Top Tech Penny Stocks for Q1 2022

Time:2022-01-27 Source: 786 views Trending Copy share

The technology sector consists of businesses that develop, build, and market consumer electronics, electronic components, and software. Companies in the tech sector may also provide information technology (IT) services such as cloud computing. While the best-known companies are giants like Apple Inc. (AAPL) and Microsoft Inc. (MSFT), there also are tech businesses that are classified as penny stocks. Penny stocks typically trade at $5 per share or less. Investing in penny stocks can be especially risky and may entail higher trading costs. Investors should therefore be careful when considering whether to invest in these or similar securities.

There is no widely-used benchmark for tech penny stocks, and their performance has varied significantly over the past 12 months. However, the Invesco S&P SmallCap Info Tech ETF (PSCT) provides a general indicator for tech penny stocks. PSCT has underperformed the broader market in the past year, providing a 1-year trailing total return of 10.0% compared with 21.0% for the Russell 1000 Index.1 These market performance numbers and all statistics in the tables below are as of Jan. 13, 2022.

Here are the top three tech penny stocks with the best value, the fastest growth, and the most momentum, respectively.

Best Value Tech Penny Stocks
These are the tech penny stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business's value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The price-to-sales ratio shows how much you're paying for the stock for each dollar of sales generated.

Best Value Tech Penny Stocks


Exela Technologies Inc.: Exela Technologies is a business process automation company. It offers software and services for accounting, human resources management, and other services. On Jan. 12, the company announced the latest of several new contracts and partnerships: it will expand its existing relationship with Mastercard Inc. (MA) in Europe to support the automation of 11 million Giro payments and processing in Norway by using Exela's XBP platform. Giro payments are a way of directly transferring funds from one bank account to another without using physical checks. The terms of the updated partnership were not provided.2
SOS Ltd.: SOS Ltd. is a China-based holding company. Through subsidiaries, SOS offers financial services, including consumer credit, emergency rescue services, as well as insurance products. The company provides a consumer lending marketplace for customers in China.

Boxlight Corp.: Boxlight provides interactive technology solutions including displays, collaboration software, and audio and campus communication solutions. The company serves schools, businesses, and governments. For Q3 2021, ended Sept. 30, Boxlight reported net income of $0.7 million as compared with net loss for the prior-year quarter. Revenue soared 544%. (YOY). Revenue gains were primarily driven by the acquisition of Sahara in Sept. 2020 and increased customer demand.


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