hot penny stocks to buy now

Are These Penny Stocks on Your List Right Now?

Right now, there is a high degree of volatility with both penny stocks and blue chips. And as a result, investors continue to search for penny stocks that could have value in both the short and long term. If you’ve bought or sold stocks in the past few weeks, you’re likely familiar with the fact that the Omicron variant is the main driver of market movement right now. Because of this, it is crucial to stay up to date with all the latest updates. 

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In December 2021, there is also a sizable amount of positivity surrounding the variant as early research is encouraging. The research is showing that the variant could be more transmissible and less severe and that current vaccines could be effective. These were the main sources of fear only a few weeks ago when less was understood about the variant. So, as we continue to move into the future, it’s always key to understand how news is affecting penny stocks. Considering that, let’s take a look at three penny stocks to watch right now. 

3 Penny Stocks to Watch Right Now

  1. Transocean Ltd. (NYSE: RIG
  2. Meten Holding Group Ltd. (NYSE: METX
  3. Cloopen Group Holding Limited (NYSE: RAAS

Transocean Ltd. (NYSE: RIG)

Transocean Ltd. is a penny stock that has climbed by over 30% in the past YTD period. If you’re not familiar, Transocean is a corporation that specializes in offshore contract drilling. Transocean offers out drilling rigs, equipment, and employees. The corporation owns or has a stake in 37 mobile offshore drilling units, which is comprised of 27 deepwater drilling units, and 10 harsh environment floaters. That is quite substantial and allows RIG to drill a large amount of natural resources.

On October 11th, the company announced that it would reduce its operating greenhouse gas emissions intensity by 40% by 2030. To improve the performance and safety of its rigs, Transocean has developed several innovations. In addition, the company is aiming to improve its dependability, operational efficiency, and operational execution. The corporation claims that it will achieve its reduced emissions goal while maintaining safety and operational integrity. Right now, there is a major emphasis from investors on ESG stocks. These are companies that are working toward a cleaner future.

“Our responsibility as the industry leader extends beyond providing superior results for our customers. We must continue to deliver our services in a manner that minimizes our impact to the environment and, in this context, supports the interests of all our stakeholders, including employees, customers, investors, and for the broader public good.”

President and CEO of Transocean, Jeremy Thigpen

Since this info was initially released, RIG stock has decreased overall as a result of large market upswings and downtrends. And while RIG stock can be quite volatile, it does look like it has a lot to offer investors of all types. Noting this, will RIG be on your list of penny stocks to watch?


Meten Holding Group Ltd. (NYSE: METX)

Meten Holding Group Ltd. is a Chinese education stock that has shot up by more than 17% since December 6th. This is a substantial gain especially considering the trajectory that METX stock has seen in the past YTD. For those unfamiliar with Meten, it is a business that provides English language training (ELT) services all throughout China. Its services are available under the Meten, Likeshuo, and ABC brand names and are aimed at both adults and children. It had 105 self-operated learning facilities and 13 franchised learning centers as of December 31, 2020.

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On November 22nd, the corporation revealed its financial results for the third quarter of 2021. Meten’s revenue fell 36.9% year over year due to a drop in gross billings during this quarter. In all, the company’s gross profit margin dropped 8.2% to 34.1%. Meten’s total adjusted net loss climbed 364.8% year over year in this quarter.

While these numbers are not very encouraging, we have to consider the effects of the major legislation that passed in China this past year. This legislation stated that for-profit tutoring would essentially be banned, and companies would have to figure out how to work around this. As a result, Meten and other similar players, have struggled to revamp the business models in that time. 

“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.”

CEO of Meten, Alan Peng

Moving forward, it will be interesting to see what Meten does next. For now, will METX stock be on your December penny stocks watchlist?


Cloopen Group Holding Limited (NYSE: RAAS)

Cloopen Group Holding Limited is a Chinese tech company that offers cloud-based communication solutions. PaaS solutions with app programming interfaces and software development kits are among its primary products. Within this, the company offers messaging, voice calls, audio and video, and other kinds of communication based products.

On November 19th, the firm revealed its third-quarter financial figures for 2021. During this period, its revenue climbed by 44.3% year on year to $42.9 million. Revenues from Cloopen’s cloud-based contact center service surged by 125.4 percent year on year. Furthermore, Cloopen Group increased its gross margin and adjusted EBITDA by 59.6%. These numbers are encouraging, and show that RAAS is working hard to grow right now. As a result, investors continue to show interest in the company.

“Going forward, Cloopen is committed to becoming a SaaS company that integrates its capabilities in communications, big data, and AI to better support businesses’ marketing needs and drive their digital and intelligent transformation.”

Mr. Changxun Sun, the CEO of Cloopen

Following an interesting month of performance, will RAAS be on your list of penny stocks to watch as the year comes to a close?


Can Penny Stocks Continue to Make Gains?

If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. As a result, investors can use the most recent information on what is affecting the market, to make a consistent list of penny stocks that could be worth buying.

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Considering that the stock market is not getting any less volatile, now is the time to tighten up your strategy and find value with either penny stocks or blue chips. Considering all of this, do you think that penny stocks can continue to make gains?

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