3 Hot Penny Stocks to Add to Your December Watchlist
With so much going on when it comes to trading penny stocks or blue chips, understanding how to take advantage will be your best bet at profitability. In 2021, there are more than enough factors to consider for your portfolio.
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Right now, this includes inflation, geopolitical uncertainty, and of course, the Omicron variant of Covid. Although these factors have created a sizable amount of uncertainty in the stock market, there are still plenty of ways to make money with penny stocks right now. For that reason, let’s take a look at three penny stocks that could be worth watching.
3 Penny Stocks to Watch in December 2021
- Genius Brands International Inc. (NASDAQ: GNUS)
- Luokung Technology Corp. (NASDAQ: LKCO)
- Vinco Ventures Inc. (NASDAQ: BBIG)
Genius Brands International (NASDAQ: GNUS)
Genius Brands International is a content creation and licensing-based entertainment company. As part of its large holdings of content include names such as SpacePop, Llama Llama, Warren Buffet’s Secret Millionaire’s Club, and many others. Genius Brands’ material is aimed at adolescents ranging in age from toddlers to tweens. Right now, the digital entertainment market continues to see new attention. Throughout the past two years, consumers have increasingly turned toward online content as a way to distract from the pandemic. And, it looks like this notion will only continue to grow in the near future.
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On December 2nd, the company announced a strategic investment in Germany’s “Your Family Entertainment AG”. This means that Genius will be in control of one of Europe’s biggest animation catalogs and children’s books. Genius will rebrand its company of investment to Genius Family Entertainment AG, which trades on the Frankfurt Stock Exchange.
“We believe the strategic transaction with Germany’s YFE, added to the IP assets and earnings of Canada’s WOW! Unlimited Media, will present us with additional growth opportunities in furtherance of our goal of becoming the leading provider of quality and responsible children’s entertainment in the world today, and for years to come.”
The Chairman and CEO of Genius Brands, Andy Heyward
This is a big announcement for the company, and one that we likely won’t see the results of for some time. Considering this new info, will GNUS make your list of penny stocks to watch before 2021 ends?
Luokung Technology Corp. (NASDAQ: LKCO)
Luokung Technology Corp. is a penny stock that we have mentioned numerous times in the past few months due to its consistent trending nature. If you’re not familiar, Luokung is a company that offers location-based services as well as mobile apps. Its Luokuang app includes content and services such as travel, entertainment, and e-commerce. Aside from these services, the company also provides software development kits and app programming interfaces.
Luokung released its financial results for the six months ended June 30th, 2021 on November 1st. During this period, Luokung’s income was $37.8 million, up from $7.3 million the previous year. Despite rising revenues, the company’s net loss climbed by more than $7 million over this period. Its basic and diluted loss per share is maintained at $0.09 year on year. While its net loss is nothing to write home about, the other results announced in its financial results are encouraging.
“In the first half of 2021, we were pleased to complete the transformative acquisition of the control over eMapgo Technology, a leading provider of navigation and electronic map services in China, which we anticipate will be an increasingly important growth driver for Luokung in the long term.”
Chairman and CEO of Luokung, Mr. Xuesong Song
Right now, there is a major emphasis on tech penny stocks. And as a result, companies like LKCO have seen heightened attention. Considering that shares are down by more than 40% in the past six months, there could be some momentum if LKCO can improve its net losses. And with over 60% in gains in the past year, it’s clear that the hopes are high for LKCO stock to push up. With all of that in mind, does LKCO stock deserve a spot on your list of penny stocks to watch?
Vinco Ventures Inc. (NASDAQ: BBIG)
Vinco Ventures, Inc. is a company dedicated to the advancement of digital media and content technologies. ZVV Media Partners, LLC, a joint venture of Vinco Ventures and ZASH Global Media and Entertainment Corporation, owns an 80% stake in Lomotif Private Limited. Lomotif is a video-sharing social networking site that is making video creation more accessible to everyone. This is one of the more recent moves by the company made to help advance its placement in the media industry. And while the full benefits of its stake in Lomotif have yet to be realized, it is an encouraging prospect.
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On November 22nd, Vinco released its financial results for the third quarter of 2021. The company’s cash, cash equivalents, and restricted cash totaled $149.9 million on September 30th, 2021. Additionally, Vinco’s revenue decreased 11.5% year over year due to a loss in sales of protective equipment in its Edison Nation Medical division. Despite this, Vinco made a lot of positive advancements during this quarter which seem to be driving its share price right now. In the past five days or so, shares of BBIG stock have moved up by over 12% which is no small feat.
“Importantly, through our joint venture, ZVV Media, we completed the acquisition of an 80% interest in Lomotif, a global, pure-play video-sharing social networking platform and we are making good progress on extending the brand to additional geographies, including the U.S. and India. We also announced the planned spin-off of our blockchain business, Cryptyde”.
The CEO of Vinco Ventures, Lisa King
Although BBIG stock can be quite volatile, many investors are hopeful about the future of the company. Whether this makes BBIG stock worth adding to your penny stocks watchlist is up to you.
Which Penny Stocks Are on Your Buy List?
Finding the best penny stocks to buy is all about understanding where to look. With so many different penny stocks to choose from, knowing where the market is moving and why will be a major asset to your watchlist. Considering all of this, which penny stocks are on your buy list?
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