3 hot ASX tech shares to watch

These three tech companies are on the rise…

| More on:
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 tech companies which posted solid recent gains could be worth keeping an eye on.

Yojee Ltd (ASX: YOJ)

The Yojee share price is bouncing back after gaining another 16 per cent on Tuesday with shares in the company now trading for about 29 cents.

The company announced it had entered into a partnership agreement with a subsidiary of China's largest shipping and logistics company.

Yojee, a logistics company, says it uses "artificial intelligence and blockchain technology to create a seamless regional network"

Yojee announced it had entered a partnership with Sinotrans Integrated Logistics Australia (SILA), part of the Sinotrans and CSC international network, in which SILA would utilise Yojee's product.

"The Yojee platform was selected by SILA to deliver real time dynamic tracking, communications and dispatching optimisation solutions to complex job requirements," according to Yojee.

"It also provides instant connectivity and job management solutions for all SILA's fleet partners within its internal and broader network."

The Yojee share price slumped this month after trading for 34 cents in early January.

But the company's shareholders have still benefited from gains exceeding 530 per cent over the past year.

Yojee's market value has now risen to almost $215 million as investors continue to place faith in Yojee, a company which posted a loss of $1.96 million for financial year (FY) 2017. 

Fastbricks Robotics Ltd (ASX: FBR)

The Fastbricks Robotics share price continues to rise, gaining another 2.86 per cent on Tuesday.

Shareholders of the company, with a market value of around $188 million, have seen their stock rise by 100 per cent over the past year.

But the Fastbricks Robotics share price, now trading for about 18 cents, remains below the 28.5 cents it hit in August last year.

The company has developed a robotic brick layer that can lay 1,000 bricks per hour.

Fastbricks Robotics has recently altered its management structure with a series of key appointments.

Fastbricks this month appointed a chief financial officer, a global strategy adviser and a global technology construction expert.

That follows the appointment of Mark Sheridan as general manager of operations in December.

It appears Fastbricks Robotics is putting key players in place a bid to fast track the company's growth potential.

Fastbrick ended FY17 with a closing cash balance of $8.6 million and announced it "remains well funded" for 2018.

Novatti Group Ltd (ASX: NOV)

The Novatti share price was up by 5.88 per cent on Tuesday, adding to gains exceeding 100 per cent over the past year.

Novatti, a digital payments service provider with a market cap of about $49 million, provided a positive trading update last week.

The company announced transaction processing revenue increased by 93 per in the December quarter on prior corresponding period, growing from $175,000 to $339,000.

Novatti reported a loss of about $4.7 million for financial year FY 2017.

Motley Fool contributor Steve Holland 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 »