best penny stocks to buy

Are These Penny Stocks on Your January 2021 Small-Caps List?

With penny stocks continuing to trend in the last few weeks, investors are searching for the best small-caps to buy. And, as we barrel toward the end of the year, more traders than ever are looking for ways to make money with penny stocks

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As a result, now is the time to understand exactly how certain factors will impact your portfolio. And in December 2021, the most prominent causes of movement include the Fed meeting, the Omicron variant, and high inflation rates. While there is a lot of volatility in the stock market, these factors provide a sizable amount of movement to take advantage of. Considering this, let’s take a look at three penny stocks to watch in January 2021. 

3 Penny Stocks to Watch in January 2021 

  1. Alzamend Neuro Inc. (NASDAQ: ALZN
  2. Gaotu Techedu Inc. (NYSE: GOTU
  3. Sphere 3D Corp. (NASDAQ: ANY)

Alzamend Neuro Inc. (NASDAQ: ALZN)

Alzamend Neuro Inc. is a biotech penny stock that has pushed up by around 16% in the past five days. Despite a small correction from its almost 30% gain on December 14th, shares of ALZN stock have seen heightened bullish momentum recently. If you’re not familiar, Alzamend is a biotech company that develops drugs to treat neurodegenerative diseases and psychiatric disorders. Alzamend is primarily focused on the development of its products such as  AL001. AL001 is its flagship product used to treat Alzheimer’s and other neurodegenerative illnesses.

On November 30th, the company announced a date for delivery of its topline data for its Phase 1 first-in-human clinical trial for AL001. This compound is for treating dementia-related to Alzheimer’s. In addition, the IND submission for a combined AL002 Phase 1 / 2 clinical trial is expected in the second quarter of 2021. In late September 2021, Alzamend received good input from the US Food and Drug Administration on the AL002 clinical development plan. This input included Alzamend’s proposal, to which the FDA accepted, to perform a combined Phase 1/2 study.

“We believe these data will confirm AL001’s potential as a replacement of the current lithium-based treatments and may provide a treatment to the over 40 million Americans suffering from Alzheimer’s and other neurodegenerative diseases and psychiatric disorders.”

The CEO of Alzamend, Stephan Jackman

In the last 5 days, ALZN stock went from $2.05 per share to $2.40 per share. Based on this recent info, will ALZN be on your penny stock watchlist?


Gaotu Techedu Inc. (NYSE: GOTU)

Gaotu Techedu Inc. is an education penny stock that has seen heightened popularity in the past few weeks. This is a Chinese company that provides after-school tutoring for K-12 students in China. It offers services in math, English, Chinese, biology, Japanese, and a variety of other subjects. English test preparation and professional courses are also available through the organization. Weishi, an interactive WeChat learning platform, is also operated by Gaotu.

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Its most recent update came a few months ago when it announced its 2021 second-quarter financial results. The company reported RMB 2,232.3 million in net revenue, up 35.3% over the previous year. Gaotu’s gross billings also increased 12.2% year over year. In addition, the corporation had a relatively large net loss compared to last year’s net profits. These are all very exciting numbers and show just how quickly the company is growing.

“We say that 2014 is Gaotu’s first attempt as a startup,, and 2016 is our second start, then we can also say that 2021 is our third start. We should always keep the goal of education in mind, always firmly believe that education is a noble profession. It’s undeniable that we have boundless faith in the bright future of the Chinese education industry.”

Chairman and CEO of Gaotu, Larry Xiangdong Chen

It’s worth noting that the company has been impacted by legislation surrounding a ban on for-profit tutoring in China. But, it seems as though it is working to mitigate the damage from this. Considering all of that, do you think that GOTU stock is worth adding to your list of penny stocks to watch?


Sphere 3D Corp. (NASDAQ: ANY)

Sphere 3D Corp. creates virtual solutions for everything from containerization to data management, cloud storage and more. In addition, Sphere 3D has a large role in the cryptocurrency industry, through its purchase of over 60,000 Bitcoin miners. These miners have the potential to produce 6 exahashes which is quite a substantial amount. With its HVE-STACK, HVE 3DGFX, and HVE-VELOCITY solutions, the firm also offers cloud services, virtual storage, and other digitally-focused capabilities.

On November 15th, the company released its third-quarter financial results for 2021. It brought in $1 million in revenue during the quarter, up $0.1 million from the previous year. Its gross margin for the quarter was 46.6%, down from 60% the previous year. The company’s sales grew year over year over the first nine months of 2021, which is no small feat. 

“This year has also seen us complete financings in the first nine months of this year that have bolstered our balance sheet by providing in excess of $200 million of cash and a significantly increased financial flexibility to grow our business. We also sponsored our first SPAC, Minority Equality Opportunities Acquisition which successfully closed on an upsized $126.5 million IPO during the quarter.”

CEO of Sphere 3D, Peter Tassiopoulos

With over 130% in growth in the past YTD period and more than 150% in the past twelve months, ANY stock continues to be at top of mind for many investors. Considering that, will it be on your watchlist moving forward?


Which Penny Stocks Are You Watching Right Now?

If you’re looking to make a list of the best penny stocks to buy, understanding where to look is crucial. Although there are hundreds of penny stocks to choose from, only a handful are truly worth buying.

[Read More] Penny Stocks to Watch During the Omicron Surge And the Fed Meeting

If we consider the current state of the stock market which is highly reactive, we see that now is the time to understand how certain events will impact the stocks on your list. With that in mind, which penny stocks are you watching right now?

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