Will These Penny Stocks Continue to Push Up As 2021 Progresses? 

As penny stock investors continue to search for value in the market, which industries are seeing the most attention? For starters, we have penny stocks related to the pandemic. This could be reopening penny stocks or any industry that is benefitting from Covid-19. 

Over the past year, everything from biotech to entertainment has bounced back from lows seen in early March of last year. Because of this, many investors believe that these industries could see continued bullish sentiment in the coming months. 

Next on the list is tech penny stocks. These companies also have a close relation to Covid for a few reasons. For one, many tech companies have benefitted from the widespread stay-at-home orders. 

Also, we have seen the trend of work-from-home, help to drive a large number of tech stocks up in value. While this is not a be-all-end-all list, it should help to give a place to start driving inspiration for creating a penny stock watchlist

At the end of the day, it all comes down to what your investing style is and how that plays into the volatility you want to have in your portfolio. For example, if you are investing in the short term or swing trading, you most likely will want to find more volatile penny stocks. Regardless, finding penny stocks on Robinhood can be easy if you have the right tools at your disposal.

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However, if you are looking for a penny stock to buy in the long term, high volatility may work against you. Considering this, let’s take a look at three penny stocks for your Thursday watchlist. 

3 Penny Stocks to Watch Right Now 

SOS Ltd. (NYSE: SOS)

SOS is a penny stock you might be familiar with if you’ve been watching the cryptocurrency industry. Before we get into it, let’s discuss its operations wholly. SOS is a big data marketing and solutions provider that has recently stepped into the cryptocurrency and blockchain market. Outside of this, it works in cloud-computing, satellite, AI, and 5G services. Additionally, SOS Ltd. offers a software-as-a-service platform for emergency rescue services. 

With its rescue-services platform, it operates in three sectors; basic cloud, cooperative cloud, and information cloud. This product can be used in industries such as healthcare, financial, security, auto manufacturing, and those in the emergency rescue industry. 

This week, the company announced that it had entered into an agreement to purchase 575 cryptocurrency mining rigs to mine Ethereum (ETH). With these mining rigs, it will have enough power to mine 400 GH of ETH hash rate. While it won’t receive the mining rigs until April 30th, this prospect could be a big deal for the company as there is a worldwide shortage of crypto-mining equipment. 

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Regarding this, CEO Mr. Yandai Wang, stated that “we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond.” Considering the recent rise in popularity of cryptocurrency, is SOS a penny stock to watch?

Penny_Stocks_to_Watch_SOS Ltd. (SOS Stock Chart)

Greenpro Capital Corp. (NASDAQ: GRNQ) 

Greenpro Capital is a company that you might be familiar with for its role in NFTs. If you’re not, let’s talk about its other business operations. GRNQ works as a business incubator, with a large portfolio of diversified holdings. This includes assets in the technology, banking, and more recently, its CryptoSX licensed crypto exchange. 

Through these assets, it provides a large range of services including trust and wealth management, business solutions for cross-border transactions, VC-funding, FinTech, and more. Early in pre-market on April 22nd, Greenpro announced that it had acquired $16 million in non-fungible tokens or NFTs. The deal contains 7,700 NFTs depicting the 1957 Sputnik satellite launch, sold by Millennium Fine Art Inc. 

The CEO of Greenpro, Dr. CK Lee, stated that “we are thrilled to acquire this valuable exclusive NFT series which will not be sold or available anywhere else. We are planning a series of corporate actions around this unique NFT series.” One of GRNQ’s primary businesses focuses on blockchain and fintech. While this is a relatively new market, NFTs have risen greatly in popularity over the past few months. 

Alongside this, the value of the NFT market continues to rise every day. So with this big move made early in the day, we see Greenpro’s commitment to innovating and continuing to add value to its business. 

Only a month earlier, it announced a strategic collaboration agreement with iBizzCloud AI-Robotax to cross-sell to each other’s customers. This should help to add another layer of international business to Greenpro’s market. Considering these big advancements, should GRNQ be on your penny stock watchlist? 

Penny_Stocks_to_Watch_Greeenpro Capital Corp. (GRNQ Stock Chart)

SeaChange International Inc. (NASDAQ: SEAC) 

SeaChange International operates a range of cloud platforms, offering live TV, video-on-demand, and end-to-end solutions for direct-to-consumer streaming. Additionally, it provides the tools necessary for companies to monetize and curate content across a variety of entertainment platforms. 

The company states that millions of users touch its technology regularly, around the world. And, with its device platforms like smart-tv’s, mobile devices, and set-top-boxes, the company has been able to maximize its potential market share. Last week, SEAC announced its fiscal fourth quarter and full-year 2021 financial results. 

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During the quarter, the company managed to lower its operating expenses year-over-year by more than 54%. This is due to the large emphasis on efficiency in its business model.

“Over the last three months, we have been laser-focused on aggressively implementing our long-term strategic roadmap, which is designed to drive scale, capture market share, and create even greater value for both our customers and shareholders.” 

Robert Pons, the Executive Chairman of SeaChange

In addition to this, on April 22nd, the company announced that Robert Pons had purchased 100,000 shares at an average price of $1.04 per share. This is always a good sign as it shows institutional and insider confidence in a company’s business model. With all of this in mind, is SEAC stock worth watching?

Penny_Stocks_to_Watch_SeaChange International Inc. (SEAC Stock Chart)

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