Shares in Value Logo
Product Review Img Vertical

Date : 17/03/2021

Why did Kyckr (ASX:KYK) trade higher today?

Kyckr is a B2B information services company that aggregates, organises and structures the world’s primary source company data to help businesses reduce the risks associated with counterparty relationships. This helps organisations to avoid the significant regulatory and commercial costs associated with using poor quality data. This accurate data and innovative technology enables Kyckr to help businesses succeed in the fight against fraud, money laundering and financial crime.

Kyckr shares were on a downward trend going into the pandemic. But since the crash in March 2020, they recovered quickly and returned 54% in the past 1-year. Kyckr shares have always been subject to lots of volatility. Kyckr shares were trading 18% higher today on the back of an announcement where Kyckr has collaborated with BAE Systems to tackle anti-money laundering and compliance challenges of regulated firms.

BAE Systems is a firm that works with nations, governments and businesses around the world and helps them defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.

The partnership agreement will enable all the mutual customers to access Kyckr’s network of over 180 registries and 170 million entities across 120 countries. This gives Kyckr a significant competitive advantage in its sector. According to studies, the global KYC market was estimated at $257.23 million in 2019 and is expected to reach $1,015.36 million by 2026 and is expected to grow at a compound annual growth rate (CAGR) of 22% from 2019 to 2027, and Kyckr is targeting this large market.

On the back of this announcement, Kyckr shares closed at $0.069.

Looking for Assistance to Choose the Right Stocks?

Growth stocks are potentially one of the hardest to pick as there are a lot of factors that need to be considered – from industry tailwinds to the financial health of the individual stocks and a lot of little things in between them. Shares in the Value research team have picked their top 3 ASX stocks to buy in 2021. Click here to download the report for free.



Are You Looking To Buy The Best Stocks In 2024?

Stay on top of upcoming market trends! Whether you are an SMSF investor or a young investor with your portfolio, we cover a wide range of stocks across all sectors, including mining, financials, industrials, real estate, technology, health and biotech, etc. It will give you an edge to invest and trade ASX listed stocks across large, mid and small caps with an advantage.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2024!


Top 5 ASX Stocks
to Buy for Capital Growth in 2024

Shares In Value - Top 5 ASX Stocks to Buy - Cover 2024
The hardest part to finding growth stocks is having an ability to understand the finer details of these companies from their valuations through to first mover advantage and having key factors on hand to make informed investment decisions.

Our experts take the guesswork out.
ASX insight Stocks Landing

Download Your Free Report

By downloading this report, you agree to our terms and conditions and privacy policy

Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY

Income Stocks - Blogs

Please fill in your details to download the free dividend shares report.

By downloading this report, you agree to our terms and conditions and privacy policy

Just 10 Seconds Away From Your Free Report!
Income Stocks - Popup Blog

Please fill in your details to download the free dividend shares report.

By clicking 'Download Report', I accept the Privacy Policy and Member Terms & Conditions.

We will send your report instantly. Please put your correct email address and phone number.