|Bid||0.0000 x 1000|
|Ask||0.0000 x 1000|
|Day's Range||1.1201 - 1.1800|
|52 Week Range||0.8200 - 2.5400|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
UTStarcom Holdings Corp. ( NASDAQ:UTSI ) shareholders should be happy to see the share price up 10% in the last month...
Just because a business does not make any money, does not mean that the stock will go down. For example, although...
List of 4 Top 5G Penny Stocks for Your Watch ListDespite the pandemic, civil unrest, and an assortment of issues and hurdles that have plagued us throughout the past year one thing is for certain, the race to 5G dominance has not slowed down. Many public companies of all sizes are entering this technology-driven telecommunications race with potentially the most reward being found in penny stocks.What is 5G & Which Penny Stocks Should You Focus on Now? 5G or "fifth generation" technology is a telecommunications standard for broadband cellular networks. This is the logical successor to the previous standard 4G or "fourth generation. All devices on a 5G network are connected to the internet and phone networks by radio waves via an antenna system. 5G includes higher rates of speed, increased bandwidth, and generally wider accessibility benefiting higher traffic areas. While there have been concerns over the physical impact of 5G by some groups, the market is focusing more on the positives of this new tech, which has begun rolling out on a larger scale.When it comes to 5G stocks, you have your clear stock market juggernauts like Verizon (NYSE: VZ), Qualcomm (NASDAQ: QCOM), and even American Tower Corp. (NYSE: AMT). But what about penny stocks & for reference, we're talking about listed penny stocks and not OTC penny stocks.High volatility trading and the potential of "getting in early" are two of the main attractions of penny stocks or as its defined by the Securities and Exchange Commission (SEC) stocks that trade for under $5 per share. While there is plenty of risk in choosing lower-priced stocks, the potential rewards may be much greater compared to stocks that higher-priced with a larger market cap.Here is a list of 5G Penny Stocks that are Trending, Right Now5G Penny Stocks to Watch 1. Globalstar Inc. (NYSEAMERICAN:GSAT) 2. UTStarcom Holdings (NASDAQ: UTSI) 3. Borqs Technologies Inc. (NASDAQ: BRQS) 4. Veon Ltd. (NASDAQ: VEON)Globalstar Inc. (NYSE: GSAT)Last week Globalstar (NYSE: GSAT) was the center of attention for those looking for 5G penny stocks. The company and business partner Nokia (NYSE: NOK) entered into an agreement with Tideworks Technology to deploy Globalstar's Band 53 spectrum at the Port of Seattle, Terminal 5. This was the second collaboration between Globalstar and Nokia at a U.S. port.While most of 2020 was relatively quiet aside from a few select days last summer, recent weeks have seen a much more consistent uptick in Globalstar's stock, then we see the obvious jump last week. In addition to the latest deal with Nokia, Globalstar has gained more attention following November's (2020) financial results and business update. Aside from its clear focus on 5G, the stock market should also note the company's reach in other areas of technology and telecommunications services. Dave Kagan, Chief Executive Officer of Globalstar, explained several notable initiatives that the company has in place."Our relationship with Fiat Chrysler and the Jeep brand continues to expand on multiple fronts, with the launch of our Spot Gen 4 Jeep edition, the addition of South America as a licensed territory, and promotional opportunities with other Jeep brand partners. The connected car market is a large and growing opportunity for the Company, and we are looking to add additional partners beyond FCA and Jeep," Kagan said in Globalstar's Q3 business update.UTStarcom Holdings (NASDAQ: UTSI)Another one of the 5G penny stocks to watch is UTStarcom (NASDAQ: UTSI). On January 11, UTStarcom announced the expansion of a cooperation with a mobile operator in Europe. The company will supply an advanced networking platform in support of the operator's 5G deployment requirements.UTStarcom also released its NetRing® TN704E metro access platform. This is the newest piece of the company's SDN-enabled packet optical transport network product portfolio. This platform will be one of the main components of the mobile backhaul network expansion project with this mobile operator, in Europe.Over the last few months, UTStarcom has been reaching new 5G milestones, which has contributed to the stock's huge 80% rise in price per share since November of 2020. The company's progress in the development of its 5G optimized disaggregated router platform in addition to new agreements with major mobile network operators have added to UTStarcom's positive market momentum.Borqs Technologies Inc. (NASDAQ: BRQS)Recently we discussed Borqs Technologies Inc. (NASDAQ: BRQS) among other tech penny stocks to watch. This came as the (NASDAQ: BRQS)'s stock price saw its first meaningful move in over a month. Shares jumped from $1.07 to highs of $1.34 during Friday's (January 8) trading session. The move came as Borqs seemingly benefited from a broader move in the overall tech sector. One of the things that have helped boost interest in the company in addition to the overall excitement for 5G penny stocks is what was announced in December of 2020.The company signed an official agreement for a 5G industrial park project in China. Borqs reported that it signed with the Board Committee of Huzhou South Taihu New Area for the project. A joint venture will be set up in the area that will serve as Borqs' China headquarters for 5G projects. This would add to the company's growing list of infrastructure projects signed in the 3rd quarter. Borqs and SkyCentrics previously announced plans for a joint venture for manufacturing and delivering CTA-2045 technology-based products. These are for utility-scale automated smart controls.Veon Ltd. (NASDAQ: VEON)One of the 5G penny stocks that have also jumped in share price during November (2020) and December (2020) is Veon Ltd. (NASDAQ: VEON). Shares have rose from $1.23 at the start of November (2020) to highs last week on January 7 of $1.75. This 40%+ move was also accompanied by several key updates, many included raising large amounts of capital for investments into its subsidiaries.Veon provides more than 210 million customers with voice, fixed broadband, data, and digital services. Its operations span 10 countries including Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, Armenia, and Georgia. One of the larger developments over the last few months included details on Veon's Russian unit, VimpelCom. It withdrew its wireless networks from Huawei and Nokia management to handle communications quality itself. Prior to this, the company had outsourced its management and network development to these two companies in 2017.Neither the author of this post nor Pennystocks.com have a position or financial relationship with any of the stocks mentioned above.See more from Benzinga * Click here for options trades from Benzinga * Mid-Afternoon Market Update: Dow Falls 100 Points; GeoVax Labs Shares Spike Higher * Gold Flora Teams Up With Stately Brands To Boost California Operation(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.