FlexShopper (NASDAQ:FPAY) Stock, Quote.Headers.trade-ideas

FlexShopper

FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.

penny stock tips 3

Long Ideas

News

Penny Stocks

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

FPAY

FlexShopper And 2 Other Stocks Under $3 Insiders Are Buying

Mobile Infrastructure Corporation Common Stock

BEEP

HYLN

STXS

Hyliion Holdings And 3 Other Penny Stocks Insiders Are Buying

penny stocks tips 1

PHIO

PRTS

Phio Pharmaceuticals And 2 Other Stocks Under $2 Insiders Are Buying

FlexShopper Inc

<p><strong>Trump Media &amp; Technology Group Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) stock has been in <a target="_blank" href="https://www.benzinga.com/news/24/09/40987695/whats-going-on-with-trump-media-technology-stock" rel="noreferrer noopener">recovery mode since</a> Tuesday after plunging on Monday, upon the expiration of a lockup period that prevented leading shareholders, including&nbsp;<strong>Donald Trump</strong>, from selling shares and his rejection of a second debate with Vice President&nbsp;<strong>Kamala Harris</strong>.</p>
<p>The Republican presidential nominee holds a 57% stake in the Truth Social parent worth nearly $1.5 billion, CNBC <a target="_blank" href="https://www.cnbc.com/2024/09/24/djt-trump-media-stock-selloff-lockup.html" rel="noreferrer noopener">reports</a> from Trump&#8217;s speech at Savannah on Tuesday.</p>
<p>Trump continues to woo voters with his pro-American policies, including a &#8220;manufacturing renaissance,&#8221; &#8220;substantial tariffs&#8221; on imported goods and proposed special manufacturing zones on federal land with ultra-low taxes and regulations for domestic producers, NRP <a target="_blank" href="https://www.npr.org/2024/09/24/g-s1-24359/trump-economy-speech-savannah-georgia-tariffs-steal-jobs" rel="noreferrer noopener">reports</a> from Savannah.</p>
<p>Trump promised to bring millions of jobs back to the U.S. from overseas and slash the corporate tax rate for domestic producers from 21% to 15%. He sees blanket&nbsp;tariffs&nbsp;of 10%-20% on all imports and tariffs of 60% or more on goods from China, according to Reuters reports from Savannah.</p>
<p>Trump assured support for the oil and gas industry by backing new pipelines, restoring fracking on federal land, and putting Alaska&#8217;s Arctic National Wildlife Refuge, where the Biden administration canceled oil and gas drilling leases. He promised to consider&nbsp;ending&nbsp;a $7,500 tax credit for electric vehicle purchases.&nbsp;</p>
<p>Trump proposed slapping 100% tariffs on every car across the U.S.-Mexico border while rewarding&nbsp;domestic manufacturers with R&amp;D tax credits.</p>
<p>Experts told Reuters that Trump&#8217;s tax cut plans would add $3.6 trillion to $6.6 trillion to federal deficits over a decade. Harris&#8217; spending and tax break plans could reduce the deficits by $0.4 trillion or increase them by up to $1.4 trillion over ten years.</p>
<p>Trump Media stock, which prices in Trump&#8217;s every move, plunged over 41% in the last 30 days.</p>
<p><strong>Price Action: </strong>DJT stock is up 5.55% at $13.50 premarket at the last check Wednesday.</p>
<p><em>Photo via Shutterstock</em></p>


Government

Regulations

Movers

Tech

Media

What's Going On With Trump Media & Technology Stock On Wednesday?

WIIM

Target Hospitality shares are trading lower after the company announced  that the Company's Board of Directors has determined to disband the Special Committee.

DASH

DoorDash shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight.

SFIX

Stitch Fix shares are trading lower after the company reported worse-than-expected Q4 EPS results.

Jacobs Was Selected By The New York Metropolitan Transportation Authority As The Program Management Consultant For The Long Island Rail Road Station Improvements Project

<p>Oppenheimer  analyst Edward Yang   initiates coverage on Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) with a Outperform rating and announces Price Target of $260.</p>


Price Target

Initiation

Analyst Ratings

ONTO

Oppenheimer Initiates Coverage On Onto Innovation with Outperform Rating, Announces Price Target of $260

<p>Oppenheimer  analyst Edward Yang   initiates coverage on Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Outperform rating and announces Price Target of $70.</p>


UCTT

Oppenheimer Initiates Coverage On Ultra Clean Hldgs with Outperform Rating, Announces Price Target of $70

