Uk Penny Stock With Upside

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Uk Penny Stock With Upside

This UK Penny Stock Could Gain 60%

Made Tech (MTEC) is a penny stock in the UK market. It is not famous and only has a market cap of 59 million. However, analysts think Made Tech stock can gain 60% in the coming years.

Back in March 2024, Made Tech stock was trading at 8p. Since then, it has gained more than 300%. However, more upside is ahead as things are now looking very good for the company.

Made Tech Provides Services To UK Public Sector

What is Made Tech? It is a tech service provider for the UK public sector. It allows local councils, the NHS, central government, and other sectors to modernize their computer systems. The company also allows these sectors to make better decisions with the help of AI.

There's no doubt that Made Tech has a strong footprint in the UK public sector. Also, a lot of the departments in the UK need real help in modernizing their computer systems. So, that's a key reason behind the strong growth of Made Tech.

Another piece of good news for Made Tech is that it is now profitable. The adjusted EBITDA from last year showed an increase of 69% and touched 5.9 million. According to forecasts, the company's net profit could be around 3.5 million.

It is also worth noting that the growth of Made Tech is organic and the balance sheet is also strong, with no debt. Amidst all of this, the world is going through an AI transformation, and Made Tech stands to benefit from this.

However, one risk involved with investing in Made Tech is its overreliance on the public sector. The company needs to work on winning some contracts from the private sector as well.

But even with that downside, the prospects for Made Tech stock look very good. Also, the demand from the public sector will stay in place for many years to come.

So, if you are okay with investing in a penny stock, then Made Tech stock is totally worth considering. The analysts think it can gain another 60% upside in the near future.

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