SuperCom Ltd. (NASDAQ: SPCB)
SuperCom Ltd. is a penny stock that has climbed by more than 12% in the past five days. This is a substantial amount and reflects the company as well as the communications industry. For some context, this company offers cyber security, digital identity, Internet of Things, and connectivity among other things. Its services are offered to governments and private or public organizations. Its MAGNA product is for ID registries, e-passports, biometric visas, and more. It also has AVIDITY WBSac and BOLSTER WBSac under its umbrella.
On October 7th, the company announced that it won a new $1 million project in the central coast of California. Its fully-owned subsidiary, Leaders in Community Alternatives got the project with a probation department in central coast California to offer rehabilitative services. The project is valued at $1 million over a 3-year term, about $340,000 per year. This project is expected to launch and start making revenue before the end of the year.
SPCB’s stock price has been climbing substantially in the past few weeks as a result of its business prospects. Noting this, will SPCB stock be on your penny stocks watchlist next month?
COMSovereign Holding Corp. (NASDAQ: COMS)
COMSovereign Holding Corp. is a communications company that offers tech-advanced telecom solutions. It is involved in the design, manufacturing, and sale of these products. Some of its products include microwave packet radio equipment, telecom radios, and batteries. Its intelligent batteries and backup power solutions are used in industrial, automotive, aerospace, and marine vessels.
On October 25th, the company announced that it delivered a 5G O-RAN system to the National Institute of Standards and Technology (NIST). Now, NIST engineers will work with COMSoverign to evaluate and demonstrate the coverages of 5G and MICT. The parties will use COMSoverign’s standalone 5G system components to run more tests. Right now, 5G is extremely popular, and investors are scrambling to find stocks that relate. As a result, it could be worth taking a closer look at COMS stock right now.
Considering this new information, will COMS be on your list of penny stocks to watch?
Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
Powerbridge Technologies Co. Ltd. is a tech penny stock that offers software apps and tech solutions. Its services are primarily offered in China and include the Trade Enterprise, Trade Compliance, Powerbridge System Solutions, and more. One attention-grabbing part of its business is the Powerbridge Blockchain-as-a-Service section. All of its products serve sales, government, logistics, and many other types of businesses. In 2021, we’ve seen the rise of blockchain, and its subsequent use cases globally. And, many companies continue to work to find new ways to utilize this groundbreaking technology.
On October 8th, the company announced that Powercrypto Holdings, a subsidiary of Powerbridge, is starting cryptocurrency mining. Specifically, the company will be mining for both Bitcoin and Ethereum. The company plans on deploying 2,600 high-performance mining rigs in Hong Kong, including 600 high-performance mining rigs.
While shares of PBTS stock are down today, they have climbed by over 39% in the past five days and are still down from its over $6.30 high back in February. With all of this in mind, does PBTS deserve a spot on your watchlist?
This article originally ran on pennystocks.com.