3 Penny Stocks to Add to Your Watchlist Right Now
With another week of trading penny stocks and blue chips coming to an end, there is plenty for investors to be excited about. As a result of both uncertainty and bullishness in the stock market right now, investors continue to search for the best penny stocks to buy. Now, to do so involves having a thorough understanding of what factors are impacting stocks and how to take advantage.
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Because penny stocks are so volatile, news, events, and industry-wide announcements will often have a large and material effect on how penny stocks trade. And for that reason, staying up to date with what’s going on in the world can vastly increase your chance of profitability as an investor. Considering all of this, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks to Watch in December 2021
- Phunware Inc. (NASDAQ: PHUN)
- Express Inc. (NYSE: EXPR)
- SOS Limited (NYSE: SOS)
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a tech penny stock that has risen by over 8% in the past five days. This is quite substantial considering the larger market trajectory during that time. If you’re not familiar, this company offers an integrated software platform to corporations. The software allows its customers to engage, manage, and monetize their mobile app portfolios. Its products include cloud-based mobile software, content management, alerts, and location-based services.
On November 22nd, the company announced that it has acquired more Bitcoin. In total, its Bitcoin purchase came out to 398 BTC which cost $23.8 million in cash. The average price of the purchases was about $59,917 per bitcoin including fees and expenses. Now the company holds a total of 529 BTC which were bought for an aggregate of $31.8 million and an average purchase price of $60,191 per bitcoin.
In other recent news, the company’s multiscreen-as-a-service platform is now available on the Amazon Web Services platform. The AWS Marketplace is a digital catalog with thousands of software listings that makes it easy to find, test, buy, and run software.
“We are thrilled to work with AWS and leverage over a decade of industry experience in order to help enterprises drive digital transformation in a mobile-first world”.
The COO of Phunware, Randall Crowder
Right now, there is a sizable amount of bullish momentum with tech penny stocks and the tech industry in general. Noting these recent advancements, will PHUN be on your penny stock watchlist?
Express Inc. (NYSE: EXPR)
Express Inc. is a popular retailer of apparel that has a broad range of clothing offerings for both men and women. These products are sold at it its retail stores and on its website Express.com. As of January 30th, 2021, the company had 570 stores in 46 states and Puerto Rico. This is a company we’ve mentioned before because of its momentum in the market.
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At the start of the year, EXPR stock was at about $1 per share on average. On December 1st, EXPR has reached $3.38 per share at the market close. This represents a YTD gain of over 310%, which is no small feat. And while the retail environment is hot right now, Express’ move into e-commerce has also tremendously helped its business.
In its most recent Q3 report posted on November 2nd, Express announced some exciting updates to its business. In the report, Express stated that its sales increased by a whopping 46% compared to the previous year. This represents $472 million in sales alongside a net income of $13 million during the quarter. This is compared to losses during the previous two years, third quarters. CEO of Express, Tim Baxter, stated that “These results are tangible evidence we’re resonating with consumers. No one does what we do the way we do it. I’d put our quality against any of our competitors.”
This is exciting news and highlights the bullishness that the retail industry is experiencing right now. Considering this info, will EXPR be on your penny stock watchlist?
SOS Limited (NYSE: SOS)
SOS Limited is a tech penny stock that has begun to see a slight bullish turnaround after a few months of less than stellar performance. If you’re not familiar, this company offers data mining and analysis service to corporations and individuals. SOS’ technology is based on big data, blockchain-based solutions, and more. At SOS’ core, the company offers marketing data, tech, and solutions to EMS and insurance companies as well as engaging in other business operations.
SOS reported progress on the construction of its North American super-computing and hosting center on November 9th. This center is located in Marinette County, Wisconsin. The company chose this location due to Wisconsin’s rich natural resources and renewable energy. It states that total power at the center is expected to be 50MW, entirely powered by renewable power and grid power. One of the largest issues with supercomputing is both the cost and amount of energy that it takes to do so. By utilizing renewable energy, SOS can be ahead of the competition in those regards.
“The supercomputing and hosting center in Wisconsin is an important part of SOS’s efforts to create its own blockchain technology-based ecosystem. We look forward to launching our Super-Computing and Hosting service business in Wisconsin in the first quarter of 2022.”
The CEO and Chairman of SOS, Mr. Yandai Wang
Based on this new info, will SOS be on your list of penny stocks to watch?
Which Penny Stocks Are You Watching Right Now?
If you’re making a list of the best penny stocks to buy, there are hundreds of options to choose from. Because there are so many penny stocks out there, it all comes down to knowing which ones are best for your investing style and tolerance for risk.
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Although we can’t predict the future, with the vast amount of factors impacting the stock market right now, volatility is likely to stay high in the coming months. Considering all of this, which penny stocks are you watching right now?
