Could 5G penny stocks be the next hot sector? Will we see them run like hot marijuana penny stocks and shipping stocks did in the past?
A lot of traders are always looking for the next hot penny stocks to buy. They get excited about new technology and want to jump in right away…
I don’t try to predict the market, and I don’t think you should either.
I prefer to study the past and be prepared to react when the next hot sector presents itself. So get ready…
In this post, I’ll get into what the heck 5G technology actually is, some 5G penny stocks to watch, and I’ll answer some frequently asked questions. Read on to prepare for action in 5G stocks.
Let’s do this!
Table of Contents
5G means fifth-generation wireless technology. It comes after 1G, 2G, 3G, and the most recent 4G. It’ll be faster and capable of supporting more wireless devices than previous technology. So … why should you care?
Because it promises higher peak data speeds, more connectivity and reliability, and higher performance…
Higher speeds and more connectivity will likely pave the way for new developments in tech. That means growth, competition, and more companies.
There are still a lot of unknowns about when 5G will be widely available. But in the meantime, there could be more excitement in the anticipation of the technology than when it actually arrives … That’s key for traders to understand.
Remember when marijuana stocks were the hottest sector in the market? They went on a crazy run in 2017 in anticipation of Canada’s legalizing recreational marijuana nationwide. Then when legalization day came, the stocks failed and crashed.
It’s a ‘buy the rumor, sell the news’ scenario. By the time a news release, new technology, or new product actually comes out, the hype is already priced into the stock. Then there’s no room for the stock to run, so it crashes.
It’s easy for people to get excited about new technology that could improve our daily lives. And we’ve seen a lot of changes this year in how people live and work due to the coronavirus pandemic.
So many people have switched to working from home and on the go, rather than being chained to an office desk from 9 to 5.
So it’s now more important than ever to be able to connect from anywhere with high speeds.
Before You Buy 5G Stocks
This year’s economic changes also brought a lot of new traders to the market. Some are hoping to make it rich quick, but others see the potential to make this a real career.
My millionaire students and I are proof that making money in penny stocks is possible.* But that doesn’t mean it’s easy. It takes time, dedication, preparation, and practice.
Before you jump into trading 5G or any penny stocks, make sure you have some trading education.
Trading isn’t something you can just jump into without an education. It takes time. There’s a process. It’s not a get-rich-quick scheme. Even though you can make a lot of money in a short amount of time, you have to know what you’re doing first.
My students and I don’t gamble. We trade specific patterns, then rinse and repeat. There won’t always be a big play every day but our small gains add up over time.
Wondering where to start? Join my 30-Day Bootcamp. It’s a month’s worth of lessons with daily assignments and homework. You can work at your own pace and repeat it as often as you like.
It also comes with “The Complete Penny Stock Course” book and my “Pennystocking Framework” DVD.
Start building your trading education foundation today with the 30-Day Bootcamp!
(*Please note: My results, along with the results of my top students, are far from typical. Individual results will vary. Most traders lose money. My top students and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
List of 6 Top 5G Penny Stocks Worth Watching in 2020
A lot of the “best” 5G stocks aren’t penny stocks. The 5G companies pushing the advancement of 5G tech include big players like QUALCOMM Incorporated (NASDAQ: QCOM), Verizon Communication Inc. (NYSE: VZ), and T-Mobile US, Inc. (NASDAQ: TMUS).
Those aren’t my style. I prefer lower-priced stocks, so I put together this list of cheap 5G stocks. Use this list as inspiration for your own watchlist. And always do your research before every trade.
Hewlett Packard Enterprise Company (NYSE: HPE)
Hewlett Packard Enterprise Company (NYSE: HPE) offers servers and cloud connections, hardware and software, and products through its affiliates.
HP’s new laptop, the HP Elite Dragonfly G2, is made of 80% recycled material. This is something I like since it’s better for the environment. And it will include Qualcomm’s X55 5G modem support that was available in mid-2020.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC)
ERIC has its headquarters in Sweden but operates internationally. It offers a variety of information and communication solutions.
It recently announced third-quarter earnings and announced the successful acquisition of Cradlepoint, a U.S.-based leader in wireless 4G and 5G solutions.
KT Corporation (NYSE: KT)
KT Corporation (NYSE: KT) was formerly known as Korea Telecom Corp. It provides telecommunication services worldwide.
Last month, KT announced its satellite-operating subsidiary demonstrated the world’s first connectivity between satellite and a 5G hybrid router.
If you want to be notified of which stocks I’m watching each week, subscribe to my no-cost weekly watchlist. Use my watchlist for ideas on the kinds of stocks I’m interested in and why. It can help you learn to find your own penny stocks to watch.
You can also check out my monthly penny stocks to watch blog post here.
Now, let’s look at some lower-priced 5G penny stocks to watch…
3 Cheap 5G Stocks
These are stocks for your 5G penny stock watchlist. Don’t buy or trade them without a catalyst, volume, or a trading plan.
Communications Systems, Inc. (NASDAQ: JCS)
Communications Systems, Inc. (NASDAQ: JCS) manufactures and sells connectivity infrastructure products for broadband networks. Its products are used in North America and internationally.
The stock had a nice run at the end of 2019. I always watch former runners. These stocks can run again with the right conditions. The stock also has a low float of under eight million shares. If volume comes in, it could create opportunity.
