New penny stocks

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How do you find the best penny stocks to buy right now? You might try to find the next big meme trend or social media breakout stock. However, another strategy is finding stocks that analysts are bullish on right now. In this article, we’ll do exactly that. One of the helpful things about Wall Street analysts is that they do some of the homework for you. While their opinion isn’t the end-all (nor should it be), they tend to look into more than just what’s on the surface or what type of speculation is in play.

The Stock Market Today

Closing out the week, the stock market could continue its volatility trend. The nonfarm payrolls data came out before the open. Economists couldn’t have been more wrong. Wall Street estimated that some 500,000 jobs would be added in August. However, fewer than 200,000 jobs were added, as the numbers have revealed. This is yet another huge miss in estimates, and as a result, traders are hoping this could change the trajectory of the Federal Reserve’s stance on tapering next month.

Read more:Penny Stocks To Watch Under $1 With Bitcoin Prices Up 20%+ In October

While some traders wait for the market to work itself out and show if this is the relief expected, other traders are focusing on a “stock picking” approach right now. Here are what some analysts think right now about five companies. Will they be the best penny stocks to buy, or should you avoid them entirely?

Penny Stocks To Buy [according to analysts]

Penny Stocks To Buy [according to HC Wainwright]: American Resources Corporation (NASDAQ:AREC)

The first company on this list of penny stocks has HC Wainwright analysts bullish. American Resources Corporation is a supplier of raw materials mainly used by infrastructure projects. The company focuses on processing carbon (coal) essential for steelmaking and rare earth minerals directed to the budding EV market. Thanks to interest growing that has stemmed from both the reopening trade and a surge in electrification industries like EV, AREC stock has gained interest.

Recent AREC Stock News

This week has been a busy one for American Resources. Updates include progress on its battery recycling initiative with Purdue University achieving 99.5% purity of lithium, cobalt, and nickel. In addition, the company acquired additional mineral reserves for its Deep Mine at the Perry County Resources complex. These reserves include an estimated 10.1 million tons of mineral resources.

Read more:Why Investors Are Watching These Penny Stocks Right Now

Then closing out the week, the company reported its expansion of carbon production thanks to a restart of its McCoy Elkhorn Complex. According to American Resources, this could be a well-timed event thanks to an expected boost in steel production. It expects to produce over 40,000 tons of carbon per month from its Carnegie complex, processed at its nearby McCoy Elkhorn facility, and shipped into domestic and international markets.

AREC Stock Forecast

Clearly, American Resources has become a part of the budding reopening trade. Thanks to global economies piping money into infrastructure redevelopment and new projects, raw materials are at the core of the supply chain. In light of this, would it surprise you that analysts are bullish? Right now, HC Wainwright’s Heiko Ihle has a Buy on AREC stock with a price target 80% higher than opening trading levels on Friday.

best penny stocks to buy analysts American Resources Corporation AREC stock chart

Penny Stocks To Buy [according to Sanford Bernstein]: Kosmos Energy (NYSE:KOS)

Energy and raw materials are a big part of the reopening trade, as you’ll come to see. Kosmos Energy falls right into the fold. The company is a deepwater oil and gas exploration and production company. Its assets are offshore in Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico.

Recent KOS Stock News

Other than earnings released in August, there haven’t been many new updates from the company. For the most part, KOS stock has moved with the overall oil and gas market direction. When it comes to Kosmos Energy’s last earnings update, it experienced increased revenues and a more narrow adjusted loss.

KOS Stock Forecast

Similar to American Resources, analysts may be bullish on Kosmos thanks to the reopening trade. Higher energy demand has put somewhat of a strain on the portion of the raw material of the supply chain. With that has come higher inflation and, thus, higher prices. In light of this, it might make more sense that analysts at firms like Sanford Berstein have given a stamp of approval with an Outperform rating. The firm also has a $7.80 price target, roughly 140% higher than opening levels on October 8.

best penny stocks to buy analysts Kosmos Energy KOS stock chart

Penny Stocks To Buy [according to Alliance Global]: ReShape Lifesciences (NASDAQ:RSLS)

Reshape designs medical devices for weight loss and metabolic health. Its FDA-approved Lap-Band Program allows for minimally invasive treatment for obesity. The ReShape Vest System is an investigational laparoscopically implanted device that wraps around the stomach and is used for weight loss. Reshape also offers reshapecare for virtual weight-loss management to support ongoing communication with board-certified health coaches.

