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Summary
- Exela's revenue declined in Q1 - falling 17.9% to US$365.5 million YoY.
- Borqs offers cloud solutions and makes devices for Android-based platforms.
- NGL is an Oklahoma-based energy company with a diversified business.
Penny stocks are a popular choice for investors. They are cheap and offer an opportunity for growth. Since they are also often relatively lesser-known companies, they come with potential risk. Only an informed investor perhaps be able to spot the latent dangers beneath an attractive-looking stock.
While some penny stocks double or triple their value in a short span, others quit the race or continue to grind with the forces of the markets.
However, most such companies may show a strong drive to excel, especially in their formative years.
Let's look at the following seven penny stocks to find out what their businesses are and how they have been performing.
Exela Technologies (NASDAQ:XELA)
Exela is a software company headquartered in Texas. Its clients are from the banking, healthcare, and insurance sectors.
Exela's revenue declined sharply in Q1 - falling 17.9% to US$365.5 million YoY.
Its fiscal-2020 first-quarter revenue was US$300.1 million.
The stock closed at US$1.57 on Wednesday, May 26, an increase of 2.61%.
Exela has a market cap of around US$94 million.
Sonim Technologies (NASDAQ:SONM)
Sonim is also a Texas-based company and makes specially designed waterproof mobile phones.
Its customers typically work in a challenging environment or engaged in physical labor. Hence, they need a phone that is not easily breakable.
Sonim's market cap is around US$31.2 million.
The stock's Wednesday closing price was US$1.57, up 2.61%.
Its full-year 2020 revenue was around US$63.9 million.
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Borqs Technologies (NASDAQ:BRQS)
Borqs is headquartered in China and deals in internet technology. Besides software, it provides internet products (IoT) for its customers.
It offers cloud solutions and makes devices for Android-based platforms.
Borqs' market cap is around US$76.8 million.
Its full-year 2020 revenue was around US$26.7 million.
The stock's closing price was US$0.86 on Wednesday, an increase of 2.53%.
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NGL Energy (NYSE:NGL)
NGL is an Oklahoma based energy company. It has a diversified business, which includes transportation and storage of oil and gas products.
The stock was priced at US$2.33 at the market close on Wednesday, an increase of 1.3%.
Revenue from operation was US$125 million in Q3 of fiscal 2021.
NGL's market cap is around US$299.2 million.
Chesapeake Granite Wash Trust Units (OTC:CHKR)
It is another US energy company headquartered in Houston, Texas. The company has oil fields in Oklahoma's Washita County. Its market cap is around US$19.168 million.
The company earned revenue of around US$4.94 million last year. Besides income from royalty, it has a vast reserve of oil.
Chesapeake had announced to start quarterly dividend for shareholders.
The stock was trading at US$0.41, down 2.33%, at the market close on Wednesday.
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Organicell Regenerative Medicine Inc (OTCMKTS: BPSR)
It is a biopharmaceutical company headquartered in Florida. It specializes in regenerative therapies. Its market cap is approximately U$208.2 million.
The closing price of the stock on Wednesday was US$0.20, down 10% from the previous session. It earned around US$3.05 million last year. Organicell was founded in 2008.
Hello Pal International (OTC:HLLPF)
Hello Pal is a social media company and offers messaging and live-streaming services. The platform enables users to talk in their language.
The company is headquartered in Vancouver, Canada. Hello Pal's market cap is around US$138.343 million. The company reported revenue of CAD$2.494 million for April 2021.
The stock was priced at US$0.9954 at the close, down 2.41% from Tuesday's session.
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