This is also a penny stock that pays dividends.
ASE Technology Holdings Co. Ltd. (NYSE: ASX)
ASE Technology Holdings Co. Ltd. (NYSE: ASX) provides semiconductor packaging and testing, as well as electronic manufacturing services. The company is based out of Taiwan but does business internationally.
It has a larger market cap than the stocks I usually trade. It will take a lot of volume for this stock to make a big move. But it released its third-quarter earnings on October 30. It’s another penny stock that pays dividends.
Nokia Corporation (NYSE: NOK)
Nokia Corporation (NYSE: NOK) is another large-cap stock, even though it trades at a low price. It’s trading in the $3s following a big drop in prices after the company lowered its profits forecast.
There are some changes going on in the company. It recently announced a new three-phase strategy to reposition the company in changing markets and to meet customer needs. Only time will tell if the restructuring works…
I won’t try to predict a move. I’ll wait for news and volume, and react if there’s a play.
I developed my Trading Challenge to help everyday traders find their own way in the markets. When I started trading, there weren’t resources like this available.
And I saw a huge lack of transparency in this industry. This is why I teach now. I want anyone who’s dedicated to learning the process to find the support they need all in one place — the Trading Challenge.
It’s where all my millionaire students started*. It’s where you can gain access to all my DVDs, video lessons, webinars, mentorship, the best chat room ever, and so much more.
Are you ready to do the work and learn how to trade the sketchiest stocks to potentially grow your small account? Apply today. But only if you’re truly ready to work your butt off.
Frequently Asked Questions About 5G Penny Stocks
Why Is 5G a Big Deal Now?
The technology is new and still growing. That means more companies are developing new smartphones, devices, and tech with 5G capability. It can create opportunities for innovation and companies to compete to develop more advanced technology.
Who’s Leading in 5G Technology?
There are a few companies competing in the race to be the top 5G pioneer. The leading companies include Samsung, Ericsson, Huawei, Nokia, Qualcomm, and LG. If you’re looking for top 5G providers, look at T-Mobile, AT&T, and Verizon.
How Do Traders Decide Which 5G Penny Stocks to Trade?
I never blindly buy stocks based on a sector. And I don’t invest in stocks. I day trade them using the rules I’ve developed in over 20 years of trading. When I’m looking for opportunities, I scan for a stock that’s a big percent gainer, with a catalyst, and higher than average volume. Then I make a trading plan for every trade.
Where Can I Trade 5G Penny Stocks?
You can trade 5G penny stocks on any of the major exchanges or the OTC Markets. You can access these stocks through your brokerage account. But you need to make sure you can trade all penny stocks with your broker. Be sure to do thorough research before choosing a broker and make sure it fits your trading style.
Conclusion: Should I Trade 5G Penny Stocks in 2020?
I don’t make my trading plans based solely on sectors. I look for big percent gainers with volume and a catalyst.
If a 5G stock offers a trade that matches my strategy, then I’ll take it. And if it doesn’t, I won’t force a trade.
I want to stay focused on trades that offer the best opportunity to make a quick 10%–20%. Then I get out. I don’t hold stocks long term.
If you want to learn my trading strategy, apply for my Trading Challenge. You’ll get access to all my educational resources like my video lessons, weekly webinars (plus archived webinars), my DVDs, and my Challenge chat room.
All of my millionaire students have come from my Trading Challenge* … Will you be next?
What do you think of 5G penny stocks and this new technology? Let me know in the comments. I love to hear from you!
The following guide covers the Best 5G Penny Stocks to buy for the future.
The best 5G penny stocks on are GSAT, INS, ASX, VEON, and many others found in this list.
Similar to EV Penny Stocks, some of these options can be considered very Undervalued Stocks that could provide major returns long-term!
While Robinhood is the most used brokerage for trading 5G penny stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.
Prior to diving into the best 5G penny stocks, it’s important to understand what a penny stock is and the risks associated with investing in them. See our popular guide below.
Best Penny Stocks on Robinhood & How to Find Them
What is a Penny Stock?
A penny stock is defined by Investopedia as the stock of a small company that trades for less than $5 per share.
Therefore, a 5G penny stock is a company whose stock trades for less than $5 per share and is involved in the telecom industry.
However, because the 5G space has been exploding in 2021, in this guide we have included stocks of popular telecom companies that are trading for less than $10 per share.
In the past many classified penny stocks as company stocks that trade for less than $1.00 per share. This was later modified by the Securities and Exchange Commission (SEC).
Although all penny stocks listed below trade on huge exchanges like the New York Stock Exchange (NYSE), it’s important to note that most trade over the counter through the OTC Bulletin Board (OTCBB).
Many small businesses use their penny stocks as a way to access funding from retail investors.
Important: Before investing in penny stocks, it’s important to understand the risks and commonalities of penny stocks.
Investing in penny stocks is not a common trend among the world’s best investors. The greatest investors are known to hold broad market Index Funds for decades.
In fact, the best investors are actually dead:
Best Investors are Dead – Fidelity Study
Some of the main risks with investing in penny stocks include the following:
- High volatility
- Unproven businesses
- Lack of liquidity
- Targets for “pump and dumps”
- Higher probability of bankruptcy and fraud
- Limited company financial records
While there are several risks, it is still very possible for investors to make money from 5G penny stocks through share appreciation.
