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In this article, we discuss the 10 tech penny stocks Reddit is buying. If you want to skip our detailed analysis of these stocks, go directly to the 5 Tech Penny Stocks Reddit is Buying.

Technology stocks have reached evaluations that many analysts now term sky-high and in dire need of correction. Of the top ten companies on the S&P 500 Index in terms of market capitalization, seven are technology firms, like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook, Inc. (NASDAQ: FB). These account for more than 23% of the total index by weightage. David Bahnsen, the chief investment officer of The Bahnsen Group, an investment firm based in California, said earlier this year that tech stocks were poised for a reprice after meteoric gains during the pandemic that pushed valuations too high.

Amid fears of inflation and a drop in the prices of cryptocurrencies because of regulatory concerns, investors who have poured money into the tech sector or those hoping for an inroad into the highest growth sector of the market are nervous about betting on overvalued firms. For these, investments in heavily traded tech penny stocks might be the solution. According to CNBC business news correspondent Bob Pisani, the average trading volumes at the NASDAQ have more than doubled from 7 billion in 2019 to over 14 billion at the beginning of this year.

This statistic highlights the influence of retail investors on the market and the rise of penny stocks they seem to favor, most of which are in the tech sector since it offers explosive growth potential compared to the other industries. Some of the technology penny stocks presently popular on Reddit include eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA). These and others like them are discussed in detail below.

These retail investors and their trading habits have taken the finance world by storm in the past few years. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and May 29th 2021 our monthly newsletter’s stock picks returned 206.8%, vs. 91.0% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Dimitris Chapsoulas on Unsplash

With this context in mind, here is our list of the 10 tech penny stocks Reddit is buying. These were ranked keeping in mind the number of mentions on Reddit, analyst ratings, hedge fund sentiment, and basic business fundamentals.

Tech Penny Stocks Reddit is Buying

10. Creative Realities, Inc. (NASDAQ: CREX)

Number of Hedge Fund Holders: N/A Price as of August 5, 2021: $1.78

Creative Realities, Inc. (NASDAQ: CREX) is placed tenth on our list of 10 tech penny stocks Reddit is buying. The firm is headquartered in Kentucky and provides digital marketing technology solutions. The company has a market cap of $19 million and posted more than $17 million in revenue last year. Some of the services it offers include digital merchandising, customer engagement, and interactive marketing technologies. It markets these services to a whole range of retail and manufacturing businesses.

In March this year, Creative Realities, Inc. (NASDAQ: CREX) announced that it had been engaged to provide digital signage solutions to a convenience store chain in the United States and Canada that operates more than 14,000 stores across the two countries.

In earnings results for the first quarter, posted on May 17, Creative Realities, Inc. (NASDAQ: CREX) reported a net income of $1.3 million and a revenue of $5 million, up 35% year-on-year. The share price of the firm soared by 9% following the earnings report.

Just like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA), Creative Realities, Inc. (NASDAQ: CREX) is one of the tech stocks Reddit is buying.

9. Vinco Ventures, Inc. (NASDAQ: BBIG)

Number of Hedge Fund Holders: N/A Price as of August 5, 2021: $2.94

Vinco Ventures, Inc. (NASDAQ: BBIG) is ranked ninth on our list of 10 tech penny stocks Reddit is buying. The firm operates from Pennsylvania and markets consumer product research and development services. It was founded in 2017. The firm has a market cap of over $184 million and posted more than $15.7 million in revenue last year. It has operations in Europe and the Asia Pacific in addition to the United States and Canada. The firm markets various products to retailers and distributors through ecommerce channels.

In earnings results for the first quarter, posted on May 25, Vinco Ventures, Inc. (NASDAQ: BBIG) reported a revenue of more than $2.5 million, up close to 32% compared to the revenue over the same period last year.

In the past few weeks, the share price of Vinco Ventures, Inc. (NASDAQ: BBIG) has been soaring amid interest on internet platforms like Reddit. On June 11, the stock jumped 11%, doubling in value over a period of weeks on a momentum run.

