3 Penny Stocks to Add to Your Year End Watchlist
As 2021 comes to an end for trading penny stocks and blue chips, there are plenty of factors for investors to consider. Right now and in the past few weeks, the most pressing issue has remained the Omicron variant. Despite our greater understanding of the variant now than only a month ago, markets are still being swayed by the vast uptick in cases that have occurred during that time.
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So, how does this play into penny stocks, and which companies are investors watching? Well, today, U.S. stock index futures are showing a better start, following a few weeks of bearish trading. While the end of last week offered a sizable bullish turnaround, there is still a great amount of volatility in the stock market to consider. Today, we are seeing many travel-related penny stocks and blue chips fall in response to the high number of cancellations related to Covid.
Dubravko Lakos-Bujas, an analyst at JPMorgan, stated that “we do not expect Omicron to impact the growth outlook in any significant way, but rather, it is likely to accelerate the end of the pandemic.” Additionally, we have the Santa Claus rally which is in full swing. For those unfamiliar, this is the five-day period at the end of the year when markets typically push up. So, with all of this in mind, let’s take a look at three penny stocks to watch as 2021 comes to an end.
3 Penny Stocks to Watch With 2022 Day’s Away
- NXT-ID Inc. (NASDAQ: NXTD)
- Camber Energy Inc. (NYSE: CEI)
- American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)
NXT-ID Inc. (NASDAQ: NXTD)
One of the bigger gainers during pre-market trading today is NXTD stock. By early morning, shares of NXTD stock were up by as much as 9% to $4.40 per share. While no news came out today that could help to explain this gain, we can look at what the company does and recent news that the company has put out to help do so.
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For starters, NXT-ID provides emergency response systems for personal use. This puts it in the communications category, which has seen heightened interest in the past few months. It offers its PERS technologies through a variety of channels including the U.S. Veterans Health Administration as well as dealers and distributors. A few weeks ago, the company announced that it was awarded a contract from the U.S. General Services Administration to provide its products to Federal, State, and local purchasers.
“Our company’s main goal is to use our patented technology to help improve the lives of seniors and others we serve in the most affordable way. Our products allow people who need special care to live confidently knowing the moment they need help, we are there for them.”
The CEO of NXT-ID, Chia-Lin Simmons
Considering this big news, will NXTD be on your list of penny stocks to watch?
Camber Energy Inc. (NYSE: CEI)
If you’ve followed penny stocks over the past year, you’ve likely heard of CEI stock. This is due to its placement as a trending penny stock and one that has witnessed major periods of gains (and losses) during that time. Today on December 27th, shares of CEI stock shot up by a staggering 21% during premarket trading. And aside from this, shares of CEI are up by over 35% in the past six months. The main reason behind today’s gain for CEI comes as the company announced it received a loan to redeem is preferred series C stock.
“I believe the financing terms are the most favorable terms the company has been able to negotiate in its history. The proposed transaction demonstrates the lender’s confidence in our team and overall growth strategy, and if we are successful at the upcoming special meeting the company will be in a great position to pursue new acquisitions and other important initiatives our team has identified.”
The CEO of CEI, James Doris
This is exciting news and comes at a time when the energy industry is seeing a sizable amount of bullish sentiment. While it is too soon to identify the long-term prospects of this deal, it is news worth considering for investors. With that in mind, is CEI stock worth adding to your penny stocks watchlist as 2021 ends?
American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)
Another big pre-market gainer today is American Virtual Cloud Technologies, which shot up by around 17% during morning trading. While no news is sparking today’s gain for AVCT stock, we do see it as a trending penny stock and one that is highly mentioned on social media such as Reddit right now.
In the past few trading days, this notion has remained as AVCT stock is rumored to be acquired in the near future. However, these are just rumors at this point. So, what do you need to know about AVCT stock right now? Well, for starters, AVCT operates in the cybersecurity, and IT solutions market. In the past five trading days, shares of AVCT stock have shot up by a sizable 21% despite a YTD loss of around 74%.
These numbers are positive, however, they also show just how volatile AVCT stock is. With any Reddit penny stocks, we tend to see frequent movement that is driven by social sentiment. And while this can be profitable for some, it can also lead to major losses for others. Whether this makes AVCT stock worth adding to your penny stocks watchlist or not is up to you.
Which Penny Stocks Are on Your 2022 Watchlist?
With 2022 only a few days away, there is a lot to look forward to for those who invest in penny stocks. Many believe that the Omicron variant could potentially push us to the end of the pandemic. And as a result, some investors think that 2022 could be a bullish year for both penny stocks and blue chips.
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Regardless, it is crucial to stay on your toes and understand exactly what is going on in the stock market. Considering all of this, which penny stocks are on your 2022 watchlist?
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