The same can also be said for promising companies who file for Initial Public Offerings (IPOs).
Best Upcoming IPOs to Buy in 2021
Some of the household companies today that were once penny stocks include Apple, Ford, Snap, Monster Beverage, Plug Power, and more.
Below you will find a complete list of the best 5G penny stocks.
Legal Disclaimer: All content on this website is for informational and educational purposes only. Those contributing to Wealthy Diligence are not licensed financial advisors, tax planners, real estate agents, or legal professionals. Each visitor shall be solely responsible for the decisions they make.
Best 5G Penny Stocks – October 2021
I recommend bookmarking this page to keep you up to date on the Best 5G Penny Stocks. This page is updated daily for your reference.
The following list was last updated on Mon, Oct, 18, 2021
As of this writing, all 5G penny stocks listed below are currently available for trading on Robinhood and other brokerages.
This is similar to our list of Best Silver Stocks and Best Sports Betting Stocks.
The 5G penny stocks below are ranked based on the following criteria:
- Company outlook
- Market Cap
- Historical performance
- Average Volume
Wealthy Diligence Promo: Robinhood is currently offering one Free Stock worth up to $165 for new users. Click the link below to get started!
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1. Globalstar (GSAT)
Globalstar (GSAT) tops our list of 5G penny stocks for several reasons. Globalstar is involved in the provision of mobile satellite services, making it a popular play among those interested in 5G.
This company’s market cap tops an impressive $2.47 billion and holds an average stock price between $1-1.70 in 2021.
Market Cap: $2.47B
Average Volume: 5.30M
2. Inseego (INSG)
Inseego (INSG) is another well-known name in the 5G space. This company specializes in smart “device-to-cloud” solutions.
Inseego holds a market cap exceeding $1 billion and has returned over 400% for its investors over the past five years!
Market Cap: $1.06B
Average Volume: 1.41M
3. ASE Technology (ASX)
ASE Technology (ASX) is a Taiwan-based company that specializes in both testing and manufacturing semiconductor products.
This 5G company has an impressive market cap of over $20 billion and has yielded a return of over 23% since its IPO in 2018.
Market Cap: $20.32B
Average Volume: 2.52M
4. Veon Ltd (VEON)
Veon Ltd (VEON) is a 5G holding company based in Amsterdam that specializes in the provision of connectivity and internet services.
Although this company has been down the past five years, they have been on the rise YTD and carries a market cap above $3 billion.
Market Cap: $3.08B
Average Volume: 4.17M
5. Ribbon Communications (RBBN)
Ribbon Communications (RBBN) is a telecom company specializing in the delivery of networking solutions to enterprises and infrastructure sectors.
This Texas-based company touts a market cap of over $1 billion and is up over 50% year to date (YTD) for its investors!
Market Cap: $1.22B
Average Volume: 418.86K
6. Borqs Technologies (BRQS)
Borqs Technologies (BRQS) is a telecom/tech company specializing in the development of Android platform solutions and hardware products.
This company is based in China and carries a market cap above $94 million.
Market Cap: $94.43M
Average Volume: 5.97M
7. UTStarcom (UTSI)
UTStarcom (UTSI) is a telecom infrastructure company that develops the technology for cloud-based services and mobile applications.
This Chinese-based company has a market cap of above $52 million and could be a good buying opportunity in the near future.
Market Cap: $52.12M
Average Volume: 33.02K
How to Find 5G Penny Stocks on Robinhood
Finding the best 5G penny stocks on Robinhood is a simple process we outline below. Follow these quick steps.
1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock
2. Click the search bar on top and enter “telecom” or you can select the “telecom” option under Trending Lists.
3. You are now able to see the most popular 5G stocks traded on Robinhood.
4. Next click the “Price” column to sort from lowest share price to highest. That’s it! You can now find the most popular 5G penny stocks.
Overall, these are the best 5G penny stocks currently available. Always be sure to invest responsibly!
Refer to the video below for even more 5G penny stock ideas:
For more popular investment guides, see the links below.
Check out our most-read articles that have been visited by thousands of unique visitors.
Most Popular Articles – Wealthy Diligence
Frequently Asked Questions
What are the best 5G Penny Stocks?
The best 5G penny stocks are GSAT, INS, ASX, VEON, and many others found in this list.
What is a 5G penny stock?
A 5G penny stock is the stock of a company in the telecom industry that trades for less than $5.00 per share.
What are the best 5G penny stocks under $2.00?
The best 5G penny stocks under $2.00 are BRQS, VEON, GSAT, and others found in this guide.
Are 5G penny stocks a good investment?
Penny stocks have historically been very risky, volatile, and the companies behind them are unproven. While it is possible to make money from 5G penny stocks, there are several investment alternatives that have yielded higher returns in the past.
5g Penny Stocks
Top 10 Penny Stocks
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published on October 15, 2021
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What Are 5G Stocks?
5G is the 5th generation global technology standard for cellular networks with improved speed and faster network than 4G. 5G stocks are the companies that are heavily invested in the infrastructure or whose product lines rely on the 5G network as Apple's iPhone.