<p><strong>Fortescue Metals</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>), a leading iron miner, has announced a $2.8 billion investment in fleet electrification. Despite falling iron ore prices and high energy prices that caused it to <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/07/39836855/fortescue-delays-green-hydrogen-ambitions-reaffirms-commitment-to-future-projects" rel="noreferrer noopener">pause green hydrogen projects</a> earlier this quarter, the company is firmly set on its green transition goals.</p>
<p>The multi-billion transaction will include purchasing 475 emission-free machines, including 360 autonomous battery-electric trucks, 55 electric excavators, and 60 new battery-electric dozers from Germany's <strong>Liebherr Group</strong>.</p>
<p>"You will watch the breath sucked out from CEOs' chests when they realize this is a $2.8 billion order; This is the future of the heavy industry. And it's zero emissions." Fortescue's chairman, <strong>Andrew Forrest,</strong> <a target="_blank" href="https://cdn.fortescue.com/docs/default-source/announcements-and-reports/fortescue-signs-green-equipment-partnership-with-liebherr-for-zero-emission-mining-solutions.pdf?sfvrsn=b9d61a71_5" rel="noreferrer noopener">stated</a>, following a Las Vegas mining expo.</p>
<p>Fortescue has set a bold target of reaching net-zero emissions by 2030, a goal that surpasses the ambitions of its peers, <strong>Rio Tinto</strong> and <strong>BHP</strong>.</p>
<p>While these competitors are also exploring electric haul trucks and other sustainable initiatives, Fortescue is pushing harder by focusing on eliminating fossil fuel use.</p>
<p>Unlike others who rely on carbon offsets, Forrest's strategy avoids what he calls "greenwashing," aiming for what he describes as "real zero."</p>
<p><strong>Now read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40983325/mining-industry-needs-5-4-trillion-in-investments-to-meet-2035-demand-mckinsey-says" rel="noreferrer noopener">Mining Industry Needs $5.4 Trillion In Investments To Meet 2035 Demand, McKinsey Says</a></strong></p>
<p>The company has already been testing electric equipment, such as the <strong>55 Liebherr R 9500 E</strong> electric excavators, in its <strong>Pilbara</strong> operations. Once the entire fleet is electrified, Fortescue expects to eliminate approximately 95 million liters of diesel annually.</p>
<p>An important component of Fortescue's electrification is powering its operations using renewable energy. The company currently sources power from a 60MW solar farm at Chichester Hub and plans to expand to 100% renewable power.</p>
<p>The electrification effort has already moved downstream, as the company also announced an agreement with the <strong>Downer Group</strong> to develop battery-electric trains, pursuing the elimination of emissions on routes from mines to ports.</p>
<p>"The time of others persuading you that greenwashing is a better return to shareholders and your community is over. Fortescue invites you to join us. We can together be the trailblazers who forge the world's move away from fossil fuels," Forrest noted.</p>
<p><strong>Read Next: <a target="_blank" href="https://www.benzinga.com/government/24/09/41015993/moodys-sounds-alarm-on-widening-deficits-diverging-credit-risks-what-trump-harris-cant-ignore" rel="noreferrer noopener">Moody's Sounds Alarm On Widening Deficits, Diverging Credit Risks: What Trump, Harris Can't Ignore</a></strong></p>
<p><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!</em></p>
<p><em>Photo by earth phakphum via Shutterstock</em></p>


Large Cap

Commodities

FSUMF

Fortescue Announces $2.8B Electrification Deal, Chairman Claims 'Future Is Zero Emissions'

<p>Oppenheimer  analyst Edward Yang   initiates coverage on KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Perform rating and announces Price Target of $750.</p>


KLAC

Oppenheimer Initiates Coverage On KLA with Perform Rating, Announces Price Target of $750

<p>William Blair  analyst Andrew Jeffrey   downgrades Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) from Outperform to Market Perform.</p>


Downgrades

William Blair Downgrades Global Payments to Market Perform

<p>Oppenheimer  analyst Edward Yang   initiates coverage on Ichor Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICHR#NASDAQ">ICHR</a>) with a Perform rating and announces Price Target of $35.</p>


ICHR

Oppenheimer Initiates Coverage On Ichor Hldgs with Perform Rating, Announces Price Target of $35

<p>Oppenheimer  analyst Edward Yang   initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Underperform rating and announces Price Target of $225.</p>


CDNS

Oppenheimer Initiates Coverage On Cadence Design Sys with Underperform Rating, Announces Price Target of $225

ACST

Acasti Pharma Announced That Patient Enrollment Has Been Completed In The Company's Phase 3 Strive-on Safety Trial (The STRIVE-ON trial–NCT05995405)

