If you’re looking for small cap ASX shares to add to your watchlist, then I think the two listed below could be worth considering.
Here’s why they should be on your watchlists:
Aerometrex Ltd (ASX: AMX)
Aerometrex is a growing aerial mapping business. It specialises in aerial photography, photogrammetry, LiDAR, 3D modelling, and aerial imagery subscription services. The latter is through its MetroMap offering, which provides access to high quality 2D imagery and 3D reality mesh models. The company has been busy developing new products to strengthen its offering and in October announced a new bush fire prevention product. This new technology is able to determine, in three dimensions, the exact fuel load densities in any bushfire prone region in Australia.
Analysts at Morgans are positive on the company’s prospects and currently have an add rating and $1.83 price target on its shares. This compares to the current Aerometrex share price of $1.13. It notes that the company’s shares are trading at a significant discount to rival Nearmap Ltd (ASX: NEA).
Audinate Group Limited (ASX: AD8)
Another small cap share to watch is Audinate. It is a digital audio-visual networking technologies provider that is best known for its innovative Dante audio over IP networking solution. This industry-leading product is used widely across the professional live sound, commercial installation, broadcast, and recording industries globally.
Management recently revealed that the number of Dante enabled products manufactured by its customers has now grown to 2,804. This is eight times greater than its nearest rival, making it the clear industry leader.
UBS is a fan of the company and has a buy rating and $8.00 price target on the company’s shares at present. It has been impressed with its recovery from the pandemic and notes that its first quarter result was well ahead of its expectations.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
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.
*Returns as of June 30th
More reading
- 3 recovery ASX shares to buy for 2021
- 3 ASX growth shares to buy
- 3 ASX tech shares to buy for the long term
- 2 exciting small cap ASX shares to watch
- 3 exciting small cap ASX shares rated as buys
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 AUDINATEGL FPO and Nearmap Ltd. The Motley Fool Australia has recommended AUDINATEGL FPO and Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
The post Put these small cap ASX shares on your watchlists today appeared first on The Motley Fool Australia.
from The Motley Fool Australia https://ift.tt/3rgLzJL
Leave a Reply