Are These Robinhood Small-Cap Penny Stocks Worth It?
When searching for the best penny stocks to buy, it’s easy to start by looking at some of the largest gainers. While this can be a good strategy off the bat, it often does not take into account other penny stocks that may not be as popular at the moment.
So, as we move into next week, it’s important to consider what’s going on in the world right now. And in 2021, there are a few things to keep track of. First and foremost is the ongoing pandemic.
While things have lessened substantially in the U.S., Covid is still in around. But, this has opened the door for many reopening penny stocks to see solid gains. Additionally, many biotech penny stocks have also benefitted greatly.[Read More] 4 Penny Stocks On Robinhood To Buy Under $1; 50%-270% Price Targets
Next, we have the effects of shortages on microprocessors around the world. This has resulted in decreased supply of everything from electric vehicles to normal cars and technology products.
So, while this is not a be-all-end-all list, it should be a great place to start for anyone looking to make a proper watchlist. With all of this in mind, let’s take a look at three Robinhood penny stocks to watch next week.
3 Robinhood Penny Stocks to Watch
- MICT Inc. (NASDAQ: MICT)
- Sio Gene Therapies Inc. (NASDAQ: SIOX)
- Creative Realities Inc. (NASDAQ: CREX)
1. MICT Inc. (NASDAQ: MICT)
On Friday, May 21st, shares of MICT pushed up significantly. This is presumably on the fact that it will be releasing its first-quarter financial results on May 24th in pre-market. Often, when a company announced that it will be releasing financial data, its share price can either go up or down depending on investor sentiment. So ahead of this, let’s take a look at what the company does.
MICT is a tech stock, working in several unique markets globally. It operates through its subsidiaries, GFH Intermediate Holdings Ltd., several VIE structures, and Micronet Ltd. GFH is a provider of trying technology for use in the global fintech market. Micronet Ltd. Is a provider of telematics services and commercial Mobile Resource Management or MRM.
It works primarily in the U.S. and Europe, providing advanced computing solutions for fleet operators or those in the field. Only a few weeks ago, Micronet announced a certification to operate its smart camera product on the T-Mobile global network.
“The certification of Micronet’s mobile smart camera to operate on T-Mobile’s network, which is one of the largest in the U.S., is an important advancement for Micronet as it validates the technology with one of the world’s leading mobile networking providers.”CEO of MICT, Darren Mercer
This is a big deal for both investors and the company. However, it also adds a layer of large-scale adoption of Micronet’s technology. So, as a cutting-edge tech company through and through, MICT Inc. could be worth keeping an eye on.
2. Sio Gene Therapies Inc. (NASDAQ: SIOX)
Moving out of the pure-play tech market, Sio Gene Therapies is a cutting-edge science-based business working to develop genetic medicines. These medicines include AV-based gene therapies for GM1 gangliosidosis and Tay-Sachs disease. These are rare, but albeit very destructive diseases with a large unmet clinical need.
The company states that it is working on expanding the reach of its compounds to potentially treat Parkinson’s and other more common ailments. This could help to push its products to millions of those suffering from these illnesses.[Read More] Tech Penny Stocks Are Heating Up, Take a Look at These 4
A few weeks ago, Sio Gene Therapies announced the presentation of its new biomarker data from the study of AXO-AAV-GM1, an adeno-associated viral vector gene therapy candidate. This data was shown at the 24th Annual Meeting of the American Society of Gene & Cell Therapy.
“AAV9 is one of the best-studied vector systems currently in development. These new 6-month CSF biomarker data are an important update to the growing body of evidence for AXO-AAV-GM1 where we now provide direct evidence of biodistribution and biochemical effect in the CNS at the lowest dose, similar to what we saw in prior translational studies with naturally occurring animal models.”Gavin Corcoran, M.D., Chief R&D Officer at Sio Gene Therapies
Because of this large body of work, it looks like Sio Gene Therapies could have a heightened chance at seeing future momentum. A lot will depend on how quickly and how large-scale its commercialization efforts occur. With this in mind, will SIOX stock be on your watchlist?
3. Creative Realities Inc. (NASDAQ: CREX)
If you haven’t heard of Creative Realities Inc., you’re probably not alone. And for that reason, let’s go into detail about what it does. Creative Realities is a tech company working to offer omnichannel technologies that result in better customer experiences. This includes products such as SaaS and support services throughout more than fifteen unique markets.
Some of those are automotive, advertising, apparel, convenience stores, gaming, theater, and more. It operates in North America mostly, but the company states that it has contracts in over ten other countries as well. Earlier in the week, CREX reported its first-quarter financials for the period ended on March 31st, 2021.
“During the first quarter of 2021, CRI generated approximately $5 million of revenue and effectively achieved breakeven operating results, which are in line with the expectations we communicated in our most recent earnings call.
We generated net income during the period of $1.3 million and, consistent with the third and fourth quarter of 2020, we generated positive EBITDA and Adjusted EBITDA, highlighting our continued focus on cost control and revenue-generating activities.”CEO of Creative Realities Inc., Rick Mills
This is an exciting prospect for the company as profitability and consistent profitability are both hard to come by. With the pandemic slowing down in case numbers, time will tell if Creative Realities can continue to build its business up. But for now, it does look like CREX is in an advantageous financial position.
Which Penny Stocks Are You Watching?
Finding the best penny stocks to watch on Robinhood or wherever you buy and sell stocks can be challenging. But, with the right tools at your disposal such as a trading education and proper knowledge, it can be much easier.[Read More] Top Penny Stocks to Buy Today? Here’s 3 to Watch in 2021
With thousands of penny stocks to choose from, making a watchlist will always be your best chance at seeing consistent success. And because of the volatility in the market right now, there are always opportunities to see gains (or losses). With this in mind, which penny stocks are you watching?