advanced scanning tools for detection of malware, spyware, ransomware, trojans, keyloggers to name a few. The Company’s operations are spread over the U.S and Canada with offshore centers in the Philippines and India.
In March 2021, the Company entered into a definitive merger agreement with Greenidge Generation Holdings Inc. to become the only vertically integrated U.S. publicly listed bitcoin mining operation. The merger is expected to be completed by Q3 2021.
Most recently the Company launched a 24/7 on-demand customer support for fintech leaders, cryptocurrency and NFT platforms, exchanges, and wallet OEMs, which combines the HomesourcingSM Cloud Platform and Crypto ConciergeSM service to address customer and technical support issues related to cryptocurrency and financial services. The service is targeting the lack of customer awareness and adequate customer support in a fast emerging $2 trillion USD market for cryptocurrency.
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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References
https://www.fortunebusinessinsights.com/satellite-communication-satcom-market-102679
https://finance.yahoo.com/news/amplitech-group-well-positioned-deliver-135400725.html
https://quotientbd.com/covid-19
https://quotientbd.com/sites/default/files/downloads/2021-06/QTNT_Jefferies_FINAL_2021.pdf
https://investors.fluidigm.com/static-files/6f6bddde-50df-4889-a3d7-cd59f215999b
https://finance.yahoo.com/news/support-com-launches-demand-fintech-212000597.html
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