Maris -Tech - Drone Techology

Summary

• Maris Teck (MTEK) has shown strong technical buy signals, gaining 128.57% since the Trend Seeker buy signal on 11/27, and boasts a 342.19% gain in the last year..

• The company recently completed development of its Uranus-Drones, receiving its first major order, with deliveries expected by the end of 2024..

• MTEK's products, used in various high-tech markets, include low latency video encoding/decoding platforms and ultra-low-latency streaming solutions, serving defense, security, and autonomous vehicle sectors.

• Despite strong technical indicators, the stock is considered volatile and speculative, with CFRA's MarketScope issuing a sell rating and MorningStar noting it is 6% overvalued.

The Chart of the Day belongs to the drone technology company Maris Teck MTEK . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/27 the stock gained 128.57%.

Maris-Tech Ltd. announced that it has completed the development of its Uranus-Drones, an advanced video payload for unmanned aircraft systems, which is now ready for market launch. The company received its first order for hundreds of units from a prominent drone manufacturer, with deliveries expected by the end of 2024. The Uranus-Drones utilize proprietary technology for seamless HDMI connectivity and edge processing, allowing for effective tracking, detection, and real-time data collection.

MTEK Price vs Daily Moving Averages:

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, civilian and home security, and defense and homeland security markets in Israel, the United Kingdom, Australia, the United States, and internationally. The company offers low latency video encoding and decoding platform to handle multiple video channels; dual channel low power encoder systems; miniature recording and streaming platforms; miniature intelligent video surveillance solutions; power and modular video encoding/decoding platform; and ultra-low-latency streaming solutions. Its products are used in drone, robotic, defense, homeland security, HLS, intelligence gathering, autonomous vehicle, and space markets and applications. The company was incorporated in 2008 and is based in Rehovot, Israel.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 211.91+ Weighted Alpha
• 342.19% gain in the last year
• Trend Seeker buy signal
• 1.30 - 60 month Beta
• Above its 20, 50 and 100 day moving averages
• 10 new highs and up 128.57% in the last month
• Relative Strength Index 74.16%
• Technical support level at $4.47
• Recently traded at $4.80 with 50 day moving average of $2.47

Fundamental Factors:

• Market Cap $38 million
• At present there are no Wall Street analysts follooing this stock

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• CFRA's MarketScope has a sell based on quant factors
• MorningStar thinks the stock is 6% over valued
• Only 351 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.