7 Penny Stocks That Could Join the Top 100 Companies List

InvestorPlace06-19

Blade Air Mobility (BLDE): Pioneering the flying car and air mobility revolution could propel this startup much higher. Creative Realities (CREX): Its digital signage solutions are perfectly ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Penny Stocks That Could Join the Top 100 Companies List\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-19 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blade Air Mobility (BLDE): Pioneering the flying car and air mobility revolution could propel this startup much higher.\nCreative Realities (CREX): Its digital signage solutions are perfectly ...</p>\n\n<a href=\"https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QLD","symbol_name":"纳指两倍做多ETF","start_time":0,"source_url":"https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/","article_id":"2444421859","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444421859","pubTimestamp":1718791200,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Blade Air Mobility : Pioneering the flying car and air mobility revolution could propel this startup much higher.Creative Realities : Its digital signage solutions are perfectly positioned to capitalize on the remote work megatrend.FlexShopper : An innovative lease-to-own platform well-suited for today’s budget-conscious consumers.Continue reading for the complete list of the penny stocks that could hit the big leagues!Maybe these companies could even join the top 100 list!Regardless, I would warn that this is highly speculative. These companies could make it to the top 100 list, but the chance of them not doing so is far greater. With that in mind, let’s dive in and look at the penny stocks!Click to EnlargeSource: Chart courtesy of GuruFocus.comOf 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","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","SQQQ":"纳指三倍做空ETF","CCLD":"CareCloud","SMRT":"SmartRent Inc.","BK4106":"数据处理与外包服务","BK4023":"应用软件","BK4564":"太空概念","CREX":"Creative Realities, Inc.","BK4008":"航空公司","BLDE":"Blade Air Mobility In.","BK4157":"电子设备和仪器","BK4227":"交易和支付处理服务","PSQ":"纳指反向ETF","QID":"纳指两倍做空ETF","FPAY":"FlexShopper Inc","BK4009":"广告","BK4164":"特殊金融服务","BMTX":"BM Technologies Inc.","BK4167":"医疗保健技术",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF","MAPS":"WM Technology, Inc."},"translate_title":"7只可能进入100强公司名单的细价股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMRT":1,"MAPS":1,"BLDE":1,"BMTX":1,"CCLD":1,"CREX":1,"FPAY":1,".IXIC":0.87,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Blade Air Mobility (BLDE): Pioneering the flying car and air mobility revolution could propel this startup much higher.\nCreative Realities (CREX): Its digital signage solutions are perfectly positioned to capitalize on the remote work megatrend.\nFlexShopper (FPAY): An innovative lease-to-own platform well-suited for today’s budget-conscious consumers.\nContinue reading for the complete list of the penny stocks that could hit the big leagues!\n \n\n\n\n \n\nSource: Shutterstock\n\n\n\nMany people scour through penny stocks to “find the next Google,” and while doing that is exceedingly difficult—or even impossible—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!\nSetting 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.\nRegardless, I would warn that this is highly speculative. These companies could make it to the top 100 list, but the chance of them not doing so is far greater. With that in mind, let’s dive in and look at the penny stocks!\nBlade Air Mobility (BLDE)\nSource: Wirestock Creators / Shutterstock.comBlade Air Mobility (NASDAQ:BLDE) operates as a technology-powered air mobility platform. I believe this high-risk, high-reward penny stock could potentially join the ranks of America’s top companies if it can successfully capitalize on the nascent flying car megatrend.\nIn Q1, Blade posted strong 13.8% revenue growth to $51.5 million. Notably, its core medical transport business achieved record revenue and profitability, cementing Blade’s position as the nation’s largest dedicated air transporter of human organs.\nHowever, the real moonshot potential lies in Blade’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.\nClick to EnlargeSource: Chart courtesy of GuruFocus.comOf 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.\nCreative Realities (CREX)\nSource: Thapana_Studio / Shutterstock.comCreative Realities (NASDAQ:CREX) 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 revenue of $12.3 million, up a robust 23.5% year-over-year. 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.\nAs more companies embrace remote work, the demand for effective digital communication and collaboration tools is skyrocketing. CREX’s impressive 45% YOY growth in high-margin service revenue reflects this megatrend. Moreover, annual recurring revenue hit a record $17.7 million.\nI 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 worth nearly $52 billion by 2033.\nFlexShopper (FPAY)\nSource: shutterstock.com/ZinetroNFlexShopper (NASDAQ:FPAY) 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—and lower-income consumers are shying away from big-ticket purchases. FlexShopper’s lease-to-own solution provides an attractive alternative, allowing customers to acquire needed items with manageable payments and the option for ownership.\nIn Q4, FlexShopper delivered strong 42% YOY growth in net lease 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.\nCareCloud (CCLD)\nSource: metamorworks / ShutterstockCareCloud (NASDAQ:CCLD) 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’s niche automated software has significant room for growth as the healthcare industry continues to be among the fastest-expanding sectors.\nHowever, the company’s Q1 results were sluggish, with revenue declining 13.5% YOY to $26 million, slightly missing estimates. Management attributed this primarily to lower non-recurring revenue from its MedSR division. On a positive note, CareCloud’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.\nClick to EnlargeSource: Chart courtesy of GuruFocus.comWhile 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’s unique positioning in a rapidly growing industry could turn it into one of the biggest companies.\nBM Technologies (BMTX)\nSource: PopTika / ShutterstockBM Technologies (NYSEMKT:BMTX) provides digital banking services to colleges and universities. The company reported strong Q1 2024 results, with revenue up 21% YOY to $16.2 million 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.\nI 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.\nWith five straight quarters of improving EBITDA, BMTX’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.\nSmartRent (SMRT)\nSource: ShutterstockSmartRent (NYSE:SMRT) 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.\nMoreover, 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’s innovative platform, which integrates with leading property management systems, is well-positioned to benefit from these evergreen tailwinds.\nIn Q1, the company reported $50.5 million in revenue, 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 expect 15-20% annual revenue growth going forward, but rate cuts could boost that in the long run.\nWM Technology (MAPS)\nSource: iQoncept / Shutterstock.comWM Technology (NASDAQ:MAPS) 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, revenue dipped slightly to $44.4 million, but net income surged to $2 million. Adjusted EBITDA also grew nicely to $9.6 million.\nMost encouragingly, WM Technology’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.\nClick to EnlargeSource: Chart courtesy of GuruFocus.comAs one of the best pure-play cannabis tech stocks, I believe this dark horse is galloping toward a much brighter future and has the potential to become a sector heavyweight.\nOn 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 Publishing Guidelines.\nOmor 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 LinkedIn.Penny Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/7-penny-stocks-that-could-join-the-top-100-companies-list/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444421859"}