Introduction
Augmented reality (AR) technology has come a long way in recent years, and it’s rapidly gaining a foothold in various industries, including entertainment, education, retail, and healthcare. Companies that specialize in developing AR technology are becoming more attractive to investors, especially those that are trading below $5. In this article, we’ll take a closer look at five rising augmented reality stocks under $5 to watch in 2021.
What is Augmented Reality?
Before we dive into the stocks, it’s essential to define what augmented reality is. AR is a technology that overlays digital information onto the real world. It works by using a camera and computer-generated images to blend objects from the virtual world into the user’s physical environment.
The Five Rising Augmented Reality Stocks Under $5 to Watch
1. Vuzix Corporation (VUZI)
Vuzix is an American technology company that specializes in the design and development of AR-enabled smart glasses. Its products are used across various industries, including healthcare, logistics, and manufacturing. Vuzix’s stock has been gaining traction recently, with a year-to-date return of 65%, making it an attractive option for investors.
2. NexTech AR Solutions (NEXCF)
NexTech AR Solutions provides web-based AR solutions for e-commerce, education, and entertainment. Its technology can be used to create virtual experiences, training simulations, and product demonstrations. NexTech’s stock has a year-to-date return of 141%, indicating that the company is gaining more attention from investors.
3. ImagineAR Inc. (IPNFF)
ImagineAR is a Canadian company that provides AR solutions for sports, media, and live events. Its technology can be used to create interactive experiences that engage audiences in unique and exciting ways. The company’s stock has a year-to-date return of 269%, proving that it’s a stock to watch in the AR industry.
4. KinerjaPay Corp. (KPAY)
KinerjaPay is a payment gateway company that has recently invested in the development of an AR feature for its payment platform. This decision has been well received by investors with the company’s stock exhibiting a year-to-date return of 134%.
5. Mojo Vision Inc. (Private)
Mojo Vision is a Silicon Valley tech startup that focuses on developing AR-enabled contact lenses. Its technology allows for a seamless blend between AR and the real world, creating an immersive experience. While it is not currently trading on the stock market, it’s a company worth keeping an eye on as it has attracted significant investment from various investors.
Conclusion
Investors are becoming increasingly interested in augmented reality stocks that trade below $5, and for a good reason. AR technology is gaining traction in several industries, and companies that specialize in developing AR solutions have the potential to achieve significant returns. As we’ve seen from the companies discussed above, carefully selecting stocks in this space could lead to an excellent investment opportunity.
