Today we’re looking at two penny stocks that could pique investor interest. Blink Charging (NASDAQ:BLNK) and Glu Mobile (NASDAQ:GLUU) are both in burgeoning markets, but are they worth taking a closer look at?
Penny stocks represent an opportunity for potential speculators to get into the market without fear of possibly losing everything due to their low share value. They’re also the best chance for investors to make huge gains off a small input—if you’re lucky that is. However, sudden changes happen all the time with penny stocks, but if you’re an investor with a good appetite for risk, then they could be just the play for you.
If you are a lover of penny stocks, then here are two on the radar worth a look.
Blink Charging
Blink Charging is a Florida-based global leader in electric vehicle charging services, with over 15,000 charging stations across its US network alone. Given that EVs are becoming the new norm in the automotive industry, it’s hard to imagine that an international leader in powering these vehicles is a penny stock, but here it is. You can pick up BLNK shares for as little as $2.41 today, and as the company expands internationally, having recently deployed stations in Greece, Israel, and Chile, this penny stock could have a very big future.
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Glu Mobile
Glu Mobile is a mobile games developer that has one thing no other penny stock can boast—Kim Kardashian as an ambassador. The game, which features Kardashian, is naturally its most profitable title, but it’s this female-orientated angle that sets Glu apart as it’s an area of gaming that developers don’t particularly capitalize on, which is surprising given that 46% of gamers in 2019 are female.
Glu stock only dropped into penny stock territory in August, despite beating analysts’ expectations in its quarterly report. Since then, it has been steadily recovering and is closing in on the $5 ceiling, so as a penny stock investor, you should probably get in while it’s still cheap.
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