3 tech hopefuls that keep giving big gains

These three shares have been surging. Here's why…

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

These three companies have provided shareholders with big returns over the past year.

And they've recently boomed again.

Yojee Limited (ASX: YOJ)

The Yojee Limited share price jumped up by more than 20 per cent on Wednesday and is now trading at around 22.5 cents.

The digital logistics and transportation management company's share price has been fluctuating recently and surged to beyond 25 cents in early October before coming back down.

Although Yojee shares are trading below the level recorded in October, the company's share price has still delivered returns exceeding 450 per cent over the past year.

Yojee has made numerous announcements about new products and new deals but the company is yet to turn a profit, reporting a loss of nearly $2 million for the year ending June 30 2017.

GetSwift Ltd (ASX: GSW)

The GetSwift share price continues to surge and gained about 8 per cent on Monday, adding to a yearly return of about 1,900 per cent.

GetSwift, another digital logistics and transportation management company, this month announced it had signed deals with Amazon Inc. and Yum! Brands, likely prompting a rapid rise in its share price.

GetSwift shares were trading as high as $4.30 on the back of that announcement, but are now going for about $4.

Novatti Group Ltd (ASX: NOV)

The Novatti Group share price gained about 11 per cent on Wednesday and is trading at around 35 cents.

The stock rocketed in early November, almost doubling in the space of two weeks.

Novatti, a digital payments service provider with a market cap of about $36 million, is also yet to turn a profit and reported a loss of about $4.7 million for financial year (FY) 2017.

But Novatti has made a series of announcements this year that have captured the attention of the market, such as its launch of a "Blockchain-powered Global Money Transfer Solution", a placement to "sophisticated Chinese investor" and a "MOU to enter multi-billion dollar Indian digital payments market".

As such, the company's share price has come a long way from the 17 cents it was trading at a year ago.

Motley Fool contributor thefoolsteve has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »