4 Penny Stocks For Your Reopening Watchlist

Today marks an exciting moment for reopening penny stocks. This term refers to the companies that suffered during the pandemic due to quarantine regulations but are now benefiting from economic reopening. These are businesses that rely on in-person consumer revenue such as food, retail, and activities or those that have seen revenue increase directly from the pandemic.

As of June 15th, California and New York no longer require masks for vaccinated individuals. This is a momentous occasion as typically many states look to California and New York as two of the largest economies in the nation. Additionally, these economies include industries such as tech, agriculture, finance and more.  

A reopening economy means many things, but as investors, it is an important time as there are now opportunities to seek out potential forward value. As more and more people are willing to go out without a mask, we could see the light at the end of the tunnel. There are a couple of things to keep in mind when it comes to investing in penny stocks for reopening. 

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One of the most important aspects is that there are still a lot of unknowns about the future. While profits are possible with reopening penny stocks, it is impossible to predict how quickly and how widely things will reopen. High volatility, as well as high volumes, can make stock prices fluctuate over the course of any given trading day. And while this is common with penny stocks, adding in the layer of reopening makes volatility even higher. However, large fluctuations are one of the main reasons investors tend to like stocks under $5.

The next aspect to consider when trading reopening penny stocks is speculation. It is well known that the stock market moves up and down because of events, economic moves, world and industry-specific news, and more. If investors think a penny stock will do well in the upcoming year, sentiment can change very quickly.

If there is not a lot of future hope for profitability then a business may see the opposite occur. While this should not serve to scare you out of investing in penny stocks, it should help to show what you could be getting into. Given all of this, here are four reopening penny stocks for your June 2021 watchlist.

4 Reopening Penny Stocks To Watch Right Now

  1. Digital Brands Group Inc (NASDAQ: DBGI)
  2. Toughbuilt Industries Inc (NASDAQ: TBLT)
  3. Uranium Energy Corp. (NYSE: UEC
  4. Dogness Corp (NASDAQ: DOGZ)

Digital Brands Group Inc (NASDAQ: DBGI)

Digital Brands Group is an apparel company that offers a large variety of brands through direct-to-consumer and wholesale strategies. Its business model comes from its digitally native-first vertical brand which is e-commerce driven. E-commerce was a large part of this past year as consumers took to the internet to buy goods. With businesses closed to in-person shopping, many had to rely on online sales. While this is still a strong source of income, a large number of businesses still rely on in-person sales.

As a vertically integrated brand it controls not only distribution and product sourcing from third-party manufacturers, but it also sells directly to the final consumer. This is done through leveraging data that DBGI owns and uses to target specific audiences. By expanding into an omnichannel brand, DBGI can now offer its styles offline as well as at selected retail storefronts and wholesalers. This gives it the widest breadth of options for its market.

Recently, Digital Brands announced its plan to acquire Elevated Basics Brand Stateside. This could help DBGI to continue growth in both online and offline markets. And, this comes at the perfect time with a reopening economy on the horizon.

Hil Davis, DBGI’s CEO, commented, “The acquisition of Stateside is a validation of our recent IPO and our vision and strategy to grow our brand portfolio, revenue, and cash flow through acquisitions. We believe the Stateside brand will increase DBG’s 2021 revenue while also driving near and long-term shareholder value.” Considering all of this, will DBGI be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Digital Brands Group Inc. (DBGI Stock Chart)

Toughbuilt Industries Inc (NASDAQ: TBLT)

ToughBuilt Industries is a company that sells innovative products meant to help people “build faster, build stronger, and work smarter.” Pushing up by more than 20% in the past month, TBLT stock is showing strong bullish investor sentiment. Many investors are showing excitement with this growth, as TBLT has outperformed some competitors this year.

And, this growth also reflects the hype around Toughbuilt Industries as a reopening penny stock. As of May 20th, revenues were up 44% higher than predicted analyst models, coming in at a whopping $12 million. This is important as many retailers saw declines in revenue during the past year or so.

As a company, TBLT produces advanced construction-related products with original designs and high-quality manufacturing. It operates in the hardware product realm, with an emphasis on new and improved tools. Precisely, TBLT specializes in making tools and other accessories for professionals as well as do-it-yourself-type customers. Since its inception in 2013, the company has grown tremendously and has progressed its very strong product line.