<p>On-chain data provider Arkham Intelligence flagged movements of early <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/topic/whales#:~:text=Whales%20are%20major%20players%20in,prices%20to%20buy%20the%20token.">whales, who remained</a> dormant for years.</p>
<p><strong>What Happened:</strong> The data firm shows a Bitcoin whale who had been inactive for almost a decade and holds bitcoin worth $77 million, mined in the initial two months of the network&#8217;s existence transferring 5 BTC to Kraken. The whale continues to <a href="https://x.com/ArkhamIntel/status/1838543209577730499">hold</a> 1,215 BTC in his address.</p>
<p>The Bitcoin was mined back in February and March 2009, just a month after Bitcoin's launch. After several movements between 2011-2014, Bitcoin was held dormant for nearly 10 years, during which its value surged from $474,000 to over $80 million.</p>
<p>This whale became active approximately three weeks ago and has so far moved 10 BTC to Kraken in three separate transactions. This activity comes shortly after another early Bitcoin whale, who mined his Bitcoin around the same time, woke up after 15 years of dormancy to move 250 BTC, worth $15.95 million. The Bitcoin was <a href="https://x.com/ArkhamIntel/status/1837186048935264710">moved</a> from five addresses that were active in January 2009, the first month of its existence.</p>
<p><figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure></p>
<p><strong>Also Read:</strong> <strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41012444/crypto-expert-tells-anthony-scaramucci-that-gold-and-bitcoin-are-safeguards-against-curren">Crypto Expert Tells Anthony Scaramucci That Gold And Bitcoin Are Safeguards Against Currency Debasement</a></strong></p>
<p><strong>Why It Matters: </strong>There is no explanation to the sudden movement among Bitcoin whale wallets, adding to the intrigue and speculation surrounding these early investors.</p>
<p>One reason for such movements could be the expected potential bullish momentum for Bitcoin. Trader Crypto Vikings predicts bullish momentum for the next few months, with a target of $90,000 before the end of 2024.</p>
<p>For the short term, the trader expects a revisit of major trendline support, which would be the $62,000 level. </p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Update<br /><br />I am bullish for next few months and believe we could reach 90k$ per bitcoin before end of this year.<br /><br />Short term, we could revisit major trendline support at worst case which would be the 62k$ level else we may directly go up from here too so position accordingly. <a href="https://t.co/cnfKd4NcjL">pic.twitter.com/cnfKd4NcjL</a></p>
<p>&mdash; Crypto Vikings (@CryptoVikings07) <a href="https://twitter.com/CryptoVikings07/status/1838850722408075471?ref_src=twsrc%5Etfw">September 25, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p><strong>What&#8217;s Next</strong>: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.</p>
<p><strong>Read Next:&nbsp;</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41005694/bitcoin-is-gold-with-a-leverage-says-expert-who-sees-us-government-in-big-trouble-over-deb">Bitcoin Is &#8216;Gold With A Leverage,&#8217; Says Expert Who Sees US Government In Big Trouble Over Debt Burden</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Long Dormant Bitcoin Whales Are Waking Up: What Is Going On?

IFRX

InflaRx Announced The E-poster Presentation Of A Post Hoc Analysis Of The Shine Phase 2b Study Of Its First-in-class Anti-c5a Antibody, Vilobelimab, In Hidradenitis Suppurativa At The 2024 European Academy Of Dermatology And Venereology Congress

23andMe Holding Co Released A New Report On The Genetics Of Emotional Eating For 23andMe+ Premium Members, Informing Them If They Are At A Higher Likelihood Of Frequent Emotional Eating

Contracts

The Brink's Company Announced A Long-term ATM Managed Services Agreement With Sainsbury's

<p>Loop Capital  analyst Mark Schappel   maintains Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) with a Buy and raises the price target from $285 to $310.</p>


MNDY

Loop Capital Maintains Buy on Monday.Com, Raises Price Target to $310

<p>TD Cowen  analyst Bryan Bergin   maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Buy and lowers the price target from $125 to $122.</p>


TD Cowen Maintains Buy on Global Payments, Lowers Price Target to $122

<p>As the<a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable"> housing market</a> becomes pricier and fewer people can afford to buy homes, an unexpected solution is spreading across the U.S. – built-to-rent communities. These developments, filled with single-family homes designed exclusively for renters, are becoming an appealing option for those who want a house but can't manage the steep cost of ownership right now.</p>
<p>Richard Belote, a Texas resident who rents a home 90 minutes outside Houston, feels renting is a temporary but necessary compromise. "It's a good steppingstone," he says, noting that sky-high interest rates have made buying impossible for now.</p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li><strong>A billion-dollar investment strategy with minimums as low as $10 —</strong><a href="https://www.benzinga.com/money/fundrise-flagship-fund"><strong> you can become part of the next big real estate boom today.</strong></a></li>
<li><strong>This Jeff Bezos-backed startup will allow you to</strong><a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"><strong> </strong><strong>become a landlord in just 10 minutes, and you only need $100</strong></a><strong>.</strong></li>
<li><strong>These five entrepreneurs are worth $223 billion –</strong><a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"><strong> </strong><strong>they all believe in one platform that offers a 7-9% target yield with monthly dividends</strong></a></li>
</ul>
<p>"Just really kind of crossing our fingers that those rates go down," he adds, hoping he and his fiancee can someday jump back into the homebuying market.</p>
<p>Belote is far from alone. A recent CNN poll revealed that 86% of renters nationwide say they simply can't afford to buy a home. Even more striking, 54% believe they might never own one. Still, despite the doom and gloom, a separate poll found that 81% of renters hope to own their own home someday.</p>
<p><strong>Trending: Commercial real estate has historically outperformed the stock market, and</strong><a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"><strong> </strong><strong>this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</strong></a></p>
<p>The desire for homeownership is still alive, but affordability is the elephant in the room. "House prices have increased by over 40% in just four years," explained CBS News business analyst Jill Schlesinger. "There are a lot of people out there who really, really want to be in homes, and they just can't afford to get there."</p>
<p>This growing problem has paved the way for built-to-rent communities, which first sprouted in Phoenix during the Great Recession. These developments feature smaller, cottage-sized homes designed with higher density. They're now popping up in cities across the Sunbelt, from Phoenix to Atlanta to Dallas, as more people seek alternatives to the traditional housing market.</p>
<p><strong><em>See Also: Amid the ongoing EV revolution, previously overlooked low-income communities</em></strong><a href="https://www.benzinga.com/money/dunamis-1"><strong><em> </em></strong><strong><em>now harbor a huge investment opportunity at just $500.</em></strong></a></p>
<p>Brent Long, who leads the build-to-rent expansion for Christopher Todd Communities in Arizona, explains that their tenants come from all walks of life, from Gen Z to Baby Boomers. "It's really renters by choice and renters by need," he says.</p>
<p>Long doesn't believe the concept detracts from the classic American dream of owning a <a href="https://www.benzinga.com/real-estate/24/09/40852916/the-best-week-to-buy-a-home-in-2024-is-almost-here-save-as-much-as-14-000">home</a>. "I think it solves some issues that are out there in terms of affordability and availability."</p>
<p><strong>Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." </strong><a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"><strong>These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</strong></a></p>
<p>One such renter is Cassie Wilson, who lives in Phoenix by choice. For her, the arrangement is perfect. "I can live here in a house that is fully kept up by someone else," she says. While she hopes to buy a house one day, she admits, "I still want to travel." Renting gives her the freedom to do both.</p>
<p>Though growing fast, built-to-rent communities only made up 7.9% of new housing construction last year, according to Arbor Realty Trust. Some housing advocates in Arizona have warned that while these communities help, they won't be enough to lower home prices significantly. Still, many welcome any solution that helps chip away at the ongoing housing crisis.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong>This billion-dollar fund has invested in the next big real estate boom,</strong><a href="https://www.benzinga.com/money/fundrise-flagship-fund"><strong> </strong><strong>here's how you can join for $10.</strong></a></li>
<li><strong>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends</strong><a href="https://www.benzinga.com/money/arrived-private-credit-fund"><strong> </strong><strong>would you invest in it</strong></a><strong>?</strong></li>
</ul>


