Welcome back everyone, we recently took you on the Metaverse journey
and shared with you some top stocks to buy which were mostly large cap stocks.
So in this video we look at the other end of spectrum as I share with you four
top metaverse penny stocks which have massive potential for your watchlists and portfolios.
If you missed that video, you can check it out from the infor card above. Some of these
metaverse penny stocks are already seeing record top line growth, which is getting analysts really
excited as some have had their price targets upgraded. So you want to make sure you watch the
video to the end so you don’t miss out on what could be the future of disruptive technology.
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The first stop, Phunware Inc Inc (PHUN) with a share price sitting at $3.91
and market cap of $329m. PHUN is down 8.6% in the last 5 days
but this is following some very strong momentum run where it exploded hitting highs of $9 per
share. But whilst it has since giving up most of those gains, PHUN is still up 320% on the month
and sits comfortably in what seems like the beginning of its Metaverse journey.
Phunware, Inc. is the pioneer of Multiscreen-as-a-Service (MaaS), fully
integrated enterprise cloud platform for mobiles, that provides companies the products, solutions,
data and services necessary to engage, manage and monetize their mobile application portfolios
and audiences at scale. In fact they provide Everything You Need to Succeed on Mobile
by Transforming the Digital Human Experience. Phunware’s
Software Development Kits (SDKs) include location-based services, mobile engagement,
content management, messaging, advertising, loyalty (PhunCoin & PhunToken) and analytics.
Phunware Closed the Acquisition of High Performance Computer Provider Lyte Technology
and indicated that Revenue Guidance for the Fourth Quarter Fiscal 2021 was Expected to Exceed $5M.
And on reporting their Third Quarter 2021 Financial Results,
PHunware Recorded a 50% Increase in Quarter-over-Quarter Net Revenues.
Their CEO said they are extremely excited to post 50% sequential organic growth in
net revenues quarter-on-quarter, demonstrating that they are now reaping the benefits of their
direct and indirect go-to-market strategies for their MaaS enterprise cloud platform for mobile.
And in conjunction with the organic growth announced, the closing of Lyte also adds
immediate profitability, backlog and growth that will allow them to leverage a new, strategic
distribution network to consumers to further scale and accelerate their blockchain initiatives.
This past year has certainly been a pivotal and encouraging period for Phunware and
they are confident that as they head into 2022, they will be firing on all cylinders with a
dynamic organic and inorganic growth strategy that will have them poised for immense growth.
They also now operate numerous services across three primary sectors with ascending profit
margins: hardware, which should be a significant focus after the recent acquisition of Lyte;
software, where SaaS and MaaS business has been robust; and cryptocurrency, as Phunware
has developed and minted its proprietary PhunCoins and PhunTokens. So really exciting.
On to our next stop, which is Enthusiast Gaming Holdings Inc (EGLX) sitting at $4.76 per share
and a market cap of $485mn. EGLX is up 31% in the last 5 days having jumped by
over 26% on the back record revenues and gross profit. And in the last month it is up 10.4%.
Enthusiast Gaming is building the largest media platform for video gaming and esports
fans to connect and engage worldwide. Combining the elements of its four core pillars; Media,
Talent, Esports and Experiences, Enthusiast Gaming provides a unique opportunity
and integrated approach to reach and connect with its coveted GenZ and Millennial audience..
ENTHUSIAST GAMING REPORTed their THIRD QUARTER 2021 RESULTS
Highlighting revenues of $43.3 million, a 165% increase vs revenue of $16.3 million in Q3 2020.
Direct sales of $6.8 million, a 580% increase vs direct sales of $1.0 million in Q3 2020
and Gross profit of $10.1 million, a 146% increase vs gross profit of $4.1 million in Q3 2020.
Their CEO, Adrian Montgomery commented that ‘this had been an outstanding quarter
for Enthusiast Gaming across their key categories,. “Ongoing momentum in direct sales,
the acquisition of Addicting Games, and the renewal and addition of key partners continuds
to power revenue and gross profit numbers that demonstrate the strength of their strategy.
