Equities.com's Small-Cap Stars, our proprietary list of small caps that share the most important fundamental traits with the most successful companies in their industry, returned 45.32% over 2013. Among this year’s list are a number of promising small-cap companies that have the potential to make big gains.
Small-cap tech companies have long been a source of innovation and, when a product really takes off, huge gains for shareholders. The tech companies on the Small-Cap Stars represent the sort of well-researched speculative plays that can fill out any portfolio.
Here are today's top-performing Small-Cap Stars:
Lrad Corporation (LRAD)
Lrad Corporation gained 11.81% to $3.03. The gains came on a volume of 826,767 shares against an average daily volume of 176,479 shares. Lrad Corporation has had a trading range from $2.95 to $1.26 over the last year, its P/E ratio is 16.4, it has a 50-day SMA of $2.06, and a 200-day SMA of $1.96.
LRAD Corp is engaged in the design, development and commercialization of directed sound technologies and products.
Chyronhego Corporation (CHYR)
Chyronhego Corporation gained 9.35% to $2.69. The gains came on a volume of 143,233 shares against an average daily volume of 30,861 shares. Chyronhego Corporation has had a trading range from $3.12 to $1.31 over the last year, it has a 50-day SMA of $1.99, and a 200-day SMA of $2.31.
ChyronHego Corp is engaged in broadcast graphics creation, playout, and real-time data visualization offering products and services for live television, news, and sports production.
Icad Inc. (ICAD)
Icad Inc. gained 8.68% to $9.77. The gains came on a volume of 83,374 shares against an average daily volume of 90,586 shares. Icad Inc. has had a trading range from $14.11 to $5.16 over the last year, it has a 50-day SMA of $7.64, and a 200-day SMA of $9.29.
icad, Inc., is a provider of image analysis and work flow solutions that enable radiologists and other health care professionals to better serve patients by identifying pathologies and pinpointing cancer earlier.
Neonode Inc. (NEON)
Neonode Inc. gained 8.47% to $3.20. The gains came on a volume of 667,468 shares against an average daily volume of 735,019 shares. Neonode Inc. has had a trading range from $7.94 to $2.44 over the last year, it has a 50-day SMA of $3.18, and a 200-day SMA of $5.07.
Neonode Inc develops and licenses user interfaces and optical infrared touch technology. It licenses its multi-touch technology to Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs).
Net Element Inc. (NETE)
Net Element Inc. gained 8.02% to $1.75. The gains came on a volume of 28,896 shares against an average daily volume of 269,010 shares. Net Element Inc. has had a trading range from $5.90 to $0.88 over the last year, it has a 50-day SMA of $1.87, and a 200-day SMA of $2.88.
Net Element Inc is a financial technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States.
Small-Cap Stars Tech Companies – New Ideas Driving Major Gains
Any small-cap company probably represents an effort to take greater risks in exchange for the potential for greater returns, and nowhere is that more true than in the tech sector. However, with the Small-Cap Stars, we’ve screened out the available stocks to find those that are most likely to create those big gains.
Our list was built by looking at previous small-cap tech companies and running a complex statistical regression to determine which of dozens of different fundamental factors ended up being the most predictive of future success. Then, we looked at which companies today were the most similar to those companies that made big gains in the past.
Among the other factors, our system highlighted companies with low debt, low cash reserves as a percentage of total assets (because, after all, a small-cap tech company should be reinvesting its profits), and low rate of depreciation.
All data provided by QuoteMedia and was accurate as of 4:30 pm ET.