Inpixon (INPX)

[Methinks]

Penny Stocks to Watch for August 2021

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Inpixon (INPX)
Inpixon (INPX) is a dirt-cheap penny stock that's trying with all its might to mount a turnaround … and I believe it just might be succeeding. Basically, Inpixon uses software to help make public spaces and facilities work, whether that be through making our children's schools safer, helping to enable Wi-Fi services in your local mall, or reducing crime.

The group's history is uninspiring to say the least, with a five-year revenue growth track record of -32.60%. You're wondering why Inpixon stock is trading at only $1.03 at the moment? That, plus negative net income of -$35.60 million, is precisely why.

But things have been looking a lot sunnier for Inpixon lately. The past two years have seen annual revenue grow at 68% and 48%, respectively. And the past two quarters have shown sales up 137% and 51%, respectively, before falling 23% in the most recent quarter, which may be somewhat forgivable given COVID-related pressures.

There are some other very promising financials here. Take the excellent P/B ratio of 0.70 and the P/C ratio of 1.21, as well as the surprisingly strong balance sheet with a quick ratio of 8.60 and low debt/equity ratio of 0.04. Meanwhile, earnings per share (EPS) this year are set to be 97.9%, with the gross margin at 71%.

Over the past two months, Inpixon has announced three major contract wins, with a "global social media company," a "multinational mass media and entertainment conglomerate," and an "international banking organization." These deals in particular suggest that Inpixon is gaining some really impressive momentum. Now—i.e., while the company is still trading at bargain-basement prices, and before these contract wins show up in Inpixon's earnings—may therefore be a good entry point for investors willing to assume some risk, in my view.