best reddit penny stocks to buy now

Are These Reddit Penny Stocks on Your List Right Now?

If you’re looking for the best penny stocks to buy on Reddit, there’s no better time than right now. As a result of the major movement that is occurring in the stock market, there are plenty of opportunities to make money with penny stocks in 2021. However, simply making a list of penny stocks on Reddit isn’t enough. 

Rather, investors need to understand exactly what the company does and how to take advantage of its movement. For starters, Reddit is a popular social media platform that allows people to discuss anything imaginable. As a result, many traders use the platform to discuss the best penny stocks to buy, which penny stocks to avoid, and so on. This has resulted in some major movement in the past few years such as that of GME stock and AMC stock. 

[Read More] Best Penny Stocks To Buy Now For A Short Squeeze? 5 To Watch

But, what we’ve also seen with Reddit penny stocks is a very high degree of volatility. While most penny stocks traders use volatility as a tool to make profits, others tend to avoid it. Because of this, understanding what type of trader you are and how to use that to be a profitable trader, will help you in the long run. With all of that considered, let’s take a look at three Reddit penny stocks to watch in early December 2021. 

3 Penny Stocks on Reddit to Watch Right Now 

  1. Atossa Therapeutics Inc. (NASDAQ: ATOS
  2. Dare Bioscience Inc. (NASDAQ: DARE
  3. Meten Holding Group Ltd. (NASDAQ: METX

Atossa Therapeutics Inc. (NASDAQ: ATOS)

Atossa is a biotech company that creates and develops treatments for cancer and infectious disorders. Endoxifen, an active metabolite of tamoxifen used to treat and prevent breast cancer, is one of its main programs. Currently, Endoxifen is in Phase II clinical studies. It is also working on AT-301, a medication candidate that utilizes nasal delivery to treat COVID-19 patients. AT-H201 is a therapeutic candidate for improving lung function in COVID-19 patients that works with AT-301.

On November 15th, Atossa released its third-quarter financial results for 2021. The company’s operating expenses were 5,159,000 and $15,693,000 for the three and nine months ended September 30th, 2021. Atossa’s general and administrative expenses were $2,952,000 for the three months ended September 30th, 2021. This was a 60% increase year over year or an increase of $1,102,000.

“Our progress in both the Endoxifen and COVID-19 programs, with our initiation of our trial in Australia for AT-H201, and our receipt of regulatory authorization in Sweden to commence an Endoxifen Phase 2 trial, have been key recent milestones, positioning us to move both of these programs forward and take the next steps toward developing therapies in urgent unmet patient needs”.

The President and CEO of Atossa, Dr. Steven Quay

On November 30th, ATOS stock increased by over 5.5%. With this in mind, will ATOS stock be on your penny stocks watchlist next month?

Penny_Stocks_to_Watch_Atossa_Therapeutics_Inc_ATOS_Stock_Chart

Dare Bioscience Inc. (NASDAQ: DARE)

Dare Bioscience Inc. is a biotech company that develops women’s health-focused therapies. The company is based in the United States and produces products for fertility, sexual health, contraception, and vaginal health. DARE-BV1, which is used to treat bacterial vaginosis, is one of its primary developments. Ovaprene, a hormone-free monthly contraception, is another product that Dare produces that has helped to popularize the company. 

[Read More] List of Penny Stocks to Watch While The Stock Market is Down Today

On November 10th, Dare reported its third-quarter financial results for 2021. Dare’s cash and cash equivalents totaled $45.6 million, much higher than its $4.7 million on December 31st, 2020. The company’s net cash from financing activities during this period was $59.8 million. Overall, its general and administrative, as well as its research and development expenses, went up year over year. As of November 8th, 2021, Dare had around 76.6 million shares of common stock outstanding.

“We’ve continued to make significant progress on several key clinical and strategic corporate initiatives with our portfolio during a rather challenging year. The FDA accepted our NDA for DARE-BV1 for priority review with a PDUFA target date of December 7, 2021, and we entered into a CRADA under which a pivotal Phase 3 clinical study of Ovaprene® will be supported by the NICHD’s Contraceptive Development Program and conducted within its Contraceptive Clinical Trial Network.” 

The President and CEO of Dare Bioscience, Sabrina Martucci Johnson

On November 30th, DARE stock increased by over 2% in total. Just one month ago, DARE stock was worth around $0.30 less than it is now, which represents around 20% in gains in that time. Based on these recent results, will DARE be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Dare_Bioscience_Inc_DARE_Stock_Chart

Meten Holding Group Ltd. (NASDAQ: METX)

Meten EdtechX Education Group Ltd. is a Chinese education company that offers English language instruction. Its products and services are marketed under the Meten and ABC brand names. The firm had 105 learning facilities in 38 locations as of December 31, 2020, as well as 13 franchised learning centers. To understand the company better, we have to take a look at the most recent news from Meten EdtechX Education Group.

On November 22nd, the company released its financial results for the third quarter of 2021. During this period, Meten’s revenue went down 36.9% year over year because of a decline in gross billings. The company’s gross profit margin went down 8.2% to 34.1% in total as well. Meten’s total adjusted net loss for this quarter increased 364.8% year over year. While these results are not ideal, they make sense given major regulatory changes in for-profit tutoring in China.

“In the third quarter of 2021, we have significantly reduced the number of our offline learning centers to effectively reduce the impact of the resurgence of the Covid-19 pandemic on our offline business operations, improve resource utilization, and prepare for the Company’s business transformation. As a result, the number of learning centers is reduced to one to two in each city.”

The CEO of Meten, Alan Peng

Despite a more than 80% drop in METX stocks YTD chart, shares have shown small signs of a bullish turnaround. Based on this new info, will METX be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Meten_Holding_Group_Ltd_METX_Stock_Chart

Which Reddit Penny Stocks Are You Watching in 2021?

If you’re looking for the best penny stocks on Reddit to buy, there are hundreds of options to choose from. And because of the wide range of factors that are impacting the stock market right now, there is more momentum to take advantage of than in many months prior. 

[Read More] Best Penny Stocks To Buy Now? 3 To Watch Under $4

As stated earlier, the best way to have a high chance of profitability with penny stocks is to know both your trading strategy and how to trade penny stocks in general. Considering that, which penny stocks on Reddit are you watching in December 2021?


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.

You May Also Like

3 Penny Stocks Making New Highs In October

Penny stocks have always held a special place for investors. These are…