Are These 3 Penny Stocks on Your List This Week?
With another week of trading upon us, which penny stocks are investors watching right now? Well, with so much going on in the market, investors need to have a thorough understanding of how events will play into trading penny stocks. For example, with cases of Covid on the rise once again, many traders are looking into biotech stocks and reopening penny stocks among others.
What we see is that there is always a cause and effect that penny stocks traders need to consider when making a watchlist. And although trading both blue chips and small-caps has not been easy in the past few months, many investors are hopeful about the future. While there also is a great deal of uncertainty in the market right now, we could begin to see signs of recovery soon.
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Considering this now is a great time to begin making a penny stocks watchlist that is focused on the near term. With prices lower than they have been in months, there could be plenty of value out there to be had. So, with all of this in mind, here are three top penny stocks to watch on Monday morning.
3 Top Penny Stocks to Watch on Monday Morning
- Aehr Test Systems (NASDAQ: AEHR)
- Creatd Inc. (NASDAQ: CRTD)
- Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
Aehr Test Systems (NASDAQ: AEHR)
In the past week or so, shares of AEHR stock have been skyrocketing off of several pieces of news. Again on Monday morning, AEHR stock is up as much as 31% in pre-market trading. In the past six months, Aehr Test Systems has shot up by around 50%, with 25% or so of that occurring in the last week.
While many gains with penny stocks occur without news, AEHR made an exciting announcement in the early morning on Monday. The company stated that it received a $10.8 million order for its silicon carbide test and a burn-in customer regarding its FOX-XP systems its WaferPak product.
“These follow-on orders for additional FOX-XP systems and WaferPaks are the result of our working closely with this lead customer to achieve their test requirements and validation of our FOX-P platform and WaferPak full wafer contactors as their production qualified solution.”Gary Erickson, CEO of Aehr Test Systems
This is a big deal for the company and investors alike, but there may be another reason causing AEHR stock to jump. AEHR is frequently mentioned across social media such as Reddit and Twitter. This gives it the apt title of being a meme stock. These are stocks that tend to rise and fall with the degree to which they are trending online. And because AEHR also has a strong business model, it could be worth keeping an eye on. Considering this, will AEHR stock be on your watchlist today?
Creatd Inc. (NASDAQ: CRTD)
Another strong pre-market gainer today is CRTD stock. By early morning, shares of CRTD were up by around 13% on above-average volume. For some context, Creatd is a tech penny stock that is the parent company of the Vocal platform. It works with creators and entrepreneurs to promote brands and bring in new audiences. Only a few weeks ago, the company announced that it hit a major milestone of adding over 30,000 subscribers to its Vocal+ platform. This is its flagship premium service and one that brings in a great deal of revenue for the company.
“We can confidently predict reporting $1 million in net revenues for second quarter 2021, representing a 3x increase as compared to the same period last year. Next quarter, our focus will be on delivering new features that will enhance our ability to continue acquiring and retaining creators and their audiences while reducing market costs.”CEO of Creatd, Jeremy Frommer
The creator market is growing substantially right now and could have promising growth figures in the long term. Whether this is enough to make CRTD stock worth watching is up to you.
Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
OXBR stock is a penny stock that we’ve covered numerous times in the past few weeks. Again today, shares are up by around 14% in pre-market trading. In the past month, shares of OXBR stock have climbed by a substantial 42%, bringing it to around the $3.50 mark. Today’s climb comes as the company announced the creation of the Oxbridge Acquisition Corp. SPAC.
It plans to use this SPAC to grow its holdings of the insurance technology sector, blockchain, and artificial intelligence-based companies. And, it also states that it will have a proposed public offering of $100 million and up to $115 million. Outside of this, Oxbridge is a provider of reinsurance business solutions primarily working in the Gulf Coast region. It specializes in underwriting high-risk assets with enough data to predict the risk/reward numbers.
While this move doesn’t necessarily make OXBR a pure-play blockchain penny stock, it does show that the company is committed to moving into new markets. And, because blockchain and tech as a whole are showing major growth potential right now, this could be a big opportunity for OXBR. With its solid gain today so far, OXBR stock could be worth keeping an eye on.
Which Penny Stocks Are on Your Morning Watchlist?
While making a penny stocks watchlist in 2021 can be difficult, there are plenty of resources out there to make it easier than previously imagined. And, the best trader will always be the one with the most information at hand. So, with any penny stocks on your watchlist, the best course of action is always to do as much research as you can, and understand exactly what the company does.
In addition to this, having a trading strategy that aligns with your investing goals will be a major benefit. With the power of the internet available to all, any trader can be just as informed as the pros. Considering all of this, which penny stocks are on your morning watchlist?