Should they be on your list of penny stocks to buy this week?
If you love penny stocks or hate them, they are part of the big conversation in the market right now. Many of the main vehicles, from Bloomberg to Yahoo Finance, are discovering what many readers have known for a long time. The currency’s shares are on fire now. The wave of new traders that entered the stock market last year created a snowball effect, with more and more new traders finding stocks as a means of making money. One of the most popular apps they used is Robinhood. Although the opinion on the application is mixed, there is no denying that its ease of use and quick setup time made starting the day trading simple.
But something he didn’t offer is education. It is here that we saw many of these new Robinhood dealers losing a lot of money, even bragging about it on sub Reddits because they believed in hype more than other factors, like fundamentals or technicians. Today, we launched an article on 7 key principles that new traders should keep in mind. One of the themes repeated throughout that article was that making money is the goal of trading.
It sounds crazy, but when dealing with volatile stocks like these, it’s easy to get caught up in the hype. It is also easy to find yourself with the “maybe go up more” or “if you go up $ X more, I will win $ Y” mentality. After all, there are no guarantees in the market. If there is profit to be made, there is no reason to ignore it. Also, keep in mind that if a trend is really as strong as you expect, there should be additional opportunities later to enter a winning trade again.
Making your list of cents stocks
So, where does this leave traders this week? Due to the holiday weekend, we expect a shorter week. If you are asking, “Does the stock market open on Monday?” the answer is no. But that doesn’t mean you can’t take advantage of downtime. What better way to use some of that free time than putting together your list of low-cost actions for the beginning of the week?
When trading resumes on Tuesday morning, you will have at least one starting point to start. With that in mind, we have a list of some technology companies that have gained momentum recently. Although they have lower prices, trading below $ 3, they are the best penny stocks to buy this week? I’ll let you decide
Robinhood Penny Stocks to buy for less than $ 3
UTStarcom Holdings Corp.
With 5G more than ever, companies like UTStarcom Holdings are working to capitalize on this booming market. With shares with a penny of 5G, UTStarcom works as a telecommunications infrastructure provider. This means that it develops and markets the technology that supports everything from mobile streaming to fiber optics and more. Headquartered in China, UTStarcom is working to offer its telecommunications services in many countries in Asia. This includes Japan, India, Taiwan and others. On January 11, exciting news came out, saying that UTStarcom would be working with a mobile operator in Europe. The goal is to provide a wide variety of network software, as well as 5G infrastructure.
Under the agreement, UTStarcom will use its new TN704E metro access platform to help optimize network capacity at existing locations. It is estimated that this implementation will take about three years to complete. With Phase I already underway, this could continue to be a great opportunity for UTSI.
With more people at home than ever before, the demand for high-speed internet has soared. This demand is being felt in Asia, Europe and around the world. Since December 1, UTSI’s shares have risen about 60% so far. With 5G in focus now, it will be interesting to see how the company leverages its current expansion projects in the 5G ecosystem.
Vislink Technologies Inc.
Communications stocks and the broader technology market itself have seen a sharp rise in interest recently. Thanks to the continued interest in global headlines, companies in this niche have led a new initiative that involves a new approach to information technology. Vislink provides live entertainment and high-quality communication hardware to its global customers. Although not the biggest movement in the industry, VISL’s stock price has managed to rise by up to 84% in the last 30 days.
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We have reported on Vislink many times in the past. One of the things I can say personally is that the company does not make many headlines. However, it is one of the public companies with the most voice on Twitter. This seems to have become the center of focus for traders who follow Vislink’s latest milestones. From providing actionable data to rescuers to offering wireless surveillance and communications, Twitter is where the company chose to report these updates.
At this point, several things influenced the public’s interest in the company. First, the high threat levels in DC mean that many stocks with exposure to surveillance gain attention. Second, Vislink recently gave an update on a new data infrastructure platform, its IP Link 3.0. This offers benefits to a wide range of end users, including public safety, first responders and even virtual students.
“The advanced visual standard ATSC 3.0 allows the audience to enjoy a media-rich TV broadcast system with revolutionary audio and video quality improvements, as well as a path to interesting features like interactivity and participation, which gives children the ability to enjoy interactive games and adventures along with your favorite shows, ”said Sean Van, Vislink’s product or live production manager, in a January PR.
SeaChange International Inc.
Another of the tech cents on Robinhood for your list this week is SeaChange International. This company recently hit some scanners when SEAC started experiencing some higher levels of trading volume in December. Since the December 28 report, SEAC has managed to rise to 100%. So, what has been the driving force for this stock of technology? SeaChange earnings results. The company surpassed Wall Street’s earnings per share estimates during the third fiscal quarter of 2021. In addition, the company highlighted the strong demand from content owners for its new ‘Video Apps’ platform.
This platform gives content owners the ability to launch TV and video apps directly to the consumer through Smart TVs and connected platforms. Its “SeaChange Framework” has also helped content owners “to generate new advertising revenue streams through the automated sale of their ad inventory”. Last year, the company said it had secured the “most significant win” in its history with one of the largest mobile network operators in the world for SeaChange Advertising Solutions. The company said the potential aggregate revenue opportunity over the next three years is about $ 100 million. This is based on the customer’s annual unsold ad inventory and the revenue share that SeaChange would receive to monetize this.
Looking back on this year, attention is now focused on the leadership transitions that are occurring in the company. Last week, SeaChange appointed President Roberts Pons as executive president. While the company is looking for a new CEO, Pons will also assume the role of interim CEO.
Is Penny Stocks on your list this week?
Last week ended with an increase in interest in low-cost stocks. I think this shorter week will start the same way. It is important to keep in mind (especially if you are new to the market) that these cheaper stocks carry much higher levels of inherent risk. At a very simplistic level, lower prices open the door to greater volatility.
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A small price change can amount to a larger percentage change. It’s great when you’re in favor of your trade. But when you are in the opposite direction, it is when you may have some problems. In light of the recent interest in stocks under $ 5, whether you are using Robinhood, Interactive Brokers or other platforms, always weigh the risk and reward of each name in your list of penny stocks.