3 Penny Stocks That You Need to Know About in 2021
With September already halfway done, which penny stocks are investors watching right now? Well, given the heightened interest in penny stocks from retail traders, there are plenty that could be worth keeping an eye on.
To understand how to find the best penny stocks to buy, there are a few things that all investors should keep in mind. For one, make sure you have a thorough understanding of the current state of the stock market. With so many factors including Covid, inflation, and certain geopolitical events, it can be difficult to keep track.
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And as a result, there is also heightened volatility with both penny stocks and blue chips right now. In line with this is our next point. Have a trading strategy and never deviate from it. This is something that many investors will tell you, and can save you from losing money in the long term.
Developing a proper trading strategy will help to avoid unnecessary losses, and it will also help you to invest in stocks that offer a risk threshold that you are comfortable with. Considering all of this, let’s take a look at three penny stocks to watch for your 2021 watchlist.
3 Penny Stocks For Your 2021 Watchlist
- Ampio Pharmaceuticals Inc. (NYSE: AMPE)
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
- Waitr Holdings Inc. (NASDAQ: WTRH)
Ampio Pharmaceuticals Inc. (NYSE: AMPE)
Ampio Pharmaceuticals Inc. is a biotech penny stock that has shot up by around 8% in the past five days. In the past month, shares have skyrocketed by around 16% which is quite substantial as well. For some context, AMPE is a company that develops products to treat prevalent inflammatory conditions. In order to do this, Ampio develops immunology-based therapies for treatment.
Currently, the company is developing AP-016 which is in Phase 1 / 2 trial to treat COVID-19 patients with respiratory illness. The company also has AP-014 which is for COVID-19 induced respiratory distress. Right now, there is a major focus on companies working on treatments for Covid, which could be one of the reasons that shares are pushing up.
On September 15th, the company released top-line results from its AP-013 Phase 3 study of Ampion in adult patients with severe osteoarthritis of the knee. Ampion showed a statistically significant reduction in pain and improvement in function at 12 weeks in severe OAK patients. The company’s current cash runway of about 12 months is expected to provide sufficient near-term liquidity and flexibility to support its business operations.
“I am also very pleased with our current cash and liquidity runway, which we believe is sufficient to support our basic operations and expected incremental spend for current and ongoing clinical trials for approximately twelve months, while we continue regulatory and partnering discussions related to Ampion. We will complete the analysis of the AP-013 study and present all data to the FDA with the goal of filing a BLA for Ampion.”
President and CEO of Ampio, Mike Macaluso
On the day of this announcement, AMPE stock price went up by over 18% in the market. The company’s stock volume is also almost 8 times higher than its market average. So will AMPE stock be on your watchlist this month?
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is an industrial penny stock that we have discussed plenty of times in the past few weeks. In the past five days, shares of SHIP stock have climbed by over 17% and over 27% in the past month.
Over the last year, shares of SHIP stock have climbed by over 180% and in the past twelve months by over 230%. Seanergy’s business is built on the transport of dry bulk commodities by sea. Primarily, the company transports both iron ore and coal. As of early 2021, the company had 11 Capesize vessels in total, but this number has increased since then.
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On September 8th, the company took delivery of its 17th Capesize vessel, the M/V Worldship. Seanergy has engaged in the immediate commencement of period charter for the vessel. This is the 6th Capesize delivery that the company has completed in 2021 thus far. This vessel was purchased with cash on hand, and the company is in advanced discussions with a leading bank to finance part of the acquisition cost.
“Including this delivery and the sale of the M/V Leadership, 94% percent of our fleet is employed under period time charters, 87% of which are index-linked T/Cs. This allows us to fully utilize our fleet in order to capitalize on the robust market rates.”
Chairman and CEO of Seanergy, Stamatis Tsantanis
In other recent news, Seanergy recently participated in the H.C. Wainwright 23rd Annual Global Investment Conference. It also just participated in the 20th Annual Marine Money Week Asia. Keeping all of this in mind, will SHIP stock be on your penny stocks watchlist in September?
Waitr Holdings Inc. (NASDAQ: WTRH)
Waitr Holdings is a classic example of a meme stock that has climbed and then fallen substantially in the past year. This morning, we saw some bullish price action with WTRH stock, after it pushed up by over 5% in morning trading.
However, the overall trend for WTRH stock right now seems to be quite bearish. Despite this, in the past few trading days, it looks like investors have been showing more interest in the food delivery company. And for that reason, it could be worth taking a closer look at. Waitr Holdings operates a delivery and online ordering platform along with Bite Squad and Delivery Dudes.
While larger competitors focus on big markets, Waitr Holdings has a strong focus on smaller and medium-sized U.S. markets. It claims to serve over 900 cities in the U.S. which is quite a substantial reach. So, considering that the pandemic has increased the demand for online-ordering services substantially, Waitr Holdings could continue to see heightened interest in its products. So, with all of this in mind, will WTRH stock be on your list of penny stocks to watch?
Penny Stocks Are Worth It If You Know Where to Look
Finding the best penny stocks to buy is easy if you have the right tools at your disposal. But, it does take both time and research to be done correctly. In 2021, there is plenty of opportunity with penny stocks that investors can take advantage of.
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And as a result, making money with penny stocks in September is entirely possible. So, spend the time finding out everything you can about a given company, and use that to your advantage. Considering all of this, it’s no wonder that so many investors are interested in penny stocks right now.