Recent RSLS Stock News

Similar to Kosmos, ReShape hasn’t released much recent news. However, a new VP of Operations and R&D in August along with more substantial revenues for the quarter have been two things traders have focused on. Furthermore, insider buying from CFO Thomas Stankovich this summer came as a vote of confidence for some. Stankovich picked up nearly $50,000 worth of RSLS stock toward the end of August.

However, the company has presented at several industry events and was given a notice of allowance by the US Patent & Trademark Office titled “Intragastric Device” late last month.

RSLS Stock Forecast

According to the World Health Organization, worldwide obesity has nearly tripled since 1975. With an ever-growing population, there remains a constant need for helping those hit by this disease. This week Maxim Group initiated coverage on ReShape with a Buy rating and a price target 167% higher than retail levels on October 8th. Maxim joins other analysts like Alliance Global, who also has a hefty price target on RSLS stock. It sits at $10.25 or roughly 290% higher than where RSLS opened on Friday.

best penny stocks to buy analysts ReShape Lifesciences RSLS stock chart

Penny Stocks To Buy [according to Maxim Group]: Seanergy Maritime Holdings Corp (NASDAQ:SHIP)

We’ve discussed Seanergy Maritime frequently as the reopening trade continues to captivate attention from the stock market. The company is a shipowner providing dry bulk transport services. Following its next delivery, the company operates a fleet of 16 Capesize vessels with an average age of 11.5 years and an aggregate cargo-carrying capacity of more than 2.8 million dry-weight tons.

Read more:Best Penny Stocks to Buy Next Week? 3 For Your Watchlist

Recent SHIP Stock News

Seanergy isn’t vocal via its newswire; however, its Twitter feed has become a soapbox of sorts. The company has made it known that there’s a significant value in Cape vessel rates right now. A recent tweet explained that cape vessel rates were $75k/day and that “SHIP has unique benefit through index-linked contracts for most of the fleet.”

Other than that, SHIP stock price movement has reflected a similar tone in a direction that other reopening stocks have seen.

SHIP Stock Forecast

Maxim is the most recent analyst to weigh in on SHIP stock. The firm upgraded its rating to Buy and announced a $2.50 price target. Based on open prices on October 8, this target is 78% higher.

best penny stocks to buy analysts Seanergy Maritime Holdings SHIP stock chart

Penny Stocks to Buy [according to B. Riley]: Telllurian Inc. (NASDAQ:TELL)

Finally, Tellurian rounds out this list of penny stocks. Once again, we’re looking at a reopening name. The company provides liquified natural gas services (LNG) to clients. This energy resource has been seen as a “bridge fuel” in the transition to less carb-rich energy sources. It’s developing a portfolio for production, marketing, trading, and infrastructure. This includes a 27.6 mtpa LNG export facility and pipeline.

Recent TELL Stock News

Tellurian has reacted more to the reopening trade momentum than news catalysts. The last update from the company besides naming a new board member was back in August. It was when the company withdrew a senior not offering. With more reopening around the corner, energy penny stocks like TELL could be a focus.

TELL Stock Forecast

B Riley analysts have been optimistic in their outlook on Tellurian. The company has a Buy rating on TELL stock. Analysts also placed an $8 target on Tellurian. Based on its opening price of $3.50, this target is 128% higher.

best penny stocks to buy analysts Tellurian Inc. TELL stock chart

Should You Buy Penny Stocks With Bullish Analyst Ratings?

Keep in mind that analyst ratings are just one aspect of due diligence. While they can help speed up the research process, there are still many other things to factor in. Market momentum, industry sentiment, and global headlines are also part of the equation. In this article, we gave a brief overview of the recent development in some companies that analysts are bullish on. Will they be top stocks to buy now? I’ll leave the final answer up to you.

