Penny shares (these buying and selling beneath $5 per share) are all the time attention-grabbing. Buyers will all the time be drawn to the thought of selecting up twenty or extra shares for beneath $100. The chance is engaging as a result of the thought of discovering a hidden gem that may multiply in worth in a single day has mass enchantment.
Tech shares alternatively, swing out and in of style. It’s no secret that the sector has had a tough go of it in the previous couple of months. After tech shares ran means up in 2020, buyers determined to take some income off the desk in 2021.
That motion cooled costs, making a swing within the different course. Meaning there’s now an inexpensive argument that there are extra offers available in tech shares than there was six months in the past.
Buyers who scour the web ought to discover that the confluence of penny shares and tech shares has a number of sturdy factors of attraction at current. That makes these seven tech penny shares worthy of your consideration.
- ZW Knowledge Motion Applied sciences (NASDAQ:CNET)
- ImagineAR Inc. (OTCMKTS:IPNFF)
- Borqs Applied sciences (NASDAQ:BRQS)
- Tremendous League Gaming (NASDAQ:SLGG)
- Exela Applied sciences (NASDAQ:XELA)
- Senseonics (NYSE:SENS)
- Assist.com (NASDAQ:SPRT)
High Tech Penny Shares: ZW Knowledge Motion Applied sciences (CNET)
There’s each purpose to nonetheless imagine within the development of China and Chinese language firms. Rhetoric apart, China continues to be a quickly growing nation with alternative throughout many verticals and the potential of meteoric development.
ZW Knowledge Motion Applied sciences not too long ago launched information that places it in place to leverage the speedy development current within the Chinese language market. The news relates to ChinaNet On-line Know-how, a completely owned subsidiary of the built-in web promoting, precision advertising, analytics, and blockchain firm. The information is that ChinaNet On-line Applied sciences turned a licensed promoting service supplier for Tencent Holdings (OTCMKTS:TCEHY). Tencent is a big firm that operates in fintech, promoting and cell gaming segments.
The transfer permits ZW Knowledge Motion Applied sciences to leverage Tencent’s model recognition and offers it a a lot better viewers.
ZW Knowledge Applied sciences had already begun 2021 auspiciously. The primary quarter noticed the corporate increase revenues by 91.5% over the identical interval in 2020. The corporate isn’t struggling massive losses like many younger firms do. In reality it has been flirting with breaking even for a number of latest quarters. Though it posted a gross lack of $720,000 in first-quarter 2021, that determine was a revenue of $900,000 a yr earlier.
ImagineAR Inc. (IPNFF)
ImagineAR Inc. is an organization with a really cheap inventory. It is usually an organization with a cloud-based augmented actuality (AR) platform. The corporate delivers interactive content material to customers by means of the platform.
IPNFF inventory’s 15 cent worth, mixed with the potential of augmented actuality and content material, make it price keeping track of.
ImagineAR permits companies to create AR campaigns with little or no tech aptitude. The end result is that clients can level their cell gadgets towards “logos, indicators, buildings, merchandise, landmarks and extra to immediately interact movies, data, commercials, coupons, 3D holograms and any interactive content material all hosted within the cloud and managed utilizing a menu-driven portal.” The corporate boasts a consumer record that features a number of minor league groups throughout completely different sports activities, Orange Principle Health, Grubhub (NYSE:GRUB) and NBA group the Sacramento Kings.
If ImagineAR can construct out throughout not solely sports activities, but in addition retail, fundraising, and promoting, and create income, it would rapidly recognize in worth. It’s price being attentive to as a fledgling firm within the quickly rising augmented actuality house.
High Tech Penny Shares: Borqs Applied sciences (BRQS)
Borqs Applied sciences is an embedded software program and merchandise firm working inside Web of Issues (IoT). The corporate is an answer supplier for Android-based cell gadgets inside IoT. The corporate builds embedded merchandise which have utility in sensible telephones, tablets, watches, trackers, wearables, autos, dwelling home equipment, machines and sensible cities.
Buyers should buy BRQS inventory for beneath $1 proper now — it trades at about 92 cents. Nevertheless, it peaked above $3 again in February.
Borqs Applied sciences not too long ago acquired land use rights for a 1.7 million square foot industrial park in Huzhou, China. The information was introduced on June 7, and the commercial park is anticipated to be operational by the top of June. The main focus of the challenge consists of “5G cell applied sciences R&D and incubation actions, IoT merchandise manufacturing and showcases, in addition to internet hosting services for guests.”
The expansion of IoT, paired with tech energy in China makes Borqs Applied sciences attention-grabbing. The brand new industrial park will give the corporate an elevated footprint at low cost costs, indicating that the federal government needs to see the corporate succeed.