Their team’s ability to continue acquiring accretive properties, attract quality partners,
and deliver the best fan experience through their flywheel of content, creators,
and communities continued to deliver against and exceed expectation which is Very interesting.
On to our next stop, which is Super League Gaming, Inc. (SLGG)
which is now sitting at $3.88 per share with a market cap of $124m.
Super League is up 13.6% over the last 5 days and 22% on the month.
Super League is a leading gaming community and content platform that
gives everyday gamers multiple ways to connect and engage with others
while enjoying the video games they love. With gameplay and content offerings featuring more
than a dozen of the top video game titles in the world, Super League is building a broadly
inclusive, global brand at the intersection of gaming, experiences and entertainment.
The company acquired metaverse ad company Bloxbiz near the beginning of October. This company
focuses on offering ads in metaverse environments with its initial rollout being Roblox.
Super League Strategy to Empower Creators Delivered Impressive Audience Reach Inside
the Metaverse. They announced significant growth in their global reach to users within Roblox
and Minecraft. And only one month after the close of the company’s acquisition of Bloxbiz,
the dynamic advertising platform designed specifically for metaverse environments,
Super League is demonstrating an exciting new level of scale
for brands seeking engagement opportunities with such a crucial consumer audience.
In the full month of October 2021, within games developed by an enviable network of talented,
culturally relevant creators that were visited almost 85 million times,
Super League reached nearly 63 million monthly active users. The MAU (Monthly Active Users) level
represents approximately 30% of all Roblox users, according to estimates from RTrack.
Analysts are very bullish on Super League having Updated its Price Targets And Ratings.
Analysts watching the company’s growth closely have provided estimates for its revenue
growth with an average revenue estimate of $2.96 million. They suggested that the company could
generate revenue of as low as $2.57 million which could climb up to $3.3 million to hit a high.
The average estimate is representing an increase of 329.00% in sales growth from that posted by
the company in the same quarter of last year. In keeping with analyst consensus estimate,
the company is forecasted to be making an annual revenue of $8.74 million in 2021,
which will be 323.40% more from revenue generated by the company last year.
According to ratings assigned by 3 analysts at the scale of 1 to 5
with 1.00 representing a strong buy and 5.00 suggesting a strong sell;
1 of them are recommending Super League Gaming Inc. (SLGG) as a Hold, while 2 are in view
that stock is a Buy. When taken as whole, stock gets a rating of Overweight and that encourages
more investors to exploit the opportunity and build their stake up in the company.
The next stop, Meta Materials Inc (MMAT) currently sitting at $4.7 per share with a market cap of
$1.3bn. Meta is down 9.4% over the past month but it is up 26% over the last 6m having hit
highs of $19.84 prior to its reverse merger with Torchlight. But can it return to those highs?
META delivers previously unachievable performance,
across a range of applications, by inventing, designing, developing, and manufacturing
highly functional materials. Their extensive technology platform enables leading global
brands to deliver breakthrough products to their customers in consumer electronics,
5G communications, health and wellness, aerospace, automotive, and clean energy.
META's IP Portfolio Surpassed its 200 Patent Goal for 2021
with a Total of 247 Patents. META now has a total of 247 patents in 65 patent families.
These additions to their IP portfolio highlight META's strong commitment to innovation in the
field of high-performance functional materials and nanocomposites, and the importance of
protecting and maintaining the quality of their disruptive technological achievements.
So some very very interesting and mindblowing prospects ahead for these metaverse penny stocks
but only consider getting in if the price is right for you and if you fully understand
the risks. This video is not financial advice, a buy or a sell recommendation,
but is meant to bring some new and exciting penny stocks to your attention
for you to do your own research.. As always I would love to hear from you,
so please let me know your thoughts on these top penny stocks in the comments section below
and what other metaverse penny stocks are catching your eyes lately.
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