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Artificial Intelligence and Emerging Technologies Report

Two AI-Based Companies Demonstrating Promising Growth Prospects – IPG, AIM

Jun 19, 2024

IPG:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)
AIM:ASX
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (AU$)

This report is an updated version of the report published on the 19 June 2024 at 12:30 PM AEST.

Company Overview: Overview: IPD Group Limited (ASX: IPG) is an automation and electrical distributor based in Australia. Company is predominantly engaged in selling electrical infrastructure products to customers, electrical wholesalers, contractors, switchboard manufacturers, power utilities and system integrators. Ai-Media Technologies Limited (ASX: AIM) is a global provider of live and recorded captioning, transcription, and translation services. The company specializes in delivering highly accurate, secure, and cost-effective captioning solutions to top broadcasters, enterprises, and government agencies through its AI-driven LEXI automatic captioning technology. This Global Artificial Intelligence & Emerging Technologies Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Key metrics, Company details, technical guidance & Stock recommendation, and Price chart.

Section 1.0: Key Metrics in Pictures

Having looked at the key financial metrics above the below sections provide in-depth fundamental, and technical analysis on this Artificial Intelligence Stock along with recommendation, technical support, and resistance level & indicative stop-loss.

Section 2.0: IPD Group Limited (‘Speculative Buy’ at AUD 4.290 at current market price per share as on 19 June 2024)

2.1 Company Details

2.2 Valuation, Technical Summary & Stock Recommendation

The stock has increased by ~2.3% in last one month, and over the last three months, it has moved up by ~0.22%. The stock has a 52-week low and 52-week high of AUD 3.604 and AUD 5.420, respectively and is currently trading below the 52-week high-low average. IPG was last covered in a report dated ’27 July 2023’.

Ai-Media Technologies Limited (ASX: AIM)

Section 3.0: Key Metrics in Pictures

Having looked at the key financial metrics above the below sections provide in-depth fundamental, and technical analysis on this AI-Based Stock along with recommendation, technical support, and resistance level & indicative stop-loss.

Section 4.0: Ai-Media Technologies Limited (ASX: AIM) (‘Speculative Buy’ at AUD 0.350 current market price per share as on 19 June 2024)

4.1 Company Details

4.2 Valuation, Technical Summary & Stock Recommendation

The stock has increased by ~19.2% in last six months, and over the last nine months, it has moved down by ~13.3%. The stock has a 52-week low and 52-week high of AUD 0.250 and AUD 0.425, respectively and is currently trading above the 52-week high-low average. AIM was last covered in a report dated ’04 Nov 2022’.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical issues prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 19 June 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.


Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.