4 Tech Penny Stocks to Watch in June 2021

Are you looking to start a penny stock watchlist? Penny stocks under $5 are very popular choices for all types of investors. This is typically due to their high volatility and tendency to provide potentially high profitability. There are a couple of things to keep in mind when investing.

First, you want to make sure that the penny stocks you are looking at have a relation to current market trends. The market can fluctuate based on investor interest, new political policies, or even something as simple as a Reddit post. This can be seen with so called ‘Reddit penny stocks‘ such as GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc. (NYSE: AMC), Tesla Inc. (NASDAQ: TSLA), and even crypto penny stocks.

Next, it’s always key to look at a company’s recent press releases as well as its financials. Because of the high speculation associated with penny stocks, prices can fluctuate greatly off of any news or announcement.

This makes it important to always stay up to date on all investment-related news. Press releases are informative about new and upcoming products, recent company changes, as well as its speculative future earning. For this reason, they can tell a lot about a company.

Financials, on the other hand, can almost be more important, as it presents all of the numbers associated with a business. These earnings are released quarterly and give insight into everything from profitability to revenue and more. Different financial reports can then be compared to YoY charts to draw further comparisons.

[Read More] 3 Hot Penny Stocks To Buy With Analysts Expecting Up To 383%

Currently, the market is showing a lot of bullish sentiment toward the technology sector. Innovation is on the rise from large companies such as Google, Tesla, and Microsoft, but tech penny stocks are also competing for the top spot in their respective industries. Because of the high price of blue-chip tech stocks, tech stocks under $5 can be a great choice for investors of all types.

Due to acquisitions, and the highly sought-after value of novel technology, prices have surged tremendously over the past few years. Tech penny stocks are also seeing a lot of momentum as the pandemic comes to an end.

So, as we move into June, it’s a good idea to prepare a tech penny stock watchlist. This will help keep track of highly sought-after companies and to be aware of which way the industry is moving. With all this considered, here are four tech penny stocks to keep in mind for your June watchlist

4 Tech Penny Stocks For Your June Watchlist 

  1. Ideanomics Inc. (NASDAQ: IDEX)
  2. MICT Inc. (NASDAQ: MICT)
  3. Humbl Inc. (OTCMKTS: HMBL
  4. Inpixon (NASDAQ: INPX

1. Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics an interesting penny stock and one that we’ve covered multiple times in the past few months. Founded in 2004, IDEX operates as both an EV penny stock, and a company in the Fintech market. On one hand, Ideanomics engages in the adoption of commercial electric vehicles for larger use. This includes offering purchasing services, financing, and fleet management. 

On the other hand, Ideanomics pushes next-generation financial services to its wide breadth of customers. The company works with wholly-owned subsidiary, Mobile Energy Global, to offer its customers discounts on electric vehicles, EV batteries, and electricity infrastructure for EV charging. Additionally, it finances charging buildout operations, which is a highly needed service right now.

Other components of IDEX include its two financial subsidiaries, DBOT ATS and Inteligenta. Both provide solutions for financial services using novel blockchain and AI technology. This could be one of the reasons for the major bullish interest in IDEX over the past few months.

Additionally, its recent acquisition announcement of U.S. Hybrid has only furthered its future investment into eclectic and hybrid vehicles. Given all this, do you think IDEX would be a good addition to your tech penny stock watchlist this June?

Penny_Stocks_to_Watch_Ideanomics Inc. (IDEX Stock Chart)

2. MICT Inc. (NASDAQ: MICT)

Another tech penny stock to consider this month is MICT. As a major player in the U.S. tech industry, MICT engages primarily in the design, development, and manufacturing of rugged mobile computing devices. With the recent interest in computing and technology, there has been a high demand for these types of devices, which has been a large reason for its success. 

Founded in 2002, it has acquired subsidiary companies, GFH Intermediate Holdings Ltd. and Micronet Ltd. Much of its focus is to serve high-growth sectors of the global fintech space. This includes areas such as online brokerage, equities trading, and wealth management of insurance product services and sales. 

Some of the markets served include areas in Asia, where GFHI is known to own a large database of users. Micronet on the other hand focuses more on telematics and commercial Mobile Resource Management. This is primarily based out of the U.S. and Europe. 

Recently, MICT was added to the MSCI USA Micro Cap Index, which measures the performance of the microcap segment of the USA equity market. CEO of MICT, Darren Mercer commented, “Our addition to the MSCI Index enhances the Company’s reputation amongst institutional investors. The Index is widely recognized as a benchmark for global institutional investors to optimize their investment portfolios.” 

Penny_Stocks_to_Watch_MICT Inc. (MICT Stock Chart)

3. Humbl Inc. (OTC: HMBL) 

Another tech penny stock on the radar is Humbl Inc. Its Web 3 platform is meant to effortlessly connect creators, consumers, and merchandisers in the digital economy. The transition into the digital era and creator economy is supporting this type of innovation as well as increased demand for products such as the ones Humbl creates.

[Read More] 4 Crypto Penny Stocks to Watch Under $5 Right Now

Within HMBL, there are three main business divisions: HUMBL Mobile Pay, HUMBL Marketplace, and HUMBL Financial. Each of these divisions works together to better package the technology it offers for global users.

Only a few days ago, Humbl announced the closing of two financing deals adding up to $2.5 million in proceeds. Additionally, through an agreement with the company Archura, Humbl, will be able to support stronger relationships with key partners in the Oceania region.

“I would like to personally thank these investors for their support of the company. They have been believers in HUMBL from the beginning and we look forward to representing them well and with a continued drive to build a lasting global brand alongside them,” said Brian Foote, CEO of HUMBL.”

CEO of HUMBL, Brian Foote

With this in mind, does HMBL sound like a solid addition to your tech penny stock watchlist?

Penny_Stocks_to_Watch_Humbl Inc. (HMBL Stock Chart)

4. Inpixon (NASDAQ: INPX)

The last tech penny stock to watch right now is Inpixon. As a company, INPX operates by capturing, interpreting, and analyzing indoor data that can be later translated into actionable intelligence.

It uses data from IoT, WiFi, UWB, Bluetooth devices, and third-party sensors to create a library of information that can be in use by its indoor intelligence customers. By using a high-performance data analytics engine that contains patented algorithms, INPX solutions can offer these useful solutions to a broad range of clients

Recently, INPX announced its Q1 2021 financial results as well as some corporate updates. This includes the announcement of its acquisition of the smart workplace app company, CXApp. This continues to grow its utility as a large tech product provider.

“I’m pleased to announce that we have continued our revenue growth trend in the first quarter of 2021, with a 64% increase as compared to the same period of last year. Over the last year and in particular, during the last few weeks, we have completed key strategic transactions that we believe will significantly increase our revenue growth velocity.”

CEO of INPX, Nadir Ali

Considering this, Inpixon could be worth considering for your list of penny stocks to watch. 

Penny_Stocks_to_Watch_Inpixon (INPX Stock Chart)

Which Tech Penny Stocks Are You Watching?

Finding the best tech penny stocks to watch can be a daunting challenge. With hundreds to choose from, making fast decisions about buying and selling penny stocks is something all investors face in 2021.

[Read More] 4 Robinhood Penny Stocks to Watch in Summer 2021

But, with the right research and a commitment to education, it can be much easier to find valuable penny stocks as well as valuable tech stocks. With all of this in mind, which tech penny stocks are you watching right now?


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like

Junior Gold Stocks Creating Massive Opportunity for Investors!

An Immediate Stock Alert is Being Called On: IMC International Mining Corp…