3 Penny Stocks to Watch as We Turn the Corner on December 2021
As we continue to traverse through one of the most volatile times for trading penny stocks and blue chips, investors are searching for the most value in the market. But, to understand how to make money with penny stocks, it takes understanding how the market is moving and why. As a result of the sheer number of factors impacting penny stocks right now, prices are fluctuating greatly on any given trading day.
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This includes the Omicron variant, high inflation in the U.S., and certain geopolitical issues. In addition, this week we have the Fed meeting to contend with, which is sparking even greater volatility. So, while 2021 has not been a banner year for stability, many investors have made money throughout the last twelve months. Considering this, let’s take a look at three penny stocks to watch in late December 2021.
3 Penny Stocks to Add to Your Watchlist Right Now
- SeaChange International Inc. (NASDAQ: SEAC)
- Ideanomics Inc. (NASDAQ: IDEX)
- IAMGOLD Corp. (NYSE: IAG)
SeaChange International Inc. (NASDAQ: SEAC)
SeaChange International is a technology firm that specializes in video goods, advertising, software, and other services. SeaChange Adrenalin, a multiscreen video back-office platform, is one of its offerings that has helped to bring new popularity to the company. Content owners, operators, and broadcasters all around the world use its services, which helps to illustrate the broadness of its reach. This enables clients to develop and scale TV and streaming services at a low cost.
On December 9th, SeaChange International announced the release date for its third-quarter financial results. These are the financial results for the quarter ended October 31st, 2021. After the financials are released, SeaChange will host a call to discuss the results. SeaChange will release these financial results today on December 14th.
In other recent news, the company secured a multi-million dollar contract renewal with a major U.S. multiple-system operator. The company will provide premium support and services for the MSO to streamline and optimize its content chain.
“The contract renewal is another testament of our ability to continuously provide an enduring value proposition for our longstanding customers”.The SVP and Chief Revenue Officer of SeaChange, Chris Klimmer
This contract renewal should add high-margin recurring revenue over the next two years. With this in mind, will SEAC be on your list of penny stocks to watch?
Ideanomics Inc. (NASDAQ: IDEX)
Ideanomics Inc. is a business that operates in two distinct industries. On one hand, the company works in the electric car industry, by offering fleet operators the ability to migrate to electric vehicles. Ideanomics aids these businesses at every stage of the process, including procurement, financing, charging, and energy management needs for the adoption of commercial electric vehicles. On the other hand, its business, Ideanomics Capital, invests in budding fintech services with the purpose of increasing the efficiency, transparency, and profitability of the financial services business.
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On November 23rd, the corporation revealed its third-quarter financial results for 2021. During the quarter, Ideanomics’ total revenue came in at $27 million. Its Mobility Unit generated $11.5 million in sales, up from $8.7 million during the prior quarter. The Mobility Unit has experienced growth for the third quarter in a row. This is exciting and shows both the potential that the EV market has and Ideanomics growing role within it.
In other recent news, Solectrac, one of Ideanomics investments, was named a top-10 product winner at the 2022 World Ag Expo. The company received this accolade due to its zero-emission e70N tractor, noted to be a cutting-edge product helping farmers save time and money. Now the company will showcase this tractor at the World Ag Expo which takes place on February 8-10, 2022 in Tulare, California.
“We are committed to providing an opportunity for farmers around the world to power their tractors by using the sun, wind, and other clean renewable sources of energy. Solectrac offers independence from the pollution, infrastructure, and price volatility associated with fossil fuels, and this prestigious award enhances our industry-leading commitment to that goal.”The CEO of Solectrac, Mani Iyer
With all of this in mind, will IDEX be on your penny stocks watchlist this week?
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation is as its name suggests, a gold mining company that searches for, develops, and operates properties in numerous countries with the goal of producing and selling gold. Some of its mines include, the Westwood mine, the Boto gold project, and several other projects, which are spread across North America, West Africa, and South America.
Despite some bearish momentum in the past few months, it looks like IAG is experiencing a small bullish turnaround right now. Increased precious metals and non-precious metal prices are responsible for the majority of mining stock momentum in 2021. Gold has solidified its position in the financial world as a mainstay when markets are awry. And as a result, many investors turn to the shiny metal as a way to hedge bets against market uncertainty. This has become more true as high inflation and geopolitical tensions have led to high volatility across all types of stocks.
On November 3rd, IAMGOLD released its third-quarter results for 2021. IAMGOLD’s mine-site free cash flow was $121.6 million, with an adjusted EBITDA of $265.7 million, according to the report. During the same time, IAMGOLD recorded a total net loss of $20.1 million, or $0.04 per share. While the performance of IAG stock is nothing to write home about, many investors are watching the company as a way to bet against large upswings and downtrends in the market. Noting this recent momentum, will IAG stock be on your watchlist?
Which Penny Stocks Are You Watching Right Now?
If you’re making a list of the best penny stocks to buy in 2021, there are hundreds of options to choose from. But, as a result of the sheer number of options, it can be difficult to find penny stocks that will be consistently profitable.
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To aid in this, investors should have a thorough and consistent understanding of how the market is moving right now. In addition, traders can use this to figure out how to take advantage. With all of that in mind, which penny stocks are you watching right now?
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