top penny stocks to watch right now

These Penny Stocks Are Active On Friday

Trading penny stocks can bring a small-portfolio investor the potential to make a big profit in a short amount of time. This is thanks to penny stocks typically having absurd levels of price volatility. If an investor is able to find the right penny stocks to buy, they can see more impressive returns than blue-chip stocks.

While all of this sounds very exciting, you should also be a little weary about penny stocks. As fast as they can bring a nice profit, they can bring an even larger loss. That is why it is important to do your research, develop your trading strategies, and paper trade before investing your money.

It’s never a bad idea to take your time to learn, first. Of course, everyone wants to make money “now” but if you don’t know how to trade, put the breaks on for a minute. If you’re just getting started with penny stocks, check out some of our beginner articles: Penny Stocks 101. If you’re looking for some cheap stocks people are watching before the weekend, we’ve got a quick penny stocks watch list.

Penny Stocks To Watch #5: J.C. Penney Company Inc. (JCP)

penny stocks to buy or sell J.C. Penney Company Inc. (JCP)

Trust me, I get it, online shopping is so convenient that you might have never heard of J.C. Penney. If that is the case, J.C. Penney Company Inc. (JCP Stock Report) is one of the largest apparel and home retailers. The company has over 850 physical retail stores as well as a growing online presence. J.C. Penney offers products from national, exclusive, and private brands allowing consumers diverse shopping experiences.

The had a pretty good week in the stock market. It started off trading at $1.039 but has now risen to $1.23 & even hit $1.37 during premarket trading on Friday. Towards the end of the week, JCP stock had a surge of trading volume.

The company announced its Q3 financials and they showed an improvement in J.C.’s net loss. These financials are promising to investors because they are confirming that the company’s turnaround plan is working.

Penny Stocks To Watch #4: Senmiao Technology Limited (AIHS)

penny stocks to watch Senmiao Technology Limited (AIHS)

The next company on this list of penny stocks is Senmiao Technology Limited (AIHS Stock Report). This is a fin-tech company provides information services to online lending, automobile financing, and leasing industries. In addition, the company is very close to a major transportation network company called Didi Chuxing’s Ride-Hailing platform which is beneficial for its automobile operations.

AIHS stock is absolutely thriving this week. The company announced its unaudited Q2 financial results and they were eye-opening, to say the least. Year-over-rear revenues skyrocketed 8,180% and gross profit is up 1,595%. This has prompted the penny stock to rise 472% since Monday’s open of $0.29 to $1.66 on Friday. Furthermore, the stock is trading with more than 100 times its average trading volume. Can this continue into next week?

Penny Stocks To Watch #3: McDermott International Inc. (MDR)

penny stocks to buy sell McDermott International (MDR)

McDermott International Inc. (MDR Stock Report) was also a penny stock to watch at the end of the week. The company is an energy technology company that provides engineering and construction solutions to the energy sector. These solutions help companies with power generation, storage, offshore drilling,etc.

Unlike the other companies on this list, MDR stock has been down in the dumps as of late. So far, this week, the company has set a new 52-week low of $0.57. Over the last 31 trading sessions, this penny stock has fallen 71%.

In terms of penny stock news, McDermott was awarded a technology contract by Formosa Chemicals Industries Ningbo Limited. Will that help it recover from some of its lowest share prices in company history?

Penny Stocks To Watch #2: BioCryst Pharmaceuticals Inc. (BCRX)

penny stocks to watch BioCryst Pharmaceuticals Inc. (BCRX)

Representing the biopharmaceutical industry BioCryst Pharmaceuticals Inc. (BCRX Stock Report) saw a 2-day rally at the end of the week. BioCryst Pharmaceuticals is a biotechnology company focused on advancing novel treatments for serious and rare diseases. At the moment, the company has 5 treatments in its pipeline and 1 treatment that is already on the market. This drug is known as RAPIVAB and it treats acute uncomplicated influenza.

BioCryst had a couple of news releases that are contributing to the stock’s success late in the week. So far, the biotech penny stock is up 32% since Thursday. The first piece of news is that the company issued a $55 million public offering of common stock.

In addition, the company recently announced that it will present at the Jefferies London Healthcare Conference on November 21st. Bank of America also upped its rating on the penny stock from Neutral to Buy but cut its price target from $5 to $4. Can this late-week momentum persist early next week?

Penny Stocks To Watch #1: Genius Brands International Inc. (GNUS)

penny stocks to watch Genius Brands International Inc. (GNUS)

Wrapping this list up is a company in the entertainment industry. Genius Brands International Inc. (GNUS Stock Report) is a global media company that produces and markets children’s entertainment properties and consumer products.

The company launched its own network as a place to provide age-appropriate content for kids. Genius is responsible for shows like Rainbow Rangers on Nick Jr. among others.

GNUS stock jumped up over 50% since the opening bell rang on Wednesday morning. The strong momentum this week came amid speculation on earnings. On Friday the market was pleasantly surprised by the company’s results. Genius reported a 563% increase in revenue in the 3rd quarter. That was partially thanks to its delivery of Llama Llama Season 2 to Netflix. The company also produces Rainbow Rangers for Nick Jr. which has also contributed to the income.

“Overall, we remain extremely encouraged by the outlook for the business…We have assembled a first class management team with successful track records at leading companies, including The Walt Disney Company , Hasbro Toys, and the Spin Master Toy Company, the creators and owners of the billion-dollar mega-hit Paw Patrol.”

Andy Heyward , Chairman & CEO of GNUS

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