Are These 3 Penny Stocks Worth Watching Right Now 

If you’re looking for the best penny stocks to buy, there are hundreds to choose from. As a result of the sheer number of penny stocks out there, finding the best ones for your watchlist is all about understanding where to look. In addition, traders will benefit heavily from having a strong bank of research as to what is affecting the stock market right now. 

As we’ve talked about numerous times, the largest impacting factor on the stock market in the end of 2021 is the Omicron variant. Right now, cases around the world are surging in response to the variant, and markets are doing just the opposite. While today, the stock market managed to climb significantly, the past few trading days have not been so lucky. It’s also worth noting what the ‘Santa Claus rally’ is. This is a phenomenon where at the end of the year, both penny stocks and blue chips tend to rise in value. 

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Jim Cramer, a CNBC talkshow host tweeted, “Historically, today is the day the Santa Claus rally starts. It worked during 2007-2009. So it is hard to doubt.” Although it is hard to say with 100% certainty, this is an interesting fact to keep in mind. With that considered, let’s take a look at three penny stocks to add to your watchlist right now. 

3 Penny Stocks to Add to Your Watchlist Right Now

  1. New Oriental Education & Technology Group (NYSE: EDU
  2. Farmmi Inc. (NASDAQ: FAMI
  3. Northwest Biotherapeutics Inc. (OTC: NWBO

New Oriental Education & Technology Group (NYSE: EDU) 

By midday, shares of EDU stock had jumped by a respectable, 3.6% to just over $2.12 per share. While its gains this year are nothing to write home about, we have seen a small bullish turnaround with EDU stock recently. Before we get into why EDU stock is up today, we have to discuss what the company does. 

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New Oriental is a China-based provider of a wide range of education products. This includes a large range of test prep, materials distribution, and language training services. In the past six months or so, shares of EDU stock have dropped significantly. The main reason for this comes as China put legislation in place that effectively bans for-profit tutoring. This resulted in most Chinese education stocks dropping significantly in value in a very short time frame. Around a month ago, New Oriental announced business updates in response to this. The company stated that it will cease offering tutoring services for K-9 academia. 

While this will have a substantial adverse impact on its business, EDU has worked hard to find other revenue sources. While it is hard to say what the trajectory of EDU stock will be moving forward, investors continue to watch the company closely. Considering that, will EDU stock be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_New

Farmmi Inc. (NASDAQ: FAMI)

Another decent gainer today so far is FAMI stock, pushing up by around 1.6%. To understand the reason behind FAMI stock’s gain today, we have to look at what Farmmi does on a day to day basis. Farmmi is a producer of edible fungi products as well as certain foods. This includes shiitake’s, Mu Er mushrooms and others. In the past few months, the company has come heavily into the public eye after signing several export contracts. The most recent and the reason behind today’s uptick for FAMI stock came yesterday on December 20th. On Monday, the company announced that it won a repeat order for its Shiitake’s to Jordan. 

“We are not letting up on our sales push as the year comes to a close. Customers we have been working with are continuing to place repeat orders because of our mushroom’s high-quality, versatility, nutritiousness and great taste.

As important, we have been able to maintain inventory levels needed to fulfill orders on time, without delay or substitution. This has strengthened our customer’ relationships and opened meaningful opportunities at new customers.” 

Ms. Yefang Zhang, the CEO of Farmmi

While this is only one of a handful of orders that the company has received, it is worth keeping in mind. For that reason, will FAMI be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Farmmi

Northwest Biotherapeutics Inc. (OTC: NWBO) 

Another biotech penny stock that has been climbing in recent days Is NWBO stock. During that time, shares of NWBO stock have shot up by around 27%, including a 22% gain today. While many large gains like this occur without news, NWBO made an exciting announcement during morning trading. Before we go any further, it’s worth noting that because NWBO stock is traded on the OTC market, it is likely to see heightened volatility and large intraday swings. In addition, volume can be a factor that investors should consider. 

So, on December 21st, the company announced that it has received approval from the U.K. Medicines and Healthcare Products Regulatory Agency for the manufacture of clinical grade GMP cell therapy products. The approval of this license means that the company can manufacture its DCVax-L products. 

The DCVax program is for diagnosed glioblastoma multiforme, which is a highly lethal and aggressive form of brain cancer. This announcement comes around two weeks after the company raised $15 million in financing. The financing gives the company a cash balance above $20 million, which should help for future funding. Considering it’s exciting progress in the past month or so, will NWBO stock be on your list of penny stocks to watch or not?

Penny_Stocks_to_Watch_Northwest

Which Penny Stocks Are You Watching Right Now?

If you’re looking for the best penny stocks to buy, there are hundreds to choose from. While it can be difficult to pick the best ones for your watchlist, understanding where to look can mean the difference between profits and losses.

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Considering that there are so many factors that are impacting the stock market right now, there is also a lot to keep track of. With all of that in mind, which penny stocks are you watching right now?


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