Tech penny stocks are a bargain, if, that is, the company you back goes on to become the next Apple (NASDAQ:AAPL). That’s the holy grail scenario. While no one can predict tech’s next big players, we can at least look for hints of who might bring home the profits. That’s why RealNetworks Inc. (NASDAQ:RNWK) is on the radar today. 2019 is potentially going to be a very good year.
Tech Penny Stocks to Watch
The company behind RealPlayer, RealNetworks is currently selling for $3.30 USD on the NASDAQ. If you have never heard of RealPlayer, then the tech industry as a whole may be very new to you.
That’s because if you know tech at all, then you’ve most likely heard of RealPlayer as it’s built into many computers before they even leave the factory.
Restructuring
RealPlayer was the early days, but the company has come a long way since then. With a portfolio now including games, music, apps, and other programs, the company describes itself as “a provider of Internet streaming media delivery software and services” along with “subscription-based online entertainment services and mobile entertainment and messaging services.”
>> AMAG Stock Closes Down 17% After Failed Phase 3 Trial
It sounds like it has every inch of the popular tech sector covered, right? Well, it seems so, as the company has pulled in $78 million in revenue in 2018.
Further, the company has a market cap of $125 million USD, and in late 2018, according to The Balance, it had “$51 million in cash…and minimal debt.” That’s a solid ratio for investors to get on board with.
2019 Penny Stocks Surge
This penny stock has already begun surging since the beginning of 2019, climbing over 20% since the year kicked off.
But RNWK stock is in a position to climb even further as the company begins to truly reap the benefits of a corporate realignment “in two of their three main operating divisions.”
Analysts are predicting a solid year for the RNWK penny stock with a “return to growth in both revenues and profitability” on the cards.
Does that pique your interest?
Featured Image: Deposit Photos © pox.na.vse.mail.ru