Real Estate

A Surprising Housing Trend Is Sweeping the U.S. – Why Built-To-Rent Communities Are About To Redefine The Market

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>FlexShopper</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fpay-stock-quote/"><strong>FPAY</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>FlexShopper reported earnings per share of -6 cents. This was above the analyst estimate for EPS of -14 cents.</li><li>The company reported revenue of $33.94 million.</li><li>This was 14.33% better than the analyst estimate for revenue of $29.69 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/05/fpay-stock-earnings-flexshopper-for-q1-of-2024/">FPAY Stock Earnings: FlexShopper Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

FPAY Stock Earnings: FlexShopper Beats EPS, Beats Revenue for Q1 2024

H.C. Wainwright analyst Scott Buck maintained a Buy rating on FlexShopper (FPAY – Research Report) today and set a price target of $2.50. Scott Buc...

FlexShopper: Strong Q1 Performance and Positive Future Outlook Justify a Buy Rating

Michael Diana, an analyst from Maxim Group, reiterated the Buy rating on FlexShopper (FPAY – Research Report). The associated price target remains ...

FlexShopper: Strong Buy Rating on Robust Financials and Innovative Expansion Strategy

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Cheap <a href="https://investorplace.com/industries/technology/">tech stocks</a> with triple-digit upside? In 2024? It may sound like fantasy, but some very good deals are on the market. Of course, you won&rsquo;t be able to find high-quality businesses trading at bargain-basement prices like in mid-2022, but there are plenty of cheap tech stocks with 150%-plus upside if you are willing to hold over the next few years.</p>



<p>You&rsquo;ll have to take a bit more risk right now. The market rally has lasted longer than most people would have thought. This has caused most tech stocks to reach modestly overvalued levels or at least trade at fair prices. As such, we&rsquo;ll naturally have to dig a little deeper, but I think the upside potential outweighs the risks here. Let&rsquo;s dive in!</p>



<h2>AST SpaceMobile (ASTS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/asts1600-300x169.png" alt="Mobile global internet communications. World wide web on phone via wireless satellite network technology. Smartphone digital connection at clouds services of all earth. Holographic abstract interface. ASTS stock"><div>Source: Andrey Suslov / Shutterstock.com</div></div><p><strong>AST SpaceMobile</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/asts-stock-quote/"><strong>ASTS</strong></a>) is building the first global cellular broadband network in space to operate directly with unmodified mobile devices. While the company currently generates minimal revenue of just <a target="_blank" href="https://seekingalpha.com/article/4693685-ast-spacemobile-inc-asts-q1-2024-earnings-call-transcript">$500K in Q1</a> and remains deep in losses, I believe the long-term outlook remains exceptionally bullish.</p>



<p>Management reiterated the July/August timeline for delivering the first five Block 1 satellites, enabling nationwide non-continuous cellular service across the U.S. The recent definitive commercial agreement with <strong>AT&amp;T</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/t-stock-quote/"><strong>T</strong></a>) through 2030 validates the business model and should serve as a template for global expansion.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-23.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-23.png" alt="Cheap Tech Stocks: AST SpaceMobile revenue growth"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>With $210 million of cash on hand, ASTS has ample liquidity to reach profitability as revenue scales from an <a href="https://seekingalpha.com/symbol/ASTS/earnings/estimates" target="_blank">estimated $18.5 million this year to potentially $811 million by 2026</a>.</p>



