hot penny stocks to buy now

Are These Penny Stocks Worth Buying Next Month?

After an interesting couple of days of trading penny stocks and blue chips, investors are excited about the potential that a new month could hold. While a new month is nothing more than riding a page off of your calendar, it often has a symbolic effect on the stock market. A new month presents a clean slate for investors to work off of, and in 2021, that is a welcomed opportunity. So, what do we have to look forward to next month? Well, there are a few factors that all investors should consider. 

[Read More] 5 Penny Stocks To Watch Under $1 As BIMI Stock & METX Soar

First and foremost, we have to take into account the effects of meme stocks on the economy. This phenomenon began back in January of this year and has since been the case for several triple-digit percentage gains. So, investors should keep a close eye on which penny stocks and blue chips are trending. Often if we see a blue-chip stock shoot up in value, we can see the corresponding momentum for penny stocks. 

The next thing to consider right now is the effects of the pandemic. While Covid itself does not have as much of an impact as it did only a month or two ago, other side effects such as high inflation and an energy shortage, are affecting the market. While this should not serve to incite fear, it should inform your trading strategy moving forward. With all of that in mind, here are three hot penny stocks to watch in 2021. 

3 Penny Stocks For Your November Watchlist 

  1. Ebang International Holdings Inc. (NASDAQ: EBON)
  2. SOS Limited (NYSE: SOS
  3. Geron Corp. (NASDAQ: GERN)

Ebang International Holdings Inc. (NASDAQ: EBON)

Ebang International Holdigns Inc. is a penny stock that we have discussed numerous times in the past few months. If you’re unfamiliar, Ebang is a company that engages in the development of integrated circuit chips and Bitcoin mining machines. It also provides mining machine hosting services that allow customers to operate them remotely. Its products are sold under the EBANG and Ebit brand names.

On October 1st, Ebang released its unaudited financial results for the first six months of the fiscal year 2021. The company’s total computing power sold in the first six months was 0.8 million Thash/s. This means that its total computing power sold went up by 220% year over year. Its net revenue went up 65.69% year over year to $18.30 as well. As a result, Ebang was able to significantly reduce its net loss. These numbers are all very positive for the company, and illustrate why the company is growing so much right now.

“Up to now, the Company has completed the establishment of the business team and started the preparatory work for the construction of North American and European mining farms in June 2021. The self-mining business can well offset the negative impact of the plummeting Bitcoin price on the sales of mining machines, thereby further ensuring the Company’s long-term stable and healthy development.”

The Chairman and CEO of Ebang International

On October 26th, the company’s stock price is up 1.43%. With this in mind, will EBON be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Ebang_International_Holdings_Inc_EBON_Stock

SOS Limited (NYSE: SOS)

SOS Limited is another penny stock that we have discussed frequently, with big ties to cryptocurrency. This company offers marketing data, tech, and solutions for insurance companies, EMS, and insurance info portals. It runs the SOS cloud emergency service software to help with medical rescue, auto rescue, financial rescue, and more.

[Read More] Best Communications Penny Stocks to Watch Right Now

On October 18th, SOS announced the lease of a new office in Manhattan, New York as its North American headquarters. The company has been actively trying to expand its global footprint, and this new office shows progress toward this goal. This facility will accommodate its business development, management, and blockchain R&D activities in North America.

“We are committed to further expand our blockchain technology business in countries outside of mainland China. As we move forward into our next stage of growth, this office in Manhattan will serve as headquarters for our North America Operations for our blockchain R&D business.”

The CEO of SOS, Mr. Yandai Wang

In the last month, SOS stock has gone up in the market. Noting this new advancement, will SOS be on your penny stock watchlist this coming month?

Penny_Stocks_to_Watch_SOS_Limited_(SOS_Stock_Chart)

Geron Corporation (NASDAQ: GERN)

Geron Corporation is a biotech penny stock that managed to push up by around 2.7% today and over 6% in the last five days. This company makes products for hematologic myeloid malignancies. The company focuses on the development and commercialization aspects of these therapeutics. Its Imetelstat product is in Phase 3 clinical trials to inhibit the uncontrolled proliferation of malignant stem and progenitor cells in hematologic myeloid malignancies to treat myelodysplastic syndromes.

On October 25th, the company announced that imetelstat has been granted an Innovation Passport which is the first prescribed entry point to the Innovative Licensing and Access Pathway launched in the U.K by the MHRA. This is a significant landmark for Geron and allows the company a 150-day accelerated assessment and rolling review of a Marketing Authorization Application.

“We are pleased imetelstat met the three qualifying criteria for the Innovation Passport and believe that because of the durable transfusion independence across different patient subgroups and strong evidence of disease-modifying activity observed in our IMerge Phase 2 study, imetelstat’s novel telomerase inhibitor approach has the potential to be an important drug in this patient population.”

The VP of Global Regulatory Affairs, Sharon McBain

With all of this in mind, does GERN stock deserve a spot on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Geron_Corporation_

Which Penny Stocks Are You Watching Next Month?

With so many penny stocks to choose from, picking the best stocks for your watchlist can be challenging. But, because there are so many options, it can be much easier to narrow down your list. The best way to do so is to consider what’s going on in the world and use that to your advantage. 

[Read More]

Right now, factors such as Covid and the meme stock mania are having large impacts on the market. And as a result, those who get in at the right time, can make money with penny stocks with the right strategy on hand. Considering all of this, which penny stocks are you watching next month?


Sign up for our FREE Newsletter and get:

  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Hot Reddit Penny Stocks For Your Watch List In March 2021

Popular Penny Stocks On Reddit Gain Interest But Will They Gain In The Market?