Top Entertainment Penny Stocks For Your August Watchlist 

Entertainment penny stocks have been the focus of many investors throughout the last year. While this category extends into several different niches, it seems as though they can all follow similar trajectories. One of the most important factors to consider when looking for penny stocks in the entertainment sector is what is going on with Covid.

The pandemic has a direct relation to physical entertainment numbers and the inverse which is digital viewership numbers. If fewer cases are occurring, more people will go to in-person entertainment venues. And, if more cases are occurring, more people will lean on digital content to provide entertainment. 

[Read More] Top Tech Penny Stocks For Your August 2021 Watchlist

So, while this is one of the most important things to consider, there are plenty of other factors to keep in mind as well. After all, these are still penny stocks, and that means that volatility will be high no matter what. So, use your trading strategy, and stay ahead by keeping up to date with the latest news. Considering all of this, let’s take a look at three entertainment penny stocks to watch right now. 

Top Entertainment Penny Stocks to Watch Next Month

  1. Cinedigm Corp. (NASDAQ: CIDM
  2. Color Star Technology Co. Ltd. (NASDAQ: CSCW)
  3. Moving iMage Technologies Inc. (NYSE: MITQ)

Cinedigm Corp. (NASDAQ: CIDM)

Cinedigm Corp. is an entertainment penny stock that we have discussed frequently in the past few months. This is due to its constant momentum and innovations. The company distributes movies, television, and other forms of digital content. Its products are distributed for various brands, including Televisa, NFL, NHL, Scholastic, among many others. In addition, its content is also distributed on entertainment platforms like Apple, Amazon Prime, Netflix, Hulu, and more. On July 26th, Cinedigm selected Rad.live’s Ara platform to release limited and exclusive content as NFTs. 

“As we continue to strengthen our portfolio of enthusiast brands and channels with pop culture icons like Bob Ross, Elvis Presley, and more, it is increasingly important for us to offer our customers a unified revenue solution across business models.

Partnering with Rad makes us the only company to offer turn-key NFT distribution options alongside subscription, digital distribution, on-demand, and linear revenue generation models.”

trategy Officer of Cinedigm, Erick Opeka

In the past five days, shares of CIDM stock have shot up by around 7%, and YTD, that number jumps to over 122%. The company’s stock price was below $0.70 per share when the year started. Now on July 26th, CIDM stock has reached $1.50 per share. With this in mind, will CIDM be on your list of penny stocks to watch? 

Penny_Stocks_to_Watch_Cinedigm_Corp._(CIDM_Stock_Chart)

Color Star Technology Co. Ltd. (NASDAQ: CSCW)

Color Star Technology Co. Ltd. is a penny stock that provides online and offline music education services. Its Color World platform has a wide variety of curriculum, including film, animation, sports, and more. The platform also provides celebrity content such as lectures and artist interactive communication.

[Read More] Top Biotech Penny Stocks On Robinhood To Watch This Week

Its services are provided in both the United States and China. One thing about CSCW that investors should keep in mind is just how diversified the company is. It offers a large range of services and interactive products that make it a unique company in the entertainment industry. On July 23rd, Color Star held a live music concert for its ‘Color Star APP’ at the Dubai International Convention and Exhibition Center.

“The Arab region has a population of 420 million people with vast cultural and entertainment needs. Through this performance, we hope to not only promote the local entertainment industry but also gain recognition of the company in the Middle East. We invited two super influential celebrities from the region to help drive ticket sales and increase our fan base via live performances and online interaction.” 

CEO of CSCW, Mr. Basil Wilson

The move into the Arab market could provide a much larger consumer base for the company moving forward. While this is just one move into this new geographic location, it could provide the potential for new opportunities in the next few months and beyond.

YTD, shares of CSCW stock are up by around 24%. This is great progress for a penny stock of this scale. In late March of this year, shares pushed up to over $1.80, before retreating back down to its current price of around $0.80 per share. While this is not a definitive indicator of where CSCW stock could go, it is encouraging as a bullish sign for investors. With all of this in mind, will you add CSCW stock to your watchlist?

Penny_Stocks_to_Watch_Color_Star_Technology_Co_Ltd_CSCW_Stock_Chart

Moving iMage Technologies Inc. (NYSE: MITQ)

Moving iMage Technologies Inc. is an entertainment company that offers a large variety of different products and services. These products are related to cinema equipment for theaters and other public venues. Moving iMage Technologies also offers custom engineering, digital tech services, software solutions, and more. While this is a relatively niche market, the specificity of it also means that MITQ has the potential to be a leader. 

And with vaccine rates inching higher, more people feel comfortable going out and seeing films in theaters. In addition, with the hope that the pandemic could be ending in the future, more theaters could begin to renovate in preparation for new crowds. While this is mostly speculative, there is a high likelihood that movie theatres could see increased attendance in the coming months.

On July 19th, the company received a $1.6 million contract from Alamo Drafthouse Cinema to provide equipment and furnishings for its new Alamo Rhode Island Avenue venue. This venue is scheduled to open in Fall 2021. The contract is the first major order for Moving iMage Technologies because of pandemic-caused theater construction delays.

The owner and Alamo franchisee Joseph Edwards said, “MiT has been a long-time, trusted partner of ours, having furnished and installed equipment at our other sites in Charlottesville, Loudoun, and Woodbridge. It’s great to have a quality one-stop-shop for the auditorium and booth fixturing.” With the theater industry hopefully making a recovery, will MITQ stock be on your watchlist?

Penny_Stocks_to_Watch_Moving Image Technologies (MITQ Stock Chart)

Are Entertainment Penny Stocks Worth Buying?

Finding the best penny stocks to buy in the entertainment sector is all about considering what they do and if they have a unique value proposition. While some companies act more broadly, others have found success in niches of the industry.

[Read More] Best Penny Stocks To Buy On Bitcoin, Dogecoin Price Action? 5 To Watch

Either way, having a trading strategy will always be a benefit to you and your portfolio. With this in mind, do you think that entertainment penny stocks are worth buying or not?


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Junior Gold Stocks Creating Massive Opportunity for Investors!

An Immediate Stock Alert is Being Called On: IMC International Mining Corp…