Are These Popular Penny Stocks Worth Watching in August?
Right now, the market on penny stocks is hot. This is marked by high volume and several days with overwhelming bullish sentiment. While not all penny stocks are worth buying, with the right research it can be easy to find the ones that are. In August 2021, there are a few things on the table right now that investors should consider.
For one, there is a large focus on tech penny stocks and blue chips. Following the acquisition of Afterpay by Square Inc. (NYSE: SQ) for around $29 billion, many investors are seeing a renewed interest in the tech industry. In addition to this, we are once again witnessing the bullish rise of meme stocks as more short squeeze situations come into play. This includes companies such as Support.com (NASDAQ: SPRT), which is up by almost 50% in the past month alone.
And lastly, the impact of the Delta variant continues to stir uncertainty and fear into the mix. As you can see, there is a lot to consider if you plan to invest in penny stocks. But, considering all of this, let’s take a look at three popular penny stocks to watch right now.
3 Popular Penny Stocks to Watch Right Now
- Meten EdtechX Education Group Ltd. (NASDAQ: METX)
- Regulus Therapeutics Inc. (NASDAQ: RGLS)
- Cinedigm Corp. (NASDAQ: CIDM)
Meten EdtechX Education Group Ltd. (NASDAQ: METX)
Meten EdtechX Education Group Ltd. is a penny stock that provides English language training services. Its services are offered under the Meten and ABC brand names. As of December 31st, 2020, the company had 105 learning centers in 38 cities, as well as 13 franchised learning centers. Let’s look at the latest that has come from Meten EdtechX Education Group.
On July 21st, Meten EdtechX announced a 316.9% increase in gross billing and a 240.9% increase in student enrollment for its Junior English language training business in the first half of 2021. The company also recently announced that during China’s 618 Shopping Festival on Tmall.com, it maintained the spot for the number 2 language training services sales on the site. Meten has released other updates recently that may have an impact on its stock price.
The company announced that it will enhance its online-merge-offline services for students last month. Online-merge-offline services take the advantage of traditional offline education and combine them with the attributes of online education to create meaningful learning experiences.
Since the start of 2021, the company has completed the delivery of 84,000 class hours of its offline courses through this system. It also announced the exercise and closing of the underwriter’s over-allotment option. With all of this recent information to note, is METX a contender for your penny stock watchlist?
Regulus Therapeutics Inc. (NASDAQ: RGLS)
Regulus Therapeutics Inc. is a biotech penny stock that creates drug candidates for treating a wide range of diseases. The company is involved in the discovery and development of various drugs such as RG-012 which is in a clinical trial to treat Alport syndrome. Regulus is also developing RGLS4326 which is in Phase 1 development to treat kidney disease. While its focus is rather specific, the company aims for high-need markets with little to no clinical treatments available.
On June 25th, Regulus Therapeutics presented additional data from its autosomal dominant polycystic kidney disease program. This presentation took place at the PKD Connect 2021 conference. The President and CEO of the company, Jay Hagan said, “These exciting results lend further support to the therapeutic potential of RGLS4326 in ADPKD and also bring us a step closer to our mission to improve the lives of patients suffering from this disease.”
In the past five days, shares of RGLS stock have shot up by almost 8%. And since November of last year, RGLS stock is up by over 55%. Following this conference, it will be interesting to see where RGLS goes in the coming months. But, as an interesting biotech penny stock, it could be worth adding to your watchlist in August.
Cinedigm Corp. (NASDAQ: CIDM)
One of the more frequently discussed penny stocks out there right now is Cinedigm Corp. If you’re not familiar, Cinedigm is an entertainment company that distributes movies, television shows, and other forms of content. It also owns distribution rights to a large variety of titles, which are offered to brands such as the NFL, NHL, Hallmark, among many others. Its content is also distributed to streaming platforms such as Netflix, Hulu, and Amazon Prime.
Only a few weeks ago, the company made a big announcement that could be worth looking into. Cinedigm announced on July 28th that it has partnered with Exeest to power its Fandor film submission portal. Fandor is a company that Cinedigm purchased earlier this year and holds a global library of more than 4,600 film titles.
This partnership will allow independent filmmakers to have the opportunity to submit their films to be considered for Fandor’s platform. After a filmmaker has been selected, they will receive access to Exeest’s cloud-native sales asset management system. In addition, the Fandor platform already offers a large array of content and value propositions for CIDM investors to consider.
“Cinedigm continues to embrace new technology as part of our goal to exceed the needs of our content partners as well as to provide the best user experience to our audiences. It is exciting to partner with an innovative partner like Exeest who shares our vision of the future of digital filmed entertainment that provides a path forward for independent filmmakers.”Tony Huidor, the Chief Technology & Product Officer of Cinedigm
As an entertainment company, Cinedigm has benefitted greatly from the impact of the pandemic. With more people at home or choosing to forgo in-person entertainment, the demand for Cinedigm’s products is high right now. With this new info in mind, will CIDM stock make your watchlist?
Are These Penny Stocks Worth it or Not?
Finding the best penny stocks to buy is all about understanding where to look. With so many varying factors to consider, it can seem difficult to stay up to date with each and every one.
However, with the right research on hand, and a commitment to educating yourself on how to trade, making a profit with penny stocks can be possible. Considering this, do you think that these penny stocks are worth it or not?