Last Updated on April 10, 2021 by Henry John
Tech stocks are historically a boom or a bust. An emerging tech company can quickly rise to the top and become a leader, and a leading tech company can easily and quickly fade out.
Investing in Tech Stocks is as risky as investing in stocks of other industries. But since emerging/promising tech companies can easily rise to the top, there is usually a higher chance of making mind-blowing returns on investment in comparison to many other industries.
There are cheap tech stocks that are under $5 and $10 in different tech sectors, ranging from biotechs to smartphones. Some of which are emerging and promising and others have been around for decades. These stocks could potentially be great stocks for a long or short position.
If you are looking for cheap tech stocks, here are 10 Tech Stocks under $5 and $10 to consider:
GoPro, Inc. develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally.
The company offers HERO7, a cloud-connected line of camera; Fusion, a waterproof spherical camera; GoPro Plus, a cloud-based storage solution that enables subscribers to access, edit, and share content; Quik, a mobile editing app, as well as desktop app for editing options for power users; GoPro App, a mobile app that allows users to preview and play back photos and videos, control GoPro cameras, and share content; and Karma Grip, a handheld or body-mountable camera stabilizer that capture zero-shake smooth video.
It also offers mounts and accessories comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable consumers to wear the mount on their bodies, such as wrist housings, chest harnesses, and head straps. GoPro, Inc. markets and sells its products through retailers and wholesale distributors, as well as through its Website.
The company was formerly known as Woodman Labs, Inc. and changed its name to GoPro, Inc. in February 2014. GoPro, Inc. was founded in 2004 and is headquartered in San Mateo, California.
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies.
It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT). It also offers fixed networking solutions, such as copper based solutions; fiber technology solutions, including gigabit passive optical networks, Ethernet point-to-point, and 10 gigabit next generation fiber technologies; and fiber access products, solutions, and services.
In addition, the company provides network infrastructure and implementation, care, and professional services comprising network planning and optimization, and systems integration services for mobile networks; and managed services for the fixed, mobile, applications, Internet protocol (IP), and optical domains.
Further, it offers network planning and optimization services to enhance the network performance and quality, and analytics-based services. Additionally, the company provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, policy and charging, as well as Cloud, IoT, security, and analytics platforms; and submarine networks and radio frequency systems.
It has a collaboration agreement with CommScope Holding Company, Inc.; and a strategic collaboration with Microsoft. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
3. Glu Mobile
Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices.
The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
The company also creates games based on third-party licensed brands, such as Kim Kardashian: Hollywood, MLB Tap Sports Baseball, and Restaurant Dash with Gordon Ramsay. It markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.
It was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was founded in 2001 and is headquartered in San Francisco, California.
4. Duos Technologies Group
Duos Technologies Group, Inc., through its subsidiary, Duos Technologies, Inc. designs, develops, and delivers artificial intelligence driven intelligent technologies systems in North America.
Its technology platforms used in its solutions include praesidium, an integrated suite of analytics applications; and centraco, an enterprise information management system. It offers intelligent technology solutions for critical infrastructure in various industries, including transportation, retail, law enforcement, oil and gas, and utilities sectors.
The company’s proprietary applications include Intelligent Rail Inspection Portal for the automated inspection of freight or transit railcars while in motion; Vehicle Undercarriage Examiner to inspect the undercarriage of railcars; Thermal Undercarriage Examiner; Multi-Layered Enterprise Command and Control Interface for information consolidation, systems management, and communications; Pantograph Inspection System to inspect pantographs for the detection of depletion of carbon liners; Tunnel and Bridge Security, a suite of intelligent technologies-based homeland security applications for the security of critical tunnels and bridges; Virtual Security Shield, a suite of intelligent technologies-based homeland security applications for the security of critical areas and buffer zones; and Facility Safety and Security, a suite of intelligent technologies-based homeland security applications for the hardening or safety and resilience of facilities against natural or man originated threats for the protection of critical facilities.
