Top five tech penny stocks that gave over 30% return YTD

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 Top five tech penny stocks that gave over 30% return YTD
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Highlights

  • The Exela Technologies, Inc (NASDAQ: XELA) stock surged 39.67% YTD.

  • Pixelworks, Inc (NASDAQ: PXLW) revenue rose to US$14.05 million in Q2, FY21.

  • Net revenue of Ascent Solar Technologies Inc (OTC: ASTI) surged 660% YoY.

The technology sector is often on the investors' radar as tech stocks provide rapid gains. However, these stocks have been wavering in the recent trading sessions, owing to various market uncertainties and geopolitical concerns. But overall, the technology sector remains the movers and shakers in the market, with their handsome profits and market capitalization.

Still, most tech stocks could be out of bounds for many newcomers in the market because of their high prices. There are, however, plenty of other tech stocks that are currently cheap and might probably rise to join their big peers in the future.


Here we explore the top five technology penny stocks that may gain in the coming days.

Also Read: First nine months of 2021 saw highest IPO listings since dotcom bubble

Technology Penny stocks that are attracting investors’ focus


Exela Technologies, Inc. (NASDAQ: XELA)


Exela is a business process automation company based in Irving, Texas. It provides various solutions to businesses for information gathering and other related services.

The shares of the company traded at US$1.8682 at 12:49 pm ET on October 1, down by 3.70 percent from its closing price of September 30. Its stock value increased by 39.67 percent YTD.

The firm has a market cap of US$269.37 million and a forward P/E one year of -2.69. Its EPS is US$-3.51. The highest and lowest prices of the stocks for the last 52 weeks were US$7.82 and US$1.02, respectively. Its trading volume was 17,334,550 on September 30.

The revenue fell by 2.3 percent from its previous quarter to US$293.0 million in Q2, FY21. Its net loss came in at US$19.4 million, compared to a net loss of US$48.7 in the second quarter of fiscal 2020.

Also Read: Five cybersecurity stocks that gave over 19% return YTD

Pixelworks, Inc. (NASDAQ: PXLW)


Pixelworks is a technology company that provides visual processing solutions. It is based in San Jose, California, and develops and markets semiconductors and software.

The stock was priced at US$4.73 at 2:04 pm ET on October 1, down 1.05 percent from its previous closing price. The PXLW stock rose 68.31 percent YTD.

The market cap is US$248.01 million, and the forward P/E one year is -14.94. Its EPS is US$-0.59. The highest and lowest stock prices for the last 52 weeks were US$7.90 and US$1.85, respectively. Its share volume on September 30 was 1,092,936.

The net revenue of the company was US$14.05 million in Q2, FY21, compared to US$9.27 million in the same quarter of the previous year. It reported a net loss of US$4.38 million, compared to a loss of US$8.07 million in Q2, FY20.

Also Read: Lordstown (RIDE) stock up 8% after plans to sell Ohio plant to Foxconn

Ascent Solar Technologies Inc (OTC: ASTI)


Ascent Solar Technologies is a photovoltaic company based in Thornton, Colorado. It uses its film technology for developing photovoltaic modules.

The shares traded at US$0.013 at 13:59 pm ET on October 1, up 2.33 percent from its closing price of September 30. The firm has a market cap of US$1.22 million. Its stock value surged 74.32 percent YTD. Its trading volume was 16,995,140 on September 30.

The firm's net revenue rose 660 percent YoY to US$0.38 million in Q2, FY21. It reported a net loss of US$1.7 million, compared to US$1.36 million in the second quarter of the previous year.

Also Read: US stocks close in red on gloomy economic outlook

Net Savings Link Inc (OTC: NSAV)


Net Savings is a technology company that provides services to companies engaged in cryptocurrencies, blockchain, and other digital assets. It is based in Mayfair, London.

The stock was priced at US$0.0289 at 14:04 pm ET on October 1, up 3.96 percent from its previous closing price. The NSAV stock jumped 5878.49 percent YTD. Its share volume on September 30 was 32,757,740.

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Technology Penny stocks: XELA, PXLW, ASTI, NSAV, INTV


Integrated Ventures Inc (OTC: INTV)


Integrated Ventures is a holding company based in Huntingdon Valley, Pennsylvania. It develops, owns, and invests in technology businesses, primarily blockchain, crypto mining, and other related areas.

The shares traded at US$0.3799 at 14:09 pm ET on October 1, up 15.12 percent from its closing price of September 30. Its stock value grew 729.15 percent YTD. The stock recorded a high of US$0.40 and a low of US$0.33 on Friday. Its share volume was 803,096 on September 30.

The crypto mining revenue of the company came in at US$1.85 million in the fiscal year 2021, compared to US$0.45 million in the previous year. Its gross profit from the mining operations was US$0.93 million for full fiscal 2021, compared to a loss of US$0.54 million last year.

Also Read: Top five real estate investment trusts (REITs) to consider in October

Bottomline


The technology sector witnessed remarkable growth in the past few months. The technology sector of the S&P 500 Index grew by 14.51% percent YTD. Its PE ratio is 32.81. However, investors should evaluate the companies thoroughly before investing in the stock market.

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