Are Reopening Penny Stocks Worth it For Your July Watchlist?
Reopening penny stocks have remained some of the hottest choices for all types of investors in 2021. Before we go any further, it’s worth understanding what they are in order to know how to use them to your advantage.
When the pandemic first began, most stocks, penny stocks included, declined rapidly in value. This made sense as economies were responding to there extraordinary situation that the world was put in. However very quickly, companies that were able to benefit, began to do just that. This results in many penny stocks and blue chips, shooting up in value. For example, this includes biotech penny stocks, retail penny stocks, and many more.
But now, a year and a half after the pandemic began, many thought that we were out of the woods. However, with the Delta variant on the rise, we could be entering another wave of Covid-19. While this may seem disheartening, there are plenty of ways to benefit from the pandemic and whether or not it continues to wreak havoc. This includes reopening penny stocks.
The term itself is quite a loose definition, and allows for many different stocks to be considered. But, investors need to understand exactly how a company on their list of penny stocks, will benefit from the pandemic. This is not easy, and involves a great deal of research and commitment. So, with all of this in mind, here are six reopening penny stocks to watch right now.
6 Reopening Penny Stocks to Watch in Summer 2021
- Ashford Hospitality Trust Inc. (NYSE: AHT)
- Globalstar Inc. (NYSE: GSAT)
- Aerpio Pharmaceuticals Inc. (NASDAQ: ARPO)
- Ambev S.A. (NYSE: ABEV)
- Advaxis Inc. (NASDAQ: ADXS)
- Sonim Technologies Inc. (NASDAQ: SONM)
Ashford Hospitality Trust Inc. (NYSE: AHT)
Ashford Hospitality Trust Inc. is a penny stock that has had an interesting year in 2021. The company operates as a real estate investment trust that invests in upscale full-service hotels.
At the start of 2021, the company was at $2.40 per share on average. During one time period from May to June, the company’s stock price skyrocketed to nearly $7 per share on average. Then, its stock price fell back down to where around the $2.20 mark. On July 6th, Ashford announced its preliminary RevPAR results for the second quarter of the year. Its RevPAR increase was at 256% higher since June 2020.
“I am pleased to report these improved preliminary RevPAR results for the second quarter which are driven by pent-up leisure demand. We continue to be pleased with the recovery trends we are seeing at our hotels, and with our geographically diverse portfolio with high exposure to transient leisure customers, we believe we are well-positioned to capitalize on this recovery.”President and CEO of AHT, Rob Hays
The real estate market is booming right now, and property values continue to skyrocket. With this in mind, AHT stock could be an interesting company to keep an eye on.
Globalstar Inc. (NYSE: GSAT)
Globalstar Inc. is a penny stock that provides mobile satellite services and off-grid communication offerings. This includes mobile voice and data satellite services. These products are in use for emergencies, safety, recreation, business, and more.
Its SPOT consumer retail products such as the SPOT Trace anti-theft and item tracker have become very popular among consumers, highlighting Globalstar’s overall product line. And, its website had 745,000 subscribers as of December 31st, 2020, which is quite a sizable number. On July 1st, the company announced a new partnership with FocusPoint International Inc. This partnership will give added benefits to Globalstar and SPOT customers.
“We are so pleased to extend this valuable service to Globalstar customers. Many of our users partake in extreme sports and engage in higher than average travel frequency making this offering a service that can help further improve our customers’ peace of mind. FocusPoint provides a comprehensive risk consulting service that is a great compliment to the connectivity we provide our customers.”The CEO of Globalstar, David Kagan
This announcement was made on the first day of this month, and since then GSAT stock has increased in value. The one-month growth of GSAT stock is impressive for investors to consider. In mid-June, the company was at $1.30 per share on average, and now GSAT is at $1.79 per share as as of mid-July. With this in mind, will GSAT stock be on your list of penny stocks to watch this week?
Aerpio Pharmaceuticals Inc. (NASDAQ: ARPO)
Aerpio Pharmaceuticals Inc. is a biotech penny stock that is witnessing solid bullish momentum right now. The company develops and commercializes compounds that activate Tie2 receptors to treat ocular disease and vascular stabilization. One of Aerpio’s main products is razuprotafib, which is in Phase 2b trials to treat non-proliferative diabetic retinopathy.