Its proprietary applications also comprise Remote Bridge Operation for remote control of draw bridges; Neural Network Modeling for detection algorithms; Automated Logistics Information Systems; and Transit Rail Platform Analytics, as well as provides IT asset management services for data centers; and maintenance and technical support services.
The company was founded in 1990 and is headquartered in Jacksonville, Florida.
5. Lexinfintech Holdings Ltd.
Lexinfintech Holdings Ltd. engages in the provision of online consumer finance platforms. Through its subsidiaries, it provides online direct sales with installment payment terms; installment purchase loans; and personal installment loans.
Its services are offered through its online consumer finance platform, www.fenqile.com; and mobile application.
The company was founded by Wen Jie Xiao and Qian Qiao on November 22, 2013, and is headquartered in Shenzhen, China.
6. 22nd Century Group
22nd Century Group, Inc., a plant biotechnology company, provides technology that allows increasing or decreasing the level of nicotine and other nicotinic alkaloids in tobacco plants, and cannabinoids in hemp/cannabis plants through genetic engineering and plant breeding.
It offers premium cigarettes under the RED SUN and MAGIC brands; and SPECTRUM research cigarettes for use in independent clinical studies. The company’s products under development include BRAND A, a very low nicotine content cigarette; X-22, a tobacco-based botanical medical product for use as an aid to smoking cessation; and BRAND B, a low-tar-to-nicotine ratio cigarette. It is also involved in contract manufacturing business for third-party branded tobacco products.
The company has a strategic research and development agreement with Keygene N.V. to develop hemp/cannabis plants for medical and therapeutic use, and other applications. 22nd Century Group, Inc. was founded in 1998 and is headquartered in Williamsville, New York.
7. Limelight Networks
Limelight Networks, Inc. provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives. It operates edge services platform that provides content delivery services, video content management services, performance services for Website and Web application acceleration and security, professional services, cloud storage, and edge computing services, as well as sells equipment. The company also offers professional services and other infrastructure services, such as transit and rack space services.
It serves media companies operating in the television, music, radio, newspaper, magazine, movie, gaming, software, and social media industries, as well as enterprises, technology companies, and government entities conducting business online.
Limelight Networks, Inc. was founded in 2001 and is headquartered in Scottsdale, Arizona.
Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide.
The company operates in six segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology, and Eastman Business Park.
It offers digital offset plate and computer-to-plate imaging, and electro photographic printing solutions; production press systems, consumables, and inkjet components and services; and a suite of software solutions for print production workflow, as well as business process outsourcing services, scan and capture solutions, records conversion services, workflow solutions, content management, and print and managed media services.
The company also consumer inkjet printers, and specialty inks and dispersions; industrial film and chemicals; and motion picture films, as well as licenses Kodak brand to third parties for a range of products, including batteries, digital and instant print cameras, camera accessories, printers, and LED lighting products. In addition, it offers intellectual property licensing solutions; and leases technology center and industrial complex. The company sells its products and services through third party resellers and distributors, as well as directly and indirectly to enterprise accounts and customers.
Eastman Kodak Company was founded in 1880 and is headquartered in Rochester, New York.
Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices.
It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air. The company was formerly known as DvineWave Inc. and changed its name to Energous Corporation in January 2014.
Energous Corporation was founded in 2012 and is headquartered in San Jose, California.
10. Sphere 3D
Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.
The company offers G-Series Appliance and G-Series Cloud applications; and Glassware Open Virtual Appliance and Open Virtual Format products. It also provides HVE converged and hyper-converged Infrastructure solutions, such as HVE-STACK high density server solution; HVE-VELOCITY high availability dual enclosure storage area network solution; and HVE 3DGFX, a virtualized desktop infrastructure solution.
In addition, the company offers SnapServer network attached storage solution, a platform for primary or nearline storage for integration with Windows, UNIX/Linux, and Macintosh environments. Sphere 3D Corp. markets its products under the Glassware 2.0, SnapCLOUD, SnapServer, V3, SnapSync, HVE ConneXions, and UCX ConneXions brand names. The company sells its products through its distributor and reseller network to small and medium businesses, and distributed enterprises.
Sphere 3D Corp. is based in Toronto, Canada.