7 Penny Stocks to Watch in July 2021
With July right around the corner, which penny stocks are investors adding to their watchlists? Right now, there is plenty for investors to consider when it comes to finding penny stocks to buy. This includes the pandemic coming to an end, fears of long-term inflation, and overall anxiety about the direction of the market. But, following an encouraging speech from Fed Chair, Jerome Powell, investors seem to be confident in the future of the stock market.
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So in July, many are checking out biotech penny stocks, tech penny stocks, blockchain penny stocks, and a few others. These are just a couple of examples of popular industries to consider right now. With all of this in mind, let’s take a look at seven hot penny stocks to watch in July 2021.
7 Penny Stocks for Your July Watchlist
- Limelight Networks Inc. (NASDAQ: LLNW)
- Qudian Inc. (NYSE: QD)
- Gran Tierra Energy Inc. (NYSE: GTE)
- Meten Edtechx Education Group Ltd. (NASDAQ: METX)
- Predictive Oncology Inc. (NASDAQ: POAI)
- GEE Group Inc. (NYSE: JOB)
- Zomedica Corp. (NASDAQ: ZOM)
1. Limelight Networks Inc. (NASDAQ: LLNW)
Limelight Networks Inc. is a tech company working in the content delivery industry. This includes tools for clients that work to optimize digital delivery experiences. These clients work in industries such as live sporting events, movie launches, video games, apps, and more. Its team includes a variety of industry experts providing edge services swiftly and reliably. In its first-quarter 2021 financial report, the company posted some solid progress over the previous quarters.
CEO Bob Lyons stated that “as anticipated, our first quarter was challenging from a top and bottom-line perspective. That said, I am confident that we are now on the right path to achieve success. Our three-pillared strategy of improving the core, expand the core, and extend the core is serving as our playbook to transform the company and improve execution, profitability, and accelerate growth.”
Financially, the company pulled in revenue of around $51.2 million, while albeit being down by 10% over Q1 2020. Additionally, its non-GAAP net loss came in at $11 million or $0.09 per share. With all of this in mind, will LLNW be on your penny stocks watchlist?
2. Qudian Inc. (NYSE: QD)
Up by around 8% at midday are shares of Qudian Inc. To understand the company, let’s take a look at its recent Q1 2021 financial report, posted only a few days ago. Total revenue for the company fell by around 46% over the same period last year. However, it managed to increase its transaction service fee from a loss of around $20 million to a positive $7.7 million. Additionally, its sales income increased to $9.5 million, and interestingly enough, its operating costs decreased by a staggering 96%.
“In the first quarter of 2021, we continued to execute a prudent operational strategy related to our cash credit business amid an evolving regulatory environment while making significant strides to advance our early childhood business initiative. Our stringent credit risk control measures further improved our asset quality, evidenced by the continued decrease of the D1 delinquency rate for our loan book business.”
CEO and Founder, Mr. Min Luo
Qudian operates a tech platform that engages in the online consumer finance market in China. It offers lines of credit to millions of young individuals in China, that do not have access to standard credit lines. With the pandemic ending globally, Qudian could continue to see its numbers increase in the coming months. With this in mind, it could be worth considering for your list of penny stocks to watch.
3. Gran Tierra Energy Inc. (NYSE: GTE)
Another solid gainer of the day is Gran Tierra Energy Inc., pushing up by around 5% at midday. As its name implies, GTE is an energy company working in the oil and natural gas exploration industry. It finds and processes these resources in Colombia and Ecuador, and is actively pursuing other opportunities in the industry. After protests in Columbia a month or two ago, many investors thought production may slow at some of its facilities. However, the company stated that it should not be too large of an issue.
And, at the beginning of the month, Gran Tierra reported the results of its semi-annual credit facility redetermination and voting results from its annual stockholder meeting. While these updates may not seem like much, for investors, any update is one of consequence. And if we consider how fast penny stocks move, we see that large speculative jumps and declines are almost always caused by industry-specific or company-specific happenings.
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Because of this, updates, no matter how big or small, are always worth paying attention to. Considering the growth of the oil industry and heightened demand as the pandemic ends, many believe that energy penny stocks could benefit in the coming months. Considering this, will GTE be on your penny stocks watchlist?
4. Meten Edtechx Education Group Ltd. (NASDAQ: METX)
Meten Edtechx Education Group is a company we’ve been covering for quite some time now. This penny stock is known as a leader in the ELT service providers market in China. It specializes in providing language lessons for English to both Chinese students and later life professionals. Because China engages in large international business operations, many students and professionals use English daily.