Sours: https://finance.yahoo.com/news/best-penny-stocks-buy-according-145827816.html

These 5 multibagger penny stocks have given up to 300% return in 2021

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Home >Markets >Stock Markets >These 5 multibagger penny stocks have given up to 300% return in 2021

3 min read.Updated: 09 Oct 2021, 11:28 AM IST Edited By Asit Manohar
  • Multibagger stocks 2021: Nifty gave around 27.65 per cent return in Year to Date (YTD) time whereas some penny sugar scrips have turned to multibagger penny stocks in this period

Multibagger stocks 2021: Amid participatory rally witnessed recently at Indian stock market, a good number of large-cap, mid-cap and small-cap stocks have entered list of multibagger stocks in 2021. This list includes some penny stocks too. While Nifty gave around 27.65 per cent return in Year to Date (YTD) time, some penny sugar stocks have turned to multibagger penny stocks in this period. This could happen because of the soaring sugar prices in the global markets and Government of India's (GoI's) latest blended ethanol program. That's why sugar stocks have remained bulls’ favourite throughout the year.

Here we list out 5 multibagger penny stocks form the sugar industry:

1] Bajaj Hindusthan Sugar: The multibagger penny stock has been bull's favourite in the last one month as the multibagger share price surged from ₹14.50 to ₹16.60 apiece — giving around 14.50 per cent return to its shareholders in this period. In 2021, this sugar stock price has gone up from ₹6.15 to ₹16.60 per share levels — logging around 170 per cent raise in this time-horizon. However, if we look at the share price history of this sugar stock, its lifetime closing high is ₹455.35 apiece, which means at one point of time, it wasn't a penny stock. It witnessed sharp correction from April 2006 and by October 2008; its price came down into double digit. In April 2018, its price came further down into single digit.

2] Dharani Sugars & Chemicals: This multibagger penny stock of 2021 has yielded around 11 per cent in last one month whereas it shot up from ₹6.40 to ₹21.05 apiece in last 6 months — logging around 230 per cent rise in this period. In Year to Date time, this penny sugar stock went up from ₹5.70 apiece to ₹21.05 per share levels — registering around 270 per cent raise in this time-horizon. As per the history of this share, it used to quote in triple digit in 2009. But, witnessed sharp correction in December 2009 and its price came down into double digit in January 2010. However, the fall continued further and the sugar stock hit single digit levels in May 2019.

3] KM Sugar Mills: This penny sugar stock has given 12.50 per cent return in lat one moth whereas in last 6 months, its prices have shot up from ₹12.50 to ₹28.30 apiece — yielding around 125 per cent in this period. In YTD time or in 2021, this sugar price has surged from ₹11.90 to ₹28.30 per share levels — giving around 135 per cent return to its shareholders in this period.

4] Simbhaoli Sugars: This multibagger penny stock price has shot up from ₹26.15 to ₹31.20 per stock levels in lat one month — logging around 19.50 per cent return in this period. The stock went up from ₹7.65 apiece to ₹31.20 per share mark in last 6 months — rising around 305 per cent in this period. However, in 2021, this sugar stock has delivered around 295 per cent return to its shareholders as its share price went up from ₹7.90 to ₹31.20 in this time-horizon.

5] Shree Renuka Sugars: This multibagger penny stock has risen from ₹26.15 to ₹30.15 levels in last one month — registering around 15 per cent rise in this period whereas in last 6 months, its share price has shot up from ₹10.75 to ₹30.15 per stock levels — yielding 180 per cent in this period. In 2021, Renuka Sugar share price surged from ₹11.85 to ₹30.15 apiece — logging 152 per cent rise in this period.

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Hot Penny Stocks

This page provides a list of penny stocks (those trading between .0001 and 5.00) sorted by the highest 5-day percent change. These high-volatility stocks have a 5-day average volume greater than the 20-day average volume, and with yesterday's trading volume greater than 1,000,000 shares.

Data Updates

For pages showing Intraday views, we use the current session's data with new price data appear on the page as indicated by a "flash". Stocks: 15 minute delay (Cboe BZX data for U.S. equities is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT.

