Worries about inflation trends, higher interest rates, and the market's rising valuations in the face of a challenging pandemic economy have recently pushed many investors away from high-priced tech stocks and into safer value stocks.

But rather than selling all their tech stocks in a blind panic, investors should calm down and take a closer look at the low-priced stocks in the expensive tech sector. Today, we'll review three high-quality technology businesses with deceptively low share prices. Here's why you should consider starting a position in Skillz (SKLZ -2.82%), TTM Technologies (TTMI -1.24%), or FireEye (MNDT) right now for less than $20 per share.

Six shiny pennies on a white surface

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1. Skillz: $13.73 per share

Skillz has monetized the idea of playing mobile games against other people, where the winners walk away with some extra cash in their pocket. Much like fellow gaming platform operator Roblox (RBLX -2.27%), Skillz doesn't develop the actual gaming experiences itself. These companies leave the game design to third-party companies or ordinary users, which creates a whole new level of user engagement. At the same time, Roblox and Skillz benefit from vibrant game portfolios with minimal development costs of their own.

As the manager and operator of a gaming platform with real-money winnings, Skillz focuses its business operations on ensuring a level playing field with cheat-detection algorithms, prize fulfillment processes, and customer support. The growth story has only just begun, with about half a million paying users on the Skillz platform in the first quarter. In that report, top-line sales nearly doubled year over year, and Skillz reported a gross profit margin of 95%.

The company is still unprofitable because every available penny is reinvested in growth-promoting activities such as platform development and an expensive marketing program. The company is expanding its user base as quickly as possible, setting the stage for robust profits a few years down the line.

The classic growth-stock strategy ensured that Skillz was tangled up in the spring's retreat from high-flying tech stocks. The stock is trading 37% below February's 52-week highs. For growth-minded investors, Skillz is the low-priced tech stock of choice right now.

2. TTM Technologies: $14.88 per share

TTM Technologies, a maker of printed circuit boards, is a different story. This isn't a high-powered growth stock but a rock-solid value play. TTM's shares can be bought for just 10 times forward earnings or 0.7 times trailing sales, and the analyst consensus points to average annual earnings growth of 20% over the next five years.

The company recently unloaded its volatile and barely profitable mobility business. The sale of four China-based mobility product factories bolstered TTM's balance sheet with a $550 million cash infusion. The deal lets TTM focus on more predictable client groups, and on higher-margin product lines such as automotive computing and data center equipment. The growing amount of electronics and computing hardware in modern cars makes that market particularly important.

"TTM is on a journey to transform our business to be less cyclical and more differentiated," CEO Tom Edman said in April's first-quarter earnings call. "We believe that over time, investors will be rewarded with more stable growth, strong cash flow performance, and improving margins."

That makes TTM a sensible and inexpensive option for investors who could use a rock-solid value investment today.

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Image source: Getty Images.

3. FireEye: $19.51 per share

Cybersecurity expert FireEye is a timely investment this week, given President Joe Biden's attention to data security issues. The ransomware attack that crippled gasoline distribution across the East Coast is a great example of the security threats that FireEye can prevent. In fact, the company is currently helping Colonial Pipeline recover from the attack and investigate its execution. Attacks like this one and the SolarWinds incident of 2020 should increase the demand for robust security services, and FireEye is an established leader in the field.

FireEye offers a balance between promising growth opportunities and reasonable valuation ratios. This stock is changing hands at just 4.8 times trailing sales, far below sector peers CrowdStrike and Palo Alto Networks. Look no further if you are interested in affordable data-security stocks with serious long-term growth potential.