Over the past few years, communications companies have been rolling out 5G technology to improve the quality of their networks. Investors are taking note and are looking to get a hold of the best 5G penny stocks as an affordable entry point into this burgeoning tech.
Buying shares of 5G companies could result in huge returns later on as the industry continues to grow.
As 5G technology becomes mainstream, many stocks are taking off with it.
Should you want to capitalize on this growing trend, there are still a few penny stocks worth checking out.
These low-value stocks allow new investors and experienced traders can buy into these companies without breaking the bank.
We’ve rounded up some of the top 5G penny stocks to watch right now.
Investors will want to look into these stocks before they break out of the penny stock range.
Best 5G Penny Stocks
- UTStarcom Holdings Corp. (NASDAQ: UTSI)
- Veon Ltd. (NASDAQ: VEON)
- Borqs Technologies Inc. (NASDAQ: BRQS)
- Wireless Telecom Group, Inc. (NYSE: WTT)
UTStarcom Holdings Corp. (NASDAQ: UTSI)
UTStarcom is a Chinese company that offers a variety of telecommunications services and products.
Although UTStarcom does not power 5G networks directly, their products provide direct access to 5G connectivity.
The company is based in Beijing and serves the booming Chinese market, but it also operates internationally.
It provides its telecommunications services throughout Asia, Latin America, Africa, and the Middle East.
Like many other 5G penny stocks, UTStarcom’s pricing has been up and down this year.
Its share price has spiked multiple times as a result of hype around 5G technology and is currently settling in at a 35% gain from last year.
This stock could still be a good option for investors willing to take a risk.
Despite its status as a penny stock, UTStarcom’s products have a wide range of potential applications and a global customer base.
Both of these bode well for the future of the company.
Veon Ltd. (NASDAQ: VEON)
Veon is a 5G and internet services provider and is located in Amsterdam in the Netherlands.
The company provides over 210 million customers with voice, data, digital services, and broadband in ten countries from Eastern Europe to western Asia and northern Africa.
It has several unique brand names that support each of these regions.
Veon Ltd. is still looking to expand its 4G coverage as it looks to start implementing 5G technology.
With a market cap of $3.31 billion and a team of over 40,000, Veon is by no means a small enterprise.
Business has been down the last few years, but Veon is working on quality improvements and bringing more projects in-house to better facilitate.
These recent changes are bringing Veon Ltd. back into the light, and it has seen a 30% increase in share price over the last year.
Borqs Technologies Inc. (NASDAQ: BRQS)
Borqs Technologies Inc. focuses on Internet of Things technology but looks to expand its footprint by getting involved with 5G technology.
The company, located in China, is dedicated to building a 5G industrial park in Huzhou.
The project broke ground in May of this year, and Borqs will have the facility for 2.5 years rent-free.
It will work quickly to complete and staff the complex with technicians and engineers to maximize the opportunity.
Although Borqs stock continues to trend downward, this infrastructure project will hopefully give it a new lease on life.
Borqs also supports a line of smart devices to help diversify its revenue.
Investing in Borgs now may have huge rewards if the company can get its 5G program off the ground.
Wireless Telecom Group, Inc. (NYSE: WTT)
Wireless Telecom Group is a New Jersey-based organization that has dealt with communications system testing for over 20 years.
Today, the company both designs and manufactures technologies found in wireless communication devices.
It’s a leader of the pack in terms of electronic manufacturing services in its industry.
As technology began to point toward 5G, Wireless Telecom chose to use its knowledge of radio access networks to develop the latest 5G applications.
It sells software and hardware solutions to help private industrial companies roll out their 5G networks.
With 5G networks popping up all over, this should bode well for Wireless Telecom.
Its stock has leveled off from a massive spike at the end of June and is still nearly 40% higher than last year at this time.
If the company can continue to carve out its space in the 5G craze, Wireless Telecom could see a rise to the top.
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Best 5G Network Penny Stocks
- Globalstar Inc. (NYSE: GSAT)
- ADDVantage Technologies Group, Inc. (NASDAQ: AEY)
- Vislink Technologies Inc. (NASDAQ: VISL)
- Communications Systems Inc. (NASDAQ: JCS)
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Globalstar Inc. (NYSE: GSAT)
Globalstar Inc. is a satellite communications venture that runs its own low-orbit satellite constellation and is a top mobile satellite services provider.
This satellite constellation powers satellite phones and other communication devices that use this network.
There has been a lot of hype around Globalstar over the past year, as many people have realized just how effective its network could be for powering 5G devices.
In particular, many retail investors on platforms like Reddit were excited about this stock.
Globalstar has partnered with Nokia on two different occasions to deploy some of its technology.
