3 Penny Stocks For Your Mid-December Watchlist
While trading penny stocks and blue chips has been a wild ride for those involved this year, there is a lot of potential in the stock market. However, understanding how to trade penny stocks is one of the best tools you can have to bring about consistent profitability. In line with having a strategy, investors should also have a thorough understanding of what factors are impacting the stock market.
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Right now, the two biggest issues include Covid and the Omicron variant, as well as high inflation globally. While these are longer-term factors to understand, they do continue to have a day-to-day effect on how penny stocks trade. So, with all of this in mind, let’s take a look at three penny stocks to watch in December 2021.
3 Penny Stocks to Watch in December 2021
- Phunware Inc. (NASDAQ: PHUN)
- Farmmi Inc. (NASDAQ: FAMI)
- Ambev S.A. (NYSE: ABEV)
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a tech penny stock that has climbed by more than 5% in the past five days with a YTD and one-year gain of 225% and almost 390% respectively. These are major gains, and ones that reflect both the company as a whole and the tech sector right now. If you’re not familiar, this company provides a fully integrated enterprise cloud platform for mobile Multiscreen-as-a-Service (MaaS). This platform gives businesses the data, tools, and services they need to monetize and manage their mobile app portfolios and audiences on a global scale. Its software development kits cover a wide range of topics, including location-based services, mobile engagement, content management, advertising, and more.
On November 23rd, the firm announced that its Multiscreen-as-a-Service (MaaS) technology is now available in the AWS (Amazon Web Services) Marketplace. The AWS Marketplace is a digital catalog with hundreds of software listings. This service makes it easier to find, test, buy, and deploy software that runs on Amazon Web Services Inc.
“We are thrilled to work with AWS and leverage over a decade of industry experience in order to help enterprises drive digital transformation in a mobile-first world. 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.”
CEO of Phunware, Randall Crowder
With its significant recent gains, it’s clear that investors are interested in PHUN stock right now. Considering that, does it deserve a spot on your list of penny stocks to watch?
Farmmi Inc. (NASDAQ: FAMI)
Farmmi Inc. is an agricultural company that produces a large range of food products. This includes the production of primarily, edible fungi. It sells its mushrooms in a variety of countries, and continues to land new export contracts around the world. Shiitake mushrooms, bamboo fungus, and Mu Er mushrooms are some of its product lineup, however, the company has worked to increase its offerings in the past year or so. These products are sold to restaurants and wholesalers all around the world. Additionally, the company recently landed a large order to export dried fungi items to Israel and a few other places.
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Zhejiang Farmmi Biotechnology Co. Ltd., a subsidiary of Farmmi, received a fresh product order on November 15th. Farmmi’s dried black fungus was ordered from Vancouver, Canada. This is another substantial product order for the company, which has made significant progress throughout 2021.
On December 7th, Farmmi scored another product order from one of its long-term customers. The company will export more of its Shiitake mushrooms to the country of Jordan.
“Our continued progress on the agricultural portion of our business is one of the most visible externally. We are benefitting from excellent supplier relationships that give us valuable access to high-quality Shiitake and fungi products.”
CEO and Chairwoman of Farmmi, Ms. Yefang Zhang
In the past five days, shares of FAMI stock have risen incrementally. However, due to its high volatility and the speculation surrounding FAMI stock, it can see large gains (and losses) in a given trading day. With that in mind, will FAMI make your list of penny stocks to watch?
Ambev S.A. (NYSE: ABEV)
Ambev S.A. is a beverage company that sells beer, soft drinks, and other drinks globally. Aside from beverages, the company distributes and sells food products, however, beverages remain its most popular export product. Budweiser, Bud Light, Stella Artois, and Corona are just a few of the brands that fall under the Ambev umbrella. While its gains in the past year are nothing to write home about, we have seen a slight bullish turnaround with ABEV stock. It’s too soon to say if this momentum will continue, however, its recent movement is encouraging.
At the end of October, the company released its financial results for the most recent quarter. The company’s quarterly net profit increased by 57.4% to $660.89 million. Demand for some of Ambev’s products has risen considerably as bars and eateries reopen. Ambev’s third-quarter volumes increased 7.7% year over year, marking the best in the company’s history. This is also encouraging news, and could signal that demand for ABEV’s products could continue to rise in the coming months.
In the last five trading days, ABEV stock has increased in value. The pandemic slowing down has caused a higher demand for alcohol and other beverages around the world. It will be interesting to see if ABEV can break through to its YTD high of around $4 per share. One thing to keep in mind with ABEV stock is its relation to the pandemic. While alcohol sales can rise during lockdowns, it is nowhere near what it could be if the world reopens. As a result, paying attention to what’s going on with Covid could be a great indicator for potential ABEV stock performance. Noting this, will ABEV stock be on your watchlist before 2022?
Can Penny Stocks Continue to be Profitable?
If you’re looking to buy and sell penny stocks, there are plenty of small caps to choose from. As a result of the sheer number of factors impacting the stock market, taking advantage of market momentum is completely doable.
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But, knowing how to trade and what is going on with penny stocks, will always offer you an advantageous position for your portfolio. Considering all of this, do you think that penny stocks can continue to be profitable?
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