Why These Penny Stocks Are Gaining so Much Attention
It’s not uncommon to see penny stocks push up in value after big news is announced. This could be news related to the company specifically, or the industry that it operates in. Because penny stocks are so speculative, news is always incredibly important for investors to pay attention to. This allows you to stay ahead, and make decisions as quickly as the best investors out there.
While it’s not possible to know about every happening that occurs in the stock market, it is prudent to read the news daily. Because prices move so fast with the entire list of penny stocks, having access to real-time news and staying committed to your trading strategy will always be a benefit.
Considering the extraordinary world we are living in, there is a lot on the horizon to be aware of. But, market catalysts always make for interesting trading sessions. So, with this in mind let’s take a look at seven penny stocks to watch with big news right now.
7 Penny Stocks With Catalysts on the Horizon
- Globus Maritime Ltd. (NASDAQ: GLBS)
- Aytu Biopharma Inc. (NASDAQ: AYTU)
- 1847 Goedeker Inc. (NYSE: GOED)
- 9F Inc. ADR (NASDAQ: JFU)
- Kosmos Energy Ltd. (NYSE: KOS)
- Sypris Solutions, Inc. (NASDAQ: SYPR)
- Humbl Inc. (OTCMKTS: HMBL)
Globus Maritime Ltd. (NASDAQ: GLBS)
The first penny stock on this list is Globus Maritime. GLBS is a dry bulk shipping company that operates worldwide. It provides marine transportation services and has a strong portfolio of owned shipping vessels. With continued growth and reduction in overall debt, it has begun to show a great deal of upward momentum. During the pandemic and now that the pandemic is ending, shipping is continuing to grow. This means that companies in the transport industry could see demand rise dramatically.
In its most recent first quarter, GLBS increased total revenues by 126% when compared to its Q1 in 2020. When looking at GLBS’s latest balance sheet, it had $1.19 million more liquid assets than total liabilities. This is important because the debt load on a company can be detrimental to its trajectory. All this can help explain why GLBS has seen a 16% increase in the past month. With shipping rates rising globally, Globus Maritime could be worth keeping an eye on in the near future.
Aytu Biopharma Inc. (NASDAQ: AYTU)
Aytu is a biotech penny stock that investors have been watching in the past few months. This pharmaceutical company specializes in prescription therapeutics that are in use to treat attention deficit hyperactivity disorder (ADHD) as well as other pediatric ailments. Some of its staple products are Adzenys XR-ODT (amphetamine), Cotempla XR-ODT (methylphenidate), and Karbinal ER (carbinoxamine maleate). These compounds are popularly prescribed among those who need them. And with rates of ADHD among young individuals always increasing, it looks like Aytu’s market is could continue to grow.
Since its inception, AYTU has evolved into an acquisition-based company that puts a priority on strategic in-licensing. It also has a strong drug development pipeline that focuses on rare genetic diseases called vascular Ehlers-Danlos Syndrome (vEDS). Currently, it’s testing a potential treatment – AR101/enzastaurin, in an attempt to reduce morbidity and lengthen life. While testing can take a substantial amount of time, having a steady flow of research in a pipeline is always encouraging for biotech investors to see. Whether this makes AYTU a penny stock to watch is up to you.
1847 Goedeker Inc. (NYSEAMERICAN: GOED)
Q2 has been a strong quarter for 1847 Goedeker. Since May, GOED has seen record growth in its revenue. Up over 41%, it has increased written orders by over $28 million which is no small feat. It is currently one of the leaders in the online retail industry for online household appliances. With acquisitions underway as well as a plan to implement new shipping strategies, Goedeker is an exciting penny stock to watch.
“We continue to operate at more than a $500 million annual revenue run rate through May. While our fill rate of 61% remains well below our historical 85% rate, we continue to believe we will see a return to normal shipping trends as manufacturers catch production up to consumer demand in the latter part of the third quarter.”CEO of GOED, Doug Moore
All of this is helping to show that GOED is on a solid track for growth. With record revenue in hand, it’s no wonder that so many investors are keeping an eye on GOED stock right now.
