Are These Hot Penny Stocks on Your Watchlist Right Now?
As we come to the end of another week of trading penny stocks and blue chips, there is a lot for investors to know. This week was extremely difficult as the market showed high levels of volatility. Due to the conflict and invasion of Ukraine by Russia, world markets took a major dive. But, as the week ended, we saw markets begin to rebound slightly.
As we can see, the stock market and penny stocks in particular, are in a more reactive spot than they have been in many months. Because of that, knowing exactly what is going on and how to take advantage, is crucial. So, as we continue to push into the future, let’s take a look at three penny stocks that investors are watching next week.
3 Penny Stocks For Your Watchlist Next Week
- Nordic American Tanker Ltd. (NYSE: NAT)
- Cerberus Cyber Sentinel Corp. (NASDAQ: CISO)
- Color Star Technology Co. Ltd. (NASDAQ: CSCW)
Nordic American Tanker Ltd. (NYSE: NAT)
One of the largest gainers at EOD on February 25th is NAT stock. By EOD, shares of NAT had climbed by over 12.2%, which is no small feat. And in the past five days, we’ve seen NAT stock shoot up by over 21%. This represents a sizable and clear bullish reversal over the last year of trading for Nordic American Tanker. So, why are shares of NAT stock climbing right now? Well, the main reason comes as the company reported its Q4 2021 results.
In the results, it posted an average time charter equivalent or TCE of $10,100 per day per ship. This is a more than 70% increase from the previous quarter. While it did report a net loss of $21 million or $0.12 per share, its adjusted EBITDA came in at $1.9 million. The company also stated that it is currently constructing two new build ships that should be delivered by Summer of this year.
In addition to this, the company stated that it has paid down roughly $56 million in debt during 2021. Right now, there is a large amount of emphasis on companies in the shipping industry. And as illustrated by the massive gain witnessed with NAT’s daily charter price, we see that this could continue to rise. So, with all of that in mind, do you think NAT stock is worth buying or not?
Cerberus Cyber Sentinel Corp. (NASDAQ: CISO)
Another sizable gainer of the day on February 25th is CISO stock. By EOD, shares of CISO had jumped by over 12.4% to more than $3.79 per share. Only a few days ago, the company entered the NASDAQ stock exchange with CEO David Jemmett ringing the opening bell.
“At Cerberus Sentinel, we are building something unique. By assembling the best-of-the-best cybersecurity companies with the industry’s smartest people, we’re giving businesses what they need most: a team backed by proven technologies and processes that they can trust. We have a major part to play in the battle against the onslaught of cyber threats we see every day.”CEO of Cerberus Cyber Sentinel, David Jemmett
In the past few weeks, many investors have shifted their focus toward both physical and cyber defense stocks. With the major cyber attacks occurring from Russia over the last week alone, it makes sense that CISO stock would be in focus.
If you’re not familiar, Cerberus is a Managed Compliance and Cybersecurity Provider or MCCP. This allows it to work in many different areas of the industry including business, government, and organizations. All of this has brought CISO stock to the forefront in the past few months as the importance of cybersecurity continues to take center stage. And while it does look like a slightly volatile penny stock, it is still one that could be worth adding to your penny stocks watchlist.
Color Star Technology Co. Ltd. (NASDAQ: CSCW)
With an almost 2% gain on February 25th, CSCW stock is once again in the public eye. In the past few months, we’ve covered CSCW stock extensively as it has remained a highly popular penny stock to watch. In the past five days however, shares of CSCW have shot down by over 55%, which is very substantial. This major decline comes as the company announced its entrance into an agreement for a registered direct placement of $10 million worth of ordinary shares and warrants. Aside from this, the company announced today that it has partnered with the Spanish soccer club, Villareal CF.
“Villarreal is a very inspiring team. We admire and love the team’s aggressive spirit. We hope that this partnership will help usher Color Star to Europe and into the soccer scene, a sport that incites unbelievable levels of passion into the hearts of millions.
This is just the beginning of our partnership, and we believe that as the partnership grows, our cooperation will naturally deepen in the future.”The CEO of Color Star, Lucas Capetian
While the long term effects of this partnership are hard to deduce, for now, it should bring in some much needed notoriety to Color Star. The deal will effectively allow Color Star to build upon its entertainment platform by offering sports alongside its other products. This is an exciting step for the company and should continue to be on investors minds if interested in CSCW stock. Considering that, will it be on your list of penny stocks to watch or not?
Which Penny Stocks Are You Watching Next Week?
With so much going on in the stock market right now, it can be difficult to find the best penny stocks to buy. However, because of the sheer number of events at play, finding penny stocks that are worth buying can be much easier than previously imagined.
To do so, traders need to understand both what is happening in the stock market and how to take advantage. Only then can making money with small caps be possible. Considering this, which penny stocks are you watching next week?