<p>While these projections are undoubtedly lofty, capturing even a fraction of the $34.5 billion revenue estimate by 2032 could deliver stellar returns.</p>



<h2>BK Technologies (BKTI)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/05/worldtech.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/worldtech-300x169.png" alt=""></a><p><strong>BK Technologies</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/bkti-stock-quote/"><strong>BKTI</strong></a>) develops single and multiband radios for critical communications. I see major upside potential here as the company rides the same tailwinds, propelling <strong>Axon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/axon-stock-quote/"><strong>AXON</strong></a>) to new heights. As social unrest escalates, police and firefighting agencies are seeing budget increases, driving demand for BK&rsquo;s cutting-edge radio products.</p>



<p>While its $46 million market cap may seem modest, don&rsquo;t overlook the explosive growth. Analysts expect <a href="https://seekingalpha.com/symbol/BKTI/earnings/estimates" target="_blank">revenue to grow 8% this year</a> and 25% in 2025. Even more enticing, EPS is projected to skyrocket 250% next year. That means shares are trading at a mere four times 2025 estimated earnings.</p>



<p>In Q1, BK&rsquo;s <a href="https://finance.yahoo.com/news/bk-technologies-corporation-amex-bkti-150009192.html" target="_blank">gross margin expanded to 34.5%</a> from 26.1% a year ago, with further improvement expected as they target historical 35%+ levels. The BKR5000 radio saw robust demand, fueled by a 5,620-unit order from the USDA Forest Service. Boulder County&rsquo;s order for the BKR9000 model means it appeals to larger markets. I think this under-the-radar gem could deliver triple-digit gains.</p>



<h2>Couchbase (BASE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tech-stocks1600-1-300x169.png" alt=""><div>Source: sdecoret / Shutterstock.com</div></div><p><strong>Couchbase</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/base-stock-quote/"><strong>BASE</strong></a>) provides a modern database for enterprise applications. The company delivered strong <a target="_blank" href="https://www.msn.com/en-us/money/companies/couchbase-inc-nasdaq-base-q1-2025-earnings-call-transcript/ar-BB1nOeMt">Q1 2025 results, with revenue of $51.3 million</a>, growing 25% year-over-year and beating the high end of guidance by $2.4 million. I believe Couchbase is well-positioned to benefit from the explosive growth in data and AI adoption across large enterprises.</p>



<p>Despite these solid fundamentals, BASE stock has faced a steep 38% selloff from its March peak, primarily driven by a series of price target <a target="_blank" href="https://www.investing.com/news/company-news/rbc-cuts-couchbase-stock-target-maintains-positive-outlook-93CH-3473120">cuts by institutional investors like RBC Capital Markets</a>. However, this appears to be more of a sector-wide valuation compression impacting <a href="https://investorplace.com/industries/technology/software/">software stocks</a> broadly instead of any Couchbase-specific concerns.</p>



<p>The recent pullback presents an attractive entry point for long-term investors. GuruFocus&rsquo; DCF model sees a triple-digit upside if held for many years.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-24.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-24.png" alt="Couchbase GuruFocus DCF model price"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>Couchbase&rsquo;s modern database platform is tailor-made for data-intensive, AI-powered applications rapidly becoming the norm. With key metrics like ARR growing 21% and Capella now representing 29% of the customer base, I believe Couchbase&rsquo;s growth story remains firmly intact. The stock looks significantly undervalued at these levels. RBC cut price targets only by $4, from $35 to $31, and it cut price targets for <strong>Snowflake</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/snow-stock-quote/"><strong>SNOW</strong></a>) and cited the same reason: &ldquo;peer multiple compression.&rdquo;</p>



<h2>BM Technologies (BMTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/financial-chart-graphic-fintech-1600-300x169.jpg" alt="Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech"><div>Source: shutterstock.com/whiteMocca</div></div><p><strong>BM Technologies</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/bmtx-stock-quote/"><strong>BMTX</strong></a>) provides banking services to colleges and universities across the country. This fintech player is poised to ride the digital banking megatrend to new heights in the coming years. In Q1, BMTX&rsquo;s revenue surged 21% year over year to $16.2 million, while net income skyrocketed to $748,000 from a loss last year. The company&rsquo;s strategic shift to a new partner bank and variable rate deposits is paying off.</p>



<p>BMTX&rsquo;s unique customer acquisition model through long-term university contracts gives it a steady stream of young customers ripe for cross-selling. As it modernizes its tech stack, I expect BMTX to unlock significant new revenue streams and boost customer lifetime value.</p>



<p>BMTX&rsquo;s involvement in the challenged banking sector and the recent rally may give some investors pause. However, with <a href="https://seekingalpha.com/symbol/BMTX/earnings/estimates" target="_blank">analysts projecting profitability in 2025</a>, I believe the risk-reward is attractive for this small-cap with 150%+ upside potential. BMTX&rsquo;s solid Q1 growth and improving financials suggest it is on the right track to capitalize on the digital banking boom.</p>