On June 4th, the latest update from this biotech penny stock was released. Aadi Bioscience Inc. announced at the ASCO 2021 Virtual Meeting that Aerpio has entered an agreement and Plan of Merger with itself, Aadi, and Aspen Merger Subsidiary Inc.
Despite no other recent company-specific updates, ARPO stock is skyrocketing in the market. 5 days ago, ARPO stock was worth $1.71 per share on average. Now ARPO stock price is at $2.56 per share on July 12th. With this in mind, is ARPO stock worth watching?
Ambev S.A. (NYSE: ABEV)
Ambev S.A. is a penny stock that sells beer, soft drinks, and a long list of other beverages as well. Some of its beer brands include Budweiser, Bud Light, Stella Artois, and Corona. Its other beverage products include Pepsi, Seven Up, Lipton, and many more. These products are offered via third-party distribution and direct distribution in the Americas.
On June 9th, Ambev backed away from Copa America as a sponsor because of players’ unrest about COVID-19 concerns. Apart from this recent update, the company has not released any news. Despite this, its stock price is increasing a lot. ABEV stock has gone up by more than 14% in 2021 so far.
At one point earlier this year, the company’s stock price was up 30%, in 2021, before dropping silghtly. Now the company has grown to have an average volume of more than 24 million. ABEV stock also increased by 1.49% on the day of July 12th, which is worth noting. Whether this makes ABEV stock a part of your watchlist this week is up to you.
Advaxis Inc. (NASDAQ: ADXS)
Advaxis Inc. is a biotech penny stock that operates in the United States. The company discovers, develops, and commercializes medical tech products. Its main product uses Listeria monoxytogens tech antigens for drug delivery purposes. Additionally its compound, ADXS-PSA trial is in Phase 2 for treating metastatic prostate cancer. Advaxis is also developing a variety of other products for the treatment of cancer.
On July 6th, Advaxis and Biosight Therapeutics announced that they have entered a definitive merger agreement. The combined company will operate as Biosight Therapeutics. This will help advance its pipeline of programs. The combined company will also be well-funded with a cash position of about $50 million.
“We believe the combined company’s strong and diversified oncology pipeline with late-stage and early-stage assets, near-term milestones, seasoned leadership team and focus on both hematological malignancies and solid tumors have the potential to provide transformative benefits to patients while also providing value to our stockholders.”The President, CEO, and CFO of Advaxis
ADXS stock experienced a huge spike on the day of this announcement, but it quickly corrected, as most large jumps do. Now on July 12th, the company’s stock price is up 0.31% in the market. With the above information in mind, will ADXS be on your list of penny stocks to watch?
Sonim Technologies Inc. (NASDAQ: SONM)
This next penny stock to watch, Sonim Technologies Inc., is quite popular among retail investors right now. Sonim provides tough-built mobile phones for public and private networks. Its products include the Sonim XP5s, Sonim XP3, and Sonim XP8. These products are sold to companies involved in construction, manufacturing, energy, and more.
On June 30th, the company announced the launch of its RT80 rugged tablet. The tablet is designed for industrial, field service, and public safety workers. The CMO of Sonim, John Graff said, “The RT80’s purpose-built durable design can provide better total cost of ownership than consumer tablets where customers suffer increased downtime due to the inability to withstand the rigors of many work environments.”
SONM stock has not had the best year, with several ups and downs in its stock price so far. But, could things be changing for the tech penny stock? On July 12th, SONM stock shot up by around 5% in the market. On the same day, its volume is more than 3.6 times its market average. With this recent momentum in mind, will you add SONM to your penny stock watchlist?
Are Reopening Penny Stocks Worth it or Not?
Finding the best reopening penny stocks is all about understanding just how a company will be affected by the pandemic. This involves researching what it does, how it may benefit from increased case numbers, and what its fundamentals look like.
While it may seem difficult off the bat, with enough information on hand, it can be easy to find valuable penny stocks to watch. So, with everything considered, what do you think? Are reopening penny stocks worth it or not?