3 Penny Stocks to Watch Next Week in Mid-October
With a mostly bullish October following a less than stellar September for penny stocks, investors are excited about what the future could hold. Early on Friday, October 8th, the Dow Jones Industrial Average rose by around 13 points while the S&P 500 futures rose by around 0.2%.
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This essentially means that trading is flat following the jobs report that came out. The report stated that the economy only added around 194,000 jobs in September, which is disappointing considering the Dow Jones estimate of 500,000. However, the rate of unemployment managed to fall much lower than analysts expected at around 4.8%.
“This jobs number could call into question the starting point for taper late this year. There are lots of positives in the report, like an uptick in the average hourly earnings, but not enough to sugarcoat the fact that the employment picture remains murky with all the Covid related cross currents.”
Jamie Cox, a Managing Partner at Harris Financial Group
Of course, we have to consider that Covid is still very much around and is causing uncertainty in the market. And while cases have declined substantially in the U.S., there is still quite a lot of fear in the stock market. So, considering that investing in penny stocks in 2021 is not easy, there is still plenty of momentum to take advantage of. With that in mind, here are three penny stocks to watch for next week’s watchlist.
3 Penny Stocks For Your Mid-October Watchlist
- BEST Inc. (NYSE: BEST)
- B2Gold Corp. (NYSE: BTG)
- Senseonics Holdings Inc. (NYSE: SENS)
BEST Inc. (NYSE: BEST)
In the past five days, shares of BEST Inc. have climbed by over 24%. This is quite substantial and is one of the reasons that investors are watching BEST stock right now. For some context, BEST Inc. is a tech company based in China. The company operates the BEST Cloud platform which allows people to operate their businesses through SaaS-based apps. Its tech is used in the industries of route optimization, smart warehouses, store managing, and much more. Additionally, it offers express delivery services and a real-time bidding platform.
Back in August, the company released its second-quarter financial results for 2021. The company experienced a net loss, gross loss, revenue loss, and a negative EBITDA. This occurred because of a lower average selling price in express and freight. This was partially offset by higher volumes in both of those business units. The company is now refocusing its attention on different aspects of its business to strengthen its balance sheet.
“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.”
Founder, CEO, and Chairman of BEST Johnny Chou
In the last month, BEST stock has been climbing upwards in the market. On October 7th alone, the company’s stock price shot up by over 8% in the market. Its volume is also much higher than its average right now. Keeping this in mind, will BEST stock make your October watchlist?
B2Gold Corp. (NYSE: BTG)
B2Gold Corp. is a mining penny stock that has climbed by over 6% in the past five days. This company produces gold at three operating mines that are located in different parts of the world. It actively operates the Fekola Mine in Mali, Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. Additionally, B2Gold has an 81% interest in the Kiaka Project in Burkina Faso.
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On September 14th, the company updated the payment date for its third quarter 2021 dividend. This is a cash dividend worth $0.04 per common share. The payment date for the dividend has changed, as shareholders on record as of the close of Wednesday, September 22, 2021 will receive payment on Wednesday, September 29th, 2021.
This is the latest update that has come from B2Gold Corp. BTG stock has increased in the market in the last 5 days which could be due to both its business and the current environment in the gold industry. On October 1st, BTG stock was at $3.40 per share on average. Now on October 8th, the company’s stock price has reached around $3.70 per share. With all of this in mind, will BTG stock be on your October penny stocks watchlist?
Senseonics Holdings Inc. (NYSE: SENS)
Senseonics Holdings Inc. is a biotech penny stock we have discussed numerous times in the past few months. Over the last YTD and one-year periods, shares of SENS stock have shot up by over 250% and 725% respectively. These are major gains that reflect both the bullishness of the biotech industry and Senseonics’ products. If you’re not familiar, SENS is a company that offers continuous glucose monitoring (CGM) systems to those with diabetes. Senseonics is involved in the development and commercialization of these products.
On September 13th, Sensonics announced a collab with the University Hospitals Accountable Care Organization (UHACO). UHACO will now offer the Eversense CGM System to its Medicare enrollees, which went into effect early last month. The UHACO was created to improve the health and wellness of employees and dependents enrolled in a UH employee medical plan.
“Eversense offers patients choice amongst continuous glucose monitoring devices. The Eversense CGM system delivers industry-leading accuracy, an improved patient experience, and an array of unique features that afford people, especially those in the Medicare population, the opportunity to achieve improved health outcomes.”
The Head of Endocrinology and Diabetes at UHACO, Betul Hatipoglu, M.D.
On October 7th, shares of SENS stock increased by 2.8% in the market. Since 2021 has started, the company has dramatically increased in price as mentioned before. With this to note, will SENS be on your list of penny stocks to watch?
Which Penny Stocks Are You Watching Next Week?
Making a watchlist for October has not been the easiest. With so much momentum both positively and negatively, investing in penny stocks in 2021 is not for the faint of heart.
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However, because there is so much movement, there is quite a lot of price action to take advantage of. And with the right strategy on hand, making money with penny stocks in 2021 can be much easier than previously imagined. With all of that in mind, which penny stocks are you watching next week?