Alongside Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA), Vinco Ventures, Inc. (NASDAQ: BBIG) is one of the tech stocks Reddit is buying.

8. AmpliTech Group, Inc. (NASDAQ: AMPG)

Number of Hedge Fund Holders: 2 Price as of August 5, 2021: $3.95

AmpliTech Group, Inc. (NASDAQ: AMPG) is a New York-based firm that makes and sells microwave component-based amplifiers. It is placed eighth on our list of 10 tech penny stocks Reddit is buying. On July 29, the firm announced that it had won a follow-up $0.5 million order for Low Noise Amplifiers marketed by the firm that are being used by a high-speed broadband provider. The company will begin shipping the product to the broadband firm this year. The amplifiers are used in satellite ground stations.

On July 28, investment advisory Maxim initiated coverage of AmpliTech Group, Inc. (NASDAQ: AMPG) stock with a Buy rating and a price target of $10, noting the stock offered opportunity across multiple secular growth markets.

At the end of the first quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $1.5 million in AmpliTech Group, Inc. (NASDAQ: AMPG).

In addition to Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA), AmpliTech Group, Inc. (NASDAQ: AMPG) is one of the tech stocks Reddit is buying.

7. Super League Gaming, Inc. (NASDAQ: SLGG)

Number of Hedge Fund Holders: 2 Price as of August 5, 2021: $4.06

Super League Gaming, Inc. (NASDAQ: SLGG) is a California-based firm that owns and runs a video gaming and esports platform. It is ranked seventh on our list of 10 tech penny stocks Reddit is buying. The firm recently joined the Russell Microcap Index. It has a market cap of close to $150 million and posted more than $2 million in revenue last year. The firm was founded in 2014 and employs around 47 people. The company is famous for Minehut, a social gaming portal frequented by Minecraft players.

On May 27, investment advisory HC Wainwright initiated coverage of Super League Gaming, Inc. (NASDAQ: SLGG) stock with a Buy rating and a price target of $6, underlining that the firm was an emerging player in the fast growing esports sector.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Super League Gaming, Inc. (NASDAQ: SLGG) with 63,238 shares worth more than $445,000.

Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA) are some of the tech stocks Reddit is buying, just like Super League Gaming, Inc. (NASDAQ: SLGG).

6. Boxlight Corporation (NASDAQ: BOXL)

Number of Hedge Fund Holders: 3 Price as of August 5, 2021: $1.96

Boxlight Corporation (NASDAQ: BOXL) is placed sixth on our list of 10 tech penny stocks Reddit is buying. The firm operates from Georgia and is in the education technology business. It sells interactive classroom solutions. In the wake of the pandemic crisis, the business of the firm has really taken off. It beat market expectations on revenue for the first quarter and has also joined the Russell Microcap Index. In April, the New York State Office of General Service announced that it would be extending a two-year equipment deal with Boxlight.

On July 1, investment advisory Alliance Global raised the price target on Boxlight Corporation (NASDAQ: BOXL) stock to $6 from $5.5 and maintained a Buy rating, highlighting that the firm was benefiting from a federal stimulus and better-than-expected demand.

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Boxlight Corporation (NASDAQ: BOXL) with 121,107 shares worth more than $306,000.

Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), eMagin Corporation (NYSE: EMAN), Ceragon Networks Ltd. (NASDAQ: CRNT), and Exela Technologies, Inc. (NASDAQ: XELA) are some of the tech stocks Reddit is buying, alongside Boxlight Corporation (NASDAQ: BOXL).

Click to continue reading and see 5 Tech Penny Stocks Reddit is Buying.

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Disclosure. None. 10 Tech Penny Stocks Reddit is Buying is originally published on Insider Monkey.