9F Inc. ADR (NASDAQ: JFU)
A unique and popular penny stock to watch right now is 9F Inc. This internet technology company operates in fintech services and online wealth management for mid-high net-worth clients. Licensed out of Hong Kong, 9F currently has over 113 million users. Its SFO Type 1, Type 4, Type 5, and Type 9 means it can deal in securities, advise on securities, advise on corporate finance and deal with asset management respectively. All of these factors add up to 9F being considered a diverse fintech company for investors to take a closer look at.
This month JFU announced that it will hold a general meeting for shareholders in an effort to change its name to Ether Securities, Inc. Management stated that “The proposed name change will not affect any rights of shareholders or the Company’s operations and financial position.”
As we move forward into 2021 it’s important to consider what penny stocks are following market trends such as the recent tech boom. JFU is using new technology in order to advance the methods used in the fintech industry, and for that reason, many believe it is highly innovative. While a name change is not a major event to take note of, it is a symbolic change that could have a speculative effect. Considering this, will it be on your watchlist?
Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy has been on our penny stock watchlist for months now. By midday, shares of KOS stock had jumped by over 16% to $3.60 per share. The reason for this jump was due to an analyst at Bernstein named Bob Brackett, shifting his recommendation to a ‘Buy Rating’ with expectations for oil demand to increase by over 10%. Even as the market for more sustainable energy and electric vehicles expands rapidly the expectation is to see demand for oil rise in the short term.
It’s important to note that this is just one analyst’s opinion and penny stocks that deal in energy sources such as oil are particularly volatile. This is to say that it’s important to do your own research before buying in. Earlier this month, Roy A. Franklin was appointed to the Board of Directors. He is an individual with over 45 years of experience in the energy industry and has extensive experience in multiple private and public companies. With this new leadership at hand and a buy rating from a popular analyst firm, will KOS be a part of your list of penny stocks to watch?
Sypris Solutions Inc. (NASDAQ: SYPR)
Another penny stock to watch right now is Sypris Solutions. As a company, SYPR provides technology-based services and specialty products. It provides manufacturing as well as technical services to major corporations as well as government agencies. Specifically, SYPR operates directly in aerospace and defense electronics/truck components, employing over 600 individuals. Today a subsidiary of SYPR, Sypris Technologies, announced that it has received orders from two large projects (the Golden Pass LNG Export project and the Cherry Point Refinery Renewable Diesel Optimization projects) for specialty high-pressure closures.
“Sypris continues to be a leader in supplying high-pressure specialty closures to support major energy projects around the world.
By leveraging our extensive engineering design and manufacturing expertise, we believe we are uniquely qualified to support these types of demanding requirements. We are proud to be a part of helping to meet our nation’s energy requirements while providing cleaner fuels and a reduced carbon footprint.”General Manager of SYPR, Brett Keener
While it isn’t necessarily an energy penny stock in a pure-play sense, it is considered an ancillary energy player. For this reason, it could be viewed as more stable than other highly involved oil and gas penny stocks. So, what do you think? Will it be on your watchlist?
Humbl Inc. (OTCMKTS: HMBL)
The last penny stock on the list today is Humbl Inc. Humbl is a technology company that works in novel areas such as blockchain and NFTs. The recent boom in interest in these technologies has sparked a great deal of innovation and competition. HUMBL specifically was created in order to help simplify and further package blockchain technology for global consumers in mobile payment.
Mobile payment solutions present a major market for blockchain and have only just been tapped into by large companies. Considering that Humbl is on the cutting edge of this industry, it remains an incredibly innovative penny stock to watch. Today, HMBL announced the completion of an acquisition of Tickeri, a leader in the Latin ticketing market.
“There is an exciting convergence underway across mobile pay, ticketing, and NFTs on blockchain. Tickeri has created an outstanding technology platform and loyal audience with whom we are excited to grow together as brands.”CEO of HUMBL, Brian Foote
Tickeri presents an interesting opportunity for Humbl as it allows it to utilize both blockchain payment and verification. While the full details of this integration are still unknown, this deal does look like it could be beneficial to both parties. Considering this, HMBL could be worth keeping an eye on in the near future.
Which Penny Stocks Are on Your List?
Making a penny stocks watchlist in June can be difficult with so much to consider before investing. However, with the right information at hand and a concrete trading strategy, buying and selling penny stocks can be a profitable endeavor.
It’s worth considering what type of investor you are and what your risk tolerance is. Once that information is in mind, making a list of the best penny stocks to watch can be easier than previously imagined.