list of penny stocks to watch now

Some Penny Stocks To Watch Ahead Of Tuesday’s Open

This week is a shortened week thanks to Martin Luther King, Jr. Day on January 20th. In observation of the holiday, U.S. markets will be closed. However, trading will resume once again on the 21st. Given that fact, it not only gives trades a pause following a big week last week but also gives an opportunity to take the day and use it for researching other penny stocks to watch this week.

Heading into the new week, we’re likely to see another series of earnings reports. Last week we saw many of the big banks report. To say the least, estimates for many of these were beaten, by the banks.

That helped boost markets heading into the long weekend. This week we’ll see more companies report and that could pose a trickledown effect for penny stocks. With that in mind, here’s a list of penny stocks that some traders may take a closer look at this week.

Penny Stocks To Watch: Bellicum Pharmaceuticals, Inc.

First on the list is Bellicum Pharmaceuticals, Inc. (BLCM – Free Report). This week the company will present new translational data for its BPX-501 at the ASCO 2020 Gastrointestinal Cancers Symposium. Specifically, the company will report on data this Friday, January 24 so there’s a bit of time before the actual event happens. Nonetheless, we’ve seen countless times in the past that momentum can build-up, heading into a big presentation.

Shares have been climbing since mid-December. BLCM stock was trading around $0.80 at the time. As of this past week, the biotech penny stock now trades north of $2.25. In fact, on January 17 shares reached highs of $2.79. Last month, Bellicum announced that The University of Texas MD Anderson Cancer Center exercised its option to license its CaspaCIDe® safety switch technology.

[Read More] Gold Stocks & the Top Gold Penny Stocks to Watch

Bellicum is no stranger to big moves either. It’s been one of the top penny stocks to watch quite frequently since August when we first started following the stock. Along the way, there’s been spikes and pullbacks. But overall, the general trend has been up. Will that continue heading into the short week?

penny stocks to watch Bellicum Pharmaceuticals (BLCM)

Penny Stocks To Watch: KemPharm, Inc.

Another one of the top biotech penny stocks to watch, KemPharm, Inc. (KMPH – Free Report), saw above-average trading volume to close out the week last week. Typically, KMPH stock trades between 800,000-900,000 shares per day. On Friday, the stock traded more than 1.6 million.

Though the penny stock hasn’t had the best trail 12 months in the performance category, new developments could put it in the spotlight. These developments have been discussed previously during our update in December on KMPH. First, the company restructured some $77+ million in debt. Its lenders agreed to adjust the maturity of the debt to a date in 2021. Furthermore, there was something announced last November that could be very relevant this month.

As we talk about frequently, it’s important to research more than just the “latest headlines.” Case in point, if you were taking notes back in November, January is probably an important month for you. Why? Back in a November update, the company reported that its focus is on “finalizing the New Drug Application (NDA) for KP415, with the goal of filing in January 2020.” With only 2 weeks left in the month, this could be something to keep an eye on and see if the company can deliver on its initial goal.

penny stocks to watch Kempharma Inc. (KMPH)

Penny Stocks To Watch: IsoRay, Inc.

Another company to add to the list of penny stocks to watch is IsoRay, Inc. (ISR – Free Report). It’s been a popular penny stock on PennyStocks.com since late November. In fact, around that time, ISR stock traded at roughly $0.45. Since then, we’ve watched as the stock has skyrocketed over 120% as of January 17. That is when ISR stock reached highs of $1.01. But obviously this run didn’t happen out of the blue.

IsoRay has continued to execute on several fronts. After beating estimates in its last quarterly report, IsoRay has continued to build on its momentum. Most recently, the company filed an 8-K indicating a material event that saw its subsidiary modify the prices to be paid by GT Tech.

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This mainly had to do with an increase in price for its GammaTile™ product. Based on the look of the market, traders took to this update relatively favorably as shares closed the week strong just shy of $0.90. Can that continue at the start of the new week ahead?

penny stocks to watch Isoray Inc. (ISR)

Penny Stocks To Watch: Titan Pharmaceuticals Inc.

Finally, Titan Pharmaceuticals Inc. (TTNP – Free Report) has been one of the top penny stocks to watch since late-October. At the time, shares traded around $0.19 and even though the slid slightly lower to about $0.14, the general trend since has been bullish so far.

[Read More] Top 10 Penny Stocks On Robinhood To Watch For January 2020

Following new board appointments last month, Titan has recorded additional milestones in January. First, the company priced a $2.2 million offering to raise additional capital. The average price per share for the raise was $0.25 and at the time, TTNP stock traded around $0.23. So that wasn’t much, if any, of a huge discount to market.

But what may be even bigger yet is what was just announced about a week ago. Titan released news that it has signed an agreement for its Probuphine implant to be included on the Federal Supply Schedule. It will be able to start providing U.S. veterans and other federal government agencies with access to Titan’s 6-month maintenance treatment for Opioid Use Disorder.

Commenting on the big news, Dane Hallberg, Titan’s Executive Vice President and Chief Commercial Officer, said, “This agreement further extends the commercial reach of Probuphine to eligible patients suffering from OUD.”

penny stocks to watch Titan Pharmaceutical (TTNP)

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