Tremendous League Gaming (SLGG)
Tremendous League Gaming is an organization targeted on connecting avid gamers. Because the company notes: “Tremendous League’s mission is to be an beginner esports expertise platform that connects and celebrates gamers, no matter their age, recreation, or talent degree.”
Gone are the times through which gaming is a person endeavor. Not way back, the extent of the shared gaming expertise included a most of some gamers huddled round a gaming platform enjoying in opposition to each other. Gaming has quickly advanced into an expertise that’s rapidly turning into international in scale. And the content material side of gaming and the emergence of esports can’t be overstated in connection to the rise of gaming’s reputation.
That’s a part of the explanation that Tremendous League Gaming is attention-grabbing as an esports group and gaming platform content material supplier.
The corporate can be rising by means of acquisitions. On Might 27 firm shareholders authorised a 12.6 million share issuance to fund the corporate’s acquisition of Mobcrush. The acquisition will give Tremendous League Gaming a month-to-month audience size of 75 million individuals. It’s pretty apparent why buyers can be prepared to throw $100 into 20 SLGG shares given how prevalent gaming tradition has grow to be.
Though SLGG is barely above $5 at the moment, which technically takes it out of the true penny inventory group, it stays noteworthy.
High Tech Penny Shares: Exela Applied sciences (XELA)
Exela Applied sciences is a Texas-based firm that gives transaction processing providers and data administration at an enterprise scale.
Though Exela is massive, with almost 20,000 workers, its inventory is comparatively low cost at $1.60. Companies immediately are more and more involved with inefficiencies that exist inside their processes. Distributors like Exela Applied sciences that may automate these processes, thereby decreasing bills, will all the time be in demand.
Whereas Exela Applied sciences helps companies automate and cut back bills, its personal points do stay. The corporate reported blended 2020 full-year results in mid-March.
Revenues declined by 20.2% from 2019 to 2020 for the corporate. Nevertheless, the corporate additionally managed to cut back its loss from $304.1 million to $88.9 million in the identical interval. It additionally managed to attain its fifth consecutive quarter hitting income steering at the moment.
And the market has been bullish and bearish on XELA inventory on account of the blended outcomes. Shares at the moment commerce for $1.47, however they’ve peaked above $4.60 only a few months in the past. It’s clear that the inventory can create fast paper positive factors for these prepared to take the chance.
Senseonics is an organization on the junction of healthcare and tech. It produces Eversense, a glucose monitor with a sensor, transmitter and cell utility to be used in diabetes management.
The corporate’s web site claims that it has created the primary and solely long-term, implantable steady glucose monitor. Actually it would have competitors within the sector if it certainly doesn’t already. It’s no secret that diabetes is on the rise in the USA. 30 million Individuals at the moment have diabetes, and another 84 million are categorized as being pre-diabetic.
Alarming stuff to make certain. Senseonics’ sensor supplies steady blood glucose monitoring for as much as 90 days and eliminates using fingerstick monitoring.
SENS inventory is on the rise of late. It has risen roughly 33% between June 10 and 11 on no speedy information. Maybe markets are reacting to news launched originally of the month referring to trials.
High Tech Penny Shares: Support.com (SPRT)
Assist.com, like Senseonics, has been on the rise recently. On June 1, SPRT inventory was buying and selling round $2.55, and shot as much as $4.30 by June 10. The catalyst for this motion occurred on June 3 after they launched their new buyer and technical help options service.
It introduced a new service offering will “…deliver dependable and 24/7 on-demand buyer help to rising fintech leaders, cryptocurrency and NFT platforms, exchanges, and pockets OEMs. The brand new choices, together with Assist.com’s Homesourcing(SM) Cloud Platform and Crypto Concierge(SM) service, will remedy buyer and technical help points and supply schooling round cryptocurrency and monetary providers, leveraging the corporate’s proprietary safety software program and deep institutional information to satisfy rising market curiosity and demand for crypto-based buyer help providers.”
The corporate additionally introduced that it might start to simply accept Bitcoin (CCC:BTC-USD) funds. Additional, the brand new service providing intends to assist remedy clients’ issues and reply questions on crypto at any time when they arrive up. Meaning 24/7 Q&A concerning crypto. It’s a huge pivot, but when help.com can fulfill that demand, it’s clear that there’s some huge cash to be made.
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Learn Extra: Penny Shares — How to Profit Without Getting Scammed
On the date of publication, Alex Sirois didn’t have (both straight or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.
Alex Sirois is a contract contributor to InvestorPlace whose private inventory investing model is targeted on long-term, buy-and-hold, wealth-building inventory picks. Having labored in a number of industries from e-commerce to translation to schooling and using his MBA from George Washington College, he brings a various set of expertise by means of which he filters his writing.