Verb Technology Company Inc (VERB)

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7 best penny stocks under $3.00

Penny stocks have the allure of huge returns. Hey, if the shares are trading at, say, 50 cents, it doesn’t take much to get to $1 or $2, right?

Well, not necessarily so. For the most part, it is usually challenging to make money in this corner of the market. First of all, a company will have a difficult time getting much coverage from Wall Street analysts and institutions.

Next, penny stocks usually have major problems with their businesses. In some cases, there may even be the likelihood of bankruptcy, which can wipe out the equity. And even if a company has enough financial resources to stay afloat, there could still be the issue of the market opportunity. It may be more of a niche, which limits the upside.

But, even with all these problems, there are still opportunities to make money with penny stocks.

Verb Technology operates a Cloud platform that helps customers leverage video, such as with sales enablement. Some of the applications are for webinars, onboardings and ecommerce.

The software is sold in more than 60 countries and is available in 48 languages. The customers range from small businesses to large enterprises.

With the Covid-19 pandemic, the corporate world has been scrambling to better use video. True, this has not necessarily helped VERB stock. But the company is still in the early stages. And there is certainly lots of growth potential.

Just look at the latest earnings report. The SaaS (Software-as-a-Service) revenues jumped by 55% on a year-over-year basis and 16% sequentially. In fact, Verb has been able to post six consecutive quarters of growth on the top line.

To help keep up the momentum, the company has been investing in integrations. One such integration is with Salesforce.com (NYSE:CRM), which includes a joint marketing campaign, and another one will launch soon with Microsoft’s (NASDAQ:MSFT) Outlook.