If Education Stocks Are Your Focus, Check These 3 Out 

Education penny stocks continue to rise in popularity. With surges in cases occurring around the world, many schools are still closed globally. In the U.S., this is less the case, but many schools are still utilizing digital education.

While EdTech has been improving for many years, real growth has occurred in the past twelve months. The market has seen a flood of momentum as a result, and penny stocks have greatly benefited. As of April, there is plenty of competition in this market. This means that companies have to continue innovating.

But, it’s also worth considering that the education tech market is very broad. On the one hand, some companies produce software to make digital learning easier and more accessible. On the other hand, companies are producing physical products used for in-class learning.

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Education Penny Stocks to Watch Right Now 

It’s important to distinguish these two because they can both be geared toward different types of traders. But, it’s equally important to consider how disruptive a company’s technology is. Understanding this is the key to finding potentially valuable education penny stocks to watch. And for some inspiration, here are three that you might want to check out. 

Penny Stocks To Watch #1: Boxlight Corp. 

Boxlight Corp. is a frequently discussed education stock. It offers a wide range of products suited to the modern era. This includes its award-winning brands such as Clevertouch and Mimio. While it is focused on the education market, Boxlight also provides products to the business solutions industry.

In its pipeline are physical devices such as interactive displays, collaboration software, and supporting accessories. Boxlight has spent the past few years working to commercialize its technological products. In line with this, Boxlight announced on April 8th that the Brussels School Group in Belgium selected the Clevertouch IMPACT touchscreen displays to upgrade all of its classrooms. 

Filup De Pril, the Technical IT Coordinator at Brussels School Group, stated that “we chose Clevertouch because it’s not just a touchscreen. It’s an all-in-one solution and experience for all levels of our organization. Clevertouch meets our expectations.”

While this is only one example, it shows that there is increasing adoption of Boxlight’s products. Only a week or so prior, Boxlight announced that it had revamped the educational tech at a large, multi-site college in the U.K. This is part of a 5-year plan for Hull College to completely renovate its educational infrastructure.

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Again, this is all part of Boxlight’s work on gaining traction in the educational tech industry. With people going back to school as Covid cases decrease, the demand for more innovative education products could increase. Considering this, is BOXL worth watching?

#2: Color Star Technology Co. Ltd. 

In the past few months, Color Star Technology Co Ltd. has transitioned from educational tech into much more. Until recently, the company worked in the music education sector primarily. However, Color Star recently transitioned into the NFT marketplace through an agreement with Doman.

The goal of this agreement is to provide “blockchain technology support” for the Color World App. This is an app that provides interactive entertainment. Its move into the blockchain world presents investors with a new opportunity for the already popular CSCW stock. In addition to this, the company hosts the Color International Music Festival in Asia. This is one of over 150 concerts that it holds each year (outside of Covid).

While there are not many specifics about the role of NFTs, the company states that it will focus on “several areas of blockchain technology, including entertainment copyright blockchain, membership management blockchain, and the development and application of interactive community blockchain.” It stated that it would be developing an NFT, which will be used in the production and release of its subsidiary, Color China Entertainment.

Aside from the recent hype surrounding NFT penny stocks, Color Star expanded on its educational platform this week. Specifically, it signed a strategic cooperation agreement with the School of Digital Arts & Media of Shandong University of Art & Design. This will see Color Star introducing SDAM educational resources in the Color Star APP. With this information, we see that the company has several popular markets that it is working in. If you’re looking for an ambitious penny stock to watch, CSCW could be the one. 

#3: Elite Education Group International Inc. 

Since its IPO, shares of EEIQ stock have skyrocketed by almost 100%. It’s worth noting that it hit an all-time high of more than $35.20 at the end of March before falling back to its current level of around $8. While EEIQ is not technically a penny stock right now, it only recently moved out of the $5 range. Let’s get into the specifics of Elite Education.

The company is an educations solutions provider. It concentrates on university students that are working to study abroad in the U.S. and internationally. Its products include study-abroad services, test counseling, registration, guidance, admission services, and much more. 

In detail, we see that Elite Education has a large role in almost every aspect of educational operations for Chinese students looking to study in other countries. It has a flagship partnership with the Miami University in Ohio. This partnership includes a physical office that allows students to engage in both study abroad and post-study engagements. In its $6 million IPO, 750,000 units were partially exercised at $7.98 per share.

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Because it has only been publicly traded for a few weeks, EEIQ could be quite volatile. But with penny stocks, this is common. As a newcomer on the block, EEIQ presents the market with a freshly IPOed company starting to shake up the education technology space. Whether this makes it worth watching is up to you.

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