The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update.

Page Sort

Pages are initially sorted in a specific order (depending on the data presented). You can re-sort the page by clicking on any of the column headings in the table.

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Most data tables can be analyzed using "Views." A View simply presents the symbols on the page with a different set of columns. Site members can also display the page using Custom Views. (Simply create a free account, log in, then create and save Custom Views to be used on any data table.)

Each View has a "Links" column on the far right to access a symbol's Quote Overview, Chart, Options Quotes (when available), Barchart Opinion, and Technical Analysis page. Standard Views found throughout the site include:

  • Main View: Symbol, Name, Last Price, Change, Percent Change, High, Low, Volume, and Time of Last Trade.

  • Technical View: Symbol, Name, Last Price, Today's Opinion, 20-Day Relative Strength, 20-Day Historic Volatility, 20-Day Average Volume, 52-Week High and 52-Week Low.

  • Performance View: Symbol, Name, Last Price, Weighted Alpha, YTD Percent Change, 1-Month, 3-Month and 1-Year Percent Change.

  • Fundamental View: Available only on equity pages, shows Symbol, Name, Market Cap, P/E Ratio (trailing 12 months). Earnings Per Share (trailing 12 months), Net Income, Beta, Annual Dividend, and Dividend Yield.
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Note: Due to licensing restrictions, Canadian fundamental data cannot be downloaded from Barchart.com. You will see "N/L" in a downloaded column when this is the case.

Should you require more than 100 downloads per day, please contact Barchart Sales at 866-333-7587 or email [email protected] for more information or additional options about historical market data.

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This NEW $0.001 Penny Stock Is The Next To MOON 30,000% Like ILUS? 🔥 Get In EARLY?? 🚀🚀

Top Tech Penny Stocks for Q4 2021

The technology sector consists of businesses that develop, build, and market consumer electronics, electronic components, and software. Companies in the tech sector may also provide information technology (IT) services such as cloud computing. While the best-known companies are giants like Apple Inc. (AAPL) and Microsoft Inc. (MSFT), there also are tech businesses that are classified as penny stocks. Penny stocks typically trade at $5 per share or less. Investing in penny stocks can be especially risky and may entail higher trading costs. Investors should therefore be careful when considering whether to invest in these or similar securities.

There is no widely-used benchmark for tech penny stocks, and their performance has varied significantly over the past 12 months. However, the Invesco S&P SmallCap Info Tech ETF (PSCT) provides a general indicator for tech penny stocks. PSCT has significantly outperformed the broader market in the past year, providing a 1-year trailing total return of 67.4% compared with 35.1% for the Russell 1000 Index. These market performance numbers and all statistics in the tables below are as of Sept. 16, 2021.

Here are the top three tech penny stocks with the best value, the fastest growth, and the most momentum, respectively.

Best Value Tech Penny Stocks

These are the tech penny stocks with the lowest 12-month trailing price-to-sales (P/S) ratio. For companies in early stages of development or industries suffering from major shocks, this can be substituted as a rough measure of a business's value. A business with higher sales could eventually produce more profit when it achieves, or returns to, profitability. The price-to-sales ratio shows how much you're paying for the stock for each dollar of sales generated.

Best Value Tech Penny Stocks
Price ($)Market Cap ($M)12-Month Trailing P/S Ratio
Exela Technologies Inc. (XELA)2.06296.70.1
SOS Ltd. (SOS)2.66497.80.5
TD Holdings Inc. (GLG)0.7574.60.5

Source: YCharts

  • Exela Technologies Inc.: Exela Technologies is a business process automation company. It offers software and services for accounting, human resources management, and other services. On Sept. 1, 2021, the company announced that it had completed its $150 million at-the market equity program, announced on June 30. As of Aug. 1, this helped to provide Exela with an expanded liquidity position of over $200 million.
  • SOS Ltd.: SOS Ltd. is a China-based holding company. Through subsidiaries, SOS offers financial services, including consumer credit, emergency rescue services, as well as insurance products. The company provides a consumer lending marketplace for customers in China.
  • TD Holdings Inc.: TD Holdings is a China-based holding company engaged in the car rental and commodity trading business, and provides related supply chain management services. Its principal business is commodity trading, primarily of non-ferrous metal products. In July, the company announced that it had entered a trade cooperation agreement with the management committee of the Yangpu Economic Development Zone. Through the partnership, TD Holdings planned to launch its commodity trading business in the Zone and would receive preferential policies including tax relief, financial support, and rental subsidies.

