Are These Hot Penny Stocks on Your July Watchlist?
In July, penny stocks have remained highly volatile. While this is characteristic of stocks under $5 at all times, we are seeing more volatility than usual. This movement with penny stocks seems to be characteristic of the overall uncertainty in the stock market right now.
With Covid cases climbing due to the impact of the Delta variant, many investors are looking for safer options. Now, given that there are hundreds to choose from on the list of penny stocks, there are options for every type of investor. If you’re looking to play it safe, there are certain penny stocks to buy, and if you’re looking for a more volatile stock to invest in, the choices are unlimited.
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While this volatility does scare off some investors, those with strong stomachs have the potential to profit with penny stocks. But, it all comes down to knowing where to look, and more importantly, knowing what type of investor you are. Considering all of this, let’s take a look at eight must-watch penny stocks for July 2021.
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5 Hot Penny Stocks to Watch Right Now
- Asensus Surgical Inc. (NYSE: ASXC)
- Genius Brands International Inc. (NASDAQ: GNUS)
- Cinedigm Corp. (NASDAQ: CIDM)
- Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
- Envirotech Vehicles Inc. (OTC: ADOM)
Asensus Surgical Inc. (NYSE: ASXC)
Asensus Surgical Inc. is a biotech stock that researches, develops, and sells medical devices to enhance minimally invasive surgery. The company produces a digital interface that works between surgeons and patients for what they call, performance-guided surgery. This can be in use to produce better outcomes as well as enhancing standard procedures to a higher degree. On June 8th, the company announced that it will join the Russell 2000 and Russell Microcap indexes.
“We’re thrilled to be a part of the Russell 2000 Index and believe that our inclusion will increase our visibility and exposure to investors. This milestone is a testament to our hard work to create value for our stockholders through our strategy and bring the Senhance System’s transformative technology to surgeons, hospitals, and patients globally.”
Anthony Fernando, the President, and CEO of ASXC
ASXC stock has been increasing in the market, which has helped to put it on many investors’ radars. Keeping this in mind, will you add ASXC to your list of penny stocks to watch?
Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International Inc. is a penny stock that is focused on content and brand management. The company creates and licenses multimedia content for toddlers to tweens. It has a variety of series including Llama Llama and SpacePop. GNUS stock is a company that we discuss frequently due to its large daily movements and the frequency of its high momentum.
On June 30th, the company’s ‘Kartoon Channel!’ debuted its first-ever “Christmas In July” presented by Chuck E. Cheese. The President of Kartoon Channel and EVP of Business Development at Genius Brands, Jon Ollwerther said, “We are determined to build Kartoon Channel! into the #1 most successful children’s streaming network, and will continue to bring bold initiatives such as ‘Christmas in July.’ To that end, we will continue to offer a family entertainment destination that brings unique viewer experiences that appeal to a broad demographic with content that celebrates diversity and inclusivity.”
At the start of 2021, GNUS stock was at $1.36 per share on average. At one point in January, the company’s stock price reached above $3 per share on average, which is more than double where it was in January. While shares of GNUS now sit at around $1.65 per share, it seems that the company is working tirelessly to continue producing new and better content. Whether it deserves a spot on your watchlist, however, is up to you.
Cinedigm Corp. (NASDAQ: CIDM)
Cinedigm Corp. is a penny stock that many investors know of due to its frequent mentions on Reddit and other social media sites. This company is a distributor and aggregator of independent movie, television, and short-form content. Additionally, the company manages a library of distribution rights to various titles and episodes released in digital and physical forms. On July 8th the company announced that three of its most popular channels are now available on YouTube TV as optional add-ons.
“Cinedigm is thrilled to expand the footprint of our streaming channels and introduce a whole new streaming audience to our enthusiast channels on YouTube TV. We look forward to launching additional channels to YouTube TV’s line-up of add-on channels over the next couple of months.”
VP of Business Development & Strategy at Cinedigm, Jennifer Soltesz
Now, the company intends on reporting its fourth-quarter and full-year fiscal 2021 financial results on Wednesday, July 14th, 2021. This will be an interesting report for investors to look into as it will give the most recent insight into what CIDM is doing. For now, will you add CIDM stock to your watchlist?
Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
Electrameccanica Vehicles Corp. is a development stage penny stock focused on the electric vehicle market. The company develops, manufactures, and sells EVs in Canada and around the world. Its flagship project is SOLO, which is a single-seat vehicle meant for the short-distance commuter market. The company is additionally developing Tofino, which is an all-electric two-seater roadster.
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Back in May, Electrameccanica Vehicles Corp. reported its first-quarter financial results for 2021. The company’s CEO Paul Rivera said, “In the first quarter of 2021 we continued making progress on several major initiatives, including finalizing customer-ready designs, increasing production throughput, optimizing logistics and supply chain management, and taking additional steps towards realizing our U.S. assembly facility and engineering technical center.”
Other than its recent financial results, there is no company-specific news that was announced in the past few weeks. However, shares of many EV penny stocks have been climbing in recent trading sessions. Considering its placement in the EV market, is SOLO stock worth keeping an eye on this month?
Envirotech Vehicles Inc. (OTC: ADOM)
Envirotech Inc. is another penny stock that is focused on the production of electric vehicles. The company recently changed its name from Adomani Inc. The company provides zero-emission electric vehicles and drivetrain systems for the integration in medium to heavy-duty commercial fleet vehicles. In the past month, shares of ADOM stock have shot up by over 50%, which is no small feat. And again, this could be a reflection of the overall bullish sentiment surrounding the EV market right now.
On July 7th, the company received a purchase order for 5 vehicles from Joseph Holdings. The purchase order has been valued at $400,000 USD. CEO of Envirotech Phillip Oldridge said, “This order is a promising start to our FAR relationship with Joseph Holdings and we’re pleased to have this opportunity to begin providing our innovative, high-quality, conventional, and special purposed electric vehicles to the Caribbean market.”
One month ago ADOM stock was worth $0.24 per share on average. Now, ADOM stock is at around $0.36 per share on average. Keeping this in mind, does ADOM have a place on your penny stocks watchlist?
3 More Penny Stocks That You Should Know About
- Galectin Therapeutics Inc. (NASDAQ: GALT)
- AIM ImmunoTech Inc. (NYSE: AIM)
- Luokung Technology Corp. (NASDAQ: LKCO)
Are These Penny Stocks Worth Watching?
Finding the best penny stocks to buy in 2021 is all about understanding where to look. With so many choices, narrowing down your watchlist can seem like a difficult task.
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However, with the right research and a commitment to educating yourself on how to trade, it can be much easier than previously imagined. Considering what is going on in the world right now, do you think that these penny stocks are worth it?
