Are these penny stocks worth adding to your July watchlist?
With so much positive momentum in penny stocks, investors keep looking for the best small caps to buy. Although the momentum has been relatively volatile over the past few months, we are seeing certain days more positively than others. So knowing how to choose the best penny stocks to buy will always be a huge benefit for you and your portfolio.
[Read More] Top Robinhood Penny Stocks To Buy? 7 For your watchlist in mid-July
In July 2021, investors need to be one step ahead of the game. With so many individual factors influencing the stock market right now, it is best to try to stay up to date on each one. While this may seem like a daunting task, with the power of the internet it is quite doable. And with hundreds on the list of penny stocks to choose from, the options are plentiful. With all this going, have you heard of these seven penny stocks that you should be checking out?
4 Hot Penny Stocks That You Should See Right Now
- Broadway Financial Corp. (NASDAQ: BYFC)
- Darkpulse Inc. (OTC: DPLS)
- Advaxis Inc. (NASDAQ: ADXS)
- Cinedigm Corp. (NASDAQ: CIDM)
Broadway Financial Corp. (NASDAQ: BYFC)
Broadway Financial might not be a penny stock you’ve heard of, but it has made some big waves in recent trading sessions. For some information, BYFC is a bank holding company. This means that the company is specifically active on the savings and credit side of the banking business.
BYFC does this by taking public deposits, loans, and other sources of funds to secure mortgage loans with real estate. BYFC is based in California and its loan portfolio consists primarily of mortgage loans backed by multi / single family homes and commercial real estate.
In the past five days, BYFC stock is up over 12%. Over the past six months, stocks are up a solid 53% or so. The main reason for this solid growth is that the entire real estate market continues to appreciate in value during this time. And as a company that is highly correlated to the real estate market, BYFC is worth a look if real estate prices continue to rise. With all of this in mind, will BYFC stock be on your watchlist going forward?
Darkpulse Inc. (OTC: DPLS)
Darkpulse Inc. is a fairly volatile tech penny stock that is making some sizable moves right now. Technology penny stocks have seen a sharp surge in the past year, due to both constant innovation and the resulting focus of the pandemic on technology. Darkpulse specializes in laser-based monitoring systems that enable rapid and precise temperature monitoring.
[Read more] 9 hot penny stocks to keep an eye on for the week ahead
In addition, these systems can quantify strains and stresses and thus improve the safety profile of common industrial components. These include monitoring structures such as pipelines, perimeters, aircraft components and security in mining. The company recently announced the proposed acquisition of TerraData Unmanned, PLC. This is a drone company that provides underwater inspection, 3D modeled mapping, and a host of other services.
“As DarkPulse continues to build world-class technology service offerings for the critical infrastructure / key resource market, we are looking for teams like TerraData who bring with them experienced staff and state-of-the-art equipment that will enable the company to operate AI-assisted inspection services across all media, including land, Sea and air. TerraData’s ability to operate in challenging marine environments with accuracy, efficiency and expert results while eliminating human risk is groundbreaking. ”
DarkPulse CEO Dennis O’Leary
This is big news for the company, and it is most likely what caused DPLS stock to rise nearly 100% over the past five days. With this in mind, is it worth keeping an eye on DPLS in July 2021?
Advaxis Inc. (NASDAQ: ADXS)
Another industry that has seen tremendous growth over the past year is biotechnology. Advaxis is a growing part of the biotech industry and a developer of active ingredients in the clinical stage. His main focus is on the development and commercialization of novel Lm-based antigen delivery products.
[Read More] 8 Top Tech Penny Stocks To Watch Out For In July 2021
Immunotherapies are a large part of many popular treatments because they not only target specific areas of interest, but can also incorporate multiple functionalities into one therapy. In particular, the lead product of ADXS is said to stimulate anti-tumor T-cell immunity. This is often downregulated in the body by cancer to increase growth. Advaxis recently announced a merger with Biosight.
“The proposed merger with Advaxis is a unique opportunity for Biosight to build a leading publicly traded company in oncology with a diversified clinical pipeline in both hematologic malignancies and solid tumors. The combined company will have the proven expertise and strong track record to drive its lead programs towards several anticipated milestones over the next 12 to 18 months. ”
Dr. Ruth Ben Yakar, CEO of Biosigh
While mergers are common in penny stocks, and especially biotech stocks, they are usually of great interest to investors. While we may not see the fruits of this merger for some time, it is definitely a fascinating factor to consider. With that in mind, it may be worth adding ADXS stock to your watchlist in the near future.
Cinedigm Corp. (NASDAQ: CIDM)
Cinedigm Corp. is a penny stock that we have discussed a lot over the past few months. This is due to its constant and considerable momentum combined with a high level of investor interest. The Los Angeles-based entertainment company specializes in digital cinema, content marketing, streaming and distribution.
Just a few days ago it announced that he had been waived a $ 2.2 million loan (Paycheck Protection Program, PPP). The East-West Bank not only repaid the loan in full, but also repaid the principal and interest on the PPP loan. This is a big deal and should have a positive impact on the company’s future bottom line. While the number doesn’t seem too big, any deleveraging almost always encounters positive investor sentiment.
“We are very excited about the waiver of our entire PPP loan and the associated interest. We remain grateful for the financial support provided by the CARES Act in response to the COVID-19 pandemic. This has helped Cinedigm put itself in a very solid position financially, with virtually no debt and a fast growing streaming business. ”
Gary Loffredo, President and CEO of Cinedigm
Loffredo’s sentiment shows that investors should keep a close eye on CIDM’s next balance sheet. Since debt is a huge factor in how positively investors view a company, this massive reduction should be considered. With all this in mind, is CIDM now on your list of penny stocks to keep an eye on?
3 more penny stocks to watch out for in July 2021
- ZW Data Action Technologies Inc. (NASDAQ: CNET)
- Sphere 3D Corp. (NASDAQ: ANY)
- Ebang International Holdings Inc. (NASDAQ: EBON)
Are these penny stocks worth adding to your watchlist?
Finding the best penny stocks to buy in 2021 can seem like a daunting task. But with so much research available to anyone with an internet connection, it can be easier than previously thought.
[Read More] 7 Hot Robinhood Penny Stocks To Watch That Could Be Pandemic Proof
The best trader will always be the one with the most information at hand. For this reason, making a research commitment is always the most important step in making a profit on penny stocks. Given all of this, are these penny stocks worth adding to your watchlist?
Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com
source https://thedailytradingnews.com/7-top-penny-stocks-to-watch-that-you-probably-havent-heard-of-2/
No comments:
Post a Comment