<h2>Genius Sports (GENI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/genius-sports-300x169.jpg" alt="Genius sports logo. Genius Sports is a sports data and technology company that provides data management and integrity services."><div>Source: Karolis Kavolelis / Shutterstock.com</div></div><p><strong>Genius Sports</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/geni-stock-quote/"><strong>GENI</strong></a>) provides sports data and streaming services to leagues, sportsbooks, and media companies. This U.K.-based firm is well-positioned to capitalize on the explosive global growth in sports betting and the insatiable demand for live game data.</p>



<p>In Q1, Genius delivered an impressive <a target="_blank" href="https://www.morningstar.com/news/business-wire/20240508505446/genius-sports-reports-first-quarter-results-above-expectations-and-raises-2024-group-revenue-and-adj-ebitda-guidance">23% revenue growth to $120 million</a>, beating guidance by $3 million. Management raised full-year 2024 revenue guidance to $500 million. I expect Genius to sustain 15-20% annual sales growth for the foreseeable future.</p>



<p>The company&rsquo;s strategic focus on soccer should be a major tailwind, as it&rsquo;s the world&rsquo;s most popular sport with a massive betting handle. I wouldn&rsquo;t be surprised to see major contract wins ahead of the <a target="_blank" href="https://en.wikipedia.org/wiki/2026_FIFA_World_Cup">2026 World Cup</a>.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-25.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-25.png" alt="GENI EPS"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>Genius is targeting EBITDA margins of 16.4% this year, up 350 basis points, as its operating leverage improves. Analysts expect breakeven in 2026, but given the scalability of its data-driven model, profitability could come sooner.</p>



<h2>LiveRamp (RAMP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/live-ramp-stock-1600-300x169.jpg" alt="illustration the LiveRamp Holdings logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>LiveRamp</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ramp-stock-quote/"><strong>RAMP</strong></a>) provides data connectivity solutions for businesses. The company reported <a href="https://www.investing.com/news/stock-market-news/earnings-call-liveramp-outperforms-in-q4-focuses-on-cookieless-future-93CH-3454199" target="_blank">strong Q4 results</a>, with revenue and operating income exceeding expectations. Subscription revenue growth accelerated, and annual recurring revenue grew the fastest in over a year. LiveRamp is well-positioned to capitalize on the growing need for secure first-party data collaboration and addressable digital advertising amid third-party signal loss. I believe these megatrends could propel the stock significantly higher in the long run.</p>



<p>However, it&rsquo;s important to note that LiveRamp&rsquo;s stock has been quite volatile, with steep ups and downs over the past few years. It&rsquo;s currently down nearly 65% from its 2021 peak and almost 18% year-to-date. That said, I think the stock is entering oversold territory. While there are risks, I believe LiveRamp&rsquo;s strong market position and growth potential could deliver hefty gains for patient investors willing to ride out the near-term volatility.</p>



<h2>FlexShopper (FPAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div><p><strong>FlexShopper</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fpay-stock-quote/"><strong>FPAY</strong></a>) provides lease-to-own solutions for consumers to obtain durable goods. This small-cap stock, currently trading around $1, offers immense upside potential in the long run.</p>



<p>The company is riding powerful tailwinds from the rise of alternative financing options and increasing consumer demand for affordable access to essential products. As inflation erodes purchasing power, FlexShopper&rsquo;s business model of providing lease-to-own solutions is becoming more popular. Loan revenues have increased significantly and could compound even more.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-26.png"><img width="1226" height="741" src="https://investorplace.com/wp-content/uploads/2024/06/chart-26.png" alt="FlexShopper loan revenues"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>In Q1, FlexShopper delivered strong growth, with <a href="https://markets.businessinsider.com/news/stocks/flexshopper-inc-reports-2024-first-quarter-and-year-end-financial-results-1033372641" target="_blank">revenue growing 10% </a>year over year. Gross profit increased over 31%. Operating income reached $5 million from $4.2 million in the year-ago quarter.</p>



<p>While FPAY&rsquo;s tiny $25 million market cap makes it the riskiest stock on my list, I believe the long-term potential is substantial. The stock has a history of explosive triple-digit gains from the $1 level.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/7-cheap-tech-stocks-with-150-upside-to-buy-before-its-too-late/">7 Cheap Tech Stocks With 150% Upside to Buy Before It&#8217;s Too Late</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Cheap Tech Stocks With 150% Upside to Buy Before It's Too Late

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Many people scour through <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to &ldquo;find the next <strong>Google</strong>,&rdquo; and while doing that is exceedingly difficult&mdash;or even impossible&mdash;I still think it makes sense to keep an eye out for many up-and-coming companies that could deliver multibagger returns if the stars align for them. Who knows? Maybe these companies could even join the top 100 list!</p>



<p>Setting aside a small portion of your portfolio for these moonshot picks makes sense. If they keep gaining market share and their tailwinds get better, I think it is possible to realize outsized gains from some of these penny stocks.</p>



<p>Regardless, I would warn that this is highly speculative. These companies <em>could</em> make it to the top 100 list, but the chance of them not doing so is far greater. With that in mind, let&rsquo;s dive in and look at the penny stocks!</p>