Fastest Growing Tech Penny Stocks

These are the tech penny stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors pick out growing startups that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.

Fastest Growing Tech Penny Stocks
Price ($)Market Cap ($M)Revenue Growth (%)
Future FinTech Group Inc. (FTFT)2.34164.01,610
PowerBand Solutions Inc. (PBX.V)CA$1.22CA$226.81,050
Artificial Intelligence Technology Solutions Inc. (AITX)0.04143.8784.9

Source: YCharts

  • Future FinTech Group Inc.: Future FinTech Group is a China-based blockchain e-commerce company. The company provides an online shopping platform, incubator for blockchain-based applications projects, and a cross-border e-commerce platform.
  • PowerBand Solutions Inc.: PowerBand Solutions is a Canada-based automotive technology provider. The company provides a cloud-based auction and finance portal platform for transactions among consumers, dealers, funders and manufacturers. For Q2 2021, the company reported that its net loss narrowed YOY as revenue rose. . PowerBand attributed the revenue performance to industry acceptance of its DRIVRZ lease origination software, which is driving strong sequential growth.
  • Artificial Intelligence Technology Solutions Inc.: Artificial Intelligence Technology Solutions provides mobile electronic services, including AI and robotics solutions. The company offers after-market upgrades for electronics, audio, and video for automobiles, boats, and recreational vehicles.

Tech Penny Stocks with the Most Momentum

These are the tech penny stocks that had the highest total return over the last 12 months. Stocks with returns in excess of 3,500% have been excluded as outliers.

Tech Penny Stocks with the Most Momentum
Price ($)Market Cap ($M)12-Month Trailing Total Return (%)
Extreme Vehicle Battery Technologies Corp. (ACDC.CX)CA$0.26CA$102.72,450
DMG Blockchain Solutions Inc. (DMGI.V)CA$1.06CA$174.71,080
Netlist Inc. (NLST)4.831,085955.9
Russell 1000N/AN/A35.1
S&P SmallCap Info Tech ETF (PSCT)N/AN/A67.4

Source: YCharts

  • Extreme Vehicle Battery Technologies Corp.: Extreme Vehicle Battery Technologies is a Canada-based blockchain and battery technology company. The company provides battery management systems for the electric vehicle and energy storage solution markets. On Sept. 14, the company announced that its common shares had become eligible for electronic clearing and settlement through the Depository Trust Company in the U.S. The company's shares are available on the OTCQB Exchange under the ticker CRYBF.
  • DMG Blockchain Solutions Inc.: DMG Blockchain Solutions is a Canada-based cryptocurrency and blockchain company. It provides a platform focused on mining public blockchains and using blockchain technology to address fraud and other issues in supply chains.
  • Netlist Inc.: Netlist builds and sells memory subsystems. The company provides products to the server, high-performance computing and communications markets. The company also designs custom semiconductor logic devices, which are integrated into its memory subsystems. For Q2 2021, ended July 3, the company reported net income of $27.8 million compared with a net loss in the prior-year quarter. Net sales grew about 500% YOY. Strong product sales and the execution of a comprehensive licensing agreement with SK hynix Inc. drove this growth.

The comments, opinions and analyses expressed herein are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. While we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. The views and strategies described on our content may not be suitable for all investors. Because market and economic conditions are subject to rapid change, all comments, opinions, and analyses contained within our content are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment, or strategy.

Sours: https://www.investopedia.com/investing/technology-penny-stocks/

Stocks new penny

Penny Stocks to Watch for October 2021

Last month, I talked about how to handle investment losses gracefully, reaping the hard lessons of the stock market as you re-assess your trading goals. Almost as important as coping with loss is the way you handle your successes.

