The tech sector remains one of the most sought-after sectors for investors due to the sort of growth that it has generated over the course of the past three decades. However, there are hundreds of stocks to choose from and hence, it is important for investors to look into a handful of stocks. Here is a look at five tech stocks that you could track at this point of time.
1. Artificial Intelligence Technology Solutions (OTCMKTS:AITX): The first tech stock to go into this list is that of Artificial Intelligence Technology Solutions. The company mainly works through its subsidiary company Robotic Assistance Devices and last week on March 18, Artificial Intelligence Technology Solutions made an announcement with regards to the subsidiary. It was announced that Robotic Assistance Devices had bagged an order for its AVA autonomous access control device.
The order had been placed by a subsidiary of one of the authorized dealers of Robotic Assistance Devices. Artificial Intelligence Technology Solutions has been announcing such orders for quite some time and it now remains to be seen if the market starts taking notice of the same or not. It might be a good move to keep an eye on the stock in the coming days.
2. Cyberlux Corporation (OTCMKTS:CYBL): Another tech stock that could be worth tracking closely at this point is that of Cyberlux Corporation, which has rallied strongly over the course of the past month and managed to clock gains of as much as 45% during the period. Earlier on in the month, the technology platform company announced that it had managed to surpass its revenues plan of $1.5 million for the month of February.
Cyberlux managed to bring in revenues to the tune of as much as $2.12 million, which proved to be 41% higher than its actual revenues plan. On the other hand, the February revenues also proved to be higher than the revenues on January by as much as 11%. In light of the performance of the company in February, it is likely that investors are now going to be looking forward to the revenues figures for the month of March.
3. ImmunoPrecise Antibodies Ltd (NASDAQ:IPA) (IPA.V): In the last week, investors have shown a keen interest in the ImmunoPrecise Antibodies stock and that was possibly the reason why the stock ended up with gains of as much as 7% during the period. The company had come into focus among investors back on March 16 when it announced its financial results for the third fiscal quarter that had ended on January 31, 2022.
The company managed to bring in total revenues of as much as $4.8 million, which proved to be a year-on-year boost of 6.6%. However, at the same time, it ought to be noted that net losses for the period widened from $3.8 million to $1.3 million. As one can see, the company has been working on growing its revenues and it is now going to be interesting to see if investors continue to see value in the stock or not.
4. Safe-T Group Ltd (NASDAQ:SFET): Global privacy and cybersecurity solutions providing company Safe-T Limited could be a company that you could start tracking in light of the growing threat of cybercrimes. In the past month, the stock has been on a roll and has managed to deliver gains of as much as 54% as a consequence.
Earlier on in the month on March 15, Safe-T group had come into focus once again after it announced that on March 29, 2022 it was going to announce its financial results for the fourth fiscal quarter and the fiscal year, both of which ended on December 31, 2021. The financial results were going to be announced before the opening of NASDAQ. It is going to be interesting to see if the stock gathers traction in the days leading up to March 29.
5. GBT Technologies Inc (OTCMKTS:GTCH): More often than not, investors are more inclined to look into those stocks which may have recorded significant gains on the previous day, and by that token, it is quite likely that GBT Technologies Inc stock is going to come into focus among investors today. It had come into major focus among investors yesterday and had ended up with gains of as much as 12% as a consequence.
Hence, it may be a good time for investors to perhaps take a closer look. GBT Technologies announced yesterday that it was working on integrating temperature measurement enhanced algorithm to the qTerm vitals device.
GBT Technologies decided to go for these enhancements with the aim of further boosting the level of feedback and accuracy of the product. In this regard, it is perhaps also necessary to note that the whole thing could be completed rather quickly considering the fact that the functionality and features of the device have also been decided by the company.
