Tech Industry and Penny Stock Basics
Amazon (AMZN), Apple (AAPL), and Google (GOOGL) may be the big three technology companies of today, but they all started somewhere much smaller.
Keeping an eye on today’s tech penny stocks may not make you an overnight millionaire, but it can be a good way to earn a profit while trading.
So. What exactly is a penny stock?
Penny stocks are those that trade on the stock market, either on the major markets like NASDAQ and the New York Stock Exchange (NYSE) or over-the-counter markets for less than $5/share. These stocks are often in the startup stage, so there is always some risk involved with trading penny stocks. Stock prices change in real-time while the markets are open.
In this article, we’ll show you some of the top penny stocks in the tech industry.
If you’re not ready to buy anything from our list of penny stocks yet, you can use a stock screener tool to watch the prices of these and any other tech company you may be interested in investing in.
Penny Stock Watchlist: The Fast-Growing Tech Penny Stocks You Need to Know
Ideanomics, Inc. (NASDAQ: IDEX)
Ideanomics Inc. focuses on fintech and e-mobility. It has multiple businesses but focuses on commercial fleet operations. Across its portfolio are three major pillars: vehicles, charging, and energy. This company is helping fleet operators save money and helping the planet by cutting greenhouse gas emissions.
Ideanomics businesses include:
- US Hybrid: This business focuses on the technology behind zero-emission transportation. They specialize in powertrain components for hybrid and electric vehicles and fuel cell transportation applications.
- Wave: This company provides high-power wireless charging systems. They offer modular systems ranging anywhere from 125kW to 500kW to power various commercial applications from mass transit systems to distribution centers and warehouses.
- Soletrac: This business focuses on 100% battery-powered tractors to help with the movement to zero-emissions agriculture.
- Timios: This business focuses on improving the real estate transaction experience.
Over the past year, according to MarketWatch, their stock had a low of 80 cents per share, and a high of $5.53 per share, with a market cap of 1.29B.
Sun Pacific Holding Corp. (OTCMKTS: SNPW)
Sun Pacific Holding Corp. is a company focused on building smart cities across America. The goal is to build cities that are powered by renewable energy. Based in New Jersey, the company has multiple subsidiaries.
- Sun Pacific Power Corp: This company develops various solar and lighting products, all designed to be environmentally friendly. They develop and deliver turnkey solar systems.
- Street Smart Outdoor: This is an outdoor advertising company focused on street furniture. They offer advertising on bus shelters and benches and solar trash bins in small towns on main, high-trafficked roads.
- Med Recycler: This is an in-progress project. Once complete, the processing facility aims to turn waste into renewable energy. The goal is to support the medical community and generate enough energy to power more than 1,000 homes for a year.
According to Yahoo Finance, the stock has a 52-week low of less than a penny per share, and a 52-week high of 35 cents per share, with a market cap of 40.84M.
This is an OTC stock not traded on the major stock markets, so there is always an extra risk, even in the short term.
Extreme Vehicle Battery Technologies Corp. (OTCMKTS: CRYBF)
Extreme Vehicle Battery Technologies Corp. is a company that develops, handles data verification, and provisions security services through its subsidiary, 1Linx. It was founded in January of 2015 and is headquartered in Vancouver, Canada.
As a software solutions company, they provide application programming interfaces (APIs) for operator lookup, customer lookup, and IP information. They also develop and implement blockchain, closed-loop, distributed ledger, and cryptocurrency (similar to Bitcoin) services for commercial and government partners.
According to MarketWatch, the 52-week low is CAD$0.01, and the 52-week high is CAD$1.00. The market cap is $107.03M. Even though those kinds of numbers sound low, the current stock value represents a 523.50% growth over the past 12 months!
Sonim Technologies (NASDAQ: SONM)
Sonim Technologies is a company that builds “rugged” mobile phones and accessories for first responders and those in careers that require sturdy equipment.
The company was founded in 1999 and is headquartered in Austin, Texas. Beyond smartphones, Sonim Technologies produces remote speaker microphones, in-vehicle hands-free voice communications systems, and SmartScanner products. These include an Android-based handheld computer and an Android-based tablet.
The company has footprints in transportation and logistics, manufacturing, construction, and facilities management across a variety of sectors. They sell products and services to wireless networks across the United States and Canada.
Recently, the company has been in the news because its XP8 Android Headset is now supported by the mission-critical standards-based FirstNet push-to-talk (PTT) solution from AT&T.
Why is this a big deal?
FirstNet is an AT&T project built in a public-private partnership with the First Responder Network Authority, also known as FirstNet Authority. It is an independent agency that’s part of the U.S. federal government and designed as part of public safety.
The “much-needed” technology upgrade means that first responders can quickly and easily access the critical information they require daily for every emergency.
The FirstNet PTT technology allows first responders to use their smartphones, feature phones, and tablets while on the job to get the information they need when they need it.
According to Google Finance, this company has a 52-week low of $0.42 per share and a 52-week high of $1.70 per share at the time of publication.
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There you have it! Some of the best penny stocks in the tech industry that you can start exploring today.
Now that you’ve read about some of the top tech penny stocks available right now, stay up to date with the latest penny stocks news across various industries.
If the technology sector isn’t your realm, but you still want to trade penny stocks, you can find more with WALLSTNOW.
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Disclaimer: All investments involve the risk of loss. Nothing on this website should be misconstrued as investment advice. Any reference to an investment’s historical or projected performance is not a recommendation or guarantee of profit or desired outcome.