4 Penny Stocks With Big Gains in 2021
As penny stock investors move into the latter half of the year, there’s no doubting that 2021 has been a wild ride. With the pandemic still in swing, cryptocurrency reaching new heights, and long-term fears of economic inflation abound, it’s easy to see why penny stocks have been so volatile.
But, when the stock market is volatile, there is plenty of opportunities to be had with the entire list of penny stocks. Investors need to consider all of the different aspects that are affecting the market right now. Because penny stocks are so volatile, prices can fluctuate greatly depending on the day and the world news.[Read More] 5 Penny Stocks on Reddit For Your June 2021 Watchlist
The next thing to consider is what type of investor you are. Are you looking for a short-term penny stock to buy and one that could make large intraday swings? Or, are you more in it for the long term and looking for a penny stock that could break out of the under $5 territory.
Both of these strategies can be valuable, but it all depends on your level of commitment to education and understanding how to identify trends in the market. While it may seem complicated, it is much easier when put into practice. Considering all of this, here are four penny stocks that you should know about.
4 Penny Stocks to Watch With Big Gains This Year
- Oriental Culture Holding Ltd. (NASDAQ: OCG)
- Tyme Technologies Inc. (NASDAQ: TYME)
- CarLotz Inc. (NASDAQ: LOTZ)
- Abeona Therapeutics Inc. (NASDAQ: ABEO)
1. Oriental Culture Holding Ltd. (NASDAQ: OCG)
Oriental Culture Holding Ltd. is an e-commerce penny stock that is based in China. E-commerce has been a big focus in the last year because of the pandemic and the lack of access to in-person shopping. But what does Oriental Culture do?
This is a company that operates an online platform for facilitating e-commerce artwork trading. It lets both individual and institutional art collectors buy various collectibles, artworks, and commodities on its platforms.
Additionally, itt is involved in NFTs or non-fungible tokens which is helping it to gain more market attention. NFTs are one-of-a-kind digital methods of ownership that can be applied to everything from art and music, to trading cards and more. The technology is powered by blockchain and has become very popular in 2021 so far. As an online artwork and collectible trading company, it has a head start when it comes to a market presence
“The online artwork and collectible trading markets will continue to attract strong investor interests as investor and collector confidence grows with the rise of China’s economy and the middle class. OCG rides on the right industry cycle and is confident that the Company’s long-term performance will benefit from the capital inflow and number of clients growth.”Chairman of The Board of Directors at Oriental Culture
While the company experienced a net loss in its most recent financial report because of the pandemic, its NFT technology could give it the boost it needs to succeed. On May 26th, OCG stock is up nearly 30% in the market. Will you add this company to your list of penny stocks to watch?
2. Tyme Technologies Inc. (NASDAQ: TYME)
Biotech penny stocks like Tyme Technologies Inc. have been performing very well throughout the pandemic. This company in particular develops cancer metabolism-based therapies such as SM-88, a Phase II/III clinical compound that could treat up to 15 different types of cancer.
It also has TYME-18 which is a CMBT compound in the preclinical stage for treating solid tumors. Currently, Tyme has a collaboration with NYU Langone Health to research metastatic cancer treatment.
Tyme has a lot of upcoming events that could affect its stock price. First of all, it announced that its abstract featuring data from SM-88 has been selected for publication at the American Society of Clinical Oncology (ASCO) Annual Meeting. This meeting will be held on June 4-8th. The company will also be hosting a conference call on Thursday, June 10th to discuss various business updates.
The call will include information such as its fiscal year 2021 results, conclusions from its comprehensive strategic review, and an outline of its updated business plan. This could be a great time to take a closer look at Tyme Technologies as any news is usually accompanied by corresponding price movements. With all of this in mind, will you add TYME stock to your penny stock watchlist?
3. CarLotz Inc. (NASDAQ: LOTZ)
Next up on this list of penny stocks to watch is CarLotz Inc., which has been trending upwards in the market. If you have not heard of CarLotz yet, it is a consignment to retail vehicle marketplace. It sells used vehicles at retail and also has corporate vehicle sourcing partners. This includes fleet leasing companies, rental car companies, banks, and private businesses.[Read More] 3 Biotech Penny Stocks To Watch That Analysts Are Bullish On Today
On May 26th the company provided an update on its profit-sharing sourcing partner arrangement as well as a new updated 2021 outlook. Its revenue outlook significantly dropped because of its sourcing partner pausing consignments.
While this may not seem like great news, this is similar to what we’ve seen from many businesses during the pandemic. Despite this, in the first quarter of 2021, the company had record revenues and retail unit sales. Considering this mostly positive news, LOTZ stock could be an interesting addition to your watchlist.
4. Abeona Therapeutics Inc. (NASDAQ: ABEO)
Abeona Therapeutics Inc. is a biotech penny stock that develops gene and cell therapies for life-threatening genetic diseases. One of its main programs is EB-101 which is an autologous gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa. Another one of its lead candidates is ABO-102 which is an adeno-associated virus-based gene therapy for Sanfilippo syndrome.
Just one week ago the company reported its first-quarter financial results. Its cash and cash equivalents fell from $95 million to $68.8 million quarter over quarter. While this seems bad on the surface, Abeona does have a lot of positive momentum in its pipeline at the moment.
“We are focused on completing enrollment in the EB-101 Phase 3 pivotal VIITAL™ study, gaining clarity on a regulatory path for ABO-102 in MPS IIIA, producing the first lot of Abeona-produced clinical grade product for ABO-102, and reporting additional neurocognitive and biomarker data from both the ABO-102 Transpher A and the ABO-101 Transpher B studies.”CEO of Abeona Therapeutics, Michael Amoroso
On May 26th the company released a letter to stockholders providing company updates and a positive outlook. Considering that ABEO stock is up by around 10% on May 26th, will you add it to your list of penny stocks to watch?
Can Penny Stocks Continue to Push Up?
Despite the bearish trends we’ve witnessed with penny stocks in the past month, this year has been quite strong. Now, it’s worth considering everything a company has to offer both now and in the future, when deciding whether or not to put it on your watchlist.[Read More] Penny Stocks And Cryptocurrency, Which Small-Caps Should You Watch?
But, with thousands of penny stocks to watch, there are plenty to choose from. As we move into the second half of the year, investors need to stay up to date with the current market trends. This is the best way to attempt to identify value with certain penny stocks. Considering this, can penny stocks continue to push up?