4 Penny Stocks For Your September Small-Caps Watchlist
With September taking a bullish turn for penny stocks, many investors are looking for the best small-caps to buy. This process should be cumbersome, as finding winning penny stocks is not easy. But, there are a few ways to expedite the process.
First and foremost is the research stage. This is where investors look at everything from balance sheets to upcoming events and any speculative announcements that have been made or will be made. The research stage should be the most time-consuming, as it will illustrate all the necessary information for both short and long-term traders.
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Next, investors should have a thorough understanding of what the company does, and what it has planned for its business in the future. This could help to identify where the value is at present, and where it could be in the coming months.
And lastly, figure out an individualized trading strategy that aligns with your portfolio goals. This will help to ensure that the stocks you pick align with your threshold for risk. So, with all of this in mind, let’s take a look at four penny stocks to watch in September 2021.
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4 Penny Stocks to Watch in September 2021
- Globalstar Inc. (NYSE: GSAT)
- SOS Limited (NYSE: SOS)
- Asensus Surgical Inc. (NYSE: ASXC)
- Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
Globalstar Inc. (NYSE: GSAT)
One of the companies we’ve discussed frequently since the start of the year is Globalstar Inc. While 2021 has been a strong year for the company, the latest excitement has been significantly stronger than in months past. That began when Apple analysts for AppleInsider Ming-Chi Kuo explained that Apple Inc. (NASDAQ: AAPL) “could partner with” Globalstar.
In particular, Kuo said, “There are many potential scenarios for Apple’s business model cooperation with Globalstar…The simplest scenario is that if the user’s operator has already teamed with Globalstar, the user can directly use Globalstar’s satellite communication service on the iPhone 13 through the operator’s service.”
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Since then GSAT stock has been on the move and extremely volatile over the last few days. Now, heading into the first week of September, eyes are on the penny stock following the company’s latest filing. In an 8-K this week, the company showed receipt of added advance payment of $37.5 million from a customer. The proceeds from this payment have been earmarked to pay back a portion of its outstanding first-lien credit facility.
Thanks to this, momentum has come back into the stock with shares surging during premarket on September 2nd. Globalstar provides customizable satellite solutions for its global customers in myriad industries. These include energy, transportation, emergency management, and government among other things. Thanks to the Apple-related speculation and recent filing, GSAT stock could be one to watch heading into the last month of Q3.
SOS Limited (NYSE: SOS)
SOS Limited is a tech penny stock that has climbed by over 10% in the past five days. This brings its YTD gain to over 98%, which is no small feat. If you’re unfamiliar with SOS, it is a company that offers data mining services in China. Specifically, SOS offers marketing data, technology, and solutions for a variety of companies. SOS’s services are provided to the insurance industry, medical rescue, health care, and many other types of companies. And in the past year or so, it has also moved into the blockchain and crypto market as a way to diversify its business.
On June 21st, the company entered a joint venture agreement with Niagara Development to accelerate its blockchain operations into the United States. The joint venture is expected to carry out crypto mining operations and construct an international standardized digital super computing custody operation center.
“SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance, and other industries. We decided to acquire a sustainable power supply as far as possible, as we expand our blockchain operations into North America and look forward to successful operation of the joint venture.”
The Chairman of SOS, Yandai Wang
In the last 5 days, SOS stock has gone up substantially in the market. Keeping this in mind, will SOS make your penny stocks watchlist?
Asensus Surgical Inc. (NYSE: ASXC)
Asensus Surgical Inc. is a biotech penny stock that increased in value on September 1st. We’ve been covering ASXC stock for quite some time due to its medical breakthroughs and continued momentum in the market.
For some added context, Asensus is a medical device company that researches, develops, and sells medical device robotics to enhance minimally invasive surgery. Its process involves digitizing the interface between the surgeon and patient to modernize performance-guided surgery by unlocking assisted-clinical intelligence for surgeons.
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On September 1st, the company received FDA 510k clearance for the expansion of machine vision capabilities on its previously cleared Intelligent Surgical Unit. The Intelligent Surgical Unit is utilized with its Senhance Surgical System, enabling Digital Laparoscopy. New features include 3D measurement and enhanced camera control.
“The addition of these pioneering digital capabilities on our existing surgical platform provides real-time intraoperative digital tools to surgeons and underscores our commitment to delivering our vision for Performance-Guided Surgery.”
President and CEO of Asensus, Anthony Fernando
On the day of this announcement, ASXC stock went up 0.91% in the market. Keeping this in mind, is ASXC stock a contender for your list of penny stocks to watch?
Electrameccanica Vehicles Corp. (NASDAQ: SOLO)
Electrameccanica Vehicles Corp. is a development-stage automotive company that develops, manufactures, and sells electric vehicles in Canada. Its main product is the SOLO, which is a single-seat EV aimed at the commuter market.
Right now, the focus of most EV manufacturers is on replacing current automobiles. However, not many are working on the issue of short-term commuting. In addition to the SOLO, it is working on the Tofino which is a fully electric two-seat roadster. It’s worth noting that the company also develops and manufactures custom-built vehicles. Currently, its vehicles are sold through its e-commerce website and 10 retail locations.
At the end of August, the company showcased its flagship SOLO electric vehicle at the Advanced Clean Transportation Expo 2021. The company offered test drives of the SOLO vehicle at the event. The starting price point of the product is $18,500 and can go up to 80 miles per hour. But again, this product is aimed at the commuter market, which is relatively untapped at this point.
CEO Paul Rivera said, “Our attendance at the event is aligned with our company mission to maximize efficiencies; visitors will see that it’s ideal for pizza, grocery, small parcel, and post deliveries.” In the last 5 days, SOLO stock has gone up in the market, signifying the companies commitment to innovation and improving its business. So will SOLO make your penny stock watchlist in September?
Will Penny Stocks Stay Bullish in September?
Finding the best penny stocks to buy this month is all about understanding what the market is doing. And with Covid still wreaking havoc, many are concerned about the unknowns that the future may hold. This has led to heightened volatility across penny stocks and blue chips.
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But, with so many penny stocks to choose from, this volatility can be an advantage if used properly. Considering all of this, do you think that penny stocks will stay bullish in September?
