If you’re looking at investing at the small side of the market, I think the three small caps listed below could be worth considering.
While there is certainly still a lot of work to be done, they all appear to be carving out bright futures for themselves.
Here’s why I think they should be on your watchlist:
Alcidion Group Ltd (ASX: ALC)
Alcidion is a fast-growing health informatics company which is aiming to transform healthcare with smart, intuitive technology solutions. It has a growing portfolio of software products and services such as Miya Precision, Smartpage and Patientrack. Combined, they support interoperability, allow communication and task management, and deliver clinical decision support at the point of care to improve patient outcomes.
Serko Ltd (ASX: SKO)
Serko is an online travel booking and expense management provider behind the Zeno Travel and Zeno Expense platforms. Zeno Travel provides AI-powered end-to-end travel itineraries, cost control and travel policy compliance to corporate customers. Whereas the latter platform allows its users to automate and streamline the expense administration function, identify out-of-policy expense claims, and prevent fraud. While Serko’s growth will be hit hard by the pandemic, I believe it will bounce back strongly when travel markets return to normal. Until then, it looks well-funded to ride out the storm.
Volpara Health Technologies Ltd (ASX: VHT)
Volpara is a Software-As-A-Service (SaaS) company that leverages artificial intelligence to improve the early detection of breast cancer by analysing mammograms and associated patient data. After which, the software is able to provide clinical decision support and practice management tools and a cost-effective way. But most importantly, it can be used to reduce breast cancer deaths. The company is currently generating NZ$18 million in annual recurring revenues (ARR), but estimates that it has a US$750 million ARR opportunity in breast cancer screening.
Where to invest $1,000 right now
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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.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Alcidion Group Ltd and Serko Ltd. The Motley Fool Australia owns shares of and has recommended VOLPARA FPO NZ. The Motley Fool Australia has recommended Alcidion Group Ltd and Serko Ltd. 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.
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