September 5, 2018
Nearmap Ltd (ASX: NEA)
Geospatial map technology company Nearmap Ltd shares have been hovering in 52-week high territory since late August, when the stock reached an all-time high of $1.86.
Nearmap is at $1.76 at the time of writing and as an emerging player, has recently caught the eye of
Morgan Stanley for its annualised contract value (ACV) acceleration with sales productivity on the up as the company continues to make solid gains.
Nearmap’s share price shot up 4% on the day of its FY18 results report last month as the company revealed it was closing off the year debt-free, with $17 million in cash and continued growth in its onshore and offshore markets with increasing leverage out of its US division.
Investors will be on watch as Nearmap continues to up its subscriber numbers.
https://www.fool.com.au/2018/09/05/3-shares-flying-at-52-week-highs/
