Investing in penny stocks in 2021 has not been the easiest. With so many extraordinary events occurring and major uncertainty, finding the best penny stocks to buy is continuously a challenge.
But like any good investor, utilizing current events and market research, can produce a penny stocks watchlist that rivals even the most educated investors. Right now, there is a lot to think about. This includes everything from the implications of Covid ending to fears of inflation and more.
And on top of this, we have other financial instruments stirring things up such as cryptocurrencies like DogeCoin, Bitcoin, and Ethereum. With all of this going on simultaneously, volatility is arguably higher than ever. Combine all of this with millions of new retail investors, trading penny stocks on Robinhood, and locating others on Reddit, and we have an entirely new stock market.
But, none of this should serve to scare you out of investing. Rather, it should spark excitement in the potential to make gains (and losses) in the stock market in 2021. Because there are so many events occurring, price swings are common and to be expected. So with all of this in mind, let’s take a look at four penny stocks that you should watch right now.4 Penny Stocks to Watch in 2021
- Alset EHome International Inc. (NASDAQ: AEI)
- Verb Technology Company Inc. (NASDAQ: VERB)
- CytoDyn Inc. (OTC: CYDY)
- Denison Mines Corp. (NYSE: DNN)
The market for real estate over the past year has increased dramatically. The result, is penny stocks like Alset EHome International Inc. also pushing up in value due to its role in the housing market. If you are in the market for a new home or apartment in the U.S., you may have come across Alset EHome International. So, as the pandemic results in an increased demand for housing around the nation, real estate developers like AEI could continue to see the benefit.
This may have you wondering, what role does Alset EHome International have in this? Well, AEI is a property development, digital transformation technology, and biohealth Activities Company based in the United States. The company also operates out of Singapore, Hong Kong, Australia, and South Korea. Its property segment develops land, builds homes, and rent, sell, and manage properties.
Only a few weeks ago, the company announced the closure of a $32 million underwritten public offering of units. This is always good news as it allows for a company to grow and capitalize itself fully. In the last 5 days AEI stock has gone from about $4 a share to more than $4.80 per share as of June 4th.
While AEI has only been a penny stock for a short period of time, this could create value in the mind of certain investors. Recently, solid gains such as its 7% move on June 4th show that AEI stock could have the potential to grow alongside the increasing housing boom. With this in mind, will you add AEI to your list of penny stocks to watch?Verb Technology Company Inc. (NASDAQ: VERB)
Tech penny stocks similar to Verb Technology Company Inc. have been high performers in 2021. This is again, a result of the pandemic and its effects on all markets. With more people at home than ever before as of the past year and a half, more people are using technology globally. For some context, Verb Technology develops software-as-a-service applications, such as verbCRM which is its customer relationship management app. CRM applications are incredibly important to the modern financial ecosystem. They allow companies to manage their customers, and grow based on the needs of their users.
On June 1st, the company announced that the CEO will highlight its interactive livestream ecommerce sales applications at the LD Micro Invitational XI. This event will take place on June 8th, 2021. Events like these are always important for investors to consider for two reasons. On one hand, companies can release new information that could affect value. On the other hand, these events give investors insight into what a company is doing now, and what it could be doing in the future.
Another update came recently, when VERB reported its SaaS recurring revenue growth hit 38% year over year and 12% sequentially. This is big news, and shows that Verb Technology could be on a solid trajectory for growth. Additionally, the upcoming presentation could be a great time to take a closer look at VERB stock.
On June 4th, VERB increased by around 9%, indicating substantial bullish sentiment. In the last month, VERB shares have increased by about 17% which is another great sign for investors to consider. Although VERB stock can be quite speculative, it could also be worth keeping an eye on. So, with all of this considered, is VERB stock worth watching?CytoDyn Inc. (OTC: CYDY)
CytoDyn Inc. is a biotech penny stock, working on several groundbreaking medicines. For those who don’t know, CytoDyn develops treatments for multiple therapeutic indications based on Leronlimab, a novel humanized monoclonal antibody targeting the CCR5 receptor. Leronlimab is designed to address unmet medical needs for those with HIV, cancer, immunology, and COVID-19. Because this compound alone has so many indications, the potential for commercialization could be huge if all approval goes according to plan.
Since the company’s Leronlimab treatment is being used as a therapy for patients who experience respiratory complications from COVID-19, it has caught the attention of investors in 2021. As we all know the pandemic has been at the forefront of the media for the last year and a half. On June 1st the company received its first purchase order from Chiral Pharma Corporation for use of Leronlimab under CSP for COVID-19 patients in the Philippines. This is big news for the company as it shows that its product is being used by the public.
The COO and Head of Clinical Development, Chris Recknor, M.D said, “Current Philippine CSP data is significant for 21% mortality rate which is below that observed in CD12. One of the patient successes was recently reported last week on One News Philippines TV station. This patient had severe COVID-19 with deteriorating lung function despite treatment with antivirals and steroids.” With this huge advancement and a recent uptick in price, will you add CYDY to your penny stock watchlist?Denison Mines Corp. (NYSE: DNN)
Mining stocks have exploded in value in the last year and a half, and Denison Mines Corp. has benefitted from this. This happened because of the pandemic causing the price of materials to rise amid mine closures related to the virus. Denison Mines Corp. specifically explores for uranium and develops properties around North America. Its main project is known as the Wheeler River Uranium Project which is located in northern Saskatchewan. At this property, it owns a 90% interest, which is more than substantial.
The price of uranium in 2021 is increasing substantially, and shows no sign of slowing down. Obviously, as a uranium miner, DNN stock is closely tied to all increases and decreases in the value of the ore. In its results from the first quarter of 2021, The President and CEO of DNN gave a statement.
“During the first quarter of 2021, Denison capitalized on improved market sentiment for the role of nuclear energy, as part of the global clean energy transition movement, and entered into strategic financings that have significantly de-risked the Company’s balance sheet and provide considerable financial flexibility for the Company.”President and CEO of DNN, David Cates
On June 4th, shares of DNN stock pushed up by as much as 7%, indicating more strong growth in the uranium sector. At the start of 2021, this mining stock was worth under $0.70 per share. Now, DNN stock is at $1.35 per share on average. In the U.S. and around the world, countries continue to search for new renewable energy sources.
While nuclear power has gotten a bad rap, it remains one of the most energy efficient sources of power. Considering this, many believe that it could become a dominant energy method within the next few decades. So, whether for a short or long term bet, DNN stock could be worth keeping an eye on.Which Penny Stocks Are You Watching Right Now?
In 2021, investing in penny stocks is all about understanding what factors could make the market move. As we all know, the past 12 months have been a banner year for volatility. Because of this, the potential to see major gains (and losses) may be higher than ever.
But, understanding how to use these price swings to your advantage is the name of the game. Buying and selling penny stocks right now is a challenge. However, researching a given company will always give you the best chance at success. Considering all of this, which penny stocks are you watching right now?