There are some cheap stocks knocking around in the technology sector that could be worth watching. Here, we are going to look at three of them.
Cheap Stocks in Technology
The technology sector is always an exciting area to check out. There will always be young companies eager to create tech solutions for the market. The company revenue potentials are obvious in this sector, and who knows from when or where the next Apple (NASDAQ:AAPL) may emerge.
Cheap Stocks: Zix Corporation (NASDAQ:ZIXI)
At the time of writing, ZIXI is selling for $4.90. The stock has been on a steady decline since early September. But this could be an opportunity for investors.
Zix has seen sales rising 65% in five years, and has seen year-to-date gains of 28% in 2018. What’s exciting about this cheap stock is the company’s focus on secure messaging for big corporations and government bodies.
In the current era of data breaches and cybersecurity issues, protection is a desired asset. Zix could only be at the start of its climb.
Cheap Stocks: Arotech Corporation (NASDAQ:ARTX)
At only $3 a share, Arotech doesn’t only offer a cheap stock, it offers a cool stock! Taking advantage of the super-trendy and fun areas of virtual reality and drones, Arotech creates training simulations for the military and police force.
In the summer of 2018, company subsidiary FAAC won a contract worth approximately $29 million to update convoy simulators for the US Marine Corps.
This company is placing itself as a provider of surveillance and attack technologies at a good time. Drones are everywhere, and AI is gaining major traction. Hold onto these cheap stocks, and you may get some bang for your buck down the line.
Cheap Stocks: Plug Power Inc. (NASDAQ:PLUG)
Plug Power has been around since 1997 and has yet to be a successful stock. However, neither has the industry in which it has centered its business—alternative energy.
That is until now of course.
The surge in demand for alternative energy will be the turning factor for this company, and that’s why, at its current valuation of $1.84, PLUG stock could be a worthy investment.
Plug Power focuses on hydrogen fuel cell technology and provides fuel cell solutions to the material handling and stationary power sectors. With the growing need to save the planet and find climate-friendly fuels, Plug Power still has life in the battery yet.
So, there you have three cheap stocks that may prove to be in the right sectors at the right time! Happy stock hunting!
Remember, always do your own research before making any investments, and never invest anything you can’t afford to lose.
Featured Image: Depositphotos/© denisismagilov