We recently compiled a list of the 10 Micro-, Small-Cap Firms Were Last Week's Top Performers. In this article, we are going to take a look at where NetClass Technology Inc (NASDAQ:NTCL) stands against the other stocks.

Micro- and small-cap companies dominated the stock market last week, clocking in impressive gains on the back of a flurry of catalysts that boosted investing appetite.

We named last week’s top 10 performers that outperformed the Russell 2000 index, which dropped by 4.04 percent week-on-week. Among them, one firm particularly stood out with its outstanding 317-percent jump, thanks to a $1-billion deal that could fuel its growth prospects.

To come up with the list, we considered the stocks with the highest week-on-week change, comparing their share prices on March 7 and February 28.

We classified micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $2 billion.

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NetClass Technology Inc (NASDAQ:NTCL)

NetClass Technology Inc (NASDAQ:NTCL) saw its share price grow by 43 percent last week to end at $10.27 apiece from its $7.14 closing price on February 28. Similar to its Chinese peers, the firm has also been riding on the booming artificial intelligence industry in China.

NetClass Technology Inc (NASDAQ:NTCL) is a newly-listed company that debuted on the US stock exchange on December 13, 2024, yet its last share price already marked a 105.4-percent increase from its $5 close on its first trading, underscoring investor confidence.

During its initial public offering, NetClass Technology Inc (NASDAQ:NTCL) successfully raised as much as $9 million from offering 1.8 million ordinary shares, as well as another $1.35 million from the full exercise of the underwriters’ allotment option.

According to NetClass Technology Inc (NASDAQ:NTCL), proceeds from the offer will be used to fund the development of its courseware and online technology platform, expansion of application development service and subscription services, marketing and brand building, as well as for working capital and general corporate purposes.

Overall NTCL ranks 10th on our list of last week's top performers. While we acknowledge the potential of NTCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NTCL but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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  Disclosure: None. This article is originally published at  Insider Monkey.