This includes three categories such as soft goods and kneepads, sawhorses and work products. TBLT focuses on its mission to provide products that are of superior quality and cutting edge. This makes the company innovative and competitive, building up brand loyalty with its clients while also improving end-users well-being. 

As a tools company, TBLT thrives off of in-person sales as well as face-to-face customer interactions. With the economy allowing for in-person businesses to resume, and home improvement at all-time highs, TBLT could continue to perform above expectations. With this in mind, is TBLT worth keeping an eye on for the near future?

Penny_Stocks_to_Watch_Toughbuilt Industries Inc. (TBLT Stock Chart)

Uranium Energy Corp. (NYSE: UEC) 

Another reopening penny stock to watch is Uranium Energy Corp. This company is a U.S.-based uranium company that operates in the mining and exploration industry. It is located in South Texas and works alongside many others to fully process its raw materials. UEC is managed by a large group of experienced professionals, all of whom are well known in the industry. When it comes to uranium exploration, development, and mining, hands-on experience is a requirement.

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UEC is a leader in the uranium mining sector and controls the largest database for uranium exploration. This gives the company an advantage when it comes to exploring properties in the southwestern U.S. Additionally, its well-financed positions allow it to persistently pursue key development projects. 

Much of UEC’s business in the U.S. is focused on property acquisition. Its properties are located primarily in Texas, New Mexico, Colorado, Arizona, and Wyoming. In the past year or so, the global emphasis on clean energy has put a major exclamation mark on uranium. As a clean energy source with unlimited potential, uranium could be the way of the future.

Looking into the future, UEC is in a favorable position moving forward. This is because the global demand for uranium is increasing substantially. Not only does uranium offer clean energy solutions, but it also provides much cheaper energy and more efficient method of producing energy. Given all this, what do you think of this pick for your reopening penny stock watchlist? 

Penny_Stocks_to_Watch_Uranium Energy Corp. (UEC Stock Chart)

Dogness Corp (NASDAQ: DOGZ)

The last reopening penny stock on this list is Dogness Corp. Founded in 2003, DOGZ came from humble beginnings, where to this day, the core belief is that dogs and cats are considered family members. This company specializes in commodities for dogs and cats, specifically wellness and leash products.

The purpose of its products is to enhance the relationship between an animal and its owner by offering unique and high-quality items. Over the pandemic, the rate of companion animal adoptions has increased dramatically. People finally have time to take care of a pet and be at home with that animal. Because of this, DOGZ stock is up by over 26% in the past year alone. 

In terms of its operations, DOGZ is now a leader in the industry and operates through a vertical supply chain, and world-class research and development. This hard work has led to over 200 patents and patents pending. Holding this many patents is an extremely impressive feat, especially now, considering the pandemic and its effects on business. DOGZ is now a worldwide operation, supplying global chains, stores, and distributors. 

Today, DOGZ announced that it has officially delivered more than 3000 of its programmable dog and cat feeders. It also approximates that another 1000 units will be expected to be delivered in the next two weeks. 

“Our team continues to do an excellent job navigating the challenging global supply chain and logistics. We are working closely with our customers and partners to ensure we have the availability of the right inventory to support demand over multiple quarters.

Being able to support the needs of an important customer like Petco underscores our commitment and ability to fulfill large-scale orders on schedule. This reliability is critical as we continue to drive growth over the near and long-term.”

Silong Chen, CEO of Dogness

As a reopening penny stock, what do you think of DOGZ for your June and July watchlist? 

Penny_Stocks_to_Watch_Dogness Corp. (DOGZ Stock Chart)

Reopening Penny Stocks Could Show Forward Momentum 

As June flies by, investors are searching for the best penny stocks to watch. This is not an easy feat as finding the best penny stocks to buy can be challenging. However, with the right research on hand and a commitment to learning to trade, it can be much easier than previously imagined.

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With 2021 more than halfway done, the time is now to find reopening penny stocks that could be longer-term winners. Considering this, which penny stocks are on your watchlist right now?

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