Best Penny Stocks To Trade Before Next Week? 5 Companies To Watch
Are These 5 Companies On Your List Of Penny Stocks Right Now?
There’s no doubt that penny stocks are best known for volatility. No matter how you look at it, the general feeling about these cheap stocks is speculative in nature. However, one thing you shouldn’t do as a trader is to treat these like a lottery ticket. There are viable companies out there that are working to build a real business. The things you see in movies like Wolf of Wall Street or Boiler Room are typically few and far between.
Are penny stocks risky? The answer there is, of course, these stocks are risky like all investments. However, due to the lower prices, small shifts in value can swing percentage moves dramatically in one direction or another. It’s this factor that can give a bad taste in the mouths of those who are new to buying penny stocks. The reason being is that these “noobs” will tend to treat penny stocks like a lotto ticket. At the end of the day, these are investments, no matter how risky. So they need to be treated as such.
So, keeping this in mind, you should put work into researching one of these types of stocks just as much as you would Facebook or Twitter. Look for things like strong news, big corporate filings, and upcoming presentations that could lead to speculative momentum.
Also, if you can’t manage to be at your computer every minute of the day, it may be best to look for penny stocks to buy that could have the potential to become swing trades. With this in mind, here are 5 stocks that have started to trend this month. Will they be the best penny stocks to trade next week as well?
Best Penny Stocks To Trade #1: Bellicum Pharmaceuticals, Inc.
The first on this list of penny stocks is Bellicum Pharmaceuticals, Inc. (BLCM – Free Report). Shares of this company have been on the move since early December 2019. At the time the penny stock traded around $0.80 and if you look at it this week, you’ve seen the big move to highs of $2.79. However, keep in mind that with such a large move, it’s important to dive deeper into potential catalysts for it. The reason for that is to better determine if its one of the best penny stocks to add to a watch list.
Bellicum’s proprietary technology was licensed by The University of Texas MD Anderson Cancer Center. The company’s CaspaCIDe® safety switch technology, at a very basic level, protects against adverse side effects. That news helped trigger the initial move in the stock.
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This week speculative momentum could be in play based on the fact the company reported that it will present next week at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium. Specifically, the company will give a poster presentation of an abstract on new Phase 1 translational results for BPX-601.
Best Penny Stocks To Trade #2: Aptinyx Inc.
Next, Aptinyx Inc. (APTX – Free Report) has managed to attract attention this week after a few updates came to light. First, the company reported that it would raise some $35.1 million at a price of $3 per share. Even at today’s price, that is a significant premium to the current market.
But what’s more, is that Form 4s were filed this week as well. If you’re not familiar with these types of forms is that they show insider trading actions. This could be buying, selling, options, etc.
From January 14 through the 16th, these filings show that Norbert Riedel, Henry Gosebruch, Patrick Enright, Robert Hombach, Adam Koppel, and even insiders like Adams Street Partners all picked up more shares.
Furthermore, FRAZIER LIFE SCIENCES VIII, L.P. submitted a filing showing its increased stake in the company. Amid all of these, shares have catapulted to highs of $4.62. That marked a move of more than 75% since mid-October.
Best Penny Stocks To Trade #3: Novavax Inc.
A familiar face on this list of penny stocks, Novavax (NVAX – Free Report) has seen a strong 2020 so far. After opening the year around $4, shares of NVAX stock have climbed as high as $5.51 so far. We discussed this company earlier in the week after Novavax was awarded Fast Track designation for its flu vaccine from the FDA.
“The FDA’s decision to grant Fast Track Designation for NanoFlu reflects the urgent unmet medical need for a more effective vaccine against influenza, particularly in the older adult population which often experiences serious and sometimes life-threatening complications, of the disease,” said Stanley C. Erck, President and Chief Executive Officer of Novavax.
Furthermore, the company presented at one of the biggest healthcare conferences of the year. This is the JP Morgan Healthcare Conference. In relation to this, the transcript of the company’s presentation was published after the market closed on Thursday. At the end of the week, NVAX managed to leave the penny stock territory and remained above $5 for the majority of the trading session. Will this continue next week?
Best Penny Stocks To Trade #4: InspireMD Inc.
This was one of the penny stocks that tanked late in the 3rd quarter of 2019. But after hitting 52-week lows of $0.74 in November, InspireMD (NSPR – Free Report) has begun turning around. That’s, at least for the time being.
This week, shares reached highs of $1.64 and saw one of its highest trading volume days in months. Though there was no news this week, the newest jump comes after big news from InspireMD. A few weeks ago, the company announced strong, preliminary Q4 results for 2019. It also reported an inducement award.
“We believe our continued strong revenue growth reflects the increasing awareness of CGuard™ by treating physicians, including vascular surgeons, in our key territories. At the same time, we continue to work to introduce CGuard™ into new markets and anticipate that we will be able to sustain this momentum through 2020.”
Marvin Slosman, Chief Executive Officer
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Management stated that it expects revenue to fall somewhere between $1 million and $1.025 million. That’s a 22-25% jump compared to the same period in 2018. This growth was attributed to the company’s increased demand for its CGuard™ EPS, a product used for carotid embolic prevention.
Best Penny Stocks To Trade #5: Citius Pharmaceuticals Inc.
Finally, Citius Pharmaceuticals Inc. (CTXR – Free Report) has been on the move in a similar manner as InspireMD. During the later part of the 4th quarter, shares of CTXR stock hit fresh 52-week lows of $0.40. However, since then shares have turned around for the time being.
Why has Citius made such a move? Well, let’s look at what’s out there. First, the last new release was regarding a positive outcome to interim futility analysis for its Phase 3 trial. It involves its Mino-Lok treatment. Based on this analysis of data the recommendation of the Data Monitoring Committee was to proceed with the current trial as planned.
Here’s what could allude to reasons behind a move early this year. Topline data from the superior efficacy interim analysis is expected in the first half of 2020. This is the next major milestone in the Mino-Lok trial and seeing as we’re in the first half, technically, could this last move be related to that topic? No matter the case, CTXR stock has managed to gain more traction toward the end of the week.
