Are These Reddit Penny Stocks on Your Watchlist in 2021?
Reddit penny stocks have become commonplace talking points in the stock market over the past year and a half. While the clear reason for this is heightened interest in the stock market, there are a couple of other reasons to consider.
For one, the impact of relatively new and accessible trading platforms such as Robinhood and WeBull is very large. This means that there are more individuals with access to trading penny stocks and blue chips than ever before.
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Additionally, this has resulted in billions in capital flooding into the stock market in the past few years. Because retail traders tend to hop on trending stocks, we’ve also witnessed volatility in the stock market rise dramatically. This is not necessarily a bad thing, but it is something to consider. So, if you’re looking for a Reddit penny stock to buy, the best course of action is to make a watchlist.
This means finding the best penny stocks for your list and vetting them individually with research. With the power of the internet, any trader can be just as informed as the pros. And because of this, trading penny stocks and blue chips has never been easier. So, with Reddit penny stocks showing no signs of slowing down, here are five to watch that are moving right now.
5 Hot Reddit Penny Stocks to Watch
- Camber Energy Inc. (NYSE: CEI)
- Verb Technology Company Inc. (NASDAQ: VERB)
- Banco Bradesco ADR (NYSE: BBD)
- Auris Medical Holding Ltd. (NASDAQ: EARS)
- AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX)
Camber Energy Inc. (NYSE: CEI)
Another market sector that is seeing tremendous growth right now is the energy industry. Camber Energy is a penny stock that is based out of Houston, Texas. Its focus is primarily on oil and natural gas assets. If you follow CEI, you likely know that it is a majority owner of Viking Energy Group. For some context, Viking holds a large portfolio of energy interests in the Gulf Coast and Mid-Continent regions.
Recently, CEI closed a $15 million equity transaction from an institutional investor. With this new capital, CEI plans to further acquire assets to be used for larger production runs of oil and gas.
“These transactions serve as significant catalysts for advancing Camber’s growth initiatives. The $15 million commitment by the institutional investor is encouraging and seemingly reflective of the confidence in Camber and our operations both short and long term. We are excited about the Company’s future and remain focused on forging a path toward profitability and increasing shareholder value.”
James Doris, President and CEO of Camber
While institutional investments occur often with penny stocks, they are always interesting for investors to consider. Whether this makes CEI stock worth keeping an eye on right now, is up to you.
Verb Technology Company Inc. (NASDAQ: VERB)
Verb Technology is another rapidly growing company in the technology sector. This penny stock is involved in video-based customer relationship management (CRM) sales and marketing applications.
It operates in over 60 different countries and is a provider of next-generation CRM video marketing software that can be put to use across a variety of businesses. VERB has patent-pending technology that it states, has a 600% increase in conversion rates with customers. This is a big deal, especially as the world continues to become more digital every day.
As a Software-as-a-Service (SaaS) product provider, Verb is accessible on not only desktop devices but on mobile as well. The platform that Verb offers can integrate with popular software providers such as Oracle NetSuite, Salesforce, Odoo, Adobe Marketo, and Microsoft. There are many more integrations to come, but as of right now VERB remains committed to staying a leader in the tech industry. So, with a great deal of prospects on the horizon, is VERB stock worth watching?
Banco Bradesco ADR (NYSE: BBD)
While the banking industry got off to a rough start last year, since then, it has bounced back significantly. Banco Bradesco has become a large part of the finance industry, and offers services for banking in not only Brazil but in Latin America as well. Interestingly enough, it is ranked as the seventy-ninth largest bank in the world, which is no small feat.
Recently BBD stated that its goal is to decarbonize its credit and investment portfolios by 2050, and possibly before. This conforms with scientific forecasts and the Paris Agreement climate goals. It is also the first Brazilian bank to join the Net-Zero Banking Alliance.
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Banco Bradesco states that these actions reinforce its commitment to its long-term ESG goals. While it isn’t necessarily a pure-play ESG penny stock, its commitment to a green future shows that it is in line with long-term goals. With this in mind, what do you think of BBD as a penny stock to watch in 2021?
Auris Medical Holding Ltd. (NASDAQ: EARS)
Auris Medical is a biotech penny stock focused on developing therapeutics meant to address unmet medical needs. This company currently operates in three sectors: developing RNA therapeutics for extrahepatic therapeutic targets, developing therapeutics for the intratympanic treatment of tinnitus or hearing loss, and nasal sprays.
It has a strong pipeline of drugs in both phase 2 and phase 3 trials. This is important as it shows EARS could be close to having an approved compound in its pipeline. The drugs in the aforementioned trials include AM-125, Keyzilen, and Sonsuvi. Recently, EARS announced its data from the preclinical trials of Bentrio Nasal Spray. This new spray will work towards the prevention and aid of the Sars-CoV-2 virus.
“These data provide strong evidence for Bentrio’s potential to help reduce the risk of SARS-CoV-2 infection of human mucosal cells when used preventatively and to decelerate its course when used shortly after its onset. Recently published clinical data from an independent research group show that targeting the nasal mucosa during the early stage of Covid-19 is an ideal strategy for preventing the propagation of SARS-CoV-2.”
Thomas Meyer, Founder and CEO of EARS
The fact that it is working on a Covid-19 treatment is big news and could be the reason behind the popularity of EARS stock right now. While this does mean that it is more volatile than others, it could also mean potential long-term potential if Covid continues on a similar path. Whether this makes EARS stock worth watching, however, is up to you.
AcelRx Pharmaceuticals Inc. (NASDAQ: ACRX)
The last penny stock on the list today is AcelRx Pharmaceuticals. AcelRx for some context, is a biotech company focused on developing and commercializing innovative therapies. Its non-invasive sublingual formulation technology is meant to deliver sufentanil with uniform pharmaceutic profiles.
ACRX currently has one approved product in the US, a sufentanil sublingual tablet, known as DSUVIA. This product is meant to manage acute pain as an opioid analgesic and is meant for adult patients in medically supervised settings. Today ACRX announced its agreement with Laboratoire Aguettant to provide a license to commercialize DZUVEO in Europe.
“We are excited to enter into a European collaboration for DZUVEO with Aguettant, a well-known, innovative European pharmaceutical company focused on the acute care space across 70 countries.
This collaboration provides a strategic fit for DZUVEO given Aguettant’s existing product portfolio. Having the ability to commercialize two product candidates in the United States with a track record of success in Europe aligns with our strategy of building a complementary product portfolio to DSUVIA while limiting the cost of development.”
Vince Angotti, CEO of AcelRx
This is big news for the company and is most likely the reason behind its more than 15% gain at EOD. While this is indicative of high speculation, it is also a strong sign of present-day growth for ACRX stock. With this in mind, is ACRX worth adding to your watchlist?
Reddit Penny Stocks Continue to Rise in Popularity
Over the past year and a half, investors have watched as Reddit penny stocks climb dramatically in value. While this is not across the board, there are plenty of stocks frequently mentioned on Reddit that have done so.
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But, it is extremely important to stay vigilant, and understand exactly what a company does, and what makes its stock move. With all of this in mind, it’s no wonder that Reddit penny stocks continue to rise in popularity.
