Which ASX tech stocks performed best in 2021?
Here’s a look at the five top ASX technology stocks by share price performance.
Australia is home to a thriving technology sector with new investment opportunities emerging in various sub-sectors such as gaming, fintech, healthcare and cleantech.
The technology sector currently contributes around A$167 billion to the Australian economy, according to a study commissioned by the Technology Council of Australia. That number is up 79% since 2016, a growth rate more than four times that of most industries. In fact, the technology sector is Australia’s third largest economic sector after mining and finance/insurance.
A number of tech stocks on the ASX have performed well in this landscape. If you’re interested in investing in technology stocks, you can look at the companies that are performing well.
Below is the five best ASX technology stocks published by Investing news in terms of share price performance in 2021. Data for the companies was gathered on December 31, 2021, using TradingView’s stock screener, and all of the best ASX technology stocks listed had market caps above AU$10 million at that time.
1. Novonix
Market cap: AU$4.45 billion; year-to-date gain: 659.5 percent
The first of the top ASX-Tech stocks on this list is battery technology company Novonix (ASX:NVX), which specialises in developing battery test equipment for the global lithium-ion battery market.
The company was spun out from Dr. Jeff Dahn’s lab at Dalhousie University; Dr. Dahn is one of the pioneers of the lithium-ion battery.
While not yet a revenue generator, the company has benefited from the explosive growth expected of the fast-paced global electric vehicle (EV) industry.
In December, Novonix announced preliminary results from an environmental impact study; they show the company’s synthetic graphite EV and energy storage system (ESS) battery anode product offers an approximate 60 percent decrease in CO2 emissions, potentially making it “2.5 times better for the environment than Chinese synthetic graphite EV and ESS battery anode material,” as per the Market Herald.
2. Oneview Healthcare
Market cap: AU$114.57 million; year-to-date gain: 488.89 percent
Oneview Healthcare’s interactive software platform (ASX:ONE) offers digital tools for healthcare providers, patients and families to improve outcomes at the point of care.
Last spring, the global healthcare technology company launched its cloud-based care platform. “Deployed on Microsoft Azure, this platform enables healthcare systems to rapidly adopt technology to engage patients, reduce non-clinical demands on care teams, and maximise clinical and operational effectiveness,” notes a news release.
Oneview has signed a number of contracts for the use of this platform, including with Omaha’s Children’s Hospital and Medical Center, Northern Health in Melbourne and Kingman Regional Medical Centre in Arizona.
In late November, Oneview raised AU$20 million in a private placement with plans to use the funds to further product development, scale its cloud enterprise and strengthen its balance sheet.
3. Emyria
Market cap: AU$105.86 million; year-to-date gain: 318.48 percent
The health technology company, Emyria (ASX: EMD) specialises in data-driven drug development and operates a network of medical clinics. Using proprietary clinical trials, the company develops registered treatments for underserved medical needs.
Emyria’s current drug development programs focus on cannabidiol (CBD) drugs for mental health, the treatment of CBD/THC irritable bowel syndrome, and the treatment of MDMA for post-traumatic stress disorder.
In late November, one of Australia’s largest private investment groups, Tattarang, invested AU$5 million in Emyria, which will help the company continue to advance its drug development.
4. PlaySide Studios
Market cap: AU$445.38 million; year-to-date gain: 139.13 percent
PlaySide Studios (ASX:PLY) develops mobile games, virtual reality, augmented reality and PC games. The company’s portfolio consists of 52 titles, including original intellectual property games, as well as games developed with the worlds’ largest studios, such as Disney (NYSE:DIS), Warner Bros and Nickelodeon.
PlaySide Studios is Australia’s largest publicly traded gaming technology company and, following its 2020 initial public offering, generated AU$10.88 million in revenue for fiscal year 2021.
In the final weeks of 2021, PlaySide signed a number of agreements, including an agreement with Shiba Inu Games and a partnership with One True King to jointly develop a PC game that will also provide access to One True King’s 21 million global followers.
In November, the company has signed a historic deal with 2K Games, a label of Take-Two Interactive Software (NASDAQ: TTWO).
5. Universal Biosensors
Market cap: AU$175.98 million; year-to-date gain: 127.59 percent
Last on this ASX’s list of top technology companies, Universal Biosensors (ASX: UBI) medical device technology company develops, manufactures and commercialises diagnostic test systems for healthcare and home use. It has products for blood glucose monitoring, blood clotting tests, immunological tests and molecular diagnostics.
“UBI’s biosensor technology platform has been used to deliver more than 10 billion diagnostic tests to patients worldwide generating billions of dollars in sales,” states a company presentation. “We have licensed and partnered new technology and new biosensors with global applications.”
In November, Universal Biosensors signed a three year master collaboration agreement with Mayo Clinic Biopharma Diagnostics. The deal includes work on Universal Biosensors’ Tn antigen cancer biosensor. In late December, the company entered into a global exclusive license agreement with IQ Science for the commercialization of a SARS-CoV-2 N-protein detection test that will use Universal Biosensors’ proprietary electrochemical strip and device technology.
Global Tech Stocks Worst Week Since March 2020
U.S tech stocks fell in a stumble 23/1/2022 , closing out a losing week and continuing a rough start to 2022. The Nasdaq Composite was hit the hardest with Friday’s selling sending the tech-heavy index to its worst week since 2020.
The Nasdaq Composite declined 2.7% to 13,768.92 on 21/1/2022. The Dow Jones Industrial Average fell 450.02 points to 34,265.37. The S&P 500 slid 1.9% to 4,397.94.
Technology Sector
The technology sector is the fastest growing segment of the economy, and the tech sector has experienced a great deal of growth over the years. The tech sector is an excellent place to invest in if you’re looking for growth in the future. Generally speaking, the technology sector is a good place to invest in.
Data represented in this report should not be taken as advise for live trading. Tech Business News holds no direct investment interest in any company mentioned in this article.
