We've compiled it recently The 10 best performing small-cap companies last week. In this article, we will look at the position of NetClass Technology Inc (NASDAQ:NTCL) against other stocks.
Micro and small companies dominated the stock market last week, achieving impressive growth behind a range of catalysts that have boosted interest.
We named the top ten performers from last week, which outperformed the Russell 2000 index, which fell 4.04% next week. Of these, a company's excellent 317% growth is particularly striking, thanks to a $100 million deal that could drive its growth prospects.
To list, we considered the stocks with the highest change per week and compared the stock prices on March 7 and February 28.
We classify Micro-Cap as a company with a market capitalization of less than $300 million and small companies with a market capitalization of less than $2 billion.
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NetClass Technology Inc (NASDAQ:NTCL) shares rose 43% last week to close at $7.14 on February 28, with a share price of $10.27 per person. Similar to its Chinese counterparts, the company has also been booming in China's artificial intelligence industry.
NetClass Technology Inc (NASDAQ:NTCL), a newly listed company, made its debut on the U.S. Stock Exchange on December 13, 2024, but its last share price already marked a 105.4% increase in its first trading of $5, which underlines investor confidence.
NetClass Technology Inc (NASDAQ:NTCL) successfully raised up to $9 million from a comprehensive action to provide 1.8 million common shares and another $1.35 million during its IPO, and provided $1.35 million from a comprehensive underwriter allocation program.
According to NetClass Technology Inc (NASDAQ:NTCL), the proceeds from this offer will be used to fund the development of its course software and online technology platforms, extend application development services and subscription services, marketing and branding, as well as working capital and corporate purposes in general.
Overall NTCL Ranked 10th On our list of the best performers last week. Although we acknowledge the potential of NTCL as an investment, our belief is that certain AI stocks have higher returns in a shorter time frame and offer greater hope in this. If you are looking for AI stocks that are more promising than NTCL but have less than 5 times its revenue, check out our report Cheapest AI stocks.
