Innovation stays ripe ground for youthful organizations to try their hand at putting new tech arrangements in place. That implies financial specialists will discover a lot of stocks to look over.
We have chosen four penny tech stocks for you to consider. These stocks were picked in light of their situations in their industries.
Zix Corporation (ZIXI)
Zix is an email provider. It centers around secure informing, promoting itself to corporate and government elements. The one of a kind methodology of encryption, combined with abstaining from downloading, makes this an appealing company.
With deals rising 65% over the last five years, Zix is making progress. It tends to extend all through the market class, as it trades over $5 per share now and again, and after year-to-date gains of around 31%, the stock is as of now trading at $5.87. As you may expect, the organization is small, with a market cap just shy of $318 million. Income has been growing quickly in the course of recent years. With information breaches and protection concerns attracting more attention on cybersecurity issues, Zix demonstrates promise for financial specialists.
Average Volume: 175,318
Market Cap: $317.964 million
P/E Ratio (TTM): N/A
EPS (TTM): – $0.14
Glu Mobile Inc. (GLUU)
Glu Mobile makes apps for cell phones. It has various titles that are picking up prominence for players who utilize telephones or tablets. A significant number of the titles depend on action movies, while others depend on existing console games. Strikingly, its top title is a role-playing game based on the life of television star Kim Kardashian. This superstar focus enables Glu Mobile to remain a standout in the gaming business, as roughly 66% of its incomes originates from items intended for female gamers.
The organization has worked out of obligation and has solid cash reserves. Income has been increasing in the course of the last four quarters and keeping in mind that working capital is negative, the organization has been narrowing its liabilities. Glu Mobile is spending on innovative work to locate its next hit. The potential for this stock depends on its industry, as games keep on growing in fame and gamers will attempt new games regardless of whether they are from leading organizations or not. The stock gapped up by around 15% as the markets reacted to upbeat guidance issued along with the late-July earnings report, and the stock has continued to post gains into September. If Glu Mobile comes up with a new hit game, it will likely send the stock soaring even higher.
Average Volume: 2,058,445
Market Cap: $1.069 billion
P/E Ratio (TTM): N/A
EPS (TTM): – $0.46
Arotech Corporation (ARTX)
This organization has consolidated two of the most exciting trends around today: drones and virtual reality. It creates technology for the military and law enforcement, offering recreations for use of force training. The organization likewise sells to the security and crisis services sectors and gives weapons simulations to aircraft and missile system frameworks. This summer, Arotech subsidiary FAAC was granted an agreement worth up to $29 million to update convoy simulators for the U.S. Marine Corps.
Arotech has put itself in place as a significant provider of surveillance and attack technologies at a time when things like drones are gaining added attention and artificial intelligence is being used. After several quarters of sideways performance, revenue up-ticked during the quarter that ended Sept. 30, 2017, while the company’s business income was positive during that period. It remained in the positive column during the subsequent quarters as well. These are positive signals for Arotech, and the stock could offer room for additional growth.
Average Volume: 114,809
Market Cap: $88.796 million
P/E Ratio (TTM): 15.32
EPS (TTM): $0.22
Plug Power Inc. (PLUG)
Plug Power is in the alternative energy industry, targeting the field of hydrogen fuel cell technology. The company gives fuel cell solutions to the handling and stationary power sectors. Based in Latham, New York, Plug Power began operations in 1997, which shows that there is some longevity to the story despite its current status as a penny stock.
Business income has been regularly negative for the past few years, and that trend is no different this year. However, the stock price may have reached a bottom in the first few months of 2017, and it broke out in March and April last year on strong trading volume. Plug Power saw its share price slide downward in November 2017 and again in early 2018, and it is now down around 24% year to date. However, the stock could offer investors solid gains as the alternative energy industry gathers strength.
Average Volume: 2,585,885
Market Cap: $393.075 million
P/E Ratio (TTM): N/A
EPS (TTM): -$0.47
Conclusion
The trouble with penny stocks is that investors have to make some educated guesses about the future. Very few penny stocks have a strong enough track record to show that they will survive. That said, the stocks on our list operate in strong industries and could have the potential to be key players in those industries.
