3 Penny Stocks to Add to Your September Watchlist
With the first day of trading penny stocks in September here, investors continue to look for the best small-caps to watch. While a new month is nothing more than ripping a page off of your calendar, it can at times create a symbolic shift for a bullish take-off point.
Because penny stocks and the entire stock market both tend to be highly speculative, something as simple as a new month can present a clean slate for traders to work off of. And in the past few months, trading has been mostly sideways based on fears of Covid, the Delta variant, long-term inflation, and certain geopolitical issues.
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But, in the past two weeks or so, we have seen a bullish switch, with several areas of the stock market pushing up substantially in that time. It’s worth considering that it is difficult to tell where the market will be headed. While case numbers for Covid do seem to be dropping right now in certain parts of the U.S., there are still a lot of unknowns. And, this has led to a degree of instability in the market that may last for some time.
However, there is still plenty of opportunity with the long list of penny stocks for investors to benefit from. This includes industries that could grow as a result of Covid ending or those that could go from the pandemic rolling on. So, with all of this in mind, let’s take a look at three penny stocks to watch in September 2021.
3 Penny Stocks For Your September Watchlist
- VBI Vaccines Inc. (NASDAQ: VBIV)
- Transocean Ltd. (NYSE: RIG)
- Senseonics Holdings Inc. (NYSE: SENS)
VBI Vaccines Inc. (NASDAQ: VBIV)
VBI Vaccines Inc. is a biotech penny stock that has climbed by over 16% in the past five days, bringing its YTD gain to over 23%. This is a company that develops and sells vaccines to treat infectious diseases.
Currently, the company has a collaboration with the National Research Council of Canada to develop a pan-coronavirus vaccine candidate. This will target COVID-19 severe acute respiratory syndrome. Any company involved in a Covid-related product has seen heightened investor attention in the past few months. And, VBIV seems to be one of these penny stocks right now.
On August 2nd, the company reported its second-quarter financial results for 2021. The company’s COVID-19 development VBI-2905 is expected to initiate its next phase in the third quarter of the year. VBI had $135 million in cash and cash equivalents at the end of the second quarter of 2021. With any biotech stock, a high cash balance is always a major positive. This is because it allows the company to grow and continue operating its pipeline of products.
“As a result of the encouraging data reported in Q2, the FDA granted Fast Track Designation for VBI-1901 in recurrent GBM, we demonstrated the potency of the eVLP particulate delivery platform against COVID-19, supporting the assessment of our COVID-19 Beta variant vaccine candidate in the next phase of development, and we initiated a first-in-class Phase 2 combination study assessing a potential functional cure regimen for chronic HBV infection.”
President and CEO of VBI Vaccines, Jeff Baxter
Since these results were released by the company, its stock price has gone up substantially in the market. With this in mind, will VBIV make your list of penny stocks to watch?
Transocean Ltd. (NYSE: RIG)
Transocean Ltd. is an oil and gas penny stock that has pushed up by around 4% in the past five days. While this may not seem like much, we don’t tend to see energy stocks like Transocean, climb substantially, often. If you’re unfamiliar, Transocean is a company that provides offshore contract drilling services. It contracts drilling rigs, equipment, and work crews for drilling projects. The company owns or has partial ownership in 37 mobile offshore drilling units, 27 deepwater, and 10 harsh environment floaters.
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On August 26th, the company secured a $252 million contract for a Newbuild ultra-deepwater drillship. The skip in question is the Deepwater Atlas, and it includes a mobilization fee of $30 million. This is a big deal for Transocean and one that should provide it with plenty of capital to continue its operations.
“We are extremely pleased to have secured the maiden contract for the Deepwater Atlas; the first of our two 8th generation ultra-deepwater drillships that will enter the market in 2022, both of which will be outfitted for 20,000 psi ultra-deepwater well operations.”
CEO and President of Transocean, Jeremy Thigpen
RIG stock has gone up by about $0.20 per share since this announcement was made. So, is RIG a contender for your penny stocks watchlist?
Senseonics Holdings Inc. (NYSE: SENS)
Senseonics Holdings Inc. is a penny stock that has climbed by almost 30% in the past month. This brings its twelve-month gain to a staggering 750% or so. This biotech company focuses on the development and commercialization of continuous glucose monitoring systems for people with diabetes. Its products are the Eversense and Eversense XL, implantable CGM systems that measure glucose levels in people via an under the skin sensor. Because diabetes is a disease that affects millions around the world, Senseonics has a large market opportunity for these products.
On August 9th, the company reported its second-quarter financial results. Senseonics earned $3.29 million in revenue during this quarter. This is compared to $0.26 million the year prior during the second quarter. There is actively a review from the FDA for its Eversense 180-day PMA supplement application which will be exciting when the results come out. Senseonics’ ability to grow its revenue shows that the company is working hard to build out its potential market share.
“In the second quarter we made progress driving increased patient and provider awareness of Eversense through a targeted direct-to-consumer digital advertising campaign and presentations of the PROMISE Study, an evaluation of our 180-day sensor, at the ADA and ATTD conferences.”
President and CEO of Senseonics, Tim Goodnow
Considering its meteoric rise in value in 2021, will SENS stock be on your September penny stocks watchlist?
Which Penny Stocks Are You Watching in September?
With the first day of September marking a new month, there are plenty of opportunities with penny stocks right now. But, to stay ahead of the game, investors should do all the due diligence they can to prepare for the short and long-term future.
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Considering that there are hundreds of penny stocks to buy, making the right decision comes down to you and your investing style. With all of this in mind, which penny stocks are you watching in September?
