Stockhead recaps the ASX's biggest tech winners in 2020
These 5 ASX tech stocks are up over 600pc in 2020
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ASX tech in 2020 has been a rollercoaster ride, but ultimately it’s been another year of growth, particularly for the top stocks.
The tech sector has had a reputation for growth as it hosts a significant proportion of the last decade’s biggest multi-baggers on both the ASX and Wall Street.
The most obvious examples were the ASX’s WAAAX stocks (Wisetech (ASX:WTC), Afterpay (ASX:APT), Appen (ASX:APX), Altium (ASX:ALU) and Xero (ASX:XRO)) and America’s FAANG (Facebook, Amazon, Apple, Netflix and Google) stocks.
12 months ago, few could have predicted the global pandemic that has eventuated, let alone the broader impact on the ASX tech sector.
While many stocks crashed in March, several recovered and 2020 has in fact been a breakout year for a number of stocks.
According to IRESS, 33 tech stocks have gained 100 per cent or more and five have gained 600 per cent or more.
Here’s a list of all ASX tech stocks up 100 per cent or more in 12 months
| Code | Company | Price | ReturnYRoll% | MktCap$ |
|---|---|---|---|---|
| DOU | Douugh Limited | 0.29 | 1229 | $77.7M |
| HTG | Harvest Tech Grp Ltd | 0.265 | 820 | $128.9M |
| VR1 | Vection Technologies | 0.135 | 694 | $115.9M |
| BRN | Brainchip Ltd | 0.36 | 650 | $561.9M |
| TNT | Tesserent Limited | 0.35 | 614 | $276.9M |
| 3DP | Pointerra Limited | 0.34 | 496 | $228.0M |
| DTZ | Dotz Nano Ltd | 0.23 | 461 | $93.6M |
| AVA | AVA Risk Group Ltd | 0.605 | 404 | $125.2M |
| WBT | Weebit Nano Ltd | 1.78 | 344 | $185.0M |
| IAM | Intiger Group Ltd | 0.004 | 300 | $7.7M |
| IHR | intelliHR Limited | 0.21 | 296 | $58.2M |
| APT | Afterpay Limited | 104.14 | 280 | $28.6B |
| MYQ | Myfiziq Limited | 0.95 | 252 | $116.8M |
| KTE | K2 Energy Ltd | 0.017 | 240 | $5.1M |
| AR9 | Archtis Limited | 0.4 | 220 | $69.5M |
| SMP | Smartpay Holdings | 0.6 | 216 | $124.6M |
| HSC | HSC Technology Group | 0.015 | 200 | $20.1M |
| SGO | Stream Group Ltd | 0.022 | 199 | $268K |
| OCL | Objective Corp | 12.74 | 186 | $1.2N |
| SZL | Sezzle Inc. | 6.97 | 170 | $669.3M |
| NVX | Novonix Limited | 1.12 | 165 | $376.2M |
| DSE | Dropsuite Ltd | 0.11 | 162 | $61.8M |
| PPH | Pushpay Holdings Ltd | 7.7 | 159 | $2.1B |
| ESK | Etherstack PLC | 0.66 | 159 | $79.8M |
| YOJ | Yojee Limited | 0.175 | 143 | $186.1M |
| FZO | Family Zone Cyber | 0.425 | 143 | $151.5M |
| IP1 | Int Payment Tech Ltd | 0.03 | 140 | $17.2M |
| FGO | Flamingo Ai Ltd | 0.0035 | 133 | $3.9M |
| TYM | Tymlez Group | 0.095 | 125 | $19.6M |
| NXT | Nextdc Limited | 13.9 | 111 | $6.1B |
| WSP | Whispir Limited | 3.72 | 104 | $367.0M |
| SBW | Shekel Brainweigh | 0.25 | 100 | $34.8M |
| XPE | Xped Limited | 0.002 | 100 | $3.6M |
The top two ASX tech stocks
The biggest ASX tech winner in 12 months is wealth management platform Douugh (ASX:DOU).
The company has often been described as the ASX’s first “neobank” – arguably one reason why it has never looked back since listing at only 3 cents. It sits at 30c today.
In silver spot is Harvest Technology (ASX:HTG) which is up over 800 per cent.
Once upon a time this company was known as Smart Marine Systems and sold shark warning software.
These days it owns technology that allow for the secure transfer of data, including high-definition video and audio, from offshore or remote locations via satellite at much lower bandwidths than previously possible.
It told shareholders in its most recent annual report it is aiming to be an internationally recognised satellite services provider by the end of 2022.
Douugh (ASX:DOU) and Harvest Techology (ASX:HTG) share price chart
AI, VR and cybersecurity
Rounding out the Top 5 ASX tech winners in 2020 are a handful of stocks at the forefront of micro-sectors that are becoming industries in their own right and are having breakout years in 2020.
In third place is the ASX’s only pure play virtual reality stock – Vection (ASX:VR1).
Fourth is semiconductor and AI stock Brainchip Holdings (ASX:BRN) which is working on a semiconductor technology that can function at the “edge” without relying on an independent memory processor.
Much of its growth in 2020 came in September when it announced a tie up with VORAGO, a US tech business, to develop products suitable for space exploration.
In fifth spot lies cybersecurity stock Tesserent (ASX:TNT). The entire cybersecurity sector has had an incredible year due to increased demand for cybersecurity services generally.
Tesserent has been particularly successful, hitting $100 million in annualised gross revenue back in September and has made several acquisitions that have diversified its offering.
Vection (ASX:VR1), BrainChip (ASX:BRN) and Tesserent (ASX:TNT) share price chart
