3 exciting small cap ASX shares to watch closely

Check out these small cap ASX shares…
The post 3 exciting small cap ASX shares to watch closely appeared first on The Motley Fool Australia. –

The small end of the Australian share market is home to a number of companies with the potential to grow strongly in the future.

Three small caps that investors may want to get better acquainted with are listed below. Here’s why they should be on your watchlist:

Alcidion Group Ltd (ASX: ALC)

The first small cap ASX share to watch is this growing informatics solutions company. Alcidion notes that it helps healthcare organisations harness the power of technology to create a clinically relevant environment with digitally enabled care. The company’s tailored platforms are able to leverage clinical decision support, artificial intelligence and real-time visualisation to provide smart health informatics for safer delivery of care. Demand has been growing strongly for its technology, leading to the several large contracts with major healthcare institutions.

Booktopia Group Ltd (ASX: BKG)

The second small cap ASX share to watch is Booktopia. It is an online book retailer which has been growing at a rapid rate in recent years. For example, the company notes that it sold one item every ~4.7 seconds and shipped ~6.5 million items in the 12 months to 30 June 2020. This averages 25,000 items per business day. Pleasingly, since then, its growth has gone up another level. This has been driven by the ongoing shift to online shopping, which has accelerated during the pandemic. Also supporting its growth has been the construction of its new distribution centre. This is allowing it to capitalise fully on the shift and ship more items than ever.

Pointerra Ltd (ASX: 3DP)

A final small cap to watch is this 3D geospatial data technology company. Pointerra highlights that its technology has solved an entrenched problem in the digital asset management sector. It allows very large 3D datasets to be used without the need for high performance computing. It achieves this by allowing 3D data to be processed and stored in the cloud for instant, on demand user access. Management believes that it has an enormous $500 billion market opportunity globally.

The post 3 exciting small cap ASX shares to watch closely appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Pointerra (ASX:3DP) share price leaps 8% ahead of next week’s earnings
3 exciting small cap ASX shares to watch right now

3 small cap ASX shares investors should watch very closely

3 exciting small cap ASX shares to watch

5 ASX shares to hold for 5 years

Motley Fool contributor 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 and has recommended Alcidion Group Ltd and Pointerra Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Booktopia Group Limited. The Motley Fool Australia has recommended Alcidion Group Ltd and Pointerra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!