best high growth penny stocks to watch now

Are These Penny Stocks on Your High-Growth Watchlist?

Finding the fastest-growing penny stocks to buy can be challenging. With so many factors influencing the market in 2021, staying up to date with everything at once is undoubtedly a daunting task. But, with a few simple tools at your side, investing in penny stocks in 2021 can be much easier than previously anticipated.

Now, everybody wants to be first on the scene to the next high-growth penny stock. And while it is nearly impossible to predict major gains in the stock market without ESP, there are some indicators that investors can use to put them ahead of the game. 

Finding Valuable Penny Stocks in 2021 

The first, and one that may seem quite obvious is research. But, this is a step that too many investors fail to use. While going off of hype or whether a penny stock is trending can work for some, finding out all the information through public data is a much more reliable strategy. 

With the power of the internet, every trader has access to virtually any information they could need about a given penny stock. So, look through balance sheets, check upcoming announcements, and make sure that you are in the loop. 

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The next aspect to consider is the more speculative factors that are impacting a company. This could be rumors, presentations, or other events that could have a sway on pricing. With penny stocks, this is a golden rule as they tend to be extremely speculative. So, use this as an advantage, and stay at the forefront of the news. 

While these two strategies will not make you a millionaire overnight, they can help to give you a path to finding the best penny stocks to watch. With all of that in mind, let’s take a look at three that could be worth keeping an eye on in 2021. 

3 Penny Stocks For Your Watchlist Right Now 

  2. Globalstar Inc. (NYSE: GSAT
  3. Inpixon (NASDAQ: INPX

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD is a mining penny stock that has been climbing during several recent trading sessions. If you’re unfamiliar, IAMGOLD is a company that explores for, develops, and operates various gold mining properties. These properties are located primarily in The Americas and West Africa. IAMGOLD holds interest in the Rosebel mine, Essakane mine, Westwood mine, Diakha-Siribaya project, and more.

On August 4th, the company reported its second-quarter results for 2021. This was a hard quarter for IAMGOLD, which is still recovering from many of the effects of the pandemic over the past year and a half. The company’s revenue fell quarter over quarter and year over year. Its gross profit and adjusted EBITDA fell as well. While this may seem disheartening, there is always an ebb and flow, and this is especially true when it comes to gold stocks. 

“The second quarter of 2021 was challenging primarily because production from our Rosebel mine was unexpectedly adversely affected by unusually heavy rains and an increase in COVID-19 cases in Suriname, in addition to difficult industrial relations.”

President and CEO of IAMGOLD, Gordon Stothart

While this seems bad on the surface, IAG stock is performing rather well in the market on September 3rd. The company’s volume is also much higher than its average at the moment. Keeping this in mind, will IAG make your list of penny stocks to watch?


Globalstar Inc. (NYSE: GSAT)

Globalstar Inc. is a tech penny stock that many investors have been watching in the past few weeks. This company offers mobile satellite services, two-way voice and data products, safety communications equipment, and more. Its SPOT satellite GPS messenger is used for personal tracking, emergency location, and messaging.

A huge development just caused GSAT stock to skyrocket in the market. At the end of August, a report was released from MacRumors stating that the next iPhone from Apple will likely have satellite communications. This technology would allow users to make calls from places they do not have phone service.

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Some have speculated that Globalstar will provide Satcom services to Apple. Bloomberg reported that its rival Iridium Communications won’t be the provider, which is great news for the company. Bloomberg also reported that Apple is in fact making satellite capability aimed at allowing users to report emergencies in areas that do not have cell coverage.

It’s important to keep in mind that these are only rumors, and there is no confirmation that Globalstar will be working with Apple. However, the prospect of an event like that occurring would be exciting for GSAT stock. As a result, GSAT stock has risen substantially in recent trading days, and its volume is much higher than its average. So will GSAT stock be on your penny stocks watchlist in September?


Inpixon (NASDAQ: INPX)

Inpixon is a penny stock that has climbed by almost 7% in the past week or so. This is a company that specializes in indoor data, specifically the detection of cellular, Wi-Fi, and other types of devices.

Inpixon’s indoor intelligence platform allows those who utilize it to increase revenue, decrease costs, and enhance safety. Some of its customers include entertainment venues, large-scale sports arenas, and more. And with vaccine rates higher than ever, many investors are hopeful about INPX as a potential reopening penny stock to watch. 

The latest update from INPX shows that on September 8th, the company will hold a demo day to show the latest in indoor intelligence technology. This ‘demo day’ will display smart office apps, maps, RTLS, and augmented reality. This event will take place from 4:30 pm to 5:30 pm eastern time.

This will provide investors insight into Inpixon’s business outlook and its product developments. For investors in INPX stock, this is the next big date to look out for. A few days before the event on September 3rd, INPX stock is up 0.95% in the market. So with this information in mind, will INPX be on your list of penny stocks to watch?


Are These Penny Stocks Worth it or Not?

Deciding whether a penny stock is worth it or not can be challenging. The best way to answer that question is to first understand what type of trader you are. If you’re looking for short-term growth, certain penny stocks may be better suited to you.

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And if the opposite is true, then there are other penny stocks that may be worth it. But, know what your investing strategy is and how to use it as an advantage. Considering all of this, which penny stocks are on your watchlist right now?

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