3 Penny Stocks For Your September Watchlist
After the first long weekend in a few months, investors are eager to find penny stocks to watch this month. And, September has already given several encouraging signs to traders, with major bullish momentum for both penny stocks and blue chips.
Despite a rather disappointing job report that came out last week, the S&P 500 and NASDAQ are hovering near all-time highs. It’s worth noting that some investors believe that a correction could be imminent.
To understand what could cause this, Gina Sanchez, the Chief Market Strategist at Lido Advisors, stated that “The first catalyst I see is just the fact that we have priced in very strong expectations. We’re going to hit huge GDP growth this year. Next year, we’re going to have lower GDP growth. Will it be strong? Yes, but it will be less than now.”
Sanchez goes on to state that the second catalyst to look out for is liquidity, and whether it increases or decreases in the coming months. This could be indicated by the Federal Reserve and what it chooses to do with its bond-buying program. And, with a Fed meeting scheduled for September 21st, investors should keep a close eye on the next few weeks. Considering all of this, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Watch in September
Meta Materials Inc. (NASDAQ: MMAT)
While Meta Materials is technically no longer a penny stock at $5.50 per share, it was only a few trading days ago. In the past five days, shares of MMAT stock have climbed by over 12% bringing its YTD gain to over 287% and twelve-month gain to over 950%. These are big numbers and are worth considering if you’re interested in MMAT stock.
For some context, this company sells a variety of functional materials and nanocomposites. Meta is involved in the design, development, and manufacturing of these products. Its products include NANOWEB, a transparent conductive film, holoOPTIX, a holographic optical component, and several other unique, high-tech products.
On August 12th, the company reported its second-quarter financial results for 2021. The company’s total revenue grew 197% during this period. In addition to this, its total revenue for the first half of 2021 grew by 88%. These numbers could help to explain why shares of MMAT stock have been rising in recent trading sessions. Meta Materials also recently announced the formation of a scientific advisory board to support its innovation and investment strategy. This board will help grow its current scientific advancements and develop new ones as well.
“The scientists who have generously agreed to join our Scientific Advisory Board will play an inspirational role, working closely alongside our own teams to challenge, validate and guide our scientific agenda – aligning our priorities with our customers and the world’s ever-evolving needs.”President and CEO of Meta Materials, George Palikaras
With all of these updates, we see that Meta Materials is working hard to continue growing. Considering this, will it make your penny stocks watchlist in 2021?
DarkPulse Inc. (OTC: DPLS)
DarkPulse Inc. is a tech penny stock that many investors have been focused on in the past few weeks. Over the past month, shares of DPLS stock have climbed by almost 70% and in the past six months by over 480%. This company develops, markets, and distributes a variety of laser-based monitoring systems.
These systems are used for monitoring various metrics including temperature, strain, and stress on everything from airplanes to mining operations. Because of the broad use cases for its products, DPLS has a wide market that it supplies; including governments and private entities as well.
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Specifically, this technology is known as BOTDA, which uses a range of critical metrics to see how well infrastructure is performing under stress and how it can be made better. On August 30th, the company finalized its acquisition of Remote Intelligence LLC and Wildlife Specialists LLC.
“These acquisitions bring capabilities for existing business through our subsidiary Optilan while expanding our services offerings immediately. Remote Intelligence not only allows platform integration with DarkPulse’s monitoring services by providing drone-based ‘eye in the sky’ capabilities but allows DarkPulse and Optilan to expand its current service offerings to new and existing customers.”Chairman and CEO of DarkPulse, Dennis O’Leary
The two company’s offer fully integrated drone-based and 3D modeled mapping for industrial companies, infrastructure inspection, border security, and more. Based on this new information, is DPLS a contender for your list of penny stocks to watch in September?
BEST Inc. (NYSE: BEST)
BEST Inc. is a penny stock that we have discussed several times in the past few months due to its momentum and constant market moves. If you’re unfamiliar, this company is a smart supply chain service provider in China.
BEST’s technology is used for network optimization, smart warehouses, store management, and more. Its technologies apply to a lot of aspects of the product industry, such as sorting line automation and order fulfillment. Throughout the pandemic, the demand for retail goods has skyrocketed. And as a result, BEST Inc. has capitalized upon the need for better and more efficient fulfillment tools.
On August 17th, the company reported its second-quarter financial results for 2021. BEST’s revenue decreased year over year, and it experienced a net loss instead of a gross profit the previous year. This occurred as a result of ‘refocusing’ by the company. While this may seem disheartening, it looks as though BEST Inc. is working to reposition itself and its business model. And, this could be a positive in the near future if it can meet all its goals.
“In the second quarter we continued to press forward with our strategic refocusing plan and build on the encouraging signs we are seeing in network stability, service quality, and cost reduction while adapting to the competitive industry landscape.
In particular, our Express continued to make progress in unit cost reduction and witnessed significant network improvement with enhanced service quality.”Founder, Chairman, and CEO of BEST Inc., Johnny Chou
Despite these less-than-stellar results, shares of BEST stock have increased in several recent trading sessions. Keeping this in mind, will BEST stock make your watchlist this month?
Are These Penny Stocks on Your Watchlist?
Finding the best penny stocks to watch all depends on what’s going on in the market. And with so many competing factors, it can be difficult to stay up to date with each and every one.
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However, if traders keep a close eye on the news, it can be much easier to try and predict future price movements. And in the stock market, those who are first on the scene can often escape with the highest chance of profitability. Considering this, are these penny stocks on your watchlist?