Sours: https://www.yahoo.com/now/10-tech-penny-stocks-reddit-160733555.html

Top Reddit Penny Stocks to Watch: Key Takeaways

  • Stock #2 just soared 200%+ on recent news of a change in control…
  • Two stocks on this week’s watchlist are poised for multi-day breakouts…
  • Why Reddit traders think the market’s undervaluing stock #1…

Ready to unlock your full trading potential? Apply for the Trading Challenge here.

My favorite OTC stocks are HOT! So it’s no surprise this week’s Reddit penny stock watchlist is full of them. I’m watching big percent gainers with news. Read on for info on an uplisting, how one company announced a partnership to help Afghan refugees, and more.

Also, check out WallStreetBets’ top mentioned tickers with bullish sentiment and additional trending Reddit penny stocks. Let’s go!

  1. Two Hands Corporation (OTCPK: TWOH … Read our full analysis here.)
  2. Health Revenue Assurance Holdings, Inc. (OTCPK: HRAA … Read our full analysis here.)
  3. Transportation and Logistics Systems, Inc. (OTCQB: TLSS … Read our full analysis here.)
  4. SmileDirectClub, Inc. (NASDAQ: SDC … Read our full analysis here.)
  5. All American Pet Company, Inc. (OTCPK: AAPT … Read our full analysis here.)

Table of Contents

5 Reddit Penny Stocks to Watch This Week

I’ve cut through the noise and chatter on Reddit to come up with these top six Reddit penny stocks to watch now.

But remember, this watchlist isn’t a recommendation to buy or trade these stocks.

And if you’re hoping to get rich quick or wondering “can you get rich off penny stocks?” … you have the wrong mindset.

Don’t focus on the money.

That only creates bad trading habits like going all in, gunslinging, and overtrading…

Those are all the habits Reddit traders seem to promote and encourage.

Ignore that BS. Never blindly follow or listen to promoters or pumpers on social media and in chat rooms. They all claim these stocks are going to the moon. They’re not.

Most penny stocks fail.

Always expect the worst from every company so you won’t be disappointed. Be ready to take advantage of the hype and volatility, trade your patterns and trading plan, then move on.

If you’re new to penny stocks, get my FREE guide to trading this niche here. 

Let’s do this…

Reddit Penny Stocks to Watch #1: Two Hands Corporation (OTCPK: TWOH)

TWOH is a tech company that develops apps, like its Gocart.city app and meal kit delivery service.

The stock returns to the watchlist from last week. Last week a user posted a due diligence thread on the company. This week another user posted a DD thread explaining why they don’t think the market is valuing the company or food tech market correctly…

That thread starts with, “I wanted to share my own rationale for taking a large position this week, which centers on valuation in the burgeoning foodtech market.”

Why would you listen to anyone pumping a stock who admits to holding a large position? That’s the same as buying and believing in penny stock promotions.

NEVER follow anyone’s picks or believe the hype. Trade smarter.

TWOH is a sub-penny stock, so not my favorite to trade…

But it’s close to a multi-month breakout over $0.0059. And it’s a former runner that’s trading high volume. With the right catalyst, it could break out. If not, I’ll watch for a panic dip buy.

 

Reddit Penny Stocks to Watch #2: Health Revenue Assurance Holdings, Inc. (OTCPK: HRAA)

HRAA provides billing and contract coding services to medical providers to assist in collecting reimbursement from insurance companies.

The stock’s on a solid multi-day run. It even broke out to new 52-week highs on September 13 — it spiked over 200%! The run started when the company announced a change in control on September 10.

According to a Reddit trader’s DD thread, they think it will be up 10x in the coming weeks or months. And they claim the company has “estimated revenues of +$100 million.”

HRAA has a nice chart and a catalyst, but I won’t chase it up here. I’ll watch it for a morning panic dip buy.

 

Reddit Penny Stocks to Watch #3: Transportation and Logistics Systems, Inc. (OTCQB: TLSS)

TLSS is a trucking company that offers logistics and delivery services.

