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Are There Any Tech Penny Stocks Under $5?
BUZ INVESTORS NASDAQ Penny Stocks If bull markets are “the rising tide that lifts all boats,” why are there NASDAQ penny stocks under $5.00? Shouldn’t they have swelled past that level by now? After all, the NASDAQ was in a bull market for the last five years (with the exception of Q3 and Q4 of 2015). So why can we still find cheap tech stocks for less than $5.00?
There are five possibilities:
The stock IPO price was really low. A young company that understands optics might go public at a lower price
Investors think the stock is “stale.” Sometimes good companies get walloped because investors are convinced the stock has peaked.
Investors don’t think the stock is battle-tested. It’s not enough for a stock to have promise—investors also want a certain amount of resilience. Unfortunately, resilience can only be proven through experience
The stock is just…bad. Of course, there’s always the possibility that the stock is trading below $5.00 because it’s representing a bad company. This is obviously the worst option, but things could turn around—see Apple Inc. (NASDAQ:(AAPL) for example.
NASDAQ Penny Stocks
|TOP 10 NASDAQ STOCKS — YTD PERFORMANCE|
|Symbol||Company||Share Price||YTD Return|
|$CGIX||Cancer Genetics Inc||$4.00||196%|
|$GALT||Galectin Therapeutics Inc||$2.84||190%|
|$$PME||Pingtan Marine Enterprise Ltd||$4.43||155%|
|$PIRS||Pieris Pharmaceuticals Inc||$3.56||153%|
|$WCST||Wecast Network Inc||$2.99||143%|
|$HPJ||Highpower International Inc||$4.95||111%|
|$SAUC||Diversified Restaurant Holdings, Inc||$2.83||102%|
NASDAQ Penny Stocks List 2017
1. Pulmatrix Inc
Biotech is one of the hottest parts of the stock market. There are dozens of winners coming out of this space, not all of them expensive. Pulmatrix Inc (NASDAQ:(PULM),
2. Cancer Genetics Inc
Despite widespread advances in smartphone technology, we haven’t cracked the code on real problems in society. Like cancer, for instance. Cancer is still one of the hardest diseases to deal with, yet our technology doesn’t seem to be getting better at addressing it. Cancer Genetics Inc (NASDAQ:(CGIX)
3. Galectin Therapeutics Inc
Didn’t I tell you that biotech is a hot sector? Galectin Therapeutics Inc. (NASDAQ:(GALT) is third on our list of NASDAQ penny stocks
4. Pingtan Marine Enterprise Ltd
Pingtan Marine Enterprise Ltd (NASDAQ:(PME) is just about as far away from biotech as you can imagine. It is a U.S.-listed fishing company based out of China.
5. Pieris Pharmaceuticals Inc
Okay, one stock was enough of a break. Back to biotech. Pieris Pharmaceuticals Inc (NASDAQ:(PIRS) has a slate of opportunities in immunology-related products
6. Wecast Network Inc
Wecast Network Inc (NASDAQ:(WCST) is a Chinese conglomerate that’s ostensibly a media company. However, it encompasses a full range of weird businesses,
7. Internap Corp
Of all the penny stocks in the technology sector, Internap Corp (NASDAQ:(INAP) is probably the least headline-worthy.
8. Highpower International Inc
As a maker of industrial batteries, Highpower International Inc (NASDAQ:(HPJ) should write Elon Musk a check. The Tesla Inc-billionaire has elevated the entire battery industry by building his giant “Gigafactory”
9. ImmunoGen, Inc.
Yes, ImmunoGen, Inc. (NASDAQ:(IMGN) is another biotech stock. It partners with leading firms like Amgen, Roche, and Novartis to provide novel treatments for cancer patients, which is a story that might sound familiar by now.
10. Diversified Restaurant Holdings, Inc
Have you ever eaten at a Buffalo Wild Wings? Well, then you’ve contributed to the earnings beast that is Diversified Restaurant Holdings, Inc (NASDAQ:(SAUC).