Trading penny stocks in 2021 can be tricky, but with the right approach and analytics it can be a lot easier than you could imagine. To understand how to trade penny stocks right now, investors must first have a thorough understanding of what's going on in the stock market.
Although Covid-19 had the biggest impact on the market over the past year and a half, there are many other factors at play right now. This includes inflation in the United States, gas shortages in some areas of the world, and now the return of meme stocks. So, considering there is so much going on in the stock market right now, there are also plenty of ways to take advantage of it. One of the best ways to do this is to have a concrete trading strategy.
Below you will find some information on some intriguing high-potential stocks, as well as some new ones that I looked at. May they bring you even more profits as you continue your investment journey.
Jiuzi Holdings Inc. is a penny stock that has been trending in recent days. If you are not familiar with Jiuzi Holdings, it is a company that sells electric vehicles and related parts in its retail stores. These Jiuzi retail stores are operated by the company and are franchised. As of July 15, 2021, the company had 31 franchise stores and one company-owned store. Recommended by: PennyStocks
Unlike BRFS, Sigma Labs, Inc. (SGLB) had a rough September, climbing to $ 4 mid-month but then dropping back down at full speed. This resulted in an overall 7.5% drop between when I listed stocks in this column and the last days of the month.
Basically, investors were slightly excited to land a contract. However, the excitement has waned and now Sigma Labs shares are stuck at levels around $ 3.15.
Despite my disappointment that his initial promotion was not longer lasting, I believe it is too early to resign from SGLB. The earnings per share (EPS) numbers are just too good to ignore (65% growth this year, 35% expected growth next year), and the balance sheet is rock solid. Recommended by: PennyStocks
Bridgeline Digital shares soared during the pre-trading session on September 22. While there was no apparent news to report, tech stocks overall gained some momentum early on. Bridgeline specializes in cloud-based marketing and provides software to its clients.
Earlier this month, the company announced that TikaPac, a marketing agency in the print industry, was able to reduce its prospecting time by using Bridgeline's WooRank SEO software. In fact, Tim Roberts, President of TikaPac, said: “The return on investment, if used correctly, is worth the continued investment in WooRank … In the same business day I can be more productive with existing data from clients and get the same prospecting results twice time." Recommended by: Entrepreneur
Since listing Entravision Communications Corporation (EVC) in the June 2021 issue of my "Penny Stocks to Watch" column, it has had a fantastic run of around $ 4.73 / share to a peak of 8.11 $ early September. (That's a theoretical gain of about 70% for readers.) Even at its current price of $ 7.11, shareholders are looking pretty smart right now.
In my opinion, the days of Entravision's penny stock are probably behind us, barring some catastrophic event. Its moving averages point to a "Strong Buy" signal and its Relative Strength Index (RSI) has returned to normal levels (ie no overbought). Recommended by: InvestoPedia
PaySign, Inc. is without a doubt one of the strangest stocks I've come across in my many years of reviewing these low-priced stocks. It is literally “blood money,” providing prepaid gift cards to US plasma donation centers, which then use them as incentives to attract potential donors.
Blood obtained from donation centers in the United States is often sold to pharmaceutical companies and then used in medical treatments for hemophilia and autoimmune diseases, as well as for chemotherapy. Two-thirds of the world's blood supply comes from the United States, and sales of blood plasma products amount to around $ 25 billion annually. Recommended by: InvestoPedia
Camber Energy Inc. is a penny stock that got everyone in mind last week. Over the past month, CEI shares have risen by around 460%, and over 100% of that has happened in the past five days. For those unfamiliar with it, this company focuses on the acquisition, development and sale of crude oil, natural gas and natural gas liquids. As of March 31, 2020, the company had estimated total proven reserves at 133,442 million barrels of oil equivalent. Recommended by: PennyStocks
One of the companies that has been on our list of penny stocks to watch for weeks is BEST Inc. While you might think that a Chinese stock like this would do the exact opposite, it has been going against the grain for a few weeks now. Initially, it was listed as one of the short-term high-interest stocks. At that time, the short float percentage was around 36%. Since then, BEST shares have managed to climb back to $ 1.77. More importantly, the move allowed it to test its 200-day moving average (a major moving average) for the first time in more than a year.
