3 Penny Stocks to Watch in September 2021
With September only a day away, penny stocks continue to show a lot of potential. While finding penny stocks to buy can be easy, finding penny stocks that are worth it is where the challenge comes in. To understand how to make money with penny stocks, we first need to have a thorough understanding of what penny stocks are.
What Penny Stocks Are and How to Trade Them
Penny stocks are any security trading under $5 per share. These stocks can be listed on the OTC exchange, NASDAQ, NYSE, and others, but as long as they are under $5, they are considered a penny stock. This means that there are thousands of options to choose from. But, just like with any stock, investors need to do all the research they can to ensure that they know every detail about the stock they plan to invest in.
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When we compare penny stocks and blue chips, we see that penny stocks tend to be more volatile. This is due to high volume and low prices. And while volatility may seem like a scary prospect for some, for others, it presents a great opportunity to make quick gains. It is worth noting that high volatility can also mean quick losses if one is not careful. To take advantage of this, investors need to stay ahead of the game and work to commit to a trading strategy.
Any top investor will tell you that having a trading strategy and sticking to it will always be your best friend. And to that end, never trade with emotion, as it will always get in the way of making profits. So, considering all of this, let’s take a look at three penny stocks to watch next month.
3 Hot Penny Stocks to Watch Right Now
- Kosmos Energy Ltd. (NYSE: KOS)
- Bridgeline Digital Inc. (NASDAQ: BLIN)
- Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Kosmos Energy Ltd. (NYSE: KOS)
Kosmos Energy Ltd. is an energy company that focuses on the exploration and production of fossil fuel resources. The company primarily works on the development of deepwater oil and gas assets. Kosmos operates in the U.S. Gulf of Mexico, Equatorial Guinea, Ghana, Senegal, and Mauritania. It also has a proven basin exploration program as well. Because of its vast range of assets, many investors consider KOS to be quite diversified in the industry.
On August 8th, Kosmos Energy released its second-quarter results for 2021. The company’s net production for the quarter came in at 51,600 barrels of oil equivalent per day. Its sales of 66,200 barrels of oil per day resulted in a slight net over lift position. In total, Kosmos brought in $384 million in revenue in the second quarter. This is a major positive and even better when we consider the effects of the pandemic during that time.
“Kosmos delivered strong free cash flow in the second quarter. Through further debt reduction and EBITDAX growth, we expect leverage to continue to reduce through year-end 2021 and into 2022.”
Andrew G. Inglis, the Chief Executive Officer of Kosmos
Kosmos Energy has had some ups and downs in the market recently, but it has increased in price since these financial results were released. With this in mind, will KOS stock make your penny stocks watchlist before September begins?
Bridgeline Digital Inc. (NASDAQ: BLIN)
Bridgeline Digital Inc. is a tech penny stock that has shot up by over 20% in the past five days alone. This is quite a significant amount and brings its YTD gain to over 95%. If you’re unfamiliar, this company operates the Bridgeline Unbound platform, which allows developers and corporations to create websites, e-commerce shops, and web applications. It also has Brigeline Unbound Marketing which assists marketers to improve tier sites through targeted and personalized marketing automation.
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So why is BLIN stock going up so much in the market? Well, in the morning on the 30th, Bridgeline announced the expansion of its investment into its Hawksearch BigCommerce Integration. Hawksearch is an AI-powered search, recommendations, and personalization app. The goal is to expand its offering to its BigCommerce users. This would be a big move for the company, and one that could hopefully help it to continue growing.
“We’re excited to strengthen our commitment to our BigCommerce partnership by developing new revenue growth opportunities for their user-base.”
The CEO of Bridgeline Digital, Ari Kahn
Hawksearch has been a preferred partner of BigCommerce technology since 2019. Following a month of decline in the market, BLIN stock is now starting to perform well again. Keeping this in mind is BLIN a contender for your list of penny stocks to watch?
Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Citius Pharmaceuticals Inc. is a biotech penny stock that has pushed up by around 12% in the past five days and by around 16% in the past month. This company develops and commercializes products for medical critical care. Its main focus is treating cancer, creating anti-infectives, prescriptions, and more. The company’s Mino-Lok product is for those with catheter-related bloodstream infections and is currently in Phase 3 clinical trials.
On August 12th, the company released its third fiscal quarter financial results and a business update. In the update, the company stated that it held $115.7 million in cash and cash equivalents as of June 30th, 2021. Citius plans to use this money for pipeline development and long-term growth. Its Mino-Lok Phase 3 superiority trial is advancing after an independent Data Monitoring Committee recommendation to proceed without any modifications.
“During the quarter, we made progress with all of our programs despite the ongoing challenges of conducting preclinical work and clinical trials during the extended COVID-19 pandemic.”
President and CEO of Citius, Myron Holubiak
Right now, there is a sizable focus on the biotech industry. And as a popular biotech penny stock, CTXR has made some big waves in the past few months. With all of this in mind, will CTXR stock be on your penny stocks watchlist in September?
Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy is all about understanding where to look. With so many choices in the stock market, it can be difficult to pick the best ones for your list.
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However, with the right research and trading education, making money with penny stocks is entirely possible. So, considering all of this, which penny stocks are you watching right now?