A Reddit trader recently posted a thread about the company and why they think the SalSon Logistics acquisition will send this stock to the moon…

This trader claims “SalSon is estimated to make over $100M in revenue this year with an approximate $12M EBITDA.” They also wrote that “SalSon will make TLSS instantly profitable.”

TLSS recently uplisted from the Pink Sheets to the OTCQB on September 1. And it’s trading higher than average volume.

I’ll watch it for a potential multi-day breakout over $0.024, ideally with a catalyst.

 

Reddit Penny Stocks to Watch #4: SmileDirectClub, Inc. (NASDAQ: SDC)

SDC offers oral care products and a clear aligner.

It’s not technically a penny stock as it trades around $5.75 as of this writing. The stock also has an ugly long-term chart. I call it a bad sushi chart when a stock has multiple gap downs on the daily chart.

But a Reddit trader thinks it has the potential to squeeze shorts … They posted a due diligence thread saying they think “shorts are really in a bad spot here” due to the high short interest, and the stock has “very high institutional ownership.”

SDC spiked 15% on September 13 but the company also announced news of a year-long partnership to help Afghan refugees in the U.S.

If the stock can get over $6.25 it might be interesting. But I’ll wait for a catalyst and high volume before planning a trade in this one.

 

Reddit Penny Stocks to Watch #5: All American Pet Company, Inc. (OTCPK: AAPT)

AAPT’s a shell company looking for potential acquisitions. It’s listed as dark or defunct on the OTC markets website.

One Reddit trader thinks that merger news with a private fintech company is “very very close.” In the comments, many traders who want to buy in say they can’t due to their broker’s restrictions. (Click here to find out which brokers I think are best for day traders.)

The company’s attempting to get Pink Current. On September 7, it said via a tweet that there “will be an official press release in the next few days” to provide an update on its company direction and upcoming merger valuation.

The stock’s a multi-day runner that recently broke out to new 52-week highs. Now it’s consolidating and volume’s fading. I’ll watch for a dip buy into any big panic. But if the company announces news, it could break out over $0.017 with high volume.

 

More Reddit Stocks to Watch

What else is trending on Reddit? Here are some stocks seeing increased chatter in the chat rooms. But remember, a lot of the traders in these chat rooms are HODLing.

They’re more like investors or swing traders than day traders. It seems many believe in these companies. I think that’s a huge mistake…

Prepared traders don’t get sucked into the chatter. Use the volume and hype to trade repeating patterns then move on to the next.

Over on WallStreetBets, Cameco Corporation (NYSE: CCJ) was the top-mentioned ticker with bullish sentiment on September 13.

WSB traders were also bullish on Ocugen, Inc. (NASDAQ: OCGN) to start the week. That was following a report saying the “World Health Organisation’s (WHO) approval for Bharat Biotech’s COVID-19 vaccine, Covaxin, is expected this week.” (OCGN’s partnered with Bharat for the vaccine development.)

Here’s what else is trending with Reddit penny stock traders:

  • Aterian, Inc. (NASDAQ: ATER): ATER was on last week’s watchlist as Reddit traders had targeted it as the next SPRT-type short squeeze. It was on watch for a break out of the pennant flag on the daily chart. It broke out on September 8 and has continued to run. Now I think it’s getting overextended. I’ll watch it for a potential dip buy into a big panic. (Past performance is not indicative of future returns.)  
  • Applied Genetic Technologies Corporation (NASDAQ: AGTC): AGTC was mentioned in a thread recently and it was given a $35–$36 price target. In the comments, many traders share that they’re bag-holding this biotech from the $4s. Company directors will present at the Clinical Trials in Rare Diseases Conference on September 14. We’ll see how the stock reacts after the presentation.

See the Penny Stocks I’m Watching

Want to know which stocks I’m watching each week?

Subscribe to my no-cost weekly watchlist. I’ll send my list of the top stocks to watch to your inbox every Sunday.

If you want even more stocks to watch, keep up with my blog. I update these watchlists every week:

I also send my daily watchlist and game plan to Profit.ly subscribers every morning. There are three ways to get it. Get a Profit.ly subscription for access.

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But I don’t want you to blindly follow stock picks and alerts from anyone — including me. Learn the reasons behind my trades and stock picks. Then learn to find your own. Become self-sufficient just like my top students…

And all of my 10+ millionaire students have come from my Trading Challenge.*

If you’re accepted you’ll get access to all my top trading education resources — video lessons, webinars, all my DVDs, plus access to the top Challenge traders in my chat room.

If you’re truly dedicated to learning the process and mindset it takes to make it in the markets long term — apply to the Trading Challenge today.

The Final Word on Reddit Penny Stocks

Reddit chat rooms have the potential to push stocks higher. They can create giant short squeezes and supernovas. We’ve seen it happen in the past.

And although the past doesn’t repeat itself exactly, it often rhymes.

I’m in no way saying run out and buy these Reddit penny stocks. The chat rooms can be full of promoters and bots just as much as Twitter. But stocks with high volume and hype could present opportunities. So watch them for potential plays.

But always have a trading plan and stay disciplined. And never believe the hype.

Not sure which pattern or strategy is best for you? Watch the market, practice by paper trading on StocksToTrade**, and study all my trading education resources.

And when you’re ready, apply for my Trading Challenge.

Which of these Reddit penny stocks do you think has the most potential? Let me know in the comments … I love to hear from you!

Disclaimers

*Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work.  Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed are exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable. 

**Tim Sykes has a minority ownership stake in StocksToTrade.com.

Sours: https://www.timothysykes.com/blog/reddit-penny-stocks/
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In this article, we discuss the 10 best penny stocks popular on Reddit. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Penny Stocks Popular on Reddit.

Internet forums like Reddit have opened up the stock market to a new generation of investors who come from all types of different backgrounds, diversifying the marketplace and resulting in a flurry of new investments into equities. In late July, Goldman Sachs analyst David Kostin told investors in a research note that the retail favorite stock list of the investment bank had outperformed the benchmark S&P 500 Index by 3 percentage points in June, an indicator of the ever-growing power of retail investors on the overall market dynamics.

Some of the stocks presently popular on Reddit include Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR), among others. However, for those not interested in these pricey options, there are several penny stocks popular on the internet platform, some of which are discussed below. Penny stocks are popular on the platform because many retail investors operate on limited budgets and are not averse to risk-taking.

Smart investors can gather valuable insight from the trends related to the penny stocks and their impact on the market, especially with regards to meme stocks and high volume trades that have exploded in popularity over the past few months. As more money is poured into the market, volatility has been high, but for those who can turn profits from diligent research into penny stocks, playing the game with the big boys becomes that much easier. It is fair to say that retail investors have delivered a rude awakening to the world of big finance in recent months.

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and May 29th 2021 our monthly newsletter’s stock picks returned 206.8%, vs. 91.0% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Jason Briscoe on Unsplash

With this context in mind, here is our list of the 10 best penny stocks popular on Reddit. These were ranked keeping in mind the number of mentions on Reddit, analyst ratings, hedge fund sentiment, and basic business fundamentals.

Best Penny Stocks Popular on Reddit

10. Farmmi, Inc. (NASDAQ: FAMI)

Number of Hedge Fund Holders: 2

Price as of August 3, 2021: $0.45 per share

Farmmi, Inc. (NASDAQ: FAMI) is a Chinese firm that processes and sells agricultural products. It is placed tenth on our list of 10 best penny stocks popular on Reddit. The company has a market cap of over $70 million and posted more than $30 million in revenue last year. On May 13, the share price of the firm jumped more than 7% after it announced that Zhejiang Forest Food, a subsidiary of the firm, had been awarded a mushroom export order to Israel.

On June 23, Farmmi, Inc. (NASDAQ: FAMI) announced that it had entered into an agreement with Sigma Holding as part of a plan to expand into the distribution network of agricultural products. The strategic and cooperation agreement envisions the joint establishment of a new firm and a 50-year partnership between the sides.

At the end of the first quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $507,000 in Farmmi, Inc. (NASDAQ: FAMI), up from 1 in the previous quarter worth $858,000.

Alongside Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR), Farmmi, Inc. (NASDAQ: FAMI) is one of the stocks popular on Reddit.

9. Pintec Technology Holdings Limited (NASDAQ: PT)

Number of Hedge Fund Holders: 2

Price as of August 3, 2021: $0.96 per share

Pintec Technology Holdings Limited (NASDAQ: PT) is placed ninth on our list of 10 best penny stocks popular on Reddit. The firm markets financial technology services and is based in China. It has a market cap of over $39 million and posted more than $57 million in revenue last year. In December last year, the firm had announced that it would be partnering with China Mobile Communications to develop a joint project related to advanced fintech solutions. The project would make use of big data analytics and artificial intelligence technology.

In April this year, Pintec Technology Holdings Limited (NASDAQ: PT) stock soared 30% after it announced that it had entered into an agreement for the purchase of Shenzhen Jishengtai Technology, a technology company that markets security solutions, in an all-stock deal.

At the end of the first quarter of 2021, 2 hedge funds in the database of Insider Monkey held stakes worth $141,000 in Pintec Technology Holdings Limited (NASDAQ: PT), down from 3 in the previous quarter worth $129,000.

Just like Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR), Pintec Technology Holdings Limited (NASDAQ: PT) is one of the stocks popular on Reddit.

8. Ever-Glory International Group, Inc. (NASDAQ: EVK)

Number of Hedge Fund Holders: 2

Price as of August 3, 2021: $5.08 per share

Ever-Glory International Group, Inc. (NASDAQ: EVK) is ranked eighth on our list of 10 best penny stocks popular on Reddit. The company retails clothes and is headquartered in China. In earnings results for the first quarter, posted on May 14, the frim reported a revenue of close to $71 million, up 21% compared to the revenue over the same period last year. The company has a market cap of $33 million. In addition to China, the firm has business interests in Germany, the United Kingdom, Europe, Japan, and the United States.

On August 2, Ever-Glory International Group, Inc. (NASDAQ: EVK) announced that the board of the firm had approved a stock buyback program worth up to $5 million valid till the 31st of December this year.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Ever-Glory International Group, Inc. (NASDAQ: EVK) with 98,800 shares worth more than $264,000.

In addition to Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR), Ever-Glory International Group, Inc. (NASDAQ: EVK) is one of the stocks popular on Reddit.

7. Citius Pharmaceuticals, Inc. (NASDAQ: CTXR)

Number of Hedge Fund Holders: 5

Price as of August 3, 2021: $1.89 per share

Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) is a pharmaceutical company headquartered in New Jersey. The firm focuses on developing drugs for critical care. It is ranked seventh on our list of 10 best penny stocks popular on Reddit. The company joined the Russell 2000 Index in late June. Myron Holubiak, the CEO of the company, said at the time that the inclusion was an important milestone for the firm and reflected the work it had been doing in developing first-class treatments for patients around the globe.

In earnings results for the first quarter, posted on May 13, Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) reported earnings per share of -$0.04, beating market predictions by $0.05. The cash and cash equivalents over the period were over $103 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) with 989,096 shares worth more than $1.7 million.

Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR) are some of the stocks popular on Reddit, just like Citius Pharmaceuticals, Inc. (NASDAQ: CTXR).

6. Atossa Therapeutics, Inc. (NASDAQ: ATOS)

Number of Hedge Fund Holders: 6

Price as of August 3, 2021: $2.91 per share

Atossa Therapeutics, Inc. (NASDAQ: ATOS) is placed sixth on our list of 10 best penny stocks popular on Reddit. The firm is based in Washington and makes and sells pharmaceutical products