3 Hot Penny Stocks to Watch in November 2021
With November off to an interesting start for both penny stocks and blue chips, there is a lot for investors to keep track of. Today we saw shares of Tesla Inc. (NASDAQ: TSLA), slide by roughly 10% at midday based on tweets from CEO and internet personality, Elon Musk.
While this didn’t have a major effect on the other tech penny stocks, it does show just how volatile the stock market is right now. Since the onset of the pandemic, we have seen speculation reign supreme above all else. And while this shouldn’t serve to incite fear, it should show that your strategy may need some updating.
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Because of this, investors need to stay as up-to-date as possible on everything that is going on with penny stocks. This means understanding how to trade penny stocks in 2021 as well as how the market is functioning on any given day. As a result of so many factors impacting the stock market, investors need to stay as vigilant as ever. With that in mind, let’s take a look at three hot penny stocks to add to your watchlist right now.
3 Penny Stocks to Add to Your Watchlist Right Now
- PetVivo Holdings Inc. (NASDAQ: PETV)
- Bit Brother Ltd. (NASDAQ: BTB)
- Ambev ADR (NYSE: ABEV)
PetVivo Holdings Inc. (NASDAQ: PETV)
PetVivo Holdings Inc. is a biotech penny stock that has climbed by a staggering 75% in the past five days. If you’re not familiar, PetVivo is a biotech company that offers products for treating diseases and afflictions in animals. These products include medical devices and biomaterials. PetVivo engages in the licensing and commercialization of these products. Currently, it has around 17 therapeutic devices for various veterinary applications.
On October 27th, the company announced that it has named Kick as its advertising agency. Kick will now lead brand strategy, ads, digital and social media, and experimental marketing and design strategies. Currently, Kick works for Fortune 500 brands and has worked with more than 25 pet brands and multibillion-dollar biotech corporations.
“The team at Kick is second to none in its marketing capabilities within the equine and animal industry and unwavering in its commitment to engaging audiences with impactful messaging that creates action. Their extensive capabilities in strategy, branding, marketing, advertising, and digital media make them uniquely equipped to bring innovative, integrated solutions to what we’re trying to achieve.”
CEO of PetVivo, John Lai
Considering its major momentum in the past week or so, it makes sense that investors are keeping a close eye on PETV stock. With this in mind, will PETV be on your watchlist this month?
Bit Brother Ltd. (NASDAQ: BTB)
One of the biggest gainers of the day so far is Bit Brother Ltd., which shot up by over 33% at midday. This gives it a one-month gain of 83% which is quite substantial. If you’re not familiar, Bit Brother specializes in the retail and wholesale distribution of specialty tea. In addition to this, the company engages in cryptocurrency mining and blockchain technology.
While this may seem strange off the bat, it is common for many companies to engage in a previous business alongside a new blockchain or crypto-based enterprise. This is true given the rise of crypto and the value that it can add to companies. But, we do have to consider that BTB stock is highly volatile due to its relation to crypto.
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At the end of October, the company announced that it received a letter from the NASDAQ stating that it was unable to meet the minimum bid requirement of $1 for a period of thirty consecutive business days. While this is simply a letter right now, shares have since managed to climb to over $1.70 as of November 9th. If it can keep this up, it will no longer be in danger of being de-listed from the NASDAQ exchange.
Aside from this, if you’re looking at BTB stock, it’s important to also look at cryptocurrency and how the most popular coins are doing. Because BTB has such a large tie to Bitcoin, this will continue to have a sizable effect on its pricing. Considering all of this, will it be on your list of penny stocks to watch?
Ambev ADR (NYSE: ABEV)
While ABEV stock’s gain of around 3% today is nothing to write home about, shares have been moving in an upward trajectory. In the past five days, ABEV stock has climbed by around 7% and in the past month by over 20%. This comes after months of less than stellar sentiment with Covid-related production issues and other supply chain worries. But, as a major producer and distributor of many of the most popular alcoholic and non-alcoholic beverages in the world, investors are showing interest.
In its latest Q3 report, the company posted a quarterly net profit that was 57% higher than the previous year’s same period. This is a major jump, and one that investors are only just now beginning to recognize. In addition to this, it managed to grow its net revenue by 20% alongside an adjusted EBITDA growth of 7.8% over the previous year.
A lot of the time, we tend to see penny stocks trade more off of speculation than fundamentals. And this is something that is likely not going anywhere anytime soon. However, the fundamentals that a business posts in its quarterly report, are very important to stock performance. The CEO of Ambev, Jean Jereissati, stated that he is extremely confident about the future of the company and that it could move back toward 2019 highs. With that in mind, do you think that ABEV stock is worth adding to your penny stocks watchlist?
Which Penny Stocks Are You Buying Right Now?
Finding the best penny stocks to buy is all about understanding your own tolerance for risk. While some investors may look for less risky stocks, others tend to look for those with a high potential to move greatly.
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Considering that, investors also need to look at what factors are impacting the stock market and how they could continue to do so in the future. With all of this in mind, which penny stocks are you buying right now?
