3 Penny Stocks to Add to Your December 2021 Watchlist
As we head further into December, investors continue to look for the best penny stocks to buy. To do so takes a thorough understanding of what’s going on in the stock market and how it may affect either penny stocks or blue chips. Of course, we have to contend with the new Covid variant that continues to shake up markets.
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And the result of this is a high degree of volatility that is resulting in both potential to make money with penny stocks and lose money as well. So, to avoid the latter, traders should also have a solid understanding of their own trading style and investing goals. This will ensure that you have the best chance at success depending on either a short or long-term strategy. Considering all of that, let’s take a look at three penny stocks to watch as December begins.
3 Penny Stocks to Watch in December 2021
- Sesen Bio Inc. (NASDAQ: SESN)
- Transocean Ltd. (NYSE: RIG)
- Phunware Inc. (NASDAQ: PHUN)
Sesen Bio Inc. (NASDAQ: SESN)
Sesen Bio Inc. is a biotech company that develops cancer-treatment medicines. Targeted fusion protein treatments are designed, engineered, developed, and commercialized by the company. Its Vicinium product is in Phase 3 clinical trials to treat BCG unresponsive non-muscle invasive bladder cancer. It also provides Vicinium in conjunction with Durvalumab, which is now in Phase 1 clinical studies for BCG-unresponsive NMIBC.
On November 8th, the company reported its third-quarter financial results for 2021. During this period, its cash and cash equivalents as of September 30th were $175.3 million compared to $55.4 million on December 31st, 2020. The company’s research and development expenses were $5.2 million less during this period year over year. Overall, its general and administrative expenses for the quarter went up $4.6 million year over year. These numbers are very substantial and show that the company is working hard to grow right now.
“We remain dedicated to saving and improving the lives of patients, and we look forward to continuing to work collaboratively with the FDA in our upcoming Clinical Type A Meeting, expected later this year, to carry our mission into the next stage of the regulatory process and beyond.”
The President and CEO of Sesen, Dr. Thomas Cannell
In the last 5 trading days, SESN stock has increased in value. Despite a large drop earlier in the year due to some less-than-stellar news, it looks like SESN stock is seeing a slight bullish turnaround. Based on this info, will SESN be on your list of penny stocks to watch?
Transocean Ltd. (NYSE: RIG)
Transocean Ltd. is an industrial penny stock we’ve mentioned many times in the past few months due to its upward momentum. This is a company that provides offshore contract drilling services for oil and gas wells. It specializes in harsh water drilling, which is a relatively niche market, and therefore makes Transocean an interesting choice in the energy sector. Primarily, Transocean engages in ultra-deepwater operations where it contracts and provides all the equipment needed for drilling. Currently, it owns or has ownership in a fleet of 37 mobile offshore drilling units.
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On November 1st, the company released its third-quarter financial results for 2021. Its total contract drilling revenues fell during this period to $626 million from $656 million last quarter. Its revenue efficiency grew 0.1% quarter over quarter as well. In total, Transocean’s operating and maintenance expenses went down this quarter. The numbers here highlight the recent bullishness around the energy industry and Transocean as well.
“We grow increasingly encouraged as we observe continuously improving market fundamentals and the resulting strength exhibited in oil prices. With tightening utilization for high-specification ultra-deepwater and harsh environment assets, and longer tender durations across multiple markets, dayrates are steadily increasing, which bodes well for the offshore drilling industry, and Transocean.”
The President and CEO of Transocean, Jeremy Thigpen
In 2021 YTD, RIG stock has increased in value. Noting this info, will RIG be on your penny stock watchlist in December?
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a tech penny stock that has skyrocketed by over 125% in the previous six months. And, in the past twelve months, PHUN stock has pushed up by over 360%, which is no small feat. This company provides an integrated software platform for a variety of businesses.
The platform provides businesses with solutions and services for managing their mobile app portfolios. Software development kits and licenses are among the items offered by Phunware. The company’s products are used in a variety of industries, including retail, healthcare, aviation, real estate, and hospitality. Because of the broadness of the companies it works with, Phunware is a popular choice among those looking for tech stocks to buy.
On November 23rd, the company announced the immediate availability of its Multiscreen-as-a-Service (MaaS) platform. This platform will be available in the Amazon Web Services (AWS) Marketplace, which is a digital catalog that has thousands of software listings from independent software vendors. This will allow for businesses to license its features and capabilities such as digital access, management, feedback tools, and much more.
“By adding our MaaS Platform to AWS Marketplace, customers around the world can more easily access mobile software that can tech-enable not only critical operations, but also customer and workforce engagement.”
COO of Phunware, Randall Crowder
Moving forward, it will be interesting to see what is announced next by Phunware. Considering this, will PHUN stock make your watchlist going into December?
Which Penny Stocks Are on Your Watchlist?
Finding the best penny stocks to buy is all about understanding where to look. While it may be difficult given the sheer number of factors impacting the stock market right now, there are plenty of options to choose from.
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As a result of the hundreds of penny stocks listed on public markets, it all comes down to knowing which ones are best for your portfolio. This means understanding what your investing style is and how to use that as an advantage. With this in mind, which penny stocks are on your watchlist right now?
