With the growth of the robotics industry, what are the best stocks to invest in? While there are plenty of publicly traded companies that are making news, choosing the right robotics stocks can be a bit more difficult. Many of these companies are international conglomerates, while others are start-ups or subsidiaries of larger companies.
Some are actually worthless and aren’t worth your time. But, if you want to be in the know about the latest developments in robotics, here’s a list of publicly traded robotics stocks.
ABB. This automation company has a growing market. Its latest earnings report shows a 28% year-over-year increase. The stock is poised to continue rising as manufacturers move towards digitization and smart factories. Analysts expect PTC to reach $500 million in free cash flow by 2022 and $850 million in free cash flow by 2024. While its shares are currently a bargain, it is still worth considering these companies.
Boston Dynamics. This robot company has impressive lineup of products. Its Wildcat robotic animal has the ability to travel at 32 kmph. Its LS3 load carrier robot mimics the movement of U.S. Marines. Atlas, meanwhile, is a humanoid robot that works with the U.S. military. And as it becomes more advanced, it will require more skilled techs to maintain it.
What Robotics Companies Are Publicly TradeD? The first step to investing in robotics is to read the financial statements of each company and consider the risk level you’re willing to take. Some robotics companies are profitable and pay dividends. If you’re looking for a dividend, some of the top companies include ABB, Deere, Kuka, Rockwell Automation, and Rockwell Automation. Some of these companies are part of the Robo-Stox Global Robotics & Automation Index ETF, which has over $1.9 billion assets under management and 85 holdings.
Kraken Robotics is another company to watch. The stock is traded on the OTC market, but its product is important for civilian research. These robots can perform tasks that would have been impossible for human workers if humans were the only ones working on them. Eventually, these robots could even be used to patrol the skies. The company is also investing in the industrial internet of things and augmented reality.
Some of the most innovative robotics companies are in the manufacturing industry. Manufacturing has been transformed by automation, and the stock market has responded. As corporations work to reduce costs, automation is a viable solution. Many companies are working together with robots and humans to automate their processes. They are also looking to reduce the number of human employees. By investing in robotics, you can get in on the ground floor of this revolution.
ABB Ltd. is another major player in the industrial robotics sector. With a market cap of $43 billion, ABB focuses on machine-control systems and robotics. Last fiscal year, robotics accounted for 34% of sales. You can find these machines on factory floors all around the world, especially in Asia. ABB is also a good buy for investors who are interested in the future of the industrial robot industry.
Ekso has been publicly traded since January 2014, and their robots don’t replace humans. But they do assist patients in learning to walk again. This technology is still in its infancy, but the numbers are promising. Some people in America are candidates for these exoskeletons, including elderly patients. There are already over 2.5 million people who could benefit from using these devices. What Robotics Companies Are Publicly Traded?
The list of robotics companies is continually evolving and will continue to grow in value. Some of the companies that are on the list of publicly traded robotics companies are iRobot, Nautic Robotics, Berkshire Grey, Bright Machines, Memic, Sarcos Robotics, and Virgo. Among the listed robotics companies, iRobot is one of the most promising for investors.
Intuitive Surgical is a pioneer of robotic-assisted surgery. Intuitive Surgical’s da Vinci system made its commercial debut in 2000. The robotic system helps surgeons perform procedures more precisely and reduce patient recovery times. While the company is still in its early development stage, its business model is a good one. The company generates revenue through the sale of disposable instruments as well as ongoing revenue from services and support.