3 Penny Stocks For Your Watchlist in Late 2021
With August breezing by, which penny stocks are investors watching right now? Well, to understand this and to make the best penny stocks watchlist, there are a few things to consider. Right now, we are coming to the end of earnings season. In the past few weeks, we’ve seen tech penny stocks post record numbers, indicating solid bullish sentiment right now.
While some investors fear that we could be nearing a high point, others think this could be the beginning of a post-pandemic economy. Either way, there is plenty of bullish movement for penny stocks investors to take advantage of. While it isn’t a penny stock, today’s massive 50% spike for Robinhood Markets Inc. (NASDAQ: HOOD), is a great indication that investors are hopeful about the future. We haven’t witnessed momentum like this with a big name blue chip stock in months.
And while trading in the past month or two has been slower as a result of uncertainty regarding the pandemic, we could be on the way to a bright future. A lot depends on the next few weeks, and what occurs with the Delta variant. While cases are spiking right now, higher vaccine rates could mean a drop if we hit the peak. So, with all of these factors in mind, let’s take a look at three penny stocks to watch in the second half of 2021.
3 Penny Stocks to Watch in the Second Half of 2021
- Dare Bioscience Inc. (NASDAQ: DARE)
- Amarin Corporation plc (NASDAQ: AMRN)
- Borqs Technologies Inc. (NASDAQ: BRQS)
Dare Bioscience Inc. (NASDAQ: DARE)
One biotech penny stock to watch right now is Dare Bioscience Inc. This company creates products that are centered on women’s health. Its therapeutics are created for contraception, fertility, sexual health, and more.
Dare currently has many projects in the pre-clinical and clinical trial stages. In the biotech industry, a company with a broad pipeline of compounds is always one that could be worth keeping an eye on. Because Dare has several projects in the works, it looks like it could be considered a more diversified play right now.
On July 12th, Dare announced a collaborative research agreement with the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) for the pivotal Phase 3 study of Ovaprene. Ovaprene is an investigational hormone-free monthly contraceptive product made by the company. Collaborative research agreements can be a major benefit to both parties as they allow for expedited research and the potential for a faster drug approval.
“Grant funding previously provided by NICHD supported the conduct of our pre-pivotal clinical study of Ovaprene. With this CRADA, we have the opportunity to leverage NICHD’s experience in the design and execution of contraceptive studies, as well as continued funding to support the development of Ovaprene.”The President and CEO of Dare, Sabrina Martucci Johnson
This company also just presented at the 2021 Controlled Release Society Virtual Annual Meeting at the end of 2021. With all of this to keep in mind, is DARE a contender for your penny stock watchlist?
Amarin Corporation plc (NASDAQ: AMRN)
Amarin Corporation plc is a biotech penny stock that creates therapeutics for cardiovascular diseases. In the U.S. and abroad, cardiovascular diseases are extremely prominent, and one of the leading causes of death. Its lead therapeutic product is VASCEPA, which is used to help those with severe hypertriglyceridemia. Currently, Amarin has a collaboration project with Mochida Pharmaceutical Co. Ltd. to develop and commercialize drugs based on the active ingredient in VASCEPA.
While Amarin Corporation has not released many recent updates the company will be reporting its second quarter and six-month financial results on August 5th, 2021. The company will also be holding a conference call on the same date. One day before the report, AMRN stock went up 3.26% in the market. Its volume was also more than double its market average. It will be interesting to see what Amarin reports in these new financial results.
With biotech penny stocks or any stocks for the matter, balance sheets give great insight into what the company is doing. These are important for investors to consider as they can determine whether a company is worth investing in or not. For now, will AMRN make your list of penny stocks to watch?
Borqs Technologies Inc. (NASDAQ: BRQS)
Borqs Technologies Inc. is a tech penny stock that creates products for smart devices and cloud service solutions. The company’s BorqsWare software platform, which includes the BorqsWare client software, is in use in Android phones, tablets, watches, and more.
This company’s products are sold to mobile chipset creators, mobile device equipment companies, among many others. During the pandemic, the demand for products like these has shot up dramatically. With a supply shortage for chips used in mobile devices, it looks like BRQS could be in an advantageous position moving forward.
On July 22nd, Borqs announced that it has formed a joint venture with Huzhou to build a 1.9 million sq. ft. 5G Industrial Park. The $110 million project has received bids from several real estate developers already. The developer bidding and selection process is expected to end in the third quarter of 2021. In other recent news, the company’s annual general meeting of shareholders will take place on August 6th.
As stated earlier, meetings and announcements should always be a part of your investing strategy. With the internet, everyone has access to events like these. And, if BRQS is on your penny stocks watchlist, you may want to take a look at the minutes from this meeting. Considering all of this information, will BRQS stock make your watchlist in August?
Which Penny Stocks Are On Your Watchlist Right Now?
With momentum beginning to pick up in the stock market once again, investors are beginning to show hope for the near future. While it may take some time before the pandemic switches directions, in the meantime, investors could use this as an advantage.
When there are large factors like the Delta variant impacting the market, there are always opportunities as a result. Considering all of this, which penny stocks are on your watchlist right now?