If you have invested thoughtfully in a well-researched stock (or even if you've just encountered a real stroke of good luck), you may find yourself with more money than you know what to do with. This "victory lap" period can be an intensely dangerous time for investors, however. Many forget all the hard-won wisdom they've learned down the line and start throwing their money into any stock with an exciting story.

Instead of throwing caution to the wind, put even more of your time into due diligence. Trust your instincts, but stay cautious, avoid getting greedy, and keep a close eye on those fundamentals rather than the narrative a company's Investment Relations firm is selling.

Below, you'll find some updates on some intriguing and high-potential equities, as well as a few new ones I've been looking into. May they bring you even greater profits as you proceed along your investment journey.

Some of the set-ups I describe below may no longer be relevant or intact as of the time you read this article. Please conduct your own due diligence. Many stocks mentioned here were also discussed in the Peter Leeds Newsletter. Peter may own shares in some of the investments mentioned, in which case that fact will be clearly indicated. Please note that penny stocks are notoriously volatile.

First, Some Updates

BRF S.A. (BRFS)

I introduced BRF S.A. (BRFS) to readers of this column in September, and the ticker's activity since then has been nothing short of ridiculous. We're talking intense volatility here, just as I had predicted last month—but even I wasn't expecting this much of a rollercoaster. 

The good news is that the bulls seems to have wrested control away from the bears, at least for now. As of the end of September, when I was writing this update, BRFS was ultimately up 8% over the past month and 12.35% over the past week—all on the back of zero news from the company itself.

I think it's likely that we'll see more volatility from this Brazilian food company, but I remain optimistic on its prospects given strong financial ratios and still-much-cheaper valuation than its peers. In particular, if it manages to climb above the $5.20 resistance level, BRFS shareholders could see some substantial gains ahead.

Sigma Labs, Inc. (SGLB)

In contrast to BRFS, Sigma Labs, Inc. (SGLB) had a hard September, heading up to $4 by the middle of the month but then careening downward again. This resulted in an overall 7.5% drop from the time I featured the stock in this column until the last few days of the month.

Basically, investors were mildly enthused by a contract win. However, the excitement wore off, and now Sigma Labs stock is stuck at around $3.15 levels.

Despite my disappointment that its initial climb wasn't more sustainable, I believe that it's too early to give up on SGLB. The earnings per share (EPS) figures are simply too excellent to ignore (65% growth this year, 35% growth projected for next year), and the balance sheet is rock-solid.

In addition, with 80% of manufacturers purportedly looking to increase their use of 3D printing technologies, Sigma Labs could be a major winner over the next year.

Entravision Communications Corporation (EVC)

Since I included Entravision Communications Corporation (EVC) in the June 2021 edition of my "Penny Stocks to Watch" column, it's had a fantastic run from around $4.73/share to a peak of $8.11 at the beginning of September. (That's an approximately 70% theoretical profit for readers.) Even at its current price of $7.11, shareholders are looking pretty smart right now.

In my opinion, Entravision's penny stock days are likely behind it, barring some catastrophic event. Its moving averages are pointing to a "Strong Buy" signal, and its relative strenth index (RSI) has returned to normal (i.e., not overbought) levels.

One potential issue is that EVC is doing SO well—as with, for example, its consolidated adjusted EBITDA ascending 932% over the prior-year period, as of the second quarter of 2021—that it will be difficult for the stock to continue hitting this momentum.

The kind of triple-digit revenue and EPS that Entravision is seeing could turn into what Wall Street analysts call "tough comps," meaning the stock may struggle to return to its previous highs and skittish investors could consequently abandon it if/when its results grow less exciting.

While I believe it's highly possible that EVC will continue to climb by at least 20% more over the next few months or so on the back of its global expansion plans, it looks for now as if it may be taking a breather. Lower entry points may be ahead, so watch this one closely.

Some New Ones

PaySign, Inc. (PAYS)

PaySign, Inc. (PAYS) is undoubtedly one of the strangest penny stocks I've come across in my many years combing through these low-priced equities. It quite literally deals in "blood money," providing prepaid gift cards to American plasma donation centers, which subsequently use them as incentives to bring in potential donors.