<h2>Blade Air Mobility (BLDE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/blde-stock-1-300x169.jpg" alt="The Blade Air Mobility (BLDE) logo displayed on a smartphone screen."><div>Source: Wirestock Creators / Shutterstock.com</div></div><p><strong>Blade Air Mobility</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/blde-stock-quote/"><strong>BLDE</strong></a>) operates as a technology-powered air mobility platform. I believe this high-risk, high-reward penny stock could potentially join the ranks of America&rsquo;s top companies if it can successfully capitalize on the nascent flying car megatrend.</p>



<p>In Q1, Blade posted strong <a target="_blank" href="https://finance.yahoo.com/news/blade-air-mobility-inc-blde-124233218.html">13.8% revenue growth to $51.5 million</a>. Notably, its core medical transport business achieved record revenue and profitability, cementing Blade&rsquo;s position as the nation&rsquo;s largest dedicated air transporter of human organs.</p>



<p>However, the real moonshot potential lies in Blade&rsquo;s ambitious bet on flying cars and air taxis. While this remains highly experimental, a future where flying vehicles take to the skies en masse could revolutionize transportation and propel first movers like Blade to incredible heights. Analysts are quite bullish here.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-69.png"><img width="1226" height="455" src="https://investorplace.com/wp-content/uploads/2024/06/chart-69.png" alt="BLDE stock price targets"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>Of course, we are likely years away from viable flying car services. Blade will need to keep its medical segment humming to fund this speculative innovation. But with little domestic competition thus far, Blade seems well-positioned to ride the air mobility wave if the stars align.</p>



<h2>Creative Realities (CREX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/growthstocks1600-1-300x169.png" alt="Explore the stock market trends for 2024 with analytical visuals of businessman planning long term investments and future business growth, Navigate towards success with smart strategies. growth stocks with millionaire potential"><div>Source: Thapana_Studio / Shutterstock.com</div></div><p><strong>Creative Realities</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/crex-stock-quote/"><strong>CREX</strong></a>) provides digital signage solutions. I believe CREX is a penny stock that could become a big player in the rapidly growing digital signage industry. The company posted record Q1 <a target="_blank" href="https://www.msn.com/en-us/money/companies/creative-realities-inc-nasdaqcrex-q1-2024-earnings-call-transcript/ar-BB1mmPAa?apiversion=v2&amp;noservercache=1&amp;domshim=1&amp;renderwebcomponents=1&amp;wcseo=1&amp;batchservertelemetry=1&amp;noservertelemetry=1">revenue of $12.3 million, up a robust 23.5% year-over-year</a>. While the pandemic may have initially overinflated the digital signage space, the current hype around these stocks is more organic and supported by strengthening fundamentals.</p>



<p>As more companies embrace remote work, the demand for effective digital communication and collaboration tools is skyrocketing. CREX&rsquo;s impressive 45% YOY growth in high-margin service revenue reflects this megatrend. Moreover, annual recurring revenue hit a record $17.7 million.</p>



<p>I think it could generate billions in revenue if it keeps executing. Again, this is highly optimistic but still in the realm of possibility. This industry could be <a target="_blank" href="https://www.precedenceresearch.com/digital-signage-market">worth nearly $52 billion by 2033</a>.</p>



<h2>FlexShopper (FPAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div><p><strong>FlexShopper</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fpay-stock-quote/"><strong>FPAY</strong></a>) offers a lease-to-own platform for consumers to obtain durable goods. I believe this innovative business model is well-positioned to thrive in the current economic climate and beyond. With inflation squeezing budgets, many middle&mdash;and lower-income consumers are shying away from big-ticket purchases. FlexShopper&rsquo;s lease-to-own solution provides an attractive alternative, allowing customers to acquire needed items with manageable payments and the option for ownership.</p>



<p>In Q4, FlexShopper delivered <a target="_blank" href="https://www.investing.com/news/stock-market-news/earnings-call-flexshopper-reveals-robust-q4-growth-and-strategic-expansions-93CH-3362469">strong 42% YOY growth in net lease</a> and loan revenues, and gross profit skyrocketed over 300%. Notably, FlexShopper is strategically expanding its flexshopper.com business from a lease-focused lead generator into a multi-faceted retail platform. FlexShopper aims to significantly boost the conversion of site visitors into paying customers by offering additional payment options to suit various credit profiles. Management also plans to widen product selection and onboard more merchant partners. I find this business model very interesting.</p>



<h2>CareCloud (CCLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks. Healthcare Stocks to Buy"><div>Source: metamorworks / Shutterstock</div></div><p><strong>CareCloud</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ccld-stock-quote/"><strong>CCLD</strong></a>) provides healthcare organizations with technology-enabled solutions for medical billing and revenue cycle management. I believe this small-cap company is well-positioned to benefit from the accelerating trend of healthcare providers outsourcing these critical functions to streamline operations and boost profitability. CareCloud&rsquo;s niche automated software has significant room for growth as the healthcare industry continues to be among the fastest-expanding sectors.</p>



