Hot Penny Stocks To Buy On Robinhood For Under $ 3 If Tech Is On Your List

Should these be on your list of Penny stocks to buy this week?

That you like penny stocks or hate them, they’re part of the biggest conversation out there right now. Many major outlets, from Bloomberg to Yahoo Finance, are realizing what many readers have long known. Penny stocks are on fire right now. The crowds of new traders who entered the stock market last year have created a snowball effect with more and more new traders finding stocks as a way to make money. One of the most popular apps they’ve used is Robinhood. While opinions on the app are mixed, there is no denying that its ease of use and quick setup time have made it easy to get started in day trading.

But what he didn’t offer was education. This is where we saw a lot of these new Robinhood traders losing a lot of money, even bragging about subreddit because they believed in the hype more than other factors such as fundamentals or the techniques. Earlier today, we posted an article on 7 Key Principles New Traders Should Keep in Mind. One of the themes repeated throughout this article was that making money is the goal of trading.

It sounds crazy, but when it comes to volatile stocks like these, it’s easy to get caught up in the hype. It’s also easy to get caught up in the “maybe it’ll go higher” or “if it goes up $ X even more, I’ll make $ Y” mentality. Ultimately, there is no guarantee in the market. If there is a profit to be made, there is no reason to ignore it. Also, keep in mind that if a trend is really as strong as you think it is, there should be additional opportunities later to re-enter a winning trade.

Make Your List of Penny Stocks

So where does that leave traders this week? Due to the holiday weekend, we are considering a shortened week. If you ask: “Is the stock exchange open on Monday?” The answer is no. But that doesn’t mean you can’t take advantage of downtime. What better way to use some of that free time than to build your penny stocks list for the start of the week?

When trading resumes Tuesday morning, you will have at least one starting point to go. With that in mind, we have a list of a few tech companies that have been gaining momentum recently. Even though they are cheaper, trading below $ 3, are they the best penny stocks to buy this week? I let you decide

Robinhood Penny Stocks To Buy Under $ 3

UTStarcom Holdings Corp.

With more 5G than ever before, companies like UTStarcom Holdings are striving to capitalize on this growing market. As a 5G penny stock, UTStarcom operates as a telecommunications infrastructure provider. This means that it develops and markets the technology that supports everything from mobile streaming to fiber optics and more. Based in China, UTStarcom strives to offer its telecommunications services to many countries in Asia. This includes Japan, India, Taiwan, and others. On January 11, exciting news broke stating that UTStarcom would work with a mobile operator in Europe. The aim is to provide a wide range of networking software as well as a 5G infrastructure.

As part of the agreement, UTStarcom will use its new TN704E metro access platform to help optimize network capacity at existing sites. It is estimated that this deployment will take approximately three years. With Phase I already underway, this could continue to be a great opportunity for UTSI.

With more people at home than ever before, the demand for high speed internet has increased dramatically. This demand is felt in Asia, Europe and the world. Since December 1, UTSI shares have climbed around 60% so far. With the focus on 5G for now, it will be interesting to see how the company leverages its current plans to expand into the 5G ecosystem.

Vislink Technologies Inc.

Recently there has been a lot of interest in communications stocks and the tech market in general. Thanks to the constant interest in global headlines, companies in this niche have launched a new initiative that involves a new twist in information technology. Vislink provides high quality live entertainment and communications equipment to its global customers. While not the biggest driver in the industry, VISL’s stock price has managed to climb to 84% in the past 30 days.

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We have reported on Vislink several times in the past. One of the things that I can personally say is that the company does not publish too many titles. However, it is one of the loudest public companies on Twitter. This seems to have become the focus of traders after the latest Vislink milestones. From providing first responders with actionable data to offering monitoring and wireless communications, Twitter is where the company has chosen to report these updates.

Currently, several factors have influenced public interest in the company. First, the increased threat levels in DCs are causing many stocks exposed to surveillance to gain attention. Second, Vislink recently provided an update on a new data infrastructure platform, its IP Link 3.0. This provides benefits to a wide range of end users, including public safety, first responders, and even virtual learners.

“The advanced visual standard ATSC 3.0 enables audiences to enjoy a media-rich television broadcasting system with revolutionary video and audio quality improvements, as well as a path for exciting features such as interactivity and participation, which gives kids the chance to enjoy interactive games and adventures with their favorite shows, ”said Sean Van, Vislink’s product or live production manager, in a January PR.

SeaChange International Inc.

SeaChange International is another of the technology pennies on Robinhood for your list this week. This company recently hit some scanners when SEAC started seeing higher trading volume levels in December. Since the December 28 article, SEAC has managed to climb to 100%. So what has been the driving force behind this technological stock? SeaChange Profit Results. The company beat Wall Street estimates for earnings per share in its fiscal third quarter 2021. Additionally, the company noted strong demand from content owners for its new “Video Apps” platform.

This platform offers content owners the ability to launch TV and video applications directly to consumers through smart TVs and connected platforms. Its “SeaChange Framework” has also helped content owners “generate new sources of ad revenue through the automated sale of their ad inventory.” Last year, the company said it won the “most significant victory” in its history with one of the world’s largest mobile network operators for SeaChange advertising solutions. The company said the overall potential revenue opportunity over the next three years is approximately $ 100 million. This is based on the customer’s annual unsold ad inventory and the share of revenue SeaChange would receive for monetizing it.

Looking at this year, special attention is now paid to the leadership transitions underway within the company. Last week, SeaChange appointed Chairman Roberts Pons as Executive Chairman. While the company searches for a new CEO, Pons will also take on the role of interim CEO.

Are Penny’s stocks on your list this week?

The past week ended with renewed interest in penny stocks. I think this shorter week will start the same way. It’s important to keep in mind (especially if you’re new to trading) that these cheaper stocks come with much higher levels of inherent risk. At the very simplistic level, falling prices open the door to increased volatility.

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A small change in price can equal a larger percentage change. It’s great when it’s in favor of your craft. But when it’s in the opposite direction, that’s where you can have trouble. In light of the recent interest in stocks under $ 5, whether you use Robinhood, Interactive Brokers, or other platforms, always weigh the risk and reward of each name on your list of penny stocks.