best penny stocks to buy

3 Penny Stocks to Add to Your Watchlist in October 2021

Trading penny stocks in 2021 is not for the faint of heart. But, for those who are willing to put the time in and develop a proper trading strategy, there are plenty of ways to make money with penny stocks. It’s important to weigh both the risks of trading small caps with one’s own portfolio and investing style. For example, if you’re looking to make long-term gains, certain penny stocks may be better suited for you. 

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However, if you’re a day trader looking to add up short-term profits, there are plenty of options for your style. But, understanding which trader you are is a crucial step when it comes to investing in penny stocks. It is also a step that many investors fail to take, forgoing it for finding penny stocks that are popular online. 

So, if you want to make consistent gains with small caps, understand your own threshold for risk, and use that when it comes to making a strategy. With this short how-to out of the way, let’s take a look at three penny stocks for your October watchlist. 

3 Penny Stocks For Your October Watchlist 

  1. Luokung Technology Corp. (NASDAQ: LKCO
  2. Seelos Therapeutics Inc. (NASDAQ: SEEL
  3. BEST Inc. (NYSE: BEST

Luokung Technology Corp. (NASDAQ: LKCO)

Luokung Technology Corp. is a penny stock that has climbed by over 5% in the past five days. Over the past year, that number jumps up to almost 90%, which is quite substantial. And although the chart over that time frame is quite bumpy, it does look like there is bullish sentiment surrounding LKCO stock right now. For some context, this company offers location-based services and mobile apps for long-distance travelers. Its Luokuang mobile app provides entertainment, travel, e-commerce, information, and more. It also offers software development kits and app-programming interfaces. One of its products is the SuperEngine which offers a server engine that can store, manage, and index spatial-temporal big data.

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On September 16th, the company announced that its operating affiliate eMapgo Technology has signed a cooperation agreement with Microsoft. The purpose of this cooperation agreement is to launch autonomous driving services for automakers. eMapgo will work with Microsoft to offer auto manufacturers the services they need including collection, storage, and analysis of autonomous driving data. This will help with the rapid implementation of autonomous driving tech in China.

“We believe EMG’s core competencies in LBS and HD Maps are an ideal fit with Microsoft’s considerable advantages in areas of cutting-edge technology such as cloud computing, artificial intelligence, elastic computing, and mixed reality.”

The Chairman and CEO of the company, Mr. Xuesong Song

The recent bullish sentiment with LKCO stock is emphasized by its gains over the past few days. With this in mind, will LKCO be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Luokung_Technology_Corp_LKCO_Stock_Chart

Seelos Therapeutics Inc. (NASDAQ: SEEL)

Seelos Therapeutics Inc. is a biotech company that creates products for the treatment of the respiratory system, central nervous system, and more. The company is involved in the development and commercialization of these novel technologies and therapeutics. One of its lead programs is SLS-002 which is for treating acute suicidal ideation and behavior in patients with major depressive disorder.

On October 1st, the company made a new big announcement. Seelos announced that it will present a poster on SLS-002 at the 2021 IASR/AFSP International Summit on Suicide Research Virtual Conference. The company plans to provide new interim efficacy and safety data from the open-label study of the drug. This presentation will take place on Monday, October 25th, from 1 pm to 2 pm.

The title of this presentation is “A Phase 2 Open-Label Study of Efficacy, Safety, and Tolerability of SLS-002 (Intranasal Racemic Ketamine) in Adults with Major Depressive Disorder at Imminent Risk of Suicide”. The presentation will be held by Seelos’s Chief Medical Officer, Tim Whitaker, M.D. On October 21st, the company’s stock price is up 3.37% in the market. And, it’s worth noting that in the past twelve months, shares of SEEL stock have shot up by over 175%. Keeping all of this in mind, does SEEL stock deserve a spot on your penny stocks watchlist?

Penny_Stocks_to_Watch_Seelos_Therapeutics_Inc_SEEL_Stock_Chart

BEST Inc. (NYSE: BEST)

BEST Inc. is a smart supply chain service provider that has climbed in value by almost 30% in the past month. In the past six months, shares of BEST stock have shot up by over 58%. Despite a one-year loss of around 27%, BEST stock has begun to see bullish sentiment starting in September or so.

For some added context, BEST provides a variety of tech products based on smart supply chains. Its BEST Cloud system allows its clients to operate their businesses via SaaS-based apps. BEST’s technology is used for network and route optimization, sorting line optimization, smart warehouses, store management, and more. The company also offers integrated services and solutions for order fulfillment, express delivery, and freight among others.

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In August, the company provided its unaudited second-quarter financial results for the quarter ending June 30, 2021. During this period, BEST’s revenue decreased 5% year over year. This occurred because of a decrease in the average selling price in its Express and Freight business segments. This was slightly offset by an increase in Express and Freight volume. It also experienced a gross loss compared to a gross profit last year, and a net loss instead of net profit.

“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.”

Chairman and CEO of BEST, Johnny Chou

Now on October 21st, BEST stock is up 2.1% in the market, and its volume is higher than average. Considering this information, will BEST be on your penny stock watchlist?

Penny_Stocks_to_Watch_BEST_Inc._(BEST_Stock_Chart)

Are These Penny Stocks on Your Watchlist Right Now?

When it comes to finding penny stocks to buy, there are hundreds of options to choose from. But as stated earlier, knowing what type of trader you are and how to use that to your advantage, will always be a major benefit. Considering this, are any of these penny stocks on your watchlist right now?


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