3 Penny Stocks to Add to Your End of December Watchlist
With such a large array of penny stocks to choose from, finding the best ones for your watchlist can be challenging. But, if we consider what’s going on in the world, it can be much easier to make a list of penny stocks to buy. To understand which penny stocks are worth it, we first have to consider what’s going on in the stock market.
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Right now, this includes the rise of the Omicron variant, interest rates increasing next year via the Fed, and high inflation. With any stocks under $5, we have to also consider that speculation is incredibly high. This means that prices are likely to fluctuate on a daily basis given any news relating to the company specifically or the industry at large. Considering all of this, let’s take a look at three penny stocks to watch right now.
3 Penny Stocks to Watch as 2021 Comes to an End
- MIND Technology Inc. (NASDAQ: MIND)
- Ambev S.A. (NYSE: ABEV)
- 1847 Goedeker Inc. (NYSE: GOED)
MIND Technology Inc. (NASDAQ: MIND)
MIND Technology Inc. is a tech penny stock that managed to climb by around 29% on December 14th before correcting slightly. If you’re not familiar, MIND is a company that offers specialized marine seismic equipment and side-scan sonar security systems. MIND’s products also include water-side security systems as well. The company is involved in the design, manufacturing, and sale of these products. MIND’s equipment is offered in the U.S., Canada, Europe, Latin America, the Asia-Pacific, and the Middle East. Having markets in all these countries shows that MIND has a very sizable market reach.
On December 13th, MIND entered a cooperative research and development agreement (CRADA). This agreement was reached with the United States Navy’s Naval Surface Warfare Center located in Panama City, Division. The CRADA will let scientists and engineers from both organizations collaborate to make next-gen mine-hunting sonar systems. These systems will ensure that they fit the needs of Navy personnel. The CRADA has been dubbed “Advanced Mine Finding”.
“Through our subsidiary, Klein Marine Systems, MIND has a long history of supporting the US Navy. I’m thrilled that this CRADA will allow us to leverage the expertise of the scientists and engineers at NSWC PCD to provide innovative solutions to the warfighter, now and into the future.”
The Chief Technology Officer of MIND, Andy Meecham
After its large uptick and increased volume, will MIND be on your list of penny stocks to watch?
Ambev S.A. (NYSE: ABEV)
Ambev S.A. is a beverage company that manufactures, distributes, and sells a variety of beverage-related items. For some context, Ambev sells products under the brands Pepsi, Gatorade, Fusion, Corona, and Bud Light, among many others. Its goods include alcoholic and non-alcoholic beverages, as well as various food items. As you can see, Ambev is involved in some of the most popular brands in the beverage industry. During both times of economic hardship and prosperity, we tend to see the alcohol industry show increased volume. While ABEV’s performance is nothing to write home about right now, there are plenty of investors that are watching ABEV right now.
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Ambev’s most recent financial results were revealed in October. Its quarterly net profits increased by 57% year on year. This was a significant boost for the company and one that investors should take into account. During the same period, the company’s net revenue increased by 20%. In addition to this, Ambev saw an increase in adjusted EBITDA of 7.8% year over year. These numbers are exciting and show sizable growth for the company despite the past two years of less-than-stellar performance.
As the pandemic has slowed, there has been an increase in demand for alcohol and other beverages all around the world. This is a major part of the reason why ABEV stock has been increasing in value recently. Up in the past few days, will ABEV stock make it onto your penny stocks watchlist?
1847 Goedeker Inc. (NYSE: GOED)
1847 Goedeker Inc. is a commerce-based company that sells appliances, furniture, fitness equipment, televisions, and other goods. Home remodeling has been a significant market thanks to the pandemic and the current state of the housing market. As a result of this, GOED has seen heightened demand for its products. In the past five days, shares of GOED stock have shot up by around 12%. This is significant and should be taken into account.
1847 Goedeker published its third-quarter results for 2021 on November 15th. During this period, net sales grew to $141.9 million, up from pro forma net sales of $102.2 million during the prior year. Its gross profit climbed to $31.4 million from $21 million the previous year. It’s pro forma net income this period was $3.9 million, compared to a loss of $0.7 million the previous year. Then on December 14th, the company announced that its CEO Albert Fouerti purchased $1 million worth of shares in the company. In total, he purchased 458,876 shares of the company at an average price of $2.18 per share.
Fouerti stated, “Our increased scale positioned us to obtain inventory, meet increased customer demand and mitigate the full impact of global supply chain constraints. We feel well-positioned from an inventory perspective heading into next quarter, and we will continue to execute against our outlined priorities and aggressively pursue greater market share.” While it’s hard to say how long the bullish sentiment with GOED stock will continue, it is exciting nevertheless. Noting its recent advancements, will GOED make your penny stock watchlist before the year is over?
Which Penny Stocks Are You Buying Right Now?
As we continue to barrel toward the end of the year, there are hundreds of penny stocks to choose from. While it can be difficult to pick the best ones for your watchlist, the sheer number of options mean that buying and selling penny stocks can be a profitable endeavor.
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Considering all that’s going on in the stock market, investors need to have a thorough understanding of how to take advantage. With all of this in mind, which penny stocks are you buying right now?
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