August has already been full of breakout penny stocks to watch. Mostly, they’ve all had some trend that acts as a catalyst. Initially, we saw the low float stock trend take hold and send countless stocks under $5 to new heights. We saw Chinese-based company stocks explode thanks to big moves in HKD stock.

Monkeypox stocks surged from penny levels and short squeeze stocks that seem to be frequently favored by retail trades; we certainly saw why with Bed Bath & Beyond (NASDAQ: BBBY) recently. But then some trends aren’t as sweeping and ones that are more company specific.

Neptune Wellness (NASDAQ: NEPT), Edible Garden (NASDAQ: EDBL), and AgriForce Growing Systems (NASDAQ: AGRI) are the latest on the list of hot penny stocks to watch. The health and wellness company’s shares surged this week with a one-two punch of headlines and a timely Tweet.

What Do Neptune Wellness, Edible Garden, & AgriFroce Growing Systems Do?

Neptune Wellness

Neptune Wellness offers a portfolio of health and wellness products. Its focus is on plant-based and sustainable lifestyle brands. It has taken the growing trend in consumer packaged goods and leveraged “good-for-you” brands, including Sprout Organics, Biodroga, Nösh, nurturme, and Forest Remedies.

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Edible Garden

Edible Garden is also focused on sustainability. In this case, the company provides controlled-environment agriculture services offering organic and sustainable produce. It uses sustainable packaging and self-watering displays in its stores. There’s also a technology angle in its patented GreenThumb software to optimize growing in various growing conditions.

AgriForce Growing Systems

AgriForce develops intellectual property for agricultural technology applications. It aims to build sustainability in crop cultivation and higher nutrition yields. Like Neptune and Edible Garden, AgriForce strives for a sustainable solution to deliver plant-based goods.

Why NEPT Stock Is Moving Today

penny stocks to buy Neptune Wellness NEPT stock chart

So, why is NEPT stock moving today? The short answer is…a Tweet. Following an earnings beat earlier this week, Neptune’s Twitter account made a post on Thursday:

“Sprout products are now in 27,000 doors vs 18,500 doors a year-ago, with some of the newest doors expected to show up in Nielsen data soon, as we scale.
· Sales have outperformed Wal-Mart’s expectations by over 150%.
· Launching new Up Age heat and serve Mealz”

The note about Walmart’s expectations being outperformed by triple digits seems to have stuck with traders in the stock market today.

It may also be worth mentioning that in a previous Tweet today, Neptune also posted:

· The Sprout brand recorded $8.2mm in revenue in Q1 of fiscal 2023, its largest net sales quarter yet.
· Expansion of Sprout Secured Promissory Notes held by Morgan Stanley to an additional 15mm.
· We expect Sprout’s gross margins to increase to 22% by 2024

Why EDBL Stock Is Moving Today

penny stocks to buy Edible Garden EDBL stock chart

Shares of EDBL stock are also moving today. But unlike Neptune, there aren’t any headlines or Tweets to point toward today. However, this week was active early on as Edible Garden reported its second-quarter results.

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It recorded a 7.5% increase in revenue for the quarter compared to Q2 2021. It also discussed expansion plans, which include deploying capital to speed up growth. Despite no current catalyst in the stock market today, EDBL stock could participate in a broader-based move with sustainability-focused companies.

Why AGRI Stock Is Moving Today

penny stocks to buy AgriForce Growing Systems AGRI stock chart

AgriForce has been relatively quiet lately. This week, however, it announced a new PR agency of record. Hopes are that the firm will help AgriForce build brand awareness. The move comes as the company has acquisition agreements and LOIs in place with Delphy Group and Deroose Plants. Both deals were announced during the first quarter of the year.

AGRI stock was red hot earlier in the year as AgTech stocks captivated the interest of investors. Thanks to global sanctions on countries like Russia, the threat to the food supply chain meant high demand for many companies developing growing solutions.

Final Thoughts On Penny Stocks

At any point in time, penny stocks can sporadically break out. Thanks to their lower prices and generally small share structures, the moves for stocks under $5 can become massive. If you’re new to trading, it’s essential to know that plenty of risks are involved too. If you’re new to trading, in general, check out some of these articles:

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