The blood garnered from American donation centers is often sold to pharmaceutical companies and then used in medical treatments for hemophilia and autoimmune disorders, as well as for chemotherapy. Two-thirds of the global blood supply comes from the United States, and sales of blood plasma products come to around $25 billion per year.

In 2020, plasma donations in the U.S. dropped around 20%, and PaySign's revenue suffered given that it makes money from the fees on its prepaid cards. As of the end of 2020, the group's sales had plummeted around 30% on an annual basis. Meanwhile, the world is facing a shortage of many important plasma-based medications, without which people will most certainly die.

Even though the delta variant is still a major concern, there are many signs that PaySign's plasma business will recover in 2021 and 2022. (In fact, the company says that donations are already recovering significantly on a month-to-month basis.) The government stimulus will end or has already ended in most states; childcare has opened back up; and people who are afraid of contacting COVID are likely already double-vaccinated.

The company is therefore expecting a large resurgence of business in the third quarter of 2021 and beyond, to the tune of "a range of $29 million to $32 million, reflecting growth of 20% to 32%, and adjusted EBITDA of $350,000 to $1.9 million," per management's comments in the second quarter 2021 earnings call.

This represents tremendous upside potential for PaySign, in my opinion, and combined with a strong balance sheet and price-to-free cash flow (P/FCF) ratio of 5.04, I believe that the company is almost certainly undervalued.

Alto Ingredients, Inc. (ALTO)

Alto Ingredients, Inc. (ALTO) is a penny stock right now, but I don't expect it to stay that way for very long. Not with projected EPS growth next year at 71.54% and a forward price-to-earnings (P/E) ratio of 5.32, both of which suggest that 2022 will be an excellent year for ALTO shareholders. And not with—in my opinion—a recession-proof suite of products involving "specialty alcohols," which are used in such diverse (and in some cases essential) goods as cosmetics, cleaning products, pharmaceuticals, animal feed, pet food, and biodiesel feedstock.

Like many of its low-priced peers, ALTO is a turnaround story. Despite its large roster of blue-chip clients—with household names like Chevron, Cargill, and Procter & Gamble among them—its five-year revenue history is dispiriting.

More recently, however, the company has been pivoting from an ethanol manufacturer to a specialty alcohols producer. Its sales have subsequently shot up over the past two quarters, climbing approximately 30% and 35%, respectively.

Unfortunately, Alto Ingredients' cost of goods sold (COGS) has also increased over those periods by roughly the same percentages. I believe that this is a necessary stage in ALTO's journey toward sustainable growth, however, as the group undertakes to transition its facilities toward producing specialty alcohols.

The full fruit of its turnaround may take a few more months to appear. But once potential shareholders get a load of all of ALTO's abundant potential, I think its prices may skyrocket—and relatively soon, at that.

Best Brokers for Penny Stocks

Interactive Brokers

Interactive Brokers' very low per-share trading commission of $.005 ($1 minimum per trade) and up-to-the-split-second real-time margin calculations are ideal for penny stock traders. IBKR Lite clients can trade penny stocks for $0.

Pros
  • Low commissions, maximum 1% of trade value for IBKR Pro, $0 for IBKR Lite

  • Streaming real-time data, including account information 

  • IBot, IB’s AI-powered online assistant, can help find features

Cons
  • Data streams on only one device at a time 

  • Traders Workstation a steep learning curve

  • IBKR Pro customers charged fees to trade, though they are low

Charles Schwab

Schwab's research pages point out the exchange on which a stock trades, which will keep you informed of the inherent risk. There are a variety of platforms available; the StreetSmart platforms have customizable charting and streaming real-time quotes. Schwab does not charge trading commissions on all stocks (including penny stocks) and ETFs.

Pros
  • Excellent screeners available on StreetSmart Edge

  • Free access to a wide array of news feeds

  • Strong customization and personalization options on StreetSmart Edge

Cons
  • The sheer number of features and reports available sometimes overwhelming

  • Transaction history for just 24 months online

  • Uninvested cash not swept into a money market fund

Penny stocks are volatile and can generate catastrophic losses. Price levels in this article are hypothetical and do not represent buy recommendations or investment advice. Keep in mind that it's your responsibility to make trading decisions through your own skilled analysis and risk management.

