Why Tech Penny Stocks Are Heating Up in 2021

Throughout 2021 tech penny stocks have been on fire. When the pandemic began, a major emphasis on tech arose as more people were staying at home than ever before. This meant a need for both work-from-home and educate-from home solutions was extremely pertinent. 

In addition, we saw a major emphasis on tech companies working on biotech solutions for both pandemic related needs and non-pandemic purposes. And while biotech is its own penny stocks niche, often the two groups get lumped together. 

[Read More] 9 Hot Penny Stocks To Watch Right Now, Analyst Targets Up To 290%

With any tech stock, one of the most important things to consider is how innovative the company is and what its commercialization looks like. These are both equally important, and show what its short and long term future could look like. 

Additionally, investors should consider its financial situation alongside how speculatively it trades. This will help to illustrate what future momentum could look like. For these reasons, let’s take a look at the state of the tech industry and seven tech penny stocks to watch right now. 

7 Tech Penny Stocks to Watch 

  1. Synchronoss Technologies Inc. (NASDAQ: SNCR
  2. GTT Communications Inc. (NYSE: GTT
  3. Inuvo Inc. (NYSE: INUV
  4. Ebang International Holdings Inc. (NASDAQ: EBON
  5. Asensus Surgical Inc. (NYSE: ASXC
  6. Senseonics Holdings Inc. (NYSE: SENS)
  7. MICT Inc. (NASDAQ: MICT

Pure Play Tech Penny Stocks Remain an Investor Favorite 

One of the most prominent areas of the tech industry right now is pure play tech penny stocks. These are the most involved tech companies such as Synchronoss Technologies Inc., GTT Communications Inc. (NYSE: GTT), MICT Inc. (NASDAQ: MICT), and more. This includes software and hardware companies working in various areas of the tech marketplace. Additionally, we have the entrance of crypto penny stocks such as Ebang International Holdings Inc. (NASDAQ: EBON). This is a company that provides crypto mining services alongside a slew of other business opportunities. 

While the pandemic did result in increased focus on tech companies, this effect could last well into the future. Many believe that the emphasis on tech as a result of Covid, is something that could cause a stronger need for digital communication and the products that support it. In addition, over the past year, crypto has become a favored investment for all types of traders. And, every day new infrastructure is being built to support its use as a widespread currency. Because of this, many investors are focusing on tech both for the short and long term. 

Penny_Stocks_to_Watch_MICT Inc. (MICT Stock Chart)

Biotech Penny Stocks Continue to Heat Up As Well

On the other side of the tech industry, we have biotech companies working on tech products for healthcare. This includes companies like Asensus Surgical Inc. (NYSE: ASXC), Senseonics Holdings Inc. (NYSE: SENS), and hundreds of others. These companies are of interest due to their constant innovation and commitment toward growth. Because the need for new biotech products is always strong and growing, again many investors believe in both the short and long term future of this side of the tech industry. 

With medical tech companies, investors should focus on what the company is working on right now, and what products it has already commercialized. This will help to give a better estimate of what it could do in terms of revenue and long term profitability. One thing to keep in mind is that biotech companies are especially prone to speculation. This is not necessarily a bad thing, but it can result in large and unexpected price swings. Because of this, having a trading strategy that is geared toward biotech, will help immensely with your search. 

[Read More] Trending Penny Stocks to Buy Right Now? 8 For Your Watchlist

Let’s take ASXC stock for example. Up by over 460% in the past six months, Asensus works on new methods of robotic surgery. Its products digitize the interface between surgeons and patients. This adds both confidence in the procedures repeatability as well as an economical upside for those undergoing procedures. So with this, we see both innovation as well as a high demand and utility for its products. While ASXC is definitely not the only biotech penny stock to watch, it is one that is showing a great deal of potential right now. 

Penny_Stocks_to_Watch_Asensus

Why Tech Penny Stocks?

Tech penny stocks provide some of the most interesting investment opportunities. While other industries are worth investing in, none operate similarly to tech. One of the major benefits is the high volatility and large speculative nature of these stocks. This is the result of constant updates and innovation. For this reason, investors should always work to stay ahead in the market. This means finding out the latest news, which companies are competing with one another, and which could be the best for either short or long term positions. 

This also goes hand in hand with knowing what type of trader you are. If you are risk averse, certain longer term penny stocks may be better suited for you. However, if the opposite is true, then it could be worth finding the most volatile tech stocks out there. And, at the end of the day having a strategy and sticking to it will always be one of the best methods to use. 

tech penny stocks

It is extremely easy to get caught up trying to hop on to the latest big gainer or market trend. We see this FOMO or fear of missing out with blockchain penny stocks, penny stocks on Reddit, and other areas where trending stocks exist. And, most who try to get on board after it’s too late, end up losing substantial amounts in their portfolios. So, stay up to date, use your strategy, and never let FOMO get in the way. 

Which Tech Penny Stocks Are on Your Watchlist?

Right now, investing in penny stocks of all types involves considering what’s going on in the world. With dropping Covid cases, an emphasis on crypto, and fears of long term inflation, it can be difficult to keep up with the markets trajectory.

[Read More] 10 Penny Stocks to Watch as DogeCoin and Bitcoin Push Up

But, no matter if a day ends in the red or the green, there are always buying and selling opportunities for investors to utilize. While having a trading education will help, research will always be your best friend in the market. Considering all of this, which tech penny stocks are on your watchlist 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

Top Penny Stocks To Buy Under $1 On Robinhood This Week

Penny Stocks Under $1 On Robinhood. Are They A Buy Right Now?