by Apoorva Bellapu
April 16, 2022
High demand for robotics has resulted in an exceptional performance of robotics stocks as well.
The extent to which robotics has changed our lives for the better can merely be put into words. Be it healthcare, IT, education, defense, or finance, robotics has served to be no less than a blessing. Such high demand for robotics has resulted in an exceptional performance of robotics stocks as well. In this article, we will talk about the top 10 penny robotics stocks to stake up for good returns.
iRobot Corporation
This company is known for coming up with innovative advances in artificial intelligence to make products smarter for consumers. An interesting point to note here is that a majority of the company’s hedge funds are bullish.
Rockwell Automation
If there’s one name that comes to our mind when it comes to industrial automation and digital transformation solutions, it has to be that of Rockwell Automation. The company has carved a niche for itself in offering a wide range of products such as programmable automation controllers, human-machine interface products, sensing devices, etc. All in all, this robotics stock is worth an investment.
Fanuc Corporation
Fanuc Corporation has a list of products to its name including servo motors, lasers, robots, and electric injection molding machines, among others. Over a period of time, the company has seen improving profitability thereby throwing light on how good of an investment this stock could be.
ABB Ltd
ABB Ltd. makes and sells robotics, motion, and industrial automation products. As far as the company’s performance is concerned, the year 2022 started on a very positive note. The company has taken some key decisions that are set to drive the sales. Well, you wouldn’t want to miss out on the high returns, would you?
UiPath Inc.
Though this is a debutant in the market, the performance has been phenomenal – so much so that the investors are highly inclined towards it. The fact that a lot of investment advisors like Wells Fargo and Cowen are bullish on UiPath Inc. talks volumes about the potential this robotics stock has.
Novanta Inc.
Novanta Inc. has gained wide recognition for providing electronic equipment and instruments to original equipment manufacturers. Yet another reason why this stock is unique and worth investing in is that an overwhelming majority of the shares are held by institutional investors.
Omnicell, Inc.
Omnicell, Inc. is also known for providing automation solutions. The sector catered to is that of the health industry. Industry experts, too, believe in the fact that Omnicell, Inc. is quite a good robotics stock trending right now.
iRhythm
iRhythm as a medical device company grabbed eyeballs for its Zio Patch cardiac monitoring system. This company enjoys a market cap of about US$3.5 billion. The services are cost-effective which is why the company has gained attention from everywhere across. No wonder, the stock prices would shoot up.
Zebra Technologies
This is a very well-known company that specializes in the automation space. Zebra Technologies is known for developing mobile computing devices to help employees of a company work more effectively and efficiently. With a market cap of about US$32 billion, the company has already carved a niche for itself.
Intuitive Surgical Inc.
This robotics company offers robotic-assisted, minimally invasive surgery equipment and solutions. Intuitive Surgical Inc. is a global technology company with a market cap of about US$130 billion.
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Source: https://www.analyticsinsight.net/top-10-penny-robotics-stocks-to-stake-up-for-good-returns/