penny stocks to buy right now

With so many penny stocks to choose from, finding the best ones for your watchlist can be challenging at times. However, because there is such a wide breadth of penny stocks to pick, making money with small caps in 2021 can be challenging.

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The best way to understand how to profit with stocks under $5 is to have a thorough consideration of what’s going on in the world. This means knowing how certain events, announcements, and updates will impact the penny stocks on your watchlist. Right now, one of the largest impacting factors on the stock market is Covid and the Omicron variant. Although the variant is showing itself to be potentially more transmissible and less severe, it is still too early to say. In addition to this, there is a high degree of volatility as a result of sizable inflation right now. 

Because of this, investors need to have a consistent trading strategy that can be malleable to different geopolitical and financial situations. So, moving forward, investing in penny stocks can be profitable and easy with the right steps involved. Considering all of that, here are three penny stocks that are trending right now.

  1. BIOLASE Inc. (NASDAQ: BIOL
  2. Banco Bradesco S.A. (NYSE: BBD
  3. Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX

BIOLASE Inc. (NASDAQ: BIOL)

BIOLASE Inc. is a biotech penny stock that pushed up by a solid 2.2% by EOD on December 7th. If you’re not familiar with BIOLASE, it is a company that sells laser systems to businesses in the dental industry. These systems aid in dental procedures such as surgical, aesthetic, and restorative procedures. One of its primary products is its Waterlase system, which is used to cut hard and soft tissue in both invasive and non-invasive dental applications. It also offers diode laser systems for pain relief, tooth whitening, and other applications.

On November 23rd, the NASDAQ awarded BIOLASE an additional 180-day extension to achieve the minimum bid price criterion. At the same time, the company engaged in a favorable credit agreement revision. BIOLASE now has until May 23rd, 2022 to comply with the Minimum Bid Price Rule again. If the company’s common stock closes at or above $1 per share for ten consecutive trading days, it will be in compliance. This is a common occurrence with penny stocks, and something we see that can have both a positive and negative effect on how a stock trades.

“The 180-day extension from NASDAQ gives us more time to demonstrate the success of our growth strategy, which has delivered stellar results over the past three quarters, and for the financial community to acknowledge and value the opportunity we have ahead”.

The President and CEO of BIOLASE, John Beaver

With decent momentum in the past few trading days, will BIOL be on your penny stock watchlist this month?

Penny_Stocks_to_Watch_BIOLASE_Inc

Banco Bradesco S.A. (NYSE: BBD)

Banco Bradesco S.A. is a penny stock that has increased in value by around 5% during the last month. For some context, Banco Bradesco is a financial company that offers various banking products and services. Banco Bradesco offers demand and time deposits, mutual funds, loans, advances, and more. These services are offered to businesses, individuals, and more. Primarily, Banco Bradesco operates out of Brazil, where it also offers insurance products.

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On November 10th, the company announced that it is considering an international expansion of its digital banks. Some of the countries in consideration for this expansion are the United States and Mexico. This news arrives as other financial startups similarly expand their business into other countries.

The Chief Executive of Banco Bradesco, Octavio de Lazari said, “There are many opportunities on the table and we plan to explore them”. Moving forward, it will be interesting to see what happens with BBD stock if this expansion takes place. Right now, there is a lot of volatility in the finance sector. And as a result, companies like BBD are seeing heightened price movement. Noting this recent information, is BBD going to make it on to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Banco_Bradesco_S

Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX)

Cumberland Pharmaceuticals Inc. is a biotech penny stock that has shot up by over 39% in the past five days. This company offers various prescription products to make patient care better. Cumberland is involved in the development, commercialization, and acquisition of its brands. Many of its brands focus on gastroenterology, rheumatology, hospital acute care, and more.

On November 29th, the company announced that its Caldolor product has received an expanded labeling approval from the U.S. Food and Drug Administration. Caldolor is an intravenously delivered formulation of ibuprofen. With this expanded labeling approval, the product can be used in pre-operative administration. This means it can be used before surgery to allow patients to wake up after with significantly less pain. Of course, this announcement is the reason behind CPIX stocks recent price movement. 

“We are proud to see the continued support for Caldolor’s use in surgical care, with the product’s approved labeling now including the expanded use of the product prior to surgery. We feel confident that this important development provides additional insights into how intravenous ibuprofen can help healthcare professionals and patients as elective surgeries resume.”

The CEO of Cumberland Pharmaceuticals, A.J. Kazimi

This new update caused CPIX stock to increase by more than double in only a short time frame. Noting this recent large advancement, will CPIX be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Cumberland_Pharmaceuticals_Inc_CPIX_Stock

Which Penny Stocks Are on Your Watchlist Right Now?

Finding the best penny stocks to buy in 2021 can be challenging without the right tools by your side. And with so much going on in the stock market, understanding exactly how to trade penny stocks and how to make money with penny stocks, will be the difference between profits and losses.

[Read More] 3 Penny Stocks to Watch With Bullish Sentiment Right Now

Right now, there may be a lot to keep track of. But, as a result of that, investors can use these rapid price fluctuations as a benefit. Considering all of this, which penny stocks are on your watchlist right now?


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