Should it be on your list of stocks you can buy this week?
Whether you love now penny stocks or hate them, they are currently part of the larger conversation in the market. Many large stores from Bloomberg to Yahoo Finance realize what many readers have known for a long time. Penny stocks are currently burning. The large number of new traders who entered the stock market last year created a snowball effect, with more and more new traders finding stocks to make money. One of the most popular programs they have used is Robinhood. Although the opinion about the app is mixed, there is no denying that its ease of use and quick setup made it easy to start day trading.
But something it did not offer was education. This is where we’ve seen many of these new Robinhood traders lose big money, and even brag about it on sub Reddits because they believe more than other factors such as fundamental or technical factors. Earlier today, we released an article on 7 key principles that new traders should keep in mind. One of the recurring themes throughout the article was that making money is the goal of trading.
It sounds crazy, but if you’re dealing with volatile stocks like this, it’s easy to get caught up in. It’s also easy to find yourself in the mindset of “maybe it’s going higher” or “if it still rises $ X, I earn $ Y.” At the end of the day, there are no guarantees in the market. If there is profit to be made, there is no reason to ignore it. Also, do not forget that if a trend is really as strong as you expect, there should be additional opportunities later to re-enter a winning industry.
Make your list of penny supplies
So, where does that leave traders this week? Due to the holiday weekend we are looking at a shortened week. If you ask, “Is the stock market open on Monday?” the answer is no. But that does not mean you can not take advantage of the standstill. What better way to use some of this free time than to put together a list of penny stocks for the start of the week?
If you resume Tuesday morning, you will at least have a starting point. With that in mind, we have a list of some technology companies that have recently gained momentum. Although lower in price and trading below $ 3, it is the best penny stocks to buy this week? I let you decide
Robinhood Penny shares buy below $ 3
UTStarcom Holdings Corp.
With more 5G than ever before, companies like UTStarcom Holdings are profiting from this emerging market. As a 5G penny stock, UTStarcom operates as a telecommunications infrastructure provider. That means it develops the technology that supports commercially, from mobile streaming to optical fiber and more. UTStarcom is based in China and is working to offer its telecommunications services in many countries in Asia. These include Japan, India, Taiwan and others. On January 11, exciting news appeared that UTStarcom will be working with a mobile operator in Europe. The goal is to provide a wide range of networking software as well as 5G infrastructure.
In the agreement, UTStarcom will use its new TN704E metro access platform to optimize network capacity on existing sites. The implementation is estimated to take about three years. With Phase I already underway, this could remain a major opportunity for UTSI.
With more people at home than ever before, the demand for high speed internet has increased a lot. This question is felt in Asia, Europe and around the world. Since December 1, the shares in UTSI have risen by about 60% so far. With the focus of 5G at the moment, it will be interesting to see how the company uses its current projects to expand into the 5G ecosystem.
Vislink Technologies Inc.
Communications stocks and the broader technology market itself have recently seen a strong increase in interest. Thanks to the continued interest in world news, companies in this niche have launched a new initiative that involves a new approach to information technology. Vislink provides high quality live entertainment and communication hardware to its global customers. Although not the largest car in the industry, the VISL share price has managed to climb to 84% over the past 30 days.
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We have reported on Vislink many times in the past. One of the things I can personally say is that the company does not publish too many headlines. However, it is one of the more pronounced public companies on Twitter. It seems to have become the hub for traders following Vislink’s latest milestones. From providing first-hand responses of relevant data to offering surveillance and wireless communications, Twitter is the place where the company has chosen to report these updates.
At the moment, several issues have affected the interest of the public in the company. First, the increased threat levels in DC have many stocks with exposure to oversight that attract attention. Second, Vislink recently released an update on a new platform for data infrastructure, its IP Link 3.0. It offers benefits to a wide range of end users, including public safety, first responders and even virtual learners.
“The advanced visual standard of ATSC 3.0 enables audiences to enjoy a media-rich TV broadcasting system with enhanced video and audio quality enhancements, as well as a track for exciting features such as interactivity and participation, giving children the opportunity to play interactive games to enjoy and adventures with their favorite shows, ”said Sean Van, Vislink’s product manager or live production, in a PR in January.
SeaChange International Inc.
Another of the technical penny stocks on Robinhood for your list this week is SeaChange International. This company recently hit a number of scanners when SEAC began experiencing a higher trading volume in December. Since the article on December 28, SEAC has managed to climb as much as 100%. So what was a driving force for this technological stock? SeaChange’s profit results. The company beat Wall Street’s estimates for its earnings per share during its fiscal quarter of 2021. In addition, the company highlights the strong demand from content owners for its new ‘Video Apps’ platform.
This platform offers content owners the ability to launch TV and video programs directly to consumers via Smart TVs and connected platforms. Its “SeaChange Framework” also helped content owners ‘generate new ad revenue streams by automatically selling their ad inventory.’ Last year, the company said it had achieved the “most significant victory” in its history with one of the largest mobile network operators in the world for SeaChange’s Advertising Solutions. The company said the total potential revenue opportunity over the next three years is about $ 100 million. It is based on the customer’s annual unsold advertising inventory and the revenue SeaChange receives to earn it.
Looking at this year, there is now attention to the leadership shifts that are taking place within the company. Last week, SeaChange chairman appointed Roberts Pons as executive chairman. While the company is looking for a new CEO, Pons will also fill the interim CEO.
Are penny stocks on your list this week?
Last week ended with an increase in interest in penny stocks. I think this shorter week will start the same way. It is important to keep in mind (especially if you are not yet trading) that these cheaper stocks carry much higher levels of inherent risk. At the simplest level, lower prices open the door to higher volatility.
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A small price change can equate to a larger percentage change. This is great if it’s in favor of your trade. But if it is in the opposite direction, then you may be having problems. Given the recent interest in stocks below $ 5, whether you use Robinhood, Interactive Brokers or other platforms, the risk and reward of each name always weighs on you list of penny stocks.