Are These 3 Penny Stocks on Your Watch List This Week?
As we enter another week of trading penny stocks and blue chips, investors continue to look for the best small caps to watch. To find penny stocks that could be valuable, there are a few things that investors should look out for. First and foremost is, what is the companies role in the stock market right now, and does it have potential moving forward? These two questions go hand in hand as investing in penny stocks is highly speculative. And as a result, how a company is viewed or how much it is discussed online, could have a major effect on how it trades.
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The next thing to look out for is the company’s fundamentals. Is it making a profit? How much cash does it have on hand? Does it have a substantial amount of debt on its books? All of these are highly important and need to be considered when making a penny stocks watchlist. While this is not a be-all-end-all list of how to find penny stocks to buy, it should help you on your search. With that in mind, let’s take a look at three penny stocks to watch.
3 Penny Stocks to Watch This Week
- Greenpro Capital Corp. (NASDAQ: GRNQ)
- Gaotu Techedu Inc. (NYSE: GOTU)
- Agenus Inc. (NASDAQ: AGEN)
Greenpro Capital Corp. (NASDAQ: GRNQ)
Greenpro Capital Corp. is a penny stock that has been making headlines over the course of the past few weeks. Despite a bearish pullback in the last few trading days, we have seen several sessions with above-average volume for GRNQ stock. This company offers financial consulting and corporate services. Primarily, these services include listing advisory, tax planning, record management, bookkeeping, and more. Greenpro also acquires and rents real estate properties all over China.
On November 16th, it was announced that Greenpro’s CryptoSX landed a historic billion dollars security token offering. CryptoSX is a digital asset exchange that allows users to invest any time anywhere. Now CryptoSX has been selected by Dignity Corporation as its listing and trading platform for DIGau Security Token.
“Security tokens have become a possible investment vehicle that allows businesses to reverse the financial pyramid and democratize the capital markets. We see CryptoSX reaching the critical mass to take off in 2022 and we are very excited to be working towards developing a global blockchain-based digital ecosystem.”
CEO of Greenpro, Dr. Lee Chong Kuang
Right now, there is a major amount of bullish sentiment surrounding anything relating to cryptocurrency. As a result, investors continue to search for companies with any involvement. Noting this info, will GRNQ be on your list of penny stocks to watch?
Gaotu Techedu Inc. (NYSE: GOTU)
Gaotu Techedu Inc. is a Chinese educational services provider that we’ve mentioned previously due to its momentum and consistent trending nature. If you’re not familiar, this company primarily provides K-12 after-school tutoring services in a variety of academic topics. These topics include English, Chinese, math, and many others. It also provides a variety of other language courses under its brands. Gaotu additionally runs Weishi, a WeChat-based interactive learning platform for instructors and students.
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On November 15th, the company provided new business updates. Gaotu has announced that it will stop offering tutoring services for students K-9 by the end of 2021. This is happening because of new regulations imposed by the Chinese government. The company will continue its other operations outside of this area which is encouraging. As with all Chinese education stocks in the past six months, legislation that occurred domestically had a major impact. And now, companies are working to move beyond this to find viable business plans in the wake of the new laws.
Moving forward, it will be interesting to see how the loss of its K-9 business impacts Gaotu’s financial situation. Despite a major bearish pullback that resulted in GOTU stock losing over 80% of its value, we have begun to see a steady climb as investors feel more comfortable with the new future of the company. Of course, it will likely take some time before it can fully recover, however, this is encouraging news. With so much new info to consider, will GOTU be on your penny stock watchlist?
Agenus Inc. (NASDAQ: AGEN)
Agenus Inc. is a company that has recently received a lot of positive attention. After climbing by over 60% from early June to early September, shares began to pull back. However, we have seen many discussions online concerning AGEN stock in the past few weeks. Agenus is a biotech firm specializing in the discovery and development of immune-oncology drugs. Many of its products are based on antibodies and vaccines. Its Balstilimab anti-PD-1 antagonist is in Phase 2 clinical trial to treat second-line cervical cancer. It also is working on AGEN2373 which is an anti-CD137 monospecific antibody in Phase 1 clinical trials.
On November 12th, it was announced that the clinical activity of AGEN1181 was demonstrated over nine treatment-resistant cancers at SITC. This new study showed that balstilimab combination benefitted about 60% of patients. The company reported no cases of hypophysitis, pneumonitis, or high-grade hepatitis. Now it plans to initiate Phase 2 / 3 trials for colorectal and gynecological cancers.
“AGEN1181 as monotherapy and in combination with balstilimab has shown durable responses in heavily pre-treated, poorly immunogenic ‘cold’ cancers, as well as those who have failed to respond to prior PD-1 inhibition.
This regimen is well tolerated, with no hypophysitis, pneumonitis, or high-grade hepatitis observed to date. The clinical performance of AGEN1181 is consistent with its Fc-enhanced design, safely expanding the benefit of immunotherapy to a broader patient population.”
CMO of Agenus, Steven O’Day, MD
This is all exciting news, and shows that there continues to be high interest in the biotech sector. While it may take some time before we see a bullish reversal with AGEN stock, it could be worth keeping an eye on in the meantime. Based on new info, will AGEN be on your penny stock watchlist?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are plenty that could be worth it. But, to understand which, it will take some investigating into your trading strategy and your risk tolerance.
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Considering that there are so many penny stocks to choose from, it all comes down to finding the right ones for you. With that in mind, which penny stocks are you watching right now?
