Consumer electronics, electronic components, software development, manufacturing, and distribution are all part of the technology industry. Information technology (IT) services, such as cloud computing, can be provided by tech companies. Even though the most famous corporations are Apple Inc. and Microsoft Inc., penny stocks exist in the computer industry.

Typically, the price of a penny stock is little more than $5 a share. Investing in penny stocks can be particularly dangerous, and there is a possibility that trading charges will be more expensive as a result. Because of this, investors should use caution when deciding whether or not to invest in these or other assets.

Looking into the Best Penny Stocks for Investing

OTC market penny stocks are the most affordable (over-the-counter). This entails taking a risk by purchasing outside of the regular exchanges. There are two exchanges where penny stocks can be traded: the New York Stock Exchange and the Nasdaq Capital Markets Exchange.

It's possible that people seeking the greatest penny stocks are also interested in the best inexpensive stocks currently available. For more information, check out our guide to the best low-cost stocks to invest in.

Best Value Technology Penny Stocks

Tech penny stocks with the lowest 12-month trailing P/S ratio (TTM) have been included in this list of the best. The worth of a company can be approximated by using this metric for startups or businesses that have been hit hard by a severe shock. Increased sales may eventually lead to increased profitability for a company, whether it is already profitable or returns to profitability. For each dollar of sales generated, the P/S ratio tells you how much you pay for the stock.

Exela Technologies Inc.

In the field of business process automation, Exela Technologies is a leader. It provides software and services for accounting, human resources management, legal management, and various additional services. In late March, the firm announced that Ronald C. Cogburn would be stepping down as CEO on April 30, 2022, and would be replaced by a new leader. There was no mention of a cause for Exela's departure or his new position. After that date, the company will be led and managed by Executive Chairman Par Chadha and the worldwide senior management team, according to the firm.

BIT Mining Ltd.

BIT Mining is a firm that mines cryptocurrencies like Bitcoin. Cryptocurrency mining and data center operations are two of its primary focus areas. Besides the blockchain browser, BTC.com, the corporation also owns the mining pool business, which is run under the name BTC.com itself. Cryptocurrency miners form a collective known as a "mining pool."

Tech Penny Stocks with the Fastest Increase in Value

In the most recent quarter, these tech penny stocks had the strongest yearly sales increase (YOY). Investors may be able to identify businesses on the rise but have not yet achieved financial success if sales increase. In addition, accounting variables can substantially impact earnings per share, which may not accurately represent the company's overall health.

The strength of a firm might be misconstrued by its sales growth, which can be dangerous if the company has no strategy to turn a profit.

Nano Dimension Ltd.

Nano Dimension is a 3-D printing firm established in Israel. It supplies electronics solutions for various industries, including consumer electronics, medical devices, automotive, and more. The company's board approved share repurchases of up to $100 million of directors in mid-May, and the plan will be implemented over a year.

Sunworks Inc.

Sunworks is a solar power system manufacturer. Many industries and sectors, including farm, residential, commercial, and government, benefit from its solar power and battery storage solutions. In mid-May, the corporation released financial figures for the first quarter of its fiscal year (FY), which concluded on March 31, 2022.

Sunworks reported a net loss of $8.2 million in the third quarter, up from $4.8 million in the same period last year. The year-over-year increase in revenue was 405.7 percent. Although commercial activity was down, there was still substantial demand for the firm's products, according to the corporation.

Highest-Yielding Technology Penny Stocks

We looked at several tech penny stocks, but these had the highest returns or the least decreases in the overall return. Outliers with returns of more than 2,500% have been omitted.

ServiceSource International Inc.

An international company called ServiceSource International provides cloud-based business process (BPaaS) services that help companies increase their B2B digital sales, client engagement, and retention. Concentrix Corp. has agreed to purchase the firm in an all-cash transaction disclosed in May. The investors of ServiceSource will get $1.50 per share for each share of ordinary stock they possess.

Powerbridge Technologies Co. Ltd.

Application software and technology solutions are the specialties of Powerbridge Technologies, a Chinese company. You may use it to solve problems in the bitcoin mining and SaaS systems used for e-commerce and supply chain management.