These 3 ASX tech shares had a cracking day on the ASX today

Some ASX tech shares were on fire this Friday…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It ended up being a very pleasing end to the week for ASX investors this Friday. As of market close, the All Ordinaries Index (ASX: XAO) has closed up a healthy 0.59% at 7,250.3 points. But many ASX tech shares fared even better.

So let's check out three that had an absolutely cracking end to the trading week on the ASX today.

Group of people cheer around tablets in office

Image source: Getty Images

3 ASX tech shares that had a cracking day on the ASX today

Novonix Ltd (ASX: NVX)

Our first ASX tech share to check out is battery tech company Novonix. Novonix shares had a corker rising a pleasing 13.65% to $3.08 a share over today's session.

This staggering move was despite a complete absence of any news out of the company, as my Fool colleague Bronwyn covered earlier. This latest move means that the Novnix share price is now up more than 32% over the past month alone.

Saying that, the company remains down a painful 70% or so over 2022 thus far. Its current 52-week high of $12.47 still looks like a long way off too.

Weebit Nano Ltd (ASX: WBT)

Next up is ASX tech share Weebit Nano. Weebit Nano shares enjoyed more than a (apologies) wee bit of a gain today. The semiconductor company rose an impressive 9.06% over today's session to finish up at $3.01 a share.

There's been no news out of this company since its investor presentation that was released on Monday. This was initially poorly received. But since Tuesday, Weebit Nano shares have risen by more than 12%, so perhaps investors have changed their minds.

Life360 Inc (ASX: 360)

Finally, we have location-sharing software company Life360. As you might guess, Life360 shares also had a very successful trading day this Friday.

The company ended up closing at $4.96 a share, up a healthy 5.76%. This one is a little more of a mystery. The company hasn't put out much in the way of news at all in recent weeks. Yet it has risen close to 15% since Wednesday this week.

Perhaps the bullish broker note my Fool colleague James went through late last month could have played a role. Broker Bell Potter rated the company as a "buy", with a share price target of $7.50. That might have tempted a few buyers this week.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

a man wearing spectacles has a satisfied look on his face as he appears within a graphic image of graphs, computer code and technology related symbols while he concentrates on a computer screen
Technology Shares

Top ASX 200 tech shares to buy right now: Morgans

It’s time to jump on some leading players in the tech sector, according to one broker.

Read more »

A young woman sits on her lounge looking pleasantly surprised at what she's seeing on her laptop screen as she reads about the South32 share price
Technology Shares

These ASX tech shares are buys: Goldman Sachs

Goldman Sachs speaks very highly about these tech shares.

Read more »

A young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Technology Shares

Xero share price dips 3% amid Silicon Valley Bank fallout

Xero has been caught up in the Silicon Valley Bank collapse.

Read more »

A worried man holds his head in his hands
Technology Shares

These ASX tech shares have exposure to the Silicon Valley Bank collapse

The second-largest banking collapse in US history occurred last week.

Read more »

asx share price resignation represented by man kicking miniature man through the air
Technology Shares

Novonix shares will soon be booted out of the ASX 200. What might this mean for investors?

ASX 200 share Novonix will soon be just an All Ords share.

Read more »

Technology Shares

Is the new leaner, meaner Xero stock a buy right now?

Is this tech stock a buy after announcing major cost reductions?

Read more »

A young woman with her mouth open and her hands out showing surprise and delight as uranium share prices skyrocket
Technology Shares

Why is the Xero share price racing 11% higher today?

Investors have been fighting to get hold of Xero's shares on Thursday.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Technology Shares

The ASX 200 tech shares I'd be thrilled to buy at a 20% discount

I’d love to go shopping for these tech names if they heavily dipped.

Read more »