4 Tech Penny Stocks on Robinhood For Your June Watchlist
Penny shares might be unpredictable. This volatility is due to low costs and a excessive diploma of hypothesis. What does this imply for you as an investor focused on trading penny stocks? First, it signifies that it may at instances be a riskier funding. By not behaving like most shares, shares beneath $5 can have a thoughts of their very own.
It’s not unusual for a worth to fluctuate dramatically throughout intraday buying and selling. On the intense aspect, this offers a chance for potential positive aspects by way of each swing buying and selling and long-term holding. However, prior analysis and expertise are essential instruments one wants to achieve success.
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This yr there may be a variety of pleasure surrounding the inventory market. Because of the coronavirus, new tech developments, and the latest spike in cryptocurrency values, many new buyers have joined the market. Investing used to be unique to these with the know-how to make the most of sophisticated buying and selling platforms. However, due to new brokerages like Robinhood, it’s as straightforward as downloading an app on your telephone.
Why Robinhood is Popular for Traders
Robinhood has develop into successful for a number of causes. It gives commission-free trades, that means that one can purchase and promote a inventory with out paying further transaction charges. Robinhood additionally gives margin buying and selling in addition to degree II knowledge for individuals who are keen to pay for it. Margin buying and selling just isn’t for everybody, nevertheless it offers the chance to have entry to extra capital than with out it.
Penny stocks on Robinhood are one other additional advantage to the platform. There is not any minimal quantity required to begin investing. This signifies that small-time buyers can simply begin buying and selling.
When penny stocks on the app, it not solely offers customers with analyst opinions but in addition offers a abstract of what the corporate is and its latest earnings. This is nice to begin, however additional investigation ought to at all times happen.
With quick transactions and three day-trades allowed as with most brokerages, Robinhood has superior buying and selling without end. While there are some downsides reminiscent of experiences of halting trades and gradual execution instances, Robinhood is a good way to get into buying and selling. With that in thoughts, listed below are 4 Robinhood penny shares on your June watchlist.
4 Robinhood Penny Stocks That Belong On Your Watchlist
- GTT Communications Inc. (NYSE: GTT)
- Ebang International Holdings Inc. (NASDAQ: EBON)
- Sonim Technologies Inc. (NASDAQ: SONM)
- Sphere 3D Corp. (NASDAQ: ANY)
1. GTT Communications Inc. (NYSE: GTT)
GTT Communications is an organization that gives cloud networking providers to a worldwide pool of shoppers. Its broad portfolio consists of different world providers reminiscent of personal networking, web, optical transport, and software-defined wide-area networking. GTT’s headquarters are positioned in Tysons, Virginia, which provides it nice entry to the U.S. tech market.
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Its vary of providers additionally consists of operations as a Tier 1 IP community. This permits it to present transport and infrastructure providers. GTT’s enterprise mannequin additionally consists of SD-WAN, managed providers, and voice and video providers. As an all-around tech firm, GTT continues to be increasing and discovering its placement within the business.
In the previous seven days, GTT inventory has shot up by over 140% which has caught the eye of many buyers. As this penny inventory continues to see potential within the coming months, is it value wanting into?
2. Ebang International Holdings Inc. (NASDAQ: EBON)
Another firm within the expertise sector is Ebang International Holdings. This penny inventory operates in blockchain expertise, offering shareholders the chance to spend money on the way forward for crypto. As an rising expertise, blockchain is making giant waves within the digital foreign money market. Due to excessive hypothesis, worth volatility is often fairly excessive with blockchain penny stocks.
Currently, the analysis and improvement crew at Ebang International is working with the ASIC chip. This is normal within the majority of blockchain operations occurring in China. Along with this, EBON engages instantly with bitcoin knowledge mining. Its dedication to persevering with to strengthen its technological improvements permits it to stay aggressive within the world crypto market.
By manufacturing bitcoin mining machines, EBON stands in a good place for the rise in digital foreign money curiosity. As many know, mining bitcoin includes costly and sophisticated {hardware} and software program. But, we’ve seen a big profit for the businesses which can be concerned in crypto mining. With this in thoughts, do you see EBON as a penny inventory to add to your watchlist?
3. Sonim Technologies Inc. (NASDAQ: SONM)
Another expertise firm making waves in latest weeks is Sonim Technologies. It is a pacesetter out there of mobility options for activity staff. It offers ultra-rugged cell phones, barcode scanners, and a big number of different industrial-grade equipment. This promotes not solely employee productiveness however communication and security.
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Recently, Robert Tirva, the CFO, was introduced as the brand new COO of SONM. The committee additionally swapped positions on the board round when Tom Wilkinson, the CEO in 2019, determined to depart. Now, the board of administrators holds an optimistic outlook on the way forward for the corporate with Robert on the helm.
“Leveraging Mike, Sue, and Ken’s expertise and appreciable skills is paramount to returning the corporate to a powerful market place and creating long-term shareholder worth. We now have the precise abilities and management to help this goal going ahead.”
John Kneuer, Chairman of the Board of Directors at Sonim Technologies Inc.
This could possibly be a giant alternative for the corporate as management adjustments may end up in new and higher enterprise practices. With this in thoughts, SONM inventory could possibly be value holding a watch on.
4. Sphere 3D Corp. (NASDAQ: ANY)
In the world of penny shares, mergers and acquisitions can happen fairly incessantly. When these occur, share costs have a tendency to transfer both up or down dependent on investor sentiment and hypothesis.
This is at present the case with Sphere 3D Corp, which just lately introduced a merger with Gryphon Digital Mining, Inc. For some context, ANY consists of a big portfolio of manufacturers reminiscent of HVE ConneXions, UCX ConneXions, and SnapServer. These all function to assist ANY’s clientele attain their respective IT targets.
Gryphon Digital Mining earlier than the merger was a privately held firm specializing in bitcoin mining with renewable vitality. This is a big deal to buyers as a result of crypto mining has traditionally been unsustainable. Typically, it is a high-energy consumption course of that makes use of fossil fuels for its energy. Through using renewable vitality to mine crypto, this merger comes at a good time for ANY inventory.
“Gryphon’s future focus on mining utilizing 100% renewable vitality will set the bar for mining firms of the longer term. We have been engineering GPU-based converged methods for a few years and are excited to leverage our expertise to improve the efficiency of Gryphon’s operations. We imagine the merger of the 2 firms offers a wonderful alternative to create significant worth for our shareholders.”
Peter Tassiopoulos, CEO of Sphere 3D Corp.
Considering its new placement within the crypto mining business, and the truth that it’s renewable primarily based, will ANY inventory be on your listing of penny shares?
Are Tech Penny Stocks Right For You?
Finding the perfect tech penny stocks might be difficult. But, with the precise analysis at hand and a dedication to studying, it may be a lot simpler than beforehand imagined. With tech, issues transfer very quick.
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For this purpose, it’s best to keep as up-to-date as doable with all that’s going on. Considering the huge demand for tech merchandise proper now, hopefully, issues can proceed on an upward trajectory. With this in thoughts, are tech penny shares best for you?
COMTEX_387806159/2685/2021-06-03T16:24:04
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