8 Penny Stocks to Watch in Summer 2021
In 2021, there are plenty of penny stocks that are worth watching. But, it all comes down to what type of investor you are. If you prefer less volatile penny stocks, there are certain small-caps better suited for you and vice versa. However, it’s worth noting that volatility is relatively widespread. This is quite common with the entire list of penny stocks and is something that many investors look for.
But, with volatility always high with stocks under $5, investors need to understand that every event going on in the world will have an impact on the stock market. And to stay ahead of the game, traders should keep as up-to-date as possible with everything going on at the moment. This includes Covid, inflation, the ups, and downs of cryptocurrency, and more.
[Read More] Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
And with the power of the internet, any trader can be just as informed as to the pros. In addition to all of this, investors should have a thorough understanding of what type of trader they are. This will help to ensure that you are investing in the right penny stocks for your portfolio goals. With all of these factors considered, let’s take a look at some hot penny stocks to watch for the rest of 2021.
4 Penny Stocks to Watch Right Now
- Marin Software Inc. (NASDAQ: MRIN)
- Camber Energy Inc. (NYSE: CEI)
- Seelos Therapeutics Inc. (NASDAQ: SEEL)
- Staffing 360 Solutions Inc. (NASDAQ: STAF)
Marin Software Inc. (NASDAQ: MRIN)
While MRIN stock is technically no longer a penny stock, it was only a few days ago. On June 28th, MRIN stock officially traversed penny stock territory, and now sits around a staggering $16.70 per share. In the past five days, Marin Software has shot up by around 470% and in the past month, that number shoots up to over 960%.
While there is no specific company news driving this, the massive gain we’re witnessing is a clear example of traders on Reddit pushing back against a large short squeeze. This is the same thing that occurred with both AMC stock and GME stock a few months ago.
Read More
- Penny Stock SGOC Surges 500%+, Is It Still A Buy Now?
- 7 Trending Penny Stocks That You Need to Know About in July 2021
Although there is no company-specific news today, it did announce a major integration onto its platform only a week or so ago. This includes it adding Instacart ad integration onto its MarinOne platform. With delivery services from more than 55,000 stores across the U.S. and Canada, Instacart is one of the most widely recognized delivery platforms in the industry.
While this alone is no reason to justify its almost 1,000% gain in the past month, it could be a reason that the rally was sparked in the first place. Considering this, will MRIN be on your list of penny stocks to watch?
Camber Energy Inc. (NYSE: CEI)
Up by a solid 6%, or so at midday is Camber Energy Inc. This gain seems to be part of an overall rally we’re witnessing right now with energy penny stocks. For some context, Camber is a growth-oriented energy company working in oil and natural gas in the Gulf Coast and mid-continent regions. It owns a 62% interest in the energy company, Viking Energy Group Inc., which recently reported its Q1 2021 results. In the results, Viking posted a solid $10.49 million in revenue for the quarter.
“We are pleased with Viking’s Q1 results, especially following unprecedented conditions experienced in 2020. We are extremely encouraged with the foundation we have established, and are intensely focused on pursuing growth opportunities.”
CEO of Camber and Viking, James Doris
This is big news and is a reflection of the overall bullish sentiment right now with energy companies. So, whether this makes CEI stock worth watching or not is up to you.
Seelos Therapeutics Inc. (NASDAQ: SEEL)
In the past six months, shares of SEEL stock have shot up by around 93% including an almost 6% today at midday. Despite a slight downward trend in the past month, many investors are showing confidence in the future of Seelos Therapeutics. Only a few days ago, it announced its addition to the Russell 2000, Russell 3000, and Russell Microcap Indexes.
[Read More] 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
This officially took place on June 28th at the market open. The Chairman and CEO of Seelos, Raj Mehra, states that “the inclusion of Seelos into the Russell 2000, 3000, and Microcap indexes should help increase our exposure in the investment community and is a tribute to the progress we have made building the company over the past year.”
This is a big deal for both the company and investors alike. It could add a decent capital infusion into the company and should definitely bring with it an increase in publicity for SEEL stock. With a focus on late-stage clinical illnesses such as Major Depressive Disorder, PTSD, and more, Seelos remains committed to solving many popular ailments we face. With all of this in mind, is SEEL on your watchlist right now?
Staffing 360 Solutions Inc. (NASDAQ: STAF)
One of the more staggering gains of the past week is with STAF stock. While only a week ago, shares of STAF were trading confidently at around $0.62, a five-day gain of roughly 450% brings it up to its July 1st price of around $3.70 per share. It’s worth noting that this is a highly volatile gain, and is more or less a reflection of its reverse stock split.
[Read More] 8 Penny Stocks to Watch Right Now As June Comes to an End
The split was issued in order to remain compliant with the NASDAQ minimum big requirement, offering 1 share for every 6 held prior to the split. This will bring the total outstanding shares from just under 40 million to around 6.52 million.
“We are effecting this reverse stock split to raise Staffing 360’s common stock price in order to regain compliance with the NASDAQ Capital Market’s $1 per share minimum bid continued listing requirement. We believe the trading of our shares on a national market increases our visibility in the marketplace, improves liquidity, broadens and diversifies our shareholder base, and ultimately enhances long-term shareholder value.”
Brendan Flood, CEO of Staffing 360
While this is not necessarily positive news resulting in this large uptick, it is an interesting aspect for investors to take note of. So, is STAF stock worth watching in the short term?
4 More Penny Stocks to Watch
- Color Star Technology Co. Ltd. (NASDAQ: CSCW)
- Castor Maritime Inc. (NASDAQ: CTRM)
- Senmiao Technology Ltd. (NASDAQ: AIHS)
- GTT Communications Inc. (NYSE: GTT)
Are Penny Stocks Still Heating Up?
With penny stocks showing more momentum right now than in the past few months, many investors are scrambling to find the best ones. This takes time and a commitment to research and education. As always, information will be your best friend whether trading penny stocks or blue chips. So, with all of this in mind, are penny stocks still heating up?
