Should You Add These Penny Stocks To Your Watch List Right Now?
Are you looking for more penny stocks to buy? The last few weeks certainly justified why these cheap shares are becoming so valuable. Where else can you invest a small sum of money and watch it double (or more) within a week or even a day?
While these types of moves can happen with large-cap companies, small- and micro-cap stocks have reigned supreme. The broader markets can drop 5-10%; even more. But I’m sure you’ll be able to find at least a handful of stocks under $5 making new highs at the same time.
This week we’re seeing some mixed sentiment and that might be a good thing. The reason behind that is volatility tends to spark more volatility and nothing’s more volatile than a penny stock. However, as I’m sure you know, not all penny stocks produce big gains and some may even end up becoming huge losers too.
[Read more] 4 Penny Stocks To Buy For Under $4 For Now
Considering the risks involved, it’s important to understand how to trade the stocks first. Managing risk is one of the main things to get a handle on. This involves a strong psychology of trading, being able to cut losing trades quickly, and maintain winning positions longer. While there are many different strategies you can take, one of the most popular is “tiered trading”. This involves buying and selling at different levels “on the way up”. I won’t get into the full details of tiered trading in this article. But if you’d like to learn more about it, there’s a whole course on it to check out.
Once you’re comfortable trading penny stocks, it’s time to make your list. Will any of these be on it in August?
Top Penny Stocks To Watch: Boxlight Corporation
Boxlight Corporation (BOXL Stock Report) has been on our lists of penny stocks to watch for over a month now. On July 12th we started to follow a trend of speculation with the company. Specifically, we talked about more reliance on technology right now could lead to an easier transition at least for the first semester. To note, BOXL stock is up more than 120% this quarter.
Boxlight released its MimioConnect earlier this year. This is the company’s cloud-based teaching and learning platform delivering remote and blended classrooms. The company also brought on some new talent. The company appointed R. Wayne Jackson and Charles Amos as independent members of its board of directors. In particular, Amos served as the CEO of GuideK12, a K-12 education-focused data analytics company. GuideK12 was acquired by Forecast 5 where Mr. Amos now serves as Senior Managing Director.
We also saw Boxlight announce a one year contract extension with Atlanta Public Schools. This week BOXL stock is back on the move after another key update. On August 12th the company announced a strategic deal with Samsung Electronics. The deal will see the two partnering to bundle classroom displays, software, and professional development for the education market.
Chris Mertens , Vice President Sales, Display Division, Samsung Electronics America . “Through our partnership with Boxlight, Samsung is proud to usher in the next generation of education tools. Samsung and Boxlight solutions offer educators endless productivity possibilities by condensing multiple tools and innovations required for lessons as part of the education bundles that will be available later this year.”
Top Penny Stocks To Watch: Aerpio Pharmaceuticals
Earlier this week, Aerpio Pharmaceuticals (ARPO Stock Report) was on the radar. But that wasn’t the first time we talked about the company. Like BOXL, ARPO stock has been one to watch for quite some time. Since mid-May we’ve seen Aerpio execute on several initiatives, which has translated favorably in the market so far.
In late-June, for instance, Aerpio began patient enrollment in its Phase 2 trial in patients with elevated intraocular pressure associated with open-angle glaucoma or ocular hypertension. Then, earlier this month, the company announced an agreement was reached to evaluate razuprotafib in a new randomized, investigational trial.
All of this and more has culminated into the rally ARPO stock experienced over the last few months. One of the “risks” that was identified was the company was about to report earnings this week. Why was that listed as a risk? Aside from COVID-related slowdowns, small biotech companies don’t typically have much by way of revenue. So the majority of the sentiment stems from management’s discussion on operations. Investors want to understand the outlook and general cash position and know the company can sustain itself.
Wednesday Aerpio released its Q2 update. Revenue came in at $15.0 million for the three months ended June 30, 2020. This was attributed to a one-time payment in connection with the amendment to its license agreement for GB004 with Gossamer Bio. As of June 30, 2020, cash and cash equivalents totaled $44.9 million, a increase compared to $38.5 million as of December 31, 2019. Can these results and recent developments this quarter indicate a higher move for ARPO stock this year?
Top Penny Stocks To Watch: Inpixon
Inpixon (INPX Stock Report) is another name you’ll likely come across in your search for penny stocks today. Similar to the other two, INPX stock has been a frequent name on our list of penny stocks. In fact, like ARPO, INPX stock hit the watch list toward the middle of May. The company had reported Q1 results as well as the availability of a new product, its Workplace Readiness Dashboards™. Inpixon is also working with Lenovo as an authorized reseller of Inpixon Workplace Readiness™ solutions.
Fast-forward to this month and we’ve seen more action from the company. Last Friday’s aftermarket momentum came from something other than company headlines. Inpixon shares traded higher after the close as the FCC approved the company’s ultra-wideband module. That FCC information was formally announced by the company this past Monday. So it obviously pays to research and find things like that in real time.
This week the company is scheduled to report its next round of earnings. On August 13, 2020, it will discuss financial results after the market close. Inpixon also plans to give a corporate progress update. As with Aerpio, earnings can be a big potential catalyst and that goes for a move in either direction. Favorable outcomes tend to bode well for positive moves in price. Less favorable outcomes tend to see the opposite. If INPX is on your list of penny stocks, what are your expectations for Thursday’s results?