Are These Penny Stocks On Your Watch List Right Now?
If you’re looking for some of the cheapest penny stocks to watch, you’ve got a lot of choices. In most cases, these low-priced stocks trade anywhere from $0.0001 to $5. In today’s article, we’ll take a look at stocks under $1. They’re some of the most volatile. But with lower prices, that also means potential for quick breakouts. Throw in the broader market’s wild trading, which could make for an exciting situation presented to investors right now.
Is it just a few select industries to watch, or is momentum coming in from multiple directions in the stock market today?
Penny Stocks To Watch Right Now
You’ve got your pick: Tech, consumer goods, entertainment, and even biotech are all on the list today. With the way the stock market has attempted to recover following Monday’s breakdown, traders are searching for reasons to become bullish again. Will some of these companies be on your list of penny stocks to watch before the end of September as markets try to rebound?
- Alpha Esports Tech (OTC:APETF)(CSE:ALPA)
- Reed’s Inc. (NASDAQ:REED)
- Eros STX Global Corporation (NYSE:ESGC)
1. Alpha Esports Tech
One of the emerging industries gaining steam right now is Esports. This new digital entertainment medium has attracted thousands of new participants and viewers across the globe. It’s even been one of the areas of the market gaining interest from professional athletes and institutions alike.
Alpha Esports went public earlier in 2021 and worked quickly to secure its place within this new industry. One of the core initiatives in play right now is the company’s focus on partnerships. If you look at the last few months of updates, it involves more than ten new partnerships, which all expand the company’s global reach and, more importantly, accessible userbase. Built on the backbone of Alpha’s GamerzArena platform, the company is building a unique ecosystem that includes novice and professional gamers alike. It also folds in gamer development offering a way for players to be scouted and made into pro athletes.
On top of this, according to the company, it has already partnered & worked with HUGE names in sports, entertainment, and education, including The New Jersey Devils, The Vancouver Whitecaps, Barstool Sports, ESPN Radio, Devil Child, Oxygen Esports, Notre Dame, Syracuse University, and Penn State to name a few. Most recently, Alpha Esports Tech became the Official Online Gaming Portal of Nets Gaming Crew, the NBA 2K League affiliate of the Brooklyn Nets. Spanning the global scale, including India, Brazil, and North America, Alpha is quickly building a solid footing in the market.
Something else attracting attention aside from company news is Alpha’s leadership and advisory board. It includes experienced names from leading companies, including Red Bull, Reel One Entertainment, The Golden State Warriors, Mount Sinai, Victory Square Technologies, Activision, and Atari, to name a few.
2. Reed’s Inc. (NASDAQ:REED)
Another one of the penny stocks to watch recently is Reed’s Inc. The beverage manufacturer has grown in popularity thanks to increasing interest in alternative beverages. Reed’s product portfolio includes a unique mix of beverage brands like Reed’s ginger-based beverages, Virgil’s craft sodas, and Flying Cauldron non-alcoholic butterscotch beer. The company prides itself on using natural ingredients and no GMOs.
The last few weeks have seen an uptick in trading activity from REED stock. Insider trading helped spark some of this momentum in the stock. Toward the end of August, company director John Bellow picked up 135,000 shares of REED stock at an average price of $0.72. This added to his already significant stake in the company. With this latest purchase, Bello’s stake via John and Nancy Bello Revocable Trust was brought to over 3.6 million shares. Additional buying came last week with an additional 100,000 share purchase from Bello’s Trust.
With reopening efforts going full-steam ahead, consumer stocks have come into focus. As insiders continue buying up REED stock, the market has seen above-average daily trading volumes persist and has given a reason for this to be on the penny stocks watch list.
3. Eros STX Global (NYSE:ESGC)
When you talk about reopening and new tech, you can’t ignore streaming entertainment. It’s become a mainstay with “cord-cutting” no longer a novel idea. An increasing amount of streaming services have emerged that I’m sure even the creators of Netflix never thought would come about. That has brought a massive need for more content. Companies like Eros aim to fill that void.
The company specializes in entertainment production, including its films, as well as acquiring other brands. Its partners include Universal Pictures Home Entertainment and Showtime. Thanks to a spark of sympathy momentum stemming from Helbiz Inc. (NASDAQ:HLBZ) this morning, streaming stocks are gaining ground. In particular, Helbiz announced a new partnership with Amazon Prime, which has helped bring some optimism to related stocks.
What’s also important to note is Eros has solidified its relationships with top streaming platforms as well. Earlier this month, the company closed a deal for Peacock and The Roku Channel to premiere its production, My Son. With this as the backdrop, ESGC stock has continued climbing over the last few weeks and remains on the list of penny stocks to watch right now.
Penny Stocks & Volatility
Putting together your list of penny stocks to watch can involve many factors. What are recent catalysts to look at? Are there upcoming events that could impact stocks? What are the broader market or sector trends that may play a role? Also, in the case of different industries, is sympathy momentum affecting related stocks? There are a lot of things to consider before buying penny stocks. The most important thing is understanding how to trade and profit from moves in the market.
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