The following guide covers the Best 5G Penny Stocks to buy for the future.
The best 5G penny stocks on are GSAT, INS, ASX, VEON, and many others found in this list.
While Robinhood is the most used brokerage for trading 5G penny stocks, all of the stocks in this guide can be traded on any popular brokerage such as Vanguard, WeBull, Fidelity, TD Ameritrade, and others.
Prior to diving into the best 5G penny stocks, it’s important to understand what a penny stock is and the risks associated with investing in them. See our popular guide below.
What is a Penny Stock?
A penny stock is defined by Investopedia as the stock of a small company that trades for less than $5 per share.
Therefore, a 5G penny stock is a company whose stock trades for less than $5 per share and is involved in the telecom industry.
However, because the 5G space has been exploding in 2022, in this guide we have included stocks of popular telecom companies that are trading for less than $10 per share.
In the past many classified penny stocks as company stocks that trade for less than $1.00 per share. This was later modified by the Securities and Exchange Commission (SEC).
Although all penny stocks listed below trade on huge exchanges like the New York Stock Exchange (NYSE), it’s important to note that most trade over the counter through the OTC Bulletin Board (OTCBB).
Many small businesses use their penny stocks as a way to access funding from retail investors.
Important: Before investing in penny stocks, it’s important to understand the risks and commonalities of penny stocks.
Investing in penny stocks is not a common trend among the world’s best investors. The greatest investors are known to hold broad market Index Funds for decades.
In fact, the best investors are actually dead:
Some of the main risks with investing in penny stocks include the following:
- High volatility
- Unproven businesses
- Lack of liquidity
- Targets for “pump and dumps”
- Higher probability of bankruptcy and fraud
- Limited company financial records
While there are several risks, it is still very possible for investors to make money from 5G penny stocks through share appreciation.
The same can also be said for promising companies who file for Initial Public Offerings (IPOs).
Some of the household companies today that were once penny stocks include Apple, Ford, Snap, Monster Beverage, Plug Power, and more.
Below you will find a complete list of the best 5G penny stocks.
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Best 5G Penny Stocks – January 2022
I recommend bookmarking this page to keep you up to date on the Best 5G Penny Stocks. This page is updated daily for your reference.
The following list was last updated on Wed, Jan, 26, 2022
As of this writing, all 5G penny stocks listed below are currently available for trading on Robinhood and other brokerages.
The 5G penny stocks below are ranked based on the following criteria:
- Company outlook
- Market Cap
- Historical performance
- Average Volume
Wealthy Diligence Promo: Robinhood is currently offering one Free Stock worth up to $165 for new users. Click the link below to get started!
Globalstar (GSAT) tops our list of 5G penny stocks for several reasons. Globalstar is involved in the provision of mobile satellite services, making it a popular play among those interested in 5G.
This company’s market cap tops an impressive $2.47 billion and holds an average stock price between $1-1.70 in 2021.
Market Cap: $2.47B
Average Volume: 5.30M
Inseego (INSG) is another well-known name in the 5G space. This company specializes in smart “device-to-cloud” solutions.
Inseego holds a market cap exceeding $1 billion and has returned over 400% for its investors over the past five years!
Market Cap: $1.06B
Average Volume: 1.41M
ASE Technology (ASX) is a Taiwan-based company that specializes in both testing and manufacturing semiconductor products.
This 5G company has an impressive market cap of over $20 billion and has yielded a return of over 23% since its IPO in 2018.
Market Cap: $20.32B
Average Volume: 2.52M
Veon Ltd (VEON) is a 5G holding company based in Amsterdam that specializes in the provision of connectivity and internet services.
Although this company has been down the past five years, they have been on the rise YTD and carries a market cap above $3 billion.
Market Cap: $3.08B
Average Volume: 4.17M
Ribbon Communications (RBBN) is a telecom company specializing in the delivery of networking solutions to enterprises and infrastructure sectors.
This Texas-based company touts a market cap of over $1 billion and is up over 50% year to date (YTD) for its investors!
Market Cap: $1.22B
Average Volume: 418.86K
Borqs Technologies (BRQS) is a telecom/tech company specializing in the development of Android platform solutions and hardware products.
This company is based in China and carries a market cap above $94 million.
Market Cap: $94.43M
Average Volume: 5.97M
UTStarcom (UTSI) is a telecom infrastructure company that develops the technology for cloud-based services and mobile applications.
This Chinese-based company has a market cap of above $52 million and could be a good buying opportunity in the near future.
Market Cap: $52.12M
Average Volume: 33.02K
How to Find 5G Penny Stocks on Robinhood
Finding the best 5G penny stocks on Robinhood is a simple process we outline below. Follow these quick steps.
1. Sign up for a free Robinhood account – Click Here to Sign Up With Free Stock
2. Click the search bar on top and enter “telecom” or you can select the “telecom” option under Trending Lists.
3. You are now able to see the most popular 5G stocks traded on Robinhood.
4. Next click the “Price” column to sort from lowest share price to highest. That’s it! You can now find the most popular 5G penny stocks.
Overall, these are the best 5G penny stocks currently available. Always be sure to invest responsibly!
Refer to the video below for even more 5G penny stock ideas:
For more popular investment guides, see the links below.
- How to Get Robinhood Dividends
- Best Lithium Stocks
- Best Semiconductor Chip Stocks
- Best Copper Stocks
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5G Penny Stocks FAQ
What are the best 5G Penny Stocks?
The best 5G penny stocks are GSAT, INS, ASX, VEON, and many others found in this list.
What is a 5G Penny Stock?
A 5G penny stock is the stock of a company in the telecom industry that trades for less than $5.00 per share.
What are the best 5G Penny Stocks Under $2.00?
The best 5G penny stocks under $2.00 are BRQS, VEON, GSAT, and others found in this guide.
Are 5G Penny Stocks a Good Investment?
Penny stocks have historically been very risky, volatile, and the companies behind them are unproven. While it is possible to make money from 5G penny stocks, there are several investment alternatives that have yielded higher returns in the past.