METX provides its services through an online digital platform. Because of this, its sophisticated system can reach students everywhere with the addition of a large nationwide network of learning centers. As a company, it offers its services through three leading brands known as Meten, ABC, and Likeshuo.
Meten targets adults and juniors seeking ELT services, while ABC is primarily purposed for juniors. Likeshuo is its online ELT program, offering remote teaching to students far from any learning center. The AI-centered platform is known for its novel technology and is one of the main reasons for the success of METX.
As the COVID-19 pandemic took hold of in-person teaching, companies such as METX were still able to perform. In fact, it recently announced that its student enrollment and subsequent gross billing increased by 247.8% in May of 2021. This has many investors excited and continues to be a major draw for the company. Considering this, METX could be worth keeping an eye on.
5. Predictive Oncology Inc. (NASDAQ: POAI)
Another penny stock worth checking out is Predictive Oncology. This company is run through three distinct segments Skyline, Helomics, and Soluble Biotech. Its four contained subsidiaries within these segments, Helomic’s Tumorgenesis, Skyline Medical, and Soluble Biotech, all work in the biomedical technology industry. This large conglomerate contains many facets to its business.
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For example, Helomics, one of its building blocks, uses AI technology for optimizing personalized cancer therapies. By combining a rich data set that has been gathered from patient tumors, known targeted therapies can be implemented in treatment. This is a relatively new field in the fight against cancer and POAI is at the forefront of it. TumorGenesis also specializes in cancer therapy, providing researchers with better tools for advancing their studies in cancer.
Along with this, POAI also has its Skyline Medical division, which is a business that works in the measurement and disposal of waste fluid. This includes blood, irrigation fluid, and a variety of other substances. Medical disposal is an important component of the industry as a whole, yet it is easily overlooked. This is because the primary focus is on finding medical solutions rather than helping with day-to-day operations.
This is one of the reasons why many are looking towards POAI as a potential penny stock to watch. It has grown by around 40% in the past six months, coming back from an earlier slump in its prior years. Investors see this as an opportunity to find a penny stock at a low price, with the hopes of a potential future rally. Whether this makes POAI stock worth buying, however, is up to you.
6. GEE Group Inc. (NYSE: JOB)
The next penny stock on today’s list is a company that specializes in staffing solutions. The GEE Group has been in business since 1893 and is the provider of services to the employment market. JOB operates in two industry segments, and while related, have very distinct business models. Its staffing services provide professional solutions in the information technology, engineering, finance, and accounting specialties. The other segment is its commercial staffing service which operates through different SNI brand names.
With multiple specialties covered, JOB makes sure to find the right candidate for each position. This means that its broad range of experience in the staffing business makes it a leader in the sector as a whole. Trust and reliability go a long way in the business world and GEE has it all.
Currently, JOB is sitting at a low of around $0.55. This price was seen in June of last year and it grew to near $1.90 in the following months. Penny stocks go through fluctuations just as any stock does, however, they are typically more exaggerated. Looking at the price point now, it’s clear that JOB stock is highly volatile. With a reopening economy, JOB will be back in business. This will also be coupled with penny stocks investors who buy during consolidation and pullback periods such as the current one. How do you think JOB will do in the coming months?
7. Zomedica Corp. (NYSEAMERICAN: ZOM)
The last penny stock on today’s list is Zomedica Corp. This is a penny stock we have been talking about for weeks due to the high growth it has seen in the past YTD. With an increase of over 156%, ZOM saw a pullback recently which is a result of the natural ebb and flow of the market. ZOM holds a reported portfolio of $62 million in cash, which means it should have ample funding for the foreseeable future.
This company is also dependent on a reopening economy, which is predicted to come in the next few months. ZOM ‘s business is built immensely on in-person vet visits which have been sustainably lower than typical years because of the COVID-19 pandemic. Speculation of increased in-person business however has many investors buzzing about a potential stock price rebound. And, the number of domesticated animals owned in the U.S. has increased dramatically during the pandemic.
Truforma, one of its staple products, is a diagnostics platform that provides veterinarians with faster and more accurate data for generating a diagnostic profile. Specifically, Truforma is aimed at adrenal and thyroid disorders, common ailments of companion animals. Many growth investors are jumping on smaller cap stocks such as ZOM because of the high volatility and speculative potential growth. What do you think of ZOM as a penny stock? Will you be adding it to your watchlist these next coming months?
Which Penny Stocks Are You Watching?
By making a penny stocks watchlist, investors can effectively stay ahead of the game. And because penny stocks move so fast, being the first on the scene will always be a major benefit.
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While it is difficult to accurately predict price action, having a trading education and access to real-time news will always put you ahead of the curve. Considering all of this, which penny stocks are you watching?