Peter Leeds is the author of several books, including the international bestseller, "Penny Stocks for Dummies." He and his team also issue a newsletter devoted exclusively to penny stock picks and analysis, as well as a popular YouTube channel PeterLeedsPennyStocks.

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Penny Stock Update: These Penny Stocks gained up to 4.95% on Monday

penny stocks update

The illiquid stocks that trade below Rs 10 per share, and have lower capitalisation are penny stocks. Penny stocks that often neglected by investors as they are considered risky. However, the penny stocks that gain with rise in volumes often lead to outperformance. Several penny stocks were seen outperforming in the Monday trading session along with the trending auto, banking and realty stocks. Few of the penny stocks jumped higher along with a spurt in volume on Monday 

Overall, the market remained skittish with the advance decline ratio remaining in the favor of the declines. The BSE Sensex while slipping from its day’s high, managed to close at record highs, on closing price basis. Nifty 50 stocks such as ICICI Bank, RIL, Grasim and Kotak Mahindra Bank managed to make fresh all-time highs for themselves while HDFC twins are trading precariously close to their life highs. On Monday the IT stocks slipped deep into the red. 

BSE SmallCap index closed down by 0.13% on Monday. Some of the top penny stocks gained up to ~5% even as the broader markets underperformed.  

Penny Stock List

Here is the list of penny stocks that gained up to ~5% with a spurt in volume on closing basis on Monday September 27th:  

Sr No  

Stock  

LTP  

Price Gain (%)  

Volume Change (Times)  

Oscar Global  

4.95 

1.77 

Chartered Logistics  

5.53 

4.93 

2.54 

Indowind Energy  

6.4 

4.92 

1.56 

Gravity (India)  

4.05 

4.92 

2.04 

Ramasigns industries  

3.93 

4.8 

2.39 

Techindia Nirman  

7.85 

4.67 

1.7 

Vintron Informatics   

1.12 

4.67 

1.87 

Navketan Merchants  

2.05 

4.59 

1.5 

Sumeru Industries  

1.15 

4.55 

1.93 

10 

Yamini Investments Company  

0.46 

4.55 

2.42 

The illiquid stocks that trade below Rs 10 per share, and have lower capitalisation are penny stocks. Penny stocks that often neglected by investors as they are considered risky. However, the penny stocks that gain with rise in volumes often lead to outperformance. Several penny stocks were seen outperforming in the Monday trading session along with the trending auto, banking and realty stocks. Few of the penny stocks jumped higher along with a spurt in volume on Monday 

Overall, the market remained skittish with the advance decline ratio remaining in the favor of the declines. The BSE Sensex while slipping from its day’s high, managed to close at record highs, on closing price basis. Nifty 50 stocks such as ICICI Bank, RIL, Grasim and Kotak Mahindra Bank managed to make fresh all-time highs for themselves while HDFC twins are trading precariously close to their life highs. On Monday the IT stocks slipped deep into the red. 

BSE SmallCap index closed down by 0.13% on Monday. Some of the top penny stocks gained up to ~5% even as the broader markets underperformed.  

Penny Stock List

Here is the list of penny stocks that gained up to ~5% with a spurt in volume on closing basis on Monday September 27th:  

Sr No  

Stock  

LTP  

Price Gain (%)  

Volume Change (Times)  

Oscar Global  

4.95 

1.77 

Chartered Logistics  

5.53 

4.93 

2.54 

Indowind Energy  

6.4 

4.92 

1.56 

Gravity (India)  

4.05 

4.92 

2.04 

Ramasigns industries  

3.93 

4.8 

2.39 

Techindia Nirman  

7.85 

4.67 

1.7 

Vintron Informatics   

1.12 

4.67 

1.87 

Navketan Merchants  

2.05 

4.59 

1.5 

Sumeru Industries  

1.15 

4.55 

1.93 

10 

Yamini Investments Company  

0.46 

4.55 

2.42 

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