Examples of Tech Penny Stocks

Here are some examples of tech penny stocks that you could learn more about.

By Marcel Deer

Edited by Petar Milenkovic

Updated July 16, 2024.

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﻿Penny stocks are typically shares in small companies. They trade at affordable prices—usually less than $5 per share—but are more volatile than established stocks and go through significant gains or losses in a relatively short period.
Thorough research of penny stocks is the first step to navigating said volatility.
Let's look at five tech penny stocks that have shown good performance and recently generated attention in the tech industry.
» Want to know more about volatility? Learn the risk and rewards of trading in a volatile market.
Note: Fortrade offers the ability to trade the price changes of instruments with CFDs and NOT to buy/sell ownership of instruments themselves.  All the information in this blog is purely
educational and should NOT be considered advice.
Examples of Tech Penny StocksSurf Air Mobility Inc. (NYSE: SRFM)
Nikola Corporation (NASDAQ: NKLA)
BigBear.ai Holdings Inc. (NYSE: BBAI)
Retractable Technologies Inc. (NYSEAMERICAN: RVP)
BlackBerry Limited (NYSE: BB)
1. Surf Air Mobility Inc. (SRFM)Surf Air Mobility is an aviation company launched in 2021 that aims to tackle the climate crisis within the aviation industry. 
The company offers an air mobility service with scheduled flights on routes and on-demand charter flights.
Air Mobility aims to unlock around 5,000 public-use airports in the US alone without negatively impacting the industry's carbon footprint. The company promotes novel electric aircraft.
Surf Air has recently announced a partnership with Azul Conecta—they will incorporate electric powertrains into Azul's existing fleet of Cessna caravans.
According to Surf Air's financial report, their revenue grew 6.2% in Q3 2023 against the same quarter in 2022.
 
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Source: Google Finance
» Looking for other trends on the rise? There are 5 other emerging technologies in 2024﻿
2. Nikola Corporation (NKLA)Nikola Corporation manufactures battery and hydrogen-powered electric vehicles and components, including drivetrains and storage systems. They also provide infrastructure for hydrogen-filling stations.
Market trends favor eco-tech, with massive investments towards green-friendly solutions to help solve the climate crisis.
In Q3 2023, Nikola raised $250 million. This increased their cash flow by $136.2 million and tripled their available cash flow from Q1 2023.
 
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Source: Google
Critical milestones include the beginning of hydrogen fuel cell demos using a mobile fueler and the addition of Mary Chan as COO. 
3. BigBear.ai Holdings Inc. (BBAI)BigBear Holdings specializes in AI and machine-learning tools to help people make the best-informed decisions in the cybersecurity and supply chain sectors. 
The company uses machine learning to keep improving its autonomous algorithms. As a result, they assist clients across diverse industries, from life sciences and healthcare to manufacturing.
Thanks to the AI buzz, BigBear saw a few massive share surges throughout 2022 and 2023.
 
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Source: Google Finance
Following the surge in February 2023, BigBear announced a partnership with defence giant L3Harris to provide predictive analysis for self-propelled sea vessels, exclusively for the US Department of Defense.
This partnership has given BigBear a boost in the fast-growing AI sector, which could positively impact the company's value.
4. Retractable Technologies Inc. (RVP)Retractable Technologies is a US-based healthcare manufacturer. Its mission is to revolutionize healthcare technology, particularly in the field of blood collection and syringe needles.
The company strives to reduce the global spread of infectious diseases. To achieve this, they created the VanishPoint Syringe. This syringe is designed for easy, one-handed use, takes up less disposal space, and prevents needle injuries during disposal.
Retractable has also designed safe insulin syringes that provide precise doses to people with diabetes. The syringes are also easy to dispose of.
 
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Source: Google
5. BlackBerry Limited (BB)Once famed for its handheld cellphones with fully functional keypads, BlackBerry is re-emerging as a key mover in cybersecurity solutions for governments and global enterprises.
With governments and businesses at risk from hackers on a global level, cybersecurity is growing in importance.
BlackBerry recently announced a long-term agreement with the Malaysian Government. 
The agreement will provide the South Asian country with BlackBerry's cybersecurity solutions, including the NATO-certified SecuSUITE to protect governmental communications.
 
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Source: Google
BlackBerry's share price dipped in Q4 2023, but taking into account the new security agreement, it is feasible they could make up for these losses throughout 2024.
Other Tech Penny Stocks to ExamineThe five penny stocks in this article only scratch the surface of what's available from tech penny stock investments.
GoPro (NASDAQ: GPRO), for example, is cornering the market for portable and mountable camera users, especially extreme sports enthusiasts. 
Meanwhile, Nerdy's (NYSE: NRDY) platform, connecting parents and students with tutors and educators, has seen good revenue increases in 2023.
Strong adoption in both sectors and specific platforms makes these two tech penny stocks worth looking into.
» Curious about trading these stocks? Learn how to start trading penny stocks.
Future-Proofing Portfolio With Tech Penny StocksThe tech sector is evolving at breakneck speed, so it's crucial to follow new releases and changes.
There is no shortage of tech penny stocks available. However, the ones focusing on sustainability, renewable sources, and clean innovations could outperform the purely technological competitors.
Before investing, however, always do your due diligence and consult with a financial advisor to help future-proof your finances.
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