15 Penny Stocks For Your Watchlist Right Now

Are you looking for the best penny stocks to buy right now? Well, before doing so, let’s take a step back. Buying penny stocks in 2021 is all about having a thorough understanding of what’s making the market move. Right now, this includes cryptocurrencies such as Bitcoin and DogeCoin, the end of the pandemic, and fears of long term market inflation. 

[Read More] 9 Hot Penny Stocks To Watch Right Now, Analyst Targets Up To 290%

While some of these may seem negative, anything that makes the market move can be used to your advantage. And with penny stocks, speculation is always key. That means that events have a major impact on a given company or industry. With all of this in mind, let’s take a look at five more penny stocks to watch right now.

5 More Penny Stocks To Watch in July 2021

  1. Tellurian Inc. (NASDAQ: TELL)
  2. Uxin Ltd. (NASDAQ: UXIN)
  3. Xeris Pharmaceuticals Inc. (NASDAQ: XERS)
  4. Pieris Pharmaceuticals Inc. (NASDAQ: PIRS)
  5. Qudian Inc. (NYSE: QD)

11. Tellurian Inc. (NASDAQ: TELL)

One of the leading energy penny stocks right now is Tellurian Inc. With its headquarters based out of Houston, TX, TELL operates in the natural gas industry in one of the most oil rich areas of the country. It has a strong portfolio of clients as well as infrastructure and is a leader in the liquified natural gas development industry. 

Recently, it announced a filing for an electrically driven 200-300 pipeline project located in Louisiana. This project will not only continue to develop natural gas, but it will use the latest pipeline engineering in order to provide significant reductions in emissions.

It involves TELL’s wholly-owned subsidiary, Driftwood Pipeline LLC. The company states that it expects to receive FERC approval by the end of 2022 which supports its plan to start construction in 2024. What do you think of an electrically-driven Pipeline in Louisiana? Does this make TELL stock worth keeping an eye on?

Penny_Stocks_to_Watch_Tellurian Inc. (TELL Stock Chart)

12. Uxin Ltd. (NASDAQ: UXIN)

Uxin Limited is a penny stock we have covered several times in past couple of months. As an online used car sales company, UXIN looks like it is in the right place at the right time. With a shortage of used cars right now globally, UXIN has made buying and selling a used car more streamlined and reliable.

This one-stop shop provides a nationwide service to even those in remote locations across China. Its comprehensive sales platform includes consultants that offer professional help for both choosing a vehicle and title transfers as well as other types of legal paperwork needed to purchase vehicles. Recently, UXIN announced a deal with NIO Capital, an interesting competitor with the lead EV company, Tesla. This deal includes a $315 million investment into the company.

“The used car market has exponential growth potential in China. As one of the leading online used car dealers in China, Uxin relies on a one-stop business model to provide car buyers nationwide with high-quality vehicles and comprehensive after-sales services.

Uxin has effectively tackled critical problems that affect traditional dealers. We believe Uxin will continue to lead the development of the domestic used car market and help transform the industry to new heights of quality and reliability.”

Chairman of NIO, William Bin Li

This is big news and could provide a new business tactic for UXIN to take advantage of. With this in mind, will UXIN be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Uxin Ltd. (UXIN Stock Chart)

13. Xeris Pharmaceuticals (NASDAQ: XERS)

Xeris Pharmaceuticals is a leading biotech penny stock. It develops and commercializes ready-to-use injectables for rare and orphan disease treatment. Shares of XERS stock shot up substantially today, ending at around 9% up over the previous day. While many big gains go without news, this is no exception. However, a month ago, it announced a deal to buy Strongbridge Biopharma Plc. for both stock and contingent value rights. In the deal, Xeris shareholders will own 60% of the new company named Xeris Biopharma Holdings. 

[Read More] 8 Hot Biotech Penny Stocks For Your July 2021 Watch List

The timeline for the deals completion is the fourth quarter of this year. In the past month, shares of XERS stock have shot up by over 29% which is quite substantial. Although YTD, shares are down, many investors are excited about the future of the company. With this in mind, is XERS stock worth adding to your watchlist?

Penny_Stocks_to_Watch_Xeris Pharmaceuticals Inc. (XIRS Stock Chart)

14. Pieris Pharmaceuticals Inc. (NASDAQ: PIRS) 

Another major gainer of the day is Pieris Pharmaceuticals Inc. By EOD, shares had shot up by over 24% to just under $4.50 per share. During the day, it made a big announcement that is likely the cause of this large uptick in price.

For some context, Pieris is a clinical stage biotech company working on developing protein engineering capabilities. These are then used to develop medicines for local biological needs. In its pipeline are drugs that utilize Anticalin proteins as they’re known, which can treat respiratory diseases and oncological issues. 

Today, Pieris announced that it received Orphan Drug Designation from the FDA for its compound cinrebafusp alfa (PRS-343). This compound is used in the treatment of low expressing gastric cancers.

“The granting of orphan drug designation to cinrebafusp alfa underscores the high unmet medical need that persists in the treatment of gastric cancer and reinforces our conviction in the importance of developing this program while setting the par for success to help patients with limited therapeutic options.”

CEO of Pieris, Stephen S. Yoder

This is big news and could make PIRS stock worth watching in the near future. 

Penny_Stocks_to_Watch_Pieris Pharmaceuticals Inc. (PIRS Stock Chart)

15. Qudian Inc. (NYSE: QD) 

Qudian Inc. is another penny stock that we’ve been covering for quite some time. For those who don’t know, it is a tech penny stock that offers services for the online consumer finance market in China. This includes offering personalized credit services to millions of young Chinese citizens who otherwise would not have access. The company sees this as a large untapped market and one that could provide long term profitability for it. In its unaudited first quarter 2021 financial results, Qudian managed to make some substantial headway. 

“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 education 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 of Qudian, Mr. Min Luo

With a growing upper class population in China, Qudian could become a major player in the loan book business moving forward. Whether this makes QD stock worth looking into is up to you. 

Penny_Stocks_to_Watch_Qudian Inc. (QD Stock Chart)

Are These Penny Stocks Worth it or Not?

Finding the best penny stocks on Robinhood, WeBull, or wherever you buy stocks is all about understanding how and why the market moves. With research at hand, making a list of penny stocks can be much easier than previously imagined. 

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And, in tandem with this, investors should have a proper trading strategy at hand. A concrete strategy will always be what separates the best traders from those just starting out. Considering this, what do you think? Are these penny stocks worth it or not?

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