There have been a number of developments at the small side of the tech sector on Wednesday.
Three that have caught my eye are listed below. Here’s why these shares are on the move:
LiveTiles Ltd (ASX: LVT)
The LiveTiles share price has jumped 15% higher after announcing a commercial agreement with Australian software-as-a-service company Linius Technologies Limited (ASX: LNU). According to the release, the companies will partner on a solution that will leverage voice, AI facial recognition, and virtualised video technology to capture data and information from meetings and deliver personalised videos to employees. LiveTiles will integrate Linius technology into its core platform, providing users the ability to extract unique and personalised videos from previously recorded meetings.
Volpara Health Technologies Ltd (ASX: VHT)
The Volpara share price has surged 11% higher after announcing a partnership with Ambry Genetics. The cancer screening software platform provider has partnered with Ambry Genetic to bring a new era of breast care to patients in the United States. According to the release, Volpara believes the collaboration agreement has the potential to significantly increase ARPU upon successful clinical implementation.
WISR Ltd (ASX: WZR)
The Wisr share price has rocketed 30% higher after the online lender announced that it has hit the $200 million loan originations mark. According to the release, it took Wisr 45 months to originate its first $50 million of loans. But the final $50 million was written in under four months. The company revealed that this has been achieved without compromising on quality. Its loan book has an average credit score of 706, compared to the average Australian credit score of ~600. It believes this reinforces the prime nature of the company’s loan book and customer base.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia has recommended LIVETILES FPO. 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 Scott Phillips.
- Would Warren Buffett buy a2 Milk Company shares? – August 9, 2020 12:00pm
- Why ResMed shares could be a fantastic buy and hold option – August 9, 2020 11:12am
- Cash rate on hold until after 2022? Buy these ASX dividend shares – August 9, 2020 10:59am