3 Communications Penny Stocks That Retail Traders Are Watching
2021 is the year that retail traders have taken over both penny stocks and blue chips. If you’ve traded penny stocks during that time, you’ve likely witnessed the influence that retail traders had, and still have to this day.
Now, this is not something to be scared of, but rather, investors can use this to inform their portfolios. And, in the past week, we’ve seen many communications penny stocks rise substantially in value. This could be in relation to tech earnings, potential for the future, or other factors. But, what we do know is that comms stocks are heating up right now.
What Are Retail Traders and How to Trade Penny Stocks Accordingly
For starters, the term retail trader is nothing new. It simply means those that are not institutional investors (those that work for an institution e.g. hedge fund, etc). With the rise of trading platforms like WeBull, it has never been easier to trade penny stocks. And as a result, retail traders have more influence than ever before.
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This was first witnessed with the GameStop (NYSE: GME) fiasco that occurred at the beginning of the year. And since then, it has become commonplace in any given week to see a stock skyrocket in volume and in price. Most recently, this includes companies like Progenity Inc. (NASDAQ: PROG), Digital World Acquisition Corp. (NASDAQ: DWAC), and more. So, we see that retail traders can affect the market, but, how can we take advantage of that?
Well, the best way to do so is to stay as up-to-date as possible with what’s going on in the market. This means constantly looking at the news and staying updated on events pertaining to specific stocks or industries. With penny stocks, the trader with the most information will always be in the most advantageous position. So, considering all of this, let’s take a look at three penny stocks that retail traders should watch right now.
3 Penny Stocks For Retail Traders to Watch Right Now
- SuperCom Ltd. (NASDAQ: SPCB)
- COMSovereign Holding Corp. (NASDAQ: COMS)
- Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
SuperCom Ltd. (NASDAQ: SPCB)
SuperCom Ltd. is a penny stock that has climbed by more than 12% in the past five days. This is a substantial amount and reflects the company as well as the communications industry. For some context, this company offers cyber security, digital identity, Internet of Things, and connectivity among other things. Its services are offered to governments and private or public organizations. Its MAGNA product is for ID registries, e-passports, biometric visas, and more. It also has AVIDITY WBSac and BOLSTER WBSac under its umbrella.
On October 7th, the company announced that it won a new $1 million project in the central coast of California. Its fully-owned subsidiary, Leaders in Community Alternatives got the project with a probation department in central coast California to offer rehabilitative services. The project is valued at $1 million over a 3-year term, about $340,000 per year. This project is expected to launch and start making revenue before the end of the year.
“We are pleased to be awarded another project with an existing customer, further validating the value of our offerings and the strength of our long-term customer relationships. We attribute this win also to our successful track record of creating customized programs that best suit the needs of public agencies related to reducing recidivism, improving outcomes, as well as providing treatments and services which ultimately change behavior.”The President and CEO of SuperCom, Ordan Trabelsi
SPCB’s stock price has been climbing substantially in the past few weeks as a result of its business prospects. Noting this, will SPCB stock be on your penny stocks watchlist next month?
COMSovereign Holding Corp. (NASDAQ: COMS)
COMSovereign Holding Corp. is a communications company that offers tech-advanced telecom solutions. It is involved in the design, manufacturing, and sale of these products. Some of its products include microwave packet radio equipment, telecom radios, and batteries. Its intelligent batteries and backup power solutions are used in industrial, automotive, aerospace, and marine vessels.
On October 25th, the company announced that it delivered a 5G O-RAN system to the National Institute of Standards and Technology (NIST). Now, NIST engineers will work with COMSoverign to evaluate and demonstrate the coverages of 5G and MICT. The parties will use COMSoverign’s standalone 5G system components to run more tests. Right now, 5G is extremely popular, and investors are scrambling to find stocks that relate. As a result, it could be worth taking a closer look at COMS stock right now.
“This system delivery is the latest in a series of important 5G development partnerships we have executed over the past year. We are proud to say that with this delivery, we are now actively engaged with stakeholders in academia, the Federal Government and in public and private commercial markets, all of whom are defining the future of wireless communications.”CTO of COMS, Dr. Dustin McIntire
Considering this new information, will COMS be on your list of penny stocks to watch?
Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
Powerbridge Technologies Co. Ltd. is a tech penny stock that offers software apps and tech solutions. Its services are primarily offered in China and include the Trade Enterprise, Trade Compliance, Powerbridge System Solutions, and more. One attention-grabbing part of its business is the Powerbridge Blockchain-as-a-Service section. All of its products serve sales, government, logistics, and many other types of businesses. In 2021, we’ve seen the rise of blockchain, and its subsequent use cases globally. And, many companies continue to work to find new ways to utilize this groundbreaking technology.
On October 8th, the company announced that Powercrypto Holdings, a subsidiary of Powerbridge, is starting cryptocurrency mining. Specifically, the company will be mining for both Bitcoin and Ethereum. The company plans on deploying 2,600 high-performance mining rigs in Hong Kong, including 600 high-performance mining rigs.
“Powercrypto is a major strategic move by the Company to highlight our global presence in the crypto-mining business. We will focus on enhancing our overall hash rate level in BTC and ETH mining by setting up mining fleets in North America and Asia.”General Manager and CTO of Powerbridge, Sean Wang
While shares of PBTS stock are down today, they have climbed by over 39% in the past five days and are still down from its over $6.30 high back in February. With all of this in mind, does PBTS deserve a spot on your watchlist?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy is all about understanding where to look. Right now, the influence of retail traders has helped to bring a slew of new stocks into the spotlight.
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And as a result, making money with penny stocks in 2021 is completely possible. In addition, the rise of the communications industry during this time has brought in new investments and new attention to the market. With all of this in mind, which penny stocks are you watching right now?