5g small cap stocks
5g stocks is a list of companies with 5g technology or are getting into the 5g field. Some of these 5g company stocks are worth watching for short term traders and long term investors. 5g small cap stocks are risky to invest in in the long term because the whole 5g sector is dominated by household names like Apple, Google, Amazon, and many other big technology companies. In the short term, however, traders may find 5g small cap stocks worth trading because small caps make big moves on a daily basis.
12 5G Penny Stocks to Watch
Following is a list of 12 5G stocks to watch in 2021, some of these stocks are no longer penny stocks, but they are still small caps.
- Advanced Semiconductor Engineering (ADR) (NYSE:ASX)
- Telefonaktiebolaget LM Ericsson (ADR) (NASDAQ:ERIC)
- Globalstar, Inc (NASDAQ:GSAT)
- Hewlett Packard Enterprise Comp (NYSE:HPE)
- Communications Systems, Inc (NASDAQ:JCS)
- KT Corporation (ADR) ( NYSE:KT)
- Nokia Corporation (ADR) (NYSE:NOK)
- UTStarcom, Inc (NASDAQ:UTSI)
- Vislink Technologies Inc (NASDAQ:VISL)
- Boingo Wireless Inc (NASDAQ:WIFI)
- Wipro Limited (ADR) (NYSE:WIT)
Hottest Technology Stocks
The penny stock market is like the minor leagues in professional baseball. In this space, former high- and mid-priced stocks compete for the possibility of returning to a higher level. Also, it is where new stocks vie for a big break.
The emergence of 5G — 5th generation — communication technology has energized investor interest in 5G penny stocks. Any company with a connection to super-fast 5G communication technology has a chance of sharing in the growth. Are you interested? Here is a list of 5G penny stocks with great growth potential.
Overview: 5G Penny Stocks
Investors once considered penny stocks to be any security trading under $1. The Securities Exchange Act of 1934 changed that. The Securities Exchange Commission used this law to establish the penny stock trading rules and set the penny stock price classification at $5 and under. You can trade these stocks over the counter (OTC) or through any of the major exchanges.
Penny stocks’ low prices allow easy acquisition. This helps investors control their risk while gaining exposure to possible exponential gains. In many cases, you can buy 5,000 shares of a penny stock for $200 — $0.04 per share. A $0.20 per share increase would give you a 500% profit or $1,200. If the company goes bankrupt, you only lose $200.
Installing 5G super-fast networks has the power to boost the fortunes of technology and telecom companies — big and small. Penny stocks provide investors a low-cost way to share in this growth.
Trading in the penny stock market, however, can be highly risky. Relying on luck and tips is a strategy for failure. 5G penny stock trading requires you to be as informed as you can.
Best Online Brokers for 5G Stock
Otc stocks 5g
Last Updated on September 2, 2021 by Henry John
5G Technology is identified as a key growth driver for 2021 and in the next five (5) years. And according to a report by Allied Market Research, “the global 5g technology market is anticipated to be at $5.53 billion in 2020 and is projected to reach $667.90 billion by 2026, registering a CAGR of 122.3% from 2021 to 2026”.
You can capitalize on this projected growth by investing in 5G stocks. And there are more promising opportunities for massive growth by investing in 5G penny stocks.
2021 is the year for 5G to truly start taking off and stocks with a great degree of exposure to 5G are most likely to take off in the consumer tech sector this year.
The first beneficiaries of the 5G wave are most likely 5G infrastructure stocks and at the other end are companies that will use 5G to massively improve their offerings technologically.
Update: Since publishing this article back in March 2020, most of the stocks listed have gone ahead to produce impressive returns, nonetheless, the article is continuously kept up to date. And if you’re looking for something other than 5G penny stocks plays, check out the best 5g stocks for 2021. When considering one of the stocks below, ensure you enter at a price you consider ‘low’, because cheap stocks, like listed below, are spiking crazily as a result of irrational speculation by a lot of traders lately.
If you are interested in investing in 5G Technology Companies, here are cheap 5G penny stocks under $10 and $5 to consider:
1. Nokia Corporation
Nokia (NYSE: NOK) is a major player in the global 5G infrastructure space, and its stock currently trades under $5.
The company engages in the provision of network infrastructure, technology, and software services. It has secured 145 commercial 5G deals and its 5G Infrastructure technology is currently being deployed live by 55 Network Operators worldwide.
Nokia is expected to benefit from the trade tension between the US and China, as many countries have banned the use of network equipment from Huawei, a Chinese Telecommunication powerhouse and the leader in the 5G infrastructure market.
Recently, the company is realizing this potential, capitalizing on the non-participation of Huawei in the 5g infrastructure market and has won 5G some contract bids in China.
Its recent quarterly report offers long-term promise. Having recently won a five-year deal to supply network equipment to T-Mobile, a major US Network Operator.
Sentiment around the NOK stock is favorable at the moment, in spite of the CEO’s uninspiring 2021 guidance. “We expect 2021 to be challenging, a year of transition, with meaningful headwinds due to market share loss and price erosion in North America,” said Pekka Lundmark, Nokia’s CEO.
However, the CEO also noted that the company will be forced to sacrifice short-term margins in 2021 to make more 5G Research and Development investments while maintaining market share. And this will help the company long-term, as they could potentially have superior 5g network infrastructure tech.