After trading for less than $0.50 per share for most of 2020, Globalstar stock spiked at the beginning of 2021.
It has spiked on two occasions since then and has otherwise shown a gradual increase.
At the time of writing, share prices are up nearly 400% from last year alone.
Investors that buy this stock at the right time could see huge short-term returns because of this stock’s relative volatility, although this strategy can be risky.
Many people think this stock could also be a solid long-term buy.
While Globalstar is known mainly for its satellite communications network, it also develops commercial IoT technology.
This technology could be used for emergency response or even to monitor alternative energy sources, to name a few potential applications.
There are so many different ways this company could expand its operations in the future, which could increase its revenue and push its share price up.
ADDVantage Technologies Group, Inc. (NASDAQ: AEY)
ADDVantage Technologies is based in Oklahoma and provides connectivity infrastructure products for communications companies in the U.S.
As cell phone providers transition to 5G, they will need the services that ADDVantage provides for their clients.
It offers cell tower installation and upgrades, and it can also build small 5G cells.
Although many large carriers have already switched their networks to 5G, small and mid-sized carriers still haven’t made this transition.
ADDVantage can help meet demand from these smaller providers.
The company’s share price has been trading sideways for the last several months but may pick up as more carriers switch to 5G.
Investors will want to keep an eye on its financials and other relevant news to time their buys accurately.
Vislink Technologies, headquartered in Florida, works in the distribution and management of high-quality data in the form of live video.
To capitalize on this, the company looks to implement both artificial intelligence and 5G technologies to keep imaging crisp and fresh.
Vislink boosted its streaming capability with the recent acquisition of Mobile Viewpoint.
Mobile Viewpoint brings in both 4G and 5G technologies that give Vislink an edge in streaming.
Vislink further introduced the world’s first standalone 5G network to capture the MotoGP live in 5G.
The company’s stock share is still looking to rev up as these new 5G services race to the forefront.
However, the purchase of Mobile Viewpoint and streaming partnerships could be a win for Vislink.
Communications Systems Inc. (NASDAQ: JCS)
Communications Systems provides the physical infrastructure necessary to run broadband systems.
The company started in communications back in 1969 and is still in the space today.
Today, it works with clients large and small to develop efficient broadband network infrastructure.
These clients are located in over 100 countries around the world.
Digital connectivity has become crucial over the past few years, making this company’s products and services increasingly essential.
This stock has been steadily increasing in price over the past few months, although a recent drop puts the company back in the penny stock range.
Communications Systems does pay out a dividend of 2.10%.
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Should You Buy 5G Penny Stocks?
5G technology has completely changed the communications industry.
This fifth-generation mobile network provides much faster connectivity than previous generations.
In today’s society, we rely heavily on smartphones, the Internet of Things, and other network-enabled pieces of technology.
As a result, 5G connectivity is in high demand around the world.
The 5G penny stocks listed are in a great position to benefit from this expansion.
Since these stocks are still trading for less than $5 per share, investors can easily add them to their portfolio without breaking the bank.
However, it’s important to be cautious when trading penny stocks.
The Risks with Buying a Penny Stock
Although you can purchase them for a very affordable price, they do come with some added risks.
Penny stocks tend to have a fairly low trading volume, which means they are more volatile and susceptible to sudden price jumps.
When purchasing penny stocks (including 5G penny stocks), you’ll want to take a look at their trading volume as well as their most recent financial data.
Looking at these pieces of information ahead of time can help you avoid this volatility.
But even the best 5G penny stocks aren’t free of risk.
Luckily, many of the stocks in this article have relatively high volume for a penny stock due to the hype around 5G and the communications industry in general.
If you’re on a budget but still want to invest in 5G, these 5G penny stocks are a very affordable way to jump into this hot market, especially if they’re trading under $1.
So, while there are higher price options on the stock market, these are much more accessible.
Where to Buy the Best 5G Penny Stocks
There are a lot of solid online brokers that offer some of the best 5G penny stocks on the market.
The Robinhood platform is a lot easier to use for newbies
Check here for our picks for the best Robinhood Penny stocks if you want more affordable investment options.
You won’t be able to buy every single 5G penny stock out there, but these platforms are a good place to start your search.
5G Penny Stocks: Final Thoughts
For the companies listed in this article, 5G technology could serve as a considerable source of revenue over the next few years.
If 5G technology does prove to be this lucrative, these stocks could easily break out of the $5 range.
Keep in mind that the companies these penny stocks represent do not need to follow the same financial disclosures to the Securities and Exchange Commission (SEC).
Also, if you want to invest in 5G tech, it might not hurt to give 5G ETFs a look.
While there is some risk involved, now could be the time to buy 5G penny stocks if you want to take advantage of this booming industry.
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