What drove the momentum? Future profits may have become a source of speculation for the company. This comes after a mixed quarter in the last quarter. However, management's optimistic outlook has provided information on the potential result of operations for the year. Specifically, CEO Johnny Chou explained: “Our global business has continued to grow, with package volume in Southeast Asia increasing 140.7% year-over-year … Considering the favorable regulatory environment for the sector and continued strong growth of e-commerce, we are optimistic that our strategic reorientation plan will position us to achieve better operating and financial results in the coming quarters. Recommended by: Entrepreneur
I introduced BRF S.A. (BRFS) to readers of this column in September, and ticker activity since then has been just plain ludicrous. We're talking about intense volatility here, as I predicted last month, but even I didn't expect such a big roller coaster.
The good news is that the bulls seem to have wrested control from the bears, at least for now. At the end of September, when I was writing this update, BRFS was ultimately up 8% from last month and 12.35% from last week, all thanks to the lack of news from the company itself. Recommended by: InvestoPedia
Another company that we have followed closely since its fall is Tuesday Morning. It was first attracted attention after insider trading sparked a penny boost in stocks. In total, its chief executive officer, chief operating officer, and chief marketing officer purchased more than 760,000 shares at average prices of $ 1.68 to $ 1.81.
TUEM shares fell after reporting low earnings. According to Tuesday Morning, its same-store sales in the first quarter of fiscal 2022 increased by one digit so far this year compared to the same period in fiscal 2020. The company also expects to report a loss of Adjusted EBITDA for the fiscal year. 2022.
However, in the wake of insider buying and new additions to its management team, the market appears to have turned bullish in recent weeks. However, there are some important questions to answer. First, will insider trading continue through October? Also, will the TUEM stock maintain those higher levels that have occurred in such a short time without suffering a pullback? Volume is likely something to watch closely if TUEM is on its penny stock list today. Recommended by: Entrepreneur
McEwen Mining Inc. is a mining stock that has been climbing over several recent trading sessions. This company is exploring in several mining properties located in North America and Argentina. The company mainly searches for gold, silver and copper deposits on its properties. McEwen is involved in the exploration, development, production and sale of these products. Some of its properties include the Gold Bar Mine, Black Fox Mine, and the El Gallo Project, among others. Recommended by: PennyStocks
Earlier this month, OpGen announced positive data from its clinical study using its Unyvero HPN panel. The data were presented at the European Respiratory Society (ERS) conference and showed that Unyvero reduced the use of inappropriate antibiotics by 45.1% in patients with suspected pneumonia. This was the latest step in a series of big developments OpGen has reported since May.
The company continues to develop solutions to help guide clinicians with more actionable information through the use of OpGen products. In addition to Unyvero, the company also offers various platforms for predicting possible antibiotic responses in patients with different health indications.
While this news has helped provide substantial momentum since May, recent domestic activity has also helped in the short term. This month, Chief Operating Officer Johannes Bacher and Chief Executive Officer Oliver Schacht each raised more than $ 15,000 in OPGN stock. With solid progress and optimism in management, it has become one of the penny stocks to watch for in the second half of the year so far. Recommended by: Entrepreneur
If you've invested wisely in well-researched stocks (or even if you've just met a real stroke of luck), you may have more money than you know what to do. This "winning lap" period, however, can be an extremely dangerous time for investors. Many forget all the hard-won wisdom they have learned and start investing money in any stocks with an exciting story.
Making money on the stock market today has become easier than ever. You don't need to register with a high cost broker or have a minimum amount of tens of thousands of dollars to open an account. It's as easy as downloading an app and transferring over a few hundred dollars. Not only that, but since most platforms offer perks like free shares just for signing up, you technically just need to open an account, claim your shares, and sell them for cash. The amount of cash depends on the stock you "win", but all the same, you can literally start trading for zero money out of your pocket. Robinhood and Webull are popular platforms for offering perks like these.
Now, when it comes to finding the best cheap penny stocks to buy, you're probably talking about stocks well below $ 5. Maybe you are looking for penny stocks under $ 1 or somewhere in between. However, before I jump head first, I cannot stress enough the importance of knowing how to buy penny stocks and navigate the market, in general. Learn the basics first and you are ready to start trading.
Instead of throwing caution to the wind, spend even more time on due diligence. Trust your instincts, but be careful, avoid greed, and watch these basics carefully, not the narrative that Investment Relations is selling.