9 Top Reddit Penny Stocks For Your Summer 2021 Watch List
These 9 Penny Stocks Are Currently On Many Investor’s Watchlists
Finding penny stocks on Reddit has become a favorite pastime for all types of investors. By simply browsing the social media site for penny reddit shares is not enough, making a watch list with often talked about small caps can be a great strategy. As always, use your research before placing any buy orders. This way you can have confidence in the investment rather than going blindly just because it is a trending penny stock.
And in 2021, there are many factors that can impact the trajectory of the entire list of penny stocks to watch. It is important to consider that penny stocks mentioned on Reddit, Twitter, or other social media sites tend to be some of the most volatile.
This can be a good thing or a bad thing depending on your investing style. But, understanding what type of trader you are will help prevent unwanted fluctuations in your portfolio. With that in mind, let’s take a look at Reddit’s top nine penny stocks for your summer 2021 watchlist.
4 Penny Stocks to Watch This Summer
- Staffing 360 Solutions Inc. (NASDAQ: STAF)
- Ocean Power Technologies Inc. (NYSE: OPTT)
- Senseonics Holdings Inc. (NYSE: SENSE)
- Harmony Gold Mining Company Limited (NYSE: HMY)
Staffing 360 Solutions Inc. (NASDAQ: STAF)
Staffing 360 Solutions Inc. is an industry-related penny stock that has risen frequently in the market over the past few trading sessions. The company is focused on acquiring recruiting companies in the US and UK, where it can then provide temporary contractors, recruit candidates for permanent placement, and more. Its recruiting companies support accounting, finance and engineering. So what has Staffing 360 Solutions been up to lately?
On June 24, the company announced improved anticipated second quarter financial results. The President and CEO said, âI am pleased to report that we know the deep and extensive business opportunities that we have expected of us. Each of our activity streams show significant recoveries from the tough times of COVID-19. pandemic. The cost control initiatives we implemented in 2020, combined with strong internal communication, a wellness program, and strong financial control and management, got us through the recovery phase of the business. pandemic stronger than when we entered it. “
On June 30, the company announced a reverse stock split to maintain its listing on the NASDAQ. This stock split took place on June 30 at 5 p.m. Since the split, STAF stock has gone from around $ 3.74 per share on average to $ 5 per share on average on July 2. Given this, will you add STAF to your list of penny stocks to watch?
Ocean Power Technologies Inc. (NYSE: OPTT)
Ocean Power Technologies Inc. is an auxiliary power penny stock working in offshore power grids. This company develops and markets exclusive electricity production systems. These systems use renewable energy from ocean waves to create electricity. In addition, its PB3 PowerBuoy system generates power for separate use from the power grid at remote offshore sites. On June 23, Ocean Power Technologies announced its addition to the Russell Microcap Index.
âThe inclusion of OPT in the Russell Microcap (R) Index demonstrates the growth potential of the company. We believe the awareness of being included in the Russell Indices will not only benefit our existing shareholders, but lead to greater exposure to potential institutional investors.
President and CEO Philipp Stratmann
Just five days ago, OPTT stock was worth an average of $ 2.58 per share. Now, OPTT stock is close to $ 3 per share on July 2. This momentum is the result of the company’s post-pandemic recovery. Ocean Power Technologies’ transaction volume is more than 25 times its current average. With all of this in mind, will OPTT stocks be on your watchlist?
Senseonics Holdings Inc. (NYSE: SENS)
Now let’s talk about a biotech penny stock, Senseonics Holdings Inc., which recently beat market expectations. This medical technology-based company develops and markets continuous glucose monitoring systems for people with diabetes. Its products include Eversense and Eversense XL, which are implantable continuous glucose monitoring systems. These systems measure glucose levels via a subcutaneous sensor, a removable and rechargeable transmitter and an app.
On July 2, the company announced stock grants to its employees under an incentive plan. The company granted 5 new non-executive employees unqualified stock options to purchase a total of 66,000 shares at a price of $ 3.50 per share.
This company also recently presented data from its PROMISE study at the American Diabetes Association’s 81st Annual Virtual Scientific Session. A month ago, SENS stock was averaging at $ 2.10 per share. On July 2, SENS stock is at $ 3.50 per share on average. The business volume is below its average, but that hasn’t stopped it from being in the green on the 2nd. With all of this recent information taken into account, will SENS make your penny watchlist? stock in July?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining company that explores land, mines for precious metals and also processes these metals. The company searches for minerals such as gold, silver, copper and uranium. Harmony is also looking for deposits in South Africa and Papua New Guinea. Currently, Harmony owns nine underground operations in the Witwatersrand Basin, which is a surface mine in South Africa. It also has interests in Hidden Valley, Wafi-Golpu and other projects.
There is no company specific news that is pushing HMY shares up into the market. Generally, the stock of HMY will increase or decrease with the prices of materials. For example, the price of gold rose on July 2. As a result, HMY stock rose 1.58% during the trading day. Over the past month, HMY stock has fallen significantly. Over the past 5 days however, HMY stock has started to show positive momentum. With that in mind, will HMY be a contender for your list of mining stocks to watch?
5 more penny stocks to watch this summer
- Vislink Technologies Inc. (NASDAQ: VISL)
- National Federal Mortgage Association (OTC: FNMA)
- Clearside Biomedical Inc. (NASDAQ: CLSD)
- Adial Pharmaceuticals Inc. (NASDAQ: ADIL)
- Mereo BioPharma Group plc. ADR (NASDAQ: MREO)
Are Reddit’s Penny Stocks Worth It?
Rather, investors should do the proper research to ensure that it has real underlying value. Once this step is completed, profiting from Reddit penny stocks can be a major part of your investing strategy.
COMTEX_389264451 / 2685 / 2021-07-02T18: 10: 03
Is there a problem with this press release? Contact the source supplier Comtex at Editorialpr@comtex.com.