What Can These 3 Penny Stocks Offer Retail Investors?
With 2021 well on its way, retail investors are still looking for another round of hot penny stocks to buy right now. If we consider current events such as the Biden Presidency, jobless claims, stimulus, the pandemic, and more, we can begin to find cheap stocks that may be worth watching. Before the dawn of the internet, retail investors were at a disadvantage compared to institutional investors simply by not having enough information.
Now, however, the internet can provide all investors with the insight needed to make a decision. Before we move to the research stage, investors should first consider the cause and effect of various current events. For example, the pandemic has lead to a surge in investors’ interest surrounding biotech penny stocks. Additionally, the Biden Presidency means that things like electric vehicle and renewable energy penny stocks could see a boost.
Now, there are two types of investors/traders out there. The first is the ones that work off of short term surges in volatility. This is is more optimal for day and swing trading. The second is basically, formal investors for those who look at long term sentiment. Both of these strategies can pay off, but no matter which one you are, the goal is the same: make money and repeat.
Hot Penny Stocks To Watch
- Acasti Pharma Inc. (ACST Stock Report)
- Phunware Inc. (PHUN Stock Report)
- IZEA Worldwide Inc. (IZEA Stock Report)
Regardless of what type of trader or investor you are, there are plenty of opportunities out there. With so much bullish sentiment in the stock market here are 3 hot penny stocks to watch right now.
Hot Penny Stocks to Watch: Acasti Pharma Inc.
Acasti Pharma Inc. is one of the bigger gainers of the day on January 8th. During trading, shares of ACST stock shot up by around 20% to $.054 per share. For some context here, ACST is currently working on several Phase 3 clinical trials. Right now, its trials are focused on its Trilogy 1 and 2 drugs. These drugs are utilized in the treatment of hypertriglyceridemia. In addition to this, a few months ago the company announced that it had engaged Oppenheimer and Co Inc. to assist in a review of ACST’s business model. The goal with this is to research the potential of a merger or acquisition that could occur in the future.
Jan D’Alvise, CEO of Acasti states that “we remain committed to maximizing value for our shareholders, and as previously disclosed, we are actively exploring and evaluating a range of strategic options.”In its latest financial report pertaining to Q2 2021, the company stated that it brought in a net loss of around $6.1 million or $0.06 per share. This is much lower than the $0.25 per share loss it took in in the same quarter of the previous year. One thing for investors to keep in mind is that because ACST stock is priced so low, it is subject to quite a bit of volatility. But for those short term swing traders, this could be a focus. With all of this in mind, is ACST on your list of hot penny stock to watch right now?
Hot Penny Stocks to Watch: Phunware Inc.
Phunware Inc. is a U.S. based provider of mobile application software, location tracking and advertising platforms. The company states that produces Multiscreen-as-a-service or MaaS platforms. These platforms utilize the cloud in order to offer data solutions and monetization potential to companies working in the digital space. Phunware states that its platform sees more than one billion devices per month which is quite substantial. As a tech company, PHUN stock is somewhat immune to the ups and downs of the pandemic.
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This is because tech has managed to come out on top during the pandemic. On Thursday, January 7th, Phunware announced that it has doubled its location-based software coverage for the Baptist Health infrastructure in Florida. Alan Knitowski, CEO of Phunware states that “Baptist Health South Florida’s leadership is further raising the bar for digital transformation in healthcare, truly tech-enabling the entire patient experience at their facilities.”
While this may not seem like a big deal, it has the opportunity to potentially create a domino effect. Healthcare is one of the major markets that Phunware is currently working in. And, if it can revolutionize the way that tech works in a healthcare setting, Phunware could be in an advantageous position. Of course, this is only one medical facility, but the implications interesting. In addition, Phunware could work to further its business in the healthcare sector if all goes well.
Hot Penny Stocks to Watch: IZEA Worldwide Inc.
IZEA Worldwide Inc. is another big gainer on January 8th. During the day, shares of IZEA stock shot up by around 17% to $2.13 per share. IZEA Worldwide operates as an influencer marketing platform that can help in all aspects of online marketing. The company began over a decade ago, and has since worked to provide the backbone for influencer marketing on a variety of platforms.
In November, the company finally launched its platform known as Shake. This platform is a sort of Amazon for influencers to utilize in order to direct sales and produce income. Around the world, advertising online is worth around $600 billion according to a report done by emarketer.com. In addition, advertisers spent roughly $10 billion on influencer marketing by the end of last year.
While IZEA is still working to gain market share, its Shake platform could revolutionize its business model. If it is able to receive even 1% of the global market share on influencer marketing, that would add up to around $100 million in revenue. Obviously, this is a long shot given that IZEA stock only has a market cap of around $50 million right now. But, this is a perfect opportunity for long term investors to take note of.
Now, it may take some time before the fruits of IZEA’s labor pay off. However, with influencer marketing only ramping up in the past few months, IZEA stock could be one to watch right now.