The 3 best bot stocks to buy for 2023

The 3 best bot stocks to buy for 2023

The robot revolution is not coming. It’s already here. Increasingly , Robots dominate our lives which come in a variety of forms. In many cases, we’re familiar with robots cleaning our floors, delivering packages to our homes, or providing us with directions in our cars. But in many other cases, we don’t realize that robots help doctors perform surgery on us, manufacture devices we use every day, and answer us in customer service conversations. Robots are becoming common in modern life. This trend is likely to continue. With the robotics revolution in full swing, here are the top three robotic stocks to buy for 2023.

Will the global robotics market up to $ 214.68 billion by 2030 and is expected to increase at a compound annual growth rate of 22.8%, according to The future of market research. Unsurprisingly, leading companies are looking forward to participating in the event.

Last August, the e-commerce giant Amazon (NASDAQ:AMZN) make a deal to get iRobot (NASDAQ:IRBT) for $61 per share in an all-cash transaction valued at $1.7 billion. iRobot is best known as the maker of home robots like the Roomba vacuum cleaner and other devices that do household chores on behalf of consumers.

KRKNF Kraken robots 43 cents
TER Teradine $93
Butz Global X Robotics and Artificial Intelligence ETF $21.25

Best Robotic Stocks for 2023: Kraken Robotics (KRKNF)

Source: Shutterstock

We’ll start with a small, highly specialized company called Kraken robots (CVE:PNG). Based in the Canadian province of Newfoundland, Kraken Robotics is a marine technology company Underwater robots are made and robotic systems that are used to survey and map the ocean floor, lay cables in the ocean depths, and tow equipment in the depths of the water using robotic submersible vehicles. The company gets most of its business from the offshore oil, gas and renewable energy sector. Kraken Robotics also has some military contracts, most notably with the Canadian Navy.

While the stock price of Kraken Robotics is dipping into penny stock territory and trading at just 43 cents, there are plenty of reasons to like this security.

PNG stock is up 53% in 2022, is up 61% in the past 12 months, and has gained 222% over the past five years. And it’s not a stock meme. Earnings per share have accumulated at a steady and continuous pace. Another reason to be bullish on Kraken Robotics is that the company has it acquired PanGeoanother technology company that will help diversify Kraken’s revenue streams and enhance its underwater imaging offering.

Finally, Kraken is helping pioneer bots as a service (RaaS), which involves companies paying recurring fees to access a company’s various bots products, services, and data.

teradine (TER)

From a small, niche company, we’re moving into one of the world’s largest and most respected robotics giants, headquartered in Boston Teradine (NASDAQ:TER). Founded in 1960 by two MIT graduates, Teradyne is the first shop to set up shop above a hot dog stand. From its humble beginnings, the company has grown into one of the largest manufacturers of industrial robots in the world, with approximately 6,000 employees and Annual revenues of $3.70 billion. While the company also tests electronic products ranging from semiconductors to laptops, it’s the development of robotics that really powers its business these days.

Specifically, Teradyne specializes in what are known as “collaborative robots” or “cobots”. These are the robots that work alongside humans in industrial manufacturing and assembly lines, helping to make everything from cars to refrigerators. Increasingly, Teradyne robots are also being used in sectors ranging from agriculture to warehouses, where they help harvest crops and move heavy loads.

Like all big tech companies, TER shares have been smoked out this year, down 44% in 2022 and trading at $93 a share. However, its stock price has increased 120% over the past five years. Stock The price-earnings ratio is 20 Reasonable, and it pays a quarterly dividend of 11 cents a share, which is good for a yield of 0.48%. That’s not bad, given that most tech stocks don’t pay a dividend at all.

Global X Foundation for Robotics and Artificial Intelligence (BOTZ)

A robot built in the essence of a human being raises his hand to his chin, which means deep thought

Source: Phonlamai Photo / Shutterstock.com

We’ll end up with an exchange-traded fund (ETF) that spans the spectrum of the robotics and AI space. The Global X Robotics and Artificial Intelligence ETF (NASDAQ:Butz) is an exchange-traded fund focused on the growth of the robotics sector. The fund’s net assets are currently $1.34 billion, which includes its principal holdings Leading robotics companies Such as ABB (New York Stock Exchange:ABB), Intuitive surgery (NASDAQ:ISRG), And the UIPATH (New York Stock Exchange:road). The fund also owns shares in tech giants such as nvidia (NASDAQ:NVDA), whose semiconductors and microchips power robots, artificial intelligence, and supercomputers around the world.

The mid-term ETF has an expense ratio of 0.68%, and it pays a semi-annual dividend of 5 cents per share at a yield of 0.26%. While the BOTZ ETF is down 41% in 2022 and is trading at $21.25 a share, it has gained 44% since its inception in 2016.

Most of its holdings consist of well-established robotics and AI companies that have been around for years if not decades. There are very few startup or speculative holdings in the fund. For investors interested in exposure to The growth of the robotics sector, a BOTZ ETF could be the way to go. The diversification of the fund’s holdings also helps reduce the potential risks that can come with owning shares of a single company in a booming industry like robotics.

On the date of publication, Joel Bagloul He did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com Publication guidelines.

Joel Bagloul has been a business journalist for 20 years. He spent five years as a reporter for The Wall Street Journal, and has also written for The Washington Post and Toronto Star, as well as for financial websites such as The Motley Fool and Investopedia.

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