3 Penny Stocks to Watch in August 2021
Finding the best penny stocks to buy all comes down to understanding which way the market may move. With so many different factors to keep track of simultaneously it can be difficult to stay up to date with everything going on at once. However, investors who look for volatility and high speculation may rejoice in the large fluctuations we are seeing intraday.
Most of the time, those who trade penny stocks, tend to look for these intraday moves as they present an opportunity to make a profit. But, if you’re one of the few that look for stability with stocks under $5, it may be worth taking a closer look to find the best stocks for you. In 2021, there are quite a few things to consider.
And right now, the main impacting factor on the market is Covid, and specifically, the Delta variant. With cases rising in almost every country around the world, it seems as though we are retreating on all the previous progress.
However, in the U.K., where cases were shockingly high only a few days ago, cases have begun to fall substantially. It’s difficult to say exactly why this is the case, however, it could be herd immunity or another underlying reason. But regardless, it is encouraging news for penny stocks investors. So, considering all of this, let’s take a look at three penny stocks to watch after big spikes today.
3 Penny Stocks to Watch Right Now
- Marin Software Inc. (NASDAQ: MRIN)
- Sintx Technologies Inc. (NASDAQ: SINT)
- Blue Apron Holdings Inc. (NYSE: APRN)
Marin Software Incorporated (NASDAQ: MRIN)
Marin Software Incorporated is a penny stock that just experienced a sizable uptick in the market. While MRIN is no longer a penny stock at over $8 per share, it was only a few weeks ago. In the past six months, shares of MRIN have shot up by over 270%. For some context, the company provides marketing software to advertising agencies. Its MarinOne product is an e-commerce advertising platform, and its Marin Search is for managing advertising campaigns.
On July 30th, Marin released its second-quarter 2020 financial results. Its net revenue decreased, but the company did experience some positive results as well. On the same day of the announcement, MRIN stock increased by 28.17% in the market by the close.
“As additional marketplaces expand their advertising programs, the need for a platform to unify these efforts is only growing. The new eCommerce module in MarinOne and our integration for Instacart Ads is helping advertisers meet the customers at the point of purchase and deliver new customers and increase sales. Our stronger balance sheet will allow us to accelerate innovation and better serve the needs of this market.”The CEO of Marin, Chris Lien
After this recent large uptick, will you add MRIN stock to your watchlist?
Sintx Technologies Inc. (NASDAQ: SINT)
Sintx Technologies Inc. is another biotech penny stock performing well at the moment. This company creates silicon nitride ceramics. Its ceramic-based solutions are used in medical, industrial, and antipathogenic applications. The company sells silicon nitride powder, coating products, and more as well. Its wide breadth of products aimed at the material sciences market seems to be one of the reasons that SINT stock is so popular right now.
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On July 27th, the company announced that it has shipped its first order of FleX SN-PEEK composite. The President and CEO of Sintx, Dr. Sonny Bal said, “The shipping of our new FleX SN-PEEK product is a huge milestone for SINTX, and we couldn’t be more excited. We’re continuing to leverage the osteogenic and antipathogenic properties of silicon nitride for biomedical applications and believe this is a superior product that has many benefits.”
Since this announcement was made, SINT stock price has increased in the market. 5 days ago, SINT stock was at $1.57 per share on average. Now on July 30th, SINT stock closed at $1.70 per share. Its volume is more than three times its average on the same day as well. Noting the above, is SINT going to make it on your list of penny stocks to watch?
Blue Apron Holdings Inc. (NYSE: APRN)
Blue Apron Holdings Inc. is a company that is seeing a great deal of bullish sentiment in recent trading sessions. This company operates the Blue Apron Market, which is an e-commerce site for cooking tools, utensils, and other products. Blue Apron also operates a consumer platform delivering recipes and ingredients.
On July 19th, the company launched the Pass the Love boxes, intended to make home cooking more accessible. This was accomplished in collaboration with Partnership for a Healthier America. With more people at home right now and in the past year, the demand for Blue Apron’s services has risen during that time.
The President and CEO of the company, Linda Findley Kozlowski said, “The delicious and easy-to-replicate recipes included in the Blue Apron Pass the Love boxes were created to empower families to come together over a good meal and share lifelong skills in the kitchen.” These boxes will be available to order for a limited time with no subscription. Notably, former First Lady and PHA honorary chair Michelle Obama has commented on the project as well.
“Cooking meals with loved ones is not only a fun way to spend time, research shows it can actually improve your family’s diet. That’s why I’m so thrilled to see Blue Apron stepping up to create meal kits that are both affordable and easy to use—whether you’re a mom, dad, grandparent, or a kid.”Former First Lady, Michelle Obama
With this new information in mind and the backing of the former First Lady, will you add APRN stock to your watchlist?
Are These Penny Stocks Worth it or Not?
Right now, there is a sizable amount of bullish sentiment in the stock market. While there is also a lot of volatility and speculation due to the pandemic, there are plenty of opportunities to make money with penny stocks in 2021.
Considering this, it’s best to understand where each potential market could be headed and why. And, with all of this in mind, do you think that these penny stocks are worth it or not?