Penny Stocks To Watch Right Now
The markets are back out of the red-zone for now. But that doesn’t mean much if you’re trading penny stocks. In fact, look at any single day that the market is getting hit by massive selling and you’ll likely find a bunch of small-cap and micro-cap stocks flying high.
The nature of “the beast” is such that speculation and volatility are general drivers instead of overall market metrics. While this isn’t to say market events can’t impact penny stocks, it doesn’t necessarily mean these cheap stocks are always tied to the S&P or Dow.
This having been said, you also need to understand how penny stocks work. It’s not just a random casino as some may treat it. There are plenty of metrics you can use and FOMO isn’t one of them. Trading on emotion, while difficult not to for some, is never a good idea. When it comes to penny stocks especially, it’s important to realize that many of these are start-up companies. Therein lies the potential too. If one of these start-ups hits it big, investors stand to do the same. The tough part is finding the best ones early on.
We’ve seen how names like Inovio (INO – Free Report) and Alpha Pro Tech (APT – Free Report) start out as penny stocks and wind up running well above $9 or even $40 a share. But not all penny stocks will do something like that. However, it’s not out of the question to see penny stocks breakout to the tune of 100’s of percentage points. No matter what, it’s still important to do plenty of research as well. With this in mind, here’s a list of penny stocks.
Best Penny Stocks To Watch: International Land Alliance
The first on this list of penny stocks is International Land Alliance (ILAL – Free Report). Like many lower-float penny stocks, it has seen its share of volatility over the past few months. Shares of ILAL stock have jumped between lows of $0.62 and highs of $1.41 this year, alone. Furthermore, the attention that the real estate sector has received could be a glaring indication that the market is looking for new options.
Just last week we saw several real estate penny stocks jump up big. Ashford Hospitality has rallied over 20% since last Friday while Washington Prime Group jumped over 35%. International Land Alliance could be one of the next real estate development penny stocks to watch. The company has it has just begun expansion into an area rich in culture but more importantly a high-value location targeted by several markets that are rapidly growing.
It’s also worth mentioning that this particular area of Northern Baja California, Mexico has quickly become a hotbed for tourism and even baby boomers looking to relocate. Tourism officials in Baja California expect to see a 5 to 7 percent increase in tourists in 2019, according to Baja California’s Secretary of Tourism Óscar Escobedo Carignan. With a current portfolio of properties appraised at a higher valuation than its actual market cap, it stands to reason that ILAL stock could be one to take notice of as other real estate names have started to climb.
Best Penny Stocks To Watch: Inpixon
Next, shares of Inpixon (INPX – Free Report) have jumped during after-hours trading on March 3. The penny stock has been moving mostly sideways since the end of January. But there’ve been several large volume days that brought more attention to the company. In any event, the company struck a chord with the market after reporting its quarterly and fiscal 2019 results.
Inpixon was able to boost sales from $3.756 million a year ago to over $6 million during the same period this year. On top of that, the company also provided a corporate update that also boosted sentiment for the penny stock.
“As a result of our recent initiatives, revenue for the year ended December 31, 2019, increased by 68% as compared to 2018. Our revenue growth reflects acquired revenue as well as organic growth as we expand our customer base and ecosystem of partners and distributors globally. At the same time, our gross profit margin increased to 74% for 2019, versus 71% last year. We believe the growth experienced and milestones achieved in 2019, as well as our prospects for 2020, will enable us to drive shareholder value. We look forward to providing further updates along the way,” said Nadir Ali, Chief Executive Officer of Inpixon.
Best Penny Stocks To Watch: Toughbuilt Industries
Toughbuilt Industries (TBLT – Free Report) saw its stock surge on Tuesday. After opening at $0.17, the industrial supply company’s shares hit highs of $0.2175 right before the close. While there was no news to go along with this latest move, TBLT stock continued to trade after-hours.
Over the last few weeks, shares of Toughbuilt stock have been increasingly volatile. What stemmed from an update back on February 19 has triggered one wild ride for this penny stock. At the time, the company announced that 87 of its products were launched on Zoro.com. The products range in price from $6.00 to $279.95 and are now accessible to Zoro’s four hundred thousand customer-base. While this was a big positive for the company, you’ll see shortly after the update, shared toppled.
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That resulted after a corporate filing showed a capital raise was completed. Actually it was an overallotment from a previous $9 million raise in January. In both cases, the average price per share of the raise was at a steep discount to the market. But it looks like after the dust settled, shares are starting to rebound a bit. Now armed with fresh cash, new distribution on Zoro and plans to release another 14 products during the first half of the year, will Toughbuilt stock finally be ready to turn around for good?
Disclaimer: PennyStocks.com is owned and operated by Midam Ventures, LLC. Pursuant to an agreement between Midam Ventures LLC and International Land Alliance (ILAL), Midam is being paid $225,000 for a period from January 31, 2020, to May 18, 2020. We may buy or sell additional shares of International Land Alliance (ILAL) in the open market at any time, including before, during or after the Website and Information, to provide public dissemination of favorable Information about International Land Alliance (ILAL). Read our full disclaimer here.