At less than $5, the company is a cheap long-term 5G play that could pay off massively.
2. ASE Technology Holding Co., Ltd.
ASE Technology Holding Co., Ltd. (NYSE: ASX) is one of the companies that are set to benefit from the global shortage of chips and 5G in 2021, and it currently trades under $10. As expected, the shortage of chips is going to increase the demand for chip makers’ products, especially in the US and EU.
The company provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.
Moreover, the company’s wide range of semiconductor packages is used in 5G Network towers and 5G electronic devices. And as such, it is one of the companies expected to benefit from the 5G boom.
Its P/E ratio is under 30 and it has a stock price that’s under 10, all of which makes it a relatively cheap 5G semiconductor penny stock.
3. ADDvantage Technologies Group Inc.
With many network operators upgrading their 4G technology to 5G tech, ADDvantage Technologies Group (NASDAQ: AEY) is one of the companies expected to see significant revenue and potentially, earnings growth.
The company engages in the installation and upgrade of technology on communication towers and small cell sites for wireless carriers, national integrators, tower owners, and major equipment manufacturers.
It also engages in the construction of new small cells for 5G and offers telecommunication networking equipment.
AEY is a micro-cap stock with a market cap of around $40M, the stock is currently down over 8% YTD, and reporting an earnings growth rate of 210.8% over the past 12 months before taxes and interest.
4. Communications Systems Inc.
Communications Systems, Inc. (NASDAQ: JCS) has been in the communication (connectivity) business since 1969, and although it’s a figment of its former self, it is still in the game. The company takes a niche approach today, primarily focusing on the manufacturing and distribution of connectivity infrastructure products and services for voice, data, and video connections.
JCS is a micro-cap stock that has a market cap of around $60 million over the past few months. It pays a relatively ‘insignificant’ dividend yield of 1.29% annually, however, its stock price can rise by as much as 30% in 2021, and this makes it one of the best 5G penny stocks in 2021.
Update: JCS has risen over 50% YTD.
5G is expected to radically transform the development and adoption of the Internet of Things (IoT), and one doesn’t need a soothsayer to know that because of 5G technology there will be much more IoT devices in demand.
The demand for IoT devices will in turn increase demand for IoT connectivity solutions and JCS should be able and is expected to capitalize on the 5G boom to sell and offer more connectivity products and services to its wide range of customers.
5. Wireless Telecom Group, Inc.
Wireless Telecom Group, Inc. (NYSE: WTT) engages in the design and manufacture of radiofrequency and microwave devices used in wireless communication networks. The company has a stock price that is currently under $5 and is a player in the 5G mobile network space with specialized expertise in the development of specialized 5G radio access network solutions.
When it comes to the broader 5G market that is expected to be worth around $46.61 billion in 2021, Wireless Telecom is a niche player that provides its 5G hardware and software solutions for industrial private network deployments, building transportation solutions, and 5G testbeds, amongst other niche applications.
5G niche players are expected to benefit massively as many niche applications that were not realistic in other generations will become a reality with 5G. In spite of the pandemic, 5G networks are springing up progressively, and Wireless Telecom Group should be one of the companies benefiting from this trend.
The company has demonstrated that its technology is up to the 3GPP standards for 5G New Radio (NR), Release 15, and this proves that they could compete technologically for a piece of the 5G niche pie.
With a market cap that has floated around $50M lately, the company’s stock is a micro-cap 5G stock with promising upsides. It has an average daily trading volume of 206,223 and is currently up over 35% YTD.
At the time of updating this piece, its 52 week high stood at $4.20 and its stock price is $2.58, which implies that it is over 30% away from its previous 12 months high. Just getting back to its 12 month high of $4, will see it return a handsome 30%. The stock is doing pretty well YTD, and there’s little suggesting it can not continue with this upward momentum.
Update: WTT is currently up 48% YTD.
6. EXFO Inc.
EXFO Inc. (NASDAQ: EXFO) provides test, monitoring, and big data analytics solutions for fixed and mobile telecommunications networks. The company offers a variety of instruments used to monitor the quality of optical signals, diagnose and repair problems within an optical network.
The company has specific solutions for telecom service providers, network equipment manufacturers, government agencies, and web-scale companies and data centers amongst few others.
EXFO is the leading company offering fiber optic test solutions globally, over 90% of the world’s top communications service providers use its testing solutions. And as the entire telecommunication industry is transitioning to 5G networks, EXFO’s testing and monitoring solutions for 5G mobile networks will drive the company’s growth for the foreseeable future.
The company’s stock price is currently under $5 and is up over 40% YTD. It generated a revenue of $265.6M in 2020 and has a market cap of $266.51M, with an average daily trading volume of 61,644.
EXFO has had quite a great run since November 2020, when it traded as low as $2.56. I expect a pullback from the stock soon, however, it has the potential to bounce back from any pullback and go as high as $6 per share in 2021.
Update: EXPO did have the pullback and also flew over $6 per share recently. It’s currently priced at $5.69 and that’s an over 72% growth YTD.
7. Wipro Limited
Wipro Limited is a multinational information technology headquartered in India. It has products and services targeted to different IT spaces from network management to IT consulting and design.
The company has over 180,000 employees spread across six continents dedicated to providing clients with products and services that will help them adapt to the technological changes of the digital world.
Wipro has been in the IT business for decades, going all the way back to the 1980s. However, the company which was found as “Western India Palm Refined Oil Limited” and later abbreviated to “Wipro”, started as a manufacturer of refined oils. And since the transition into an IT company, the company has largely stayed so.
Today, It serves customers in various industry verticals with its wide range of IT products and services primarily in the Indian market. Customers in verticals such as banking, financial services, and insurance; health business; consumer business; energy, natural resources, and utilities; manufacturing; technology; and communications; and even government/defense departments.
In 2020, the company launched its 5G edge services solutions suite which was targeted at 5G tower companies, telecom operators, cell site infrastructure providers, and enterprises. The suite comprises offerings such as EdgeCent, Digital Design Studio, BoundaryLess Universal Edge platform – BLUE, and Tririga.
Wipro’s stock that trades in the New York Stock Exchange as WIT, has a stock price under $10, with its exposure to 5G and the IT space in general, it is expected to benefit directly and indirectly from the 5G boom. The company has a market cap of over $44 billion and its stock is currently up over 50% YTD.
8. VEON Ltd
VEON Ltd. (NASDAQ: VEON) through its subsidiaries, provides wireless connectivity and internet services in Russia, Pakistan, Ukraine, Kazakhstan, Georgia, Kyrgyzstan, Algeria, Bangladesh, and Uzbekistan. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies to over 200 million customers.
The company provides these services through five of its brands Beeline, Kyivstar, Jazz, Djezzy, and banglalink.
In 2019, the company through one of its joint-venture, KaR-Tel, which operates under the Beeline brand, launched a large-scale 5G network trial in Kazakhstan as part of its efforts to develop a viable 5G ecosystem in Kazakhstan and Central Asia. VEON is currently developing its 5G ecosystem in partnership with Nokia.
The company focuses more on growing its 4G network than deploying 5G at the moment. Based on its Q3 2020 report, it had just reached 50% 4G penetration in Kazakhstan which has driven double-digit revenue growth for the company.
It’s clear to see that VEON is not a 5G play for the now, however, it is a long-term 5G play. Understandably, 5G will not be deployed at the same time across the globe, the most advanced countries will adopt 5G technology years before it gets to less advanced countries, like the Central Asian countries VEON serves.
VEON’s stock price trades under $5 and is up 11% YTD, it sees an average daily trading volume of 7,484,022 and has a market cap of $3 billion.
9. KT Corporation
KT Corporation provides telecommunications services in Korea and internationally.
The company offers local, domestic long-distance, and international long-distance fixed-line, and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as leased line and broadband Internet connection services.
It also provides media and content services, including IPTV, satellite TV, TV home shopping, digital contents distribution, information, and communication technology platform consulting, digital music streaming, and downloading and online advertising; and credit card processing and other financial services.
In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties.
Further, it maintains public telephones; security, B2C and B2B, investment fund, software development, and data processing, value-added network, system integration and maintenance, mobile marketing, PCS distribution, satellite broadcasting, cloud system implementation, network installation and management, and data center development and related services.
Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports group management, music contents investment, technology business finance, software development and supply, foreign investment, and electronic communication businesses.
As of December 31, 2019, the company served approximately 21,922,000 mobile subscribers and 8.4 million IPTV subscribers.
The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.
10. Sequans Communications S.A.
Sequans Communications S.A. develops and provides 5G and 4G chips and modules for massive, broadband, and critical Internet of Things (IoT) markets.
For 5G/4G massive IoT applications, the company provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms featuring low power consumption, a set of integrated functionalities, and deployment capability.
For 5G/4G broadband and critical IoT applications, Sequans Communications S.A. offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms optimized for residential, enterprise, and industrial applications.
SQNS has gone down over 10% YTD, and growth is not expected to be massive in 2021 (like a 100% return), however, the stock has been relatively cheap and would be a good pick for investors that are looking for growth and avoidance of excessive risks in their portfolio. It has a market cap that hovers over $200 million over the past couple of months, it’s a small-cap company that plays a leading role in providing critical chips and modules for 4G and 5G market.
List of 4 Top 5G Penny Stocks for Your Watch List
Despite the pandemic, civil unrest, and an assortment of issues and hurdles that have plagued us throughout the past year one thing is for certain, the race to 5G dominance has not slowed down. Many public companies of all sizes are entering this technology-driven telecommunications race with potentially the most reward being found in penny stocks.
What is 5G & Which Penny Stocks Should You Focus on Now?
5G or "fifth generation" technology is a telecommunications standard for broadband cellular networks. This is the logical successor to the previous standard 4G or “fourth generation. All devices on a 5G network are connected to the internet and phone networks by radio waves via an antenna system. 5G includes higher rates of speed, increased bandwidth, and generally wider accessibility benefiting higher traffic areas. While there have been concerns over the physical impact of 5G by some groups, the market is focusing more on the positives of this new tech, which has begun rolling out on a larger scale.
When it comes to 5G stocks, you have your clear stock market juggernauts like Verizon (NYSE: VZ), Qualcomm (NASDAQ: QCOM), and even American Tower Corp. (NYSE: AMT). But what about penny stocks & for reference, we're talking about listed penny stocks and not OTC penny stocks.
High volatility trading and the potential of "getting in early" are two of the main attractions of penny stocks or as its defined by the Securities and Exchange Commission (SEC) stocks that trade for under $5 per share. While there is plenty of risk in choosing lower-priced stocks, the potential rewards may be much greater compared to stocks that higher-priced with a larger market cap.
Here is a list of 5G Penny Stocks that are Trending, Right Now
5G Penny Stocks to Watch
Globalstar Inc. (NYSEAMERICAN:GSAT)
UTStarcom Holdings (NASDAQ: UTSI)
Borqs Technologies Inc. (NASDAQ: BRQS)
Veon Ltd. (NASDAQ: VEON)
Globalstar Inc. (NYSE: GSAT)
Last week Globalstar (NYSE: GSAT) was the center of attention for those looking for 5G penny stocks. The company and business partner Nokia (NYSE: NOK) entered into an agreement with Tideworks Technology to deploy Globalstar’s Band 53 spectrum at the Port of Seattle, Terminal 5. This was the second collaboration between Globalstar and Nokia at a U.S. port.
While most of 2020 was relatively quiet aside from a few select days last summer, recent weeks have seen a much more consistent uptick in Globalstar’s stock, then we see the obvious jump last week. In addition to the latest deal with Nokia, Globalstar has gained more attention following November's (2020) financial results and business update. Aside from its clear focus on 5G, the stock market should also note the company's reach in other areas of technology and telecommunications services. Dave Kagan, Chief Executive Officer of Globalstar, explained several notable initiatives that the company has in place.
"Our relationship with Fiat Chrysler and the Jeep brand continues to expand on multiple fronts, with the launch of our Spot Gen 4 Jeep edition, the addition of South America as a licensed territory, and promotional opportunities with other Jeep brand partners. The connected car market is a large and growing opportunity for the Company, and we are looking to add additional partners beyond FCA and Jeep," Kagan said in Globalstar's Q3 business update.
UTStarcom Holdings(NASDAQ: UTSI)
Another one of the 5G penny stocks to watch is UTStarcom (NASDAQ: UTSI). On January 11, UTStarcom announced the expansion of a cooperation with a mobile operator in Europe. The company will supply an advanced networking platform in support of the operator’s 5G deployment requirements.
UTStarcom also released its NetRing® TN704E metro access platform. This is the newest piece of the company's SDN-enabled packet optical transport network product portfolio. This platform will be one of the main components of the mobile backhaul network expansion project with this mobile operator, in Europe.
Over the last few months, UTStarcom has been reaching new 5G milestones, which has contributed to the stock's huge 80% rise in price per share since November of 2020. The company’s progress in the development of its 5G optimized disaggregated router platform in addition to new agreements with major mobile network operators have added to UTStarcom’s positive market momentum.
Borqs Technologies Inc. (NASDAQ: BRQS)
Recently we discussed Borqs Technologies Inc. (NASDAQ: BRQS) among other tech penny stocks to watch. This came as the (NASDAQ: BRQS)’s stock price saw its first meaningful move in over a month. Shares jumped from $1.07 to highs of $1.34 during Friday's (January 8) trading session. The move came as Borqs seemingly benefited from a broader move in the overall tech sector. One of the things that have helped boost interest in the company in addition to the overall excitement for 5G penny stocks is what was announced in December of 2020.
The company signed an official agreement for a 5G industrial park project in China. Borqs reported that it signed with the Board Committee of Huzhou South Taihu New Area for the project. A joint venture will be set up in the area that will serve as Borqs’ China headquarters for 5G projects. This would add to the company’s growing list of infrastructure projects signed in the 3rd quarter. Borqs and SkyCentrics previously announced plans for a joint venture for manufacturing and delivering CTA-2045 technology-based products. These are for utility-scale automated smart controls.
Veon Ltd. (NASDAQ: VEON)
One of the 5G penny stocks that have also jumped in share price during November (2020) and December (2020) is Veon Ltd. (NASDAQ: VEON). Shares have rose from $1.23 at the start of November (2020) to highs last week on January 7 of $1.75. This 40%+ move was also accompanied by several key updates, many included raising large amounts of capital for investments into its subsidiaries.
Veon provides more than 210 million customers with voice, fixed broadband, data, and digital services. Its operations span 10 countries including Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, Armenia, and Georgia. One of the larger developments over the last few months included details on Veon's Russian unit, VimpelCom. It withdrew its wireless networks from Huawei and Nokia management to handle communications quality itself. Prior to this, the company had outsourced its management and network development to these two companies in 2017.
Neither the author of this post nor Pennystocks.com have a position or financial relationship with any of the stocks mentioned above.
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Top Tech Penny Stocks for Q4 2021
The technology sector consists of businesses that develop, build, and market consumer electronics, electronic components, and software. Companies in the tech sector may also provide information technology (IT) services such as cloud computing. While the best-known companies are giants like Apple Inc. (AAPL) and Microsoft Inc. (MSFT), there also are tech businesses that are classified as penny stocks. Penny stocks typically trade at $5 per share or less. Investing in penny stocks can be especially risky and may entail higher trading costs. Investors should therefore be careful when considering whether to invest in these or similar securities.
There is no widely-used benchmark for tech penny stocks, and their performance has varied significantly over the past 12 months. However, the Invesco S&P SmallCap Info Tech ETF (PSCT) provides a general indicator for tech penny stocks. PSCT has significantly outperformed the broader market in the past year, providing a 1-year trailing total return of 67.4% compared with 35.1% for the Russell 1000 Index. These market performance numbers and all statistics in the tables below are as of Sept. 16, 2021.
Here are the top three tech penny stocks with the best value, the fastest growth, and the most momentum, respectively.
Best Value Tech Penny Stocks
These are the tech penny stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business's value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The price-to-sales ratio shows how much you're paying for the stock for each dollar of sales generated.
|Best Value Tech Penny Stocks|
|Price ($)||Market Cap ($M)||12-Month Trailing P/S Ratio|
|Exela Technologies Inc. (XELA)||2.06||296.7||0.1|
|SOS Ltd. (SOS)||2.66||497.8||0.5|
|TD Holdings Inc. (GLG)||0.75||74.6||0.5|
- Exela Technologies Inc.: Exela Technologies is a business process automation company. It offers software and services for accounting, human resources management, and other services. On Sept. 1, 2021, the company announced that it had completed its $150 million at-the market equity program, announced on June 30. As of Aug. 1, this helped to provide Exela with an expanded liquidity position of over $200 million.
- SOS Ltd.: SOS Ltd. is a China-based holding company. Through subsidiaries, SOS offers financial services, including consumer credit, emergency rescue services, as well as insurance products. The company provides a consumer lending marketplace for customers in China.
- TD Holdings Inc.: TD Holdings is a China-based holding company engaged in the car rental and commodity trading business, and provides related supply chain management services. Its principal business is commodity trading, primarily of non-ferrous metal products. In July, the company announced that it had entered a trade cooperation agreement with the management committee of the Yangpu Economic Development Zone. Through the partnership, TD Holdings planned to launch its commodity trading business in the Zone and would receive preferential policies including tax relief, financial support, and rental subsidies.
Fastest Growing Tech Penny Stocks
These are the tech penny stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors pick out growing startups that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.
|Fastest Growing Tech Penny Stocks|
|Price ($)||Market Cap ($M)||Revenue Growth (%)|
|Future FinTech Group Inc. (FTFT)||2.34||164.0||1,610|
|PowerBand Solutions Inc. (PBX.V)||CA$1.22||CA$226.8||1,050|
|Artificial Intelligence Technology Solutions Inc. (AITX)||0.04||143.8||784.9|
- Future FinTech Group Inc.: Future FinTech Group is a China-based blockchain e-commerce company. The company provides an online shopping platform, incubator for blockchain-based applications projects, and a cross-border e-commerce platform.
- PowerBand Solutions Inc.: PowerBand Solutions is a Canada-based automotive technology provider. The company provides a cloud-based auction and finance portal platform for transactions among consumers, dealers, funders and manufacturers. For Q2 2021, the company reported that its net loss narrowed YOY as revenue rose. . PowerBand attributed the revenue performance to industry acceptance of its DRIVRZ lease origination software, which is driving strong sequential growth.
- Artificial Intelligence Technology Solutions Inc.: Artificial Intelligence Technology Solutions provides mobile electronic services, including AI and robotics solutions. The company offers after-market upgrades for electronics, audio, and video for automobiles, boats, and recreational vehicles.
Tech Penny Stocks with the Most Momentum
These are the tech penny stocks that had the highest total return over the last 12 months. Stocks with returns in excess of 3,500% have been excluded as outliers.
|Tech Penny Stocks with the Most Momentum|
|Price ($)||Market Cap ($M)||12-Month Trailing Total Return (%)|
|Extreme Vehicle Battery Technologies Corp. (ACDC.CX)||CA$0.26||CA$102.7||2,450|
|DMG Blockchain Solutions Inc. (DMGI.V)||CA$1.06||CA$174.7||1,080|
|Netlist Inc. (NLST)||4.83||1,085||955.9|
|S&P SmallCap Info Tech ETF (PSCT)||N/A||N/A||67.4|
- Extreme Vehicle Battery Technologies Corp.: Extreme Vehicle Battery Technologies is a Canada-based blockchain and battery technology company. The company provides battery management systems for the electric vehicle and energy storage solution markets. On Sept. 14, the company announced that its common shares had become eligible for electronic clearing and settlement through the Depository Trust Company in the U.S. The company's shares are available on the OTCQB Exchange under the ticker CRYBF.
- DMG Blockchain Solutions Inc.: DMG Blockchain Solutions is a Canada-based cryptocurrency and blockchain company. It provides a platform focused on mining public blockchains and using blockchain technology to address fraud and other issues in supply chains.
- Netlist Inc.: Netlist builds and sells memory subsystems. The company provides products to the server, high-performance computing and communications markets. The company also designs custom semiconductor logic devices, which are integrated into its memory subsystems. For Q2 2021, ended July 3, the company reported net income of $27.8 million compared with a net loss in the prior-year quarter. Net sales grew about 500% YOY. Strong product sales and the execution of a comprehensive licensing agreement with SK hynix Inc. drove this growth.
The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described on our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.