<p>However, the company&rsquo;s Q1 results were sluggish, with <a href="https://ir.carecloud.com/news-events/press-releases/detail/648/carecloud-reports-first-quarter-2024-results" target="_blank">revenue declining 13.5% YOY to $26 million</a>, slightly missing estimates. Management attributed this primarily to lower non-recurring revenue from its MedSR division. On a positive note, CareCloud&rsquo;s digital health offering saw revenue surge nearly 4x compared to the prior year, highlighting the potential for cross-selling its higher-margin tech-enabled RCM services to existing clients. We could also see some near-term upside due to improving EPS.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-70.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-70.png" alt="CCLD EPS estimates"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>While the company is laser-focused on profitability and cash flow generation, having already identified $22 million in annualized cost reductions, its near-term growth prospects remain muted. That said, in a best-case scenario, CareCloud&rsquo;s unique positioning in a rapidly growing industry could turn it into one of the biggest companies.</p>



<h2>BM Technologies (BMTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/digital-banking-1600-300x169.png" alt="hand using online banking and icon on tablet screen device in coffee shop"><div>Source: PopTika / Shutterstock</div></div><p><strong>BM Technologies</strong> (NYSEMKT:<a href="https://investorplace.com/stock-quotes/bmtx-stock-quote/"><strong>BMTX</strong></a>) provides digital banking services to colleges and universities. The company reported strong Q1 2024 results, with <a target="_blank" href="https://www.alphaspread.com/security/nyse-mkt/bmtx/earnings-calls/q1-2024">revenue up 21% YOY to $16.2 million</a> and positive core EBITDA of $1.4 million, a $3.2 million improvement. Net income of $748,000 was a $5.7 million increase from the prior year.</p>



<p>I believe BMTX could be poised for a major turnaround as interest rates stabilize and the banking sector recovers. Digital banking is a massive growth trend, and BMTX has a dominant position in the university market, serving 1 in 3 college students. This gives them a wide moat to expand into adjacent areas over time.</p>



<p>With five straight quarters of improving EBITDA, BMTX&rsquo;s foundation looks solid. If macro tailwinds cooperate, this under-the-radar fintech could be a hidden gem ready to capitalize on the digital banking megatrend in the coming years.</p>



<h2>SmartRent (SMRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600b-300x169.jpg" alt="software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity"><div>Source: Shutterstock</div></div><p><strong>SmartRent</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/smrt-stock-quote/"><strong>SMRT</strong></a>) provides smart home automation solutions for the rental housing industry. I believe this penny stock has the potential to capitalize on powerful megatrends and tailwinds in the residential real estate sector. While there is ongoing debate surrounding housing, demand for homes remains robust, driven by significant migration patterns and the proliferation of smaller family units.</p>



<p>Moreover, homes are increasingly viewed as investments, and as mortgage rates decline, many working individuals may find themselves holding mortgages on multiple properties to generate rental income. SmartRent&rsquo;s innovative platform, which integrates with leading property management systems, is well-positioned to benefit from these evergreen tailwinds.</p>



<p>In Q1, the company <a target="_blank" href="https://www.marketscreener.com/quote/stock/SMARTRENT-INC-126415152/news/Earnings-Flash-SMRT-SMARTRENT-Posts-Q1-Revenue-50-5M-vs-Street-Est-of-51-1M-46665623/">reported $50.5 million in revenue</a>, with SaaS recurring revenue growing 32% YOY to nearly $12 million. SmartRent also achieved positive adjusted EBITDA for the second consecutive quarter, beating guidance. Analysts <a target="_blank" href="https://seekingalpha.com/symbol/SMRT/earnings/estimates">expect 15-20% annual revenue growth</a> going forward, but rate cuts could boost that in the long run.</p>



<h2>WM Technology (MAPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cannabis-stocks1600-300x169.png" alt="Marijuana Cannabis Leaf Stock Market Symbol Company Business 3d Illustration. Cannabis stocks"><div>Source: iQoncept / Shutterstock.com</div></div><p><strong>WM Technology</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/maps-stock-quote/"><strong>MAPS</strong></a>) provides software infrastructure solutions for the cannabis industry. After a challenging 2023, I believe this beaten-down stock is poised for a major rebound as tailwinds start blowing in its favor again. In Q1, <a target="_blank" href="https://ir.weedmaps.com/news-releases/news-release-details/wm-technology-inc-reports-financial-results-first-quarter-2024">revenue dipped slightly to $44.4 million</a>, but net income surged to $2 million. Adjusted EBITDA also grew nicely to $9.6 million.</p>



<p>Most encouragingly, WM Technology&rsquo;s cash position increased significantly to $35.7 million. This strengthened balance sheet gives them ample dry powder to invest in growth as the cannabis industry rapidly expands. I expect that the momentum of accelerating legalization will act as a rising tide that lifts profitable companies in the sector. MAPS can definitely survive until then due to positive EBIT.</p>



<div><a href="https://investorplace.com/wp-content/uploads/2024/06/chart-71.png"><img width="1200" height="628" src="https://investorplace.com/wp-content/uploads/2024/06/chart-71.png" alt="WM Technology revenue EBIT"><br>Click to Enlarge</a><div>Source: Chart courtesy of <a href="https://GuruFocus.com">GuruFocus.com</a></div></div><p>As one of the best pure-play cannabis <a href="https://investorplace.com/industries/technology/">tech stocks</a>, I believe this dark horse is galloping toward a much brighter future and has the potential to become a sector heavyweight.</p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/">7 Penny Stocks That Could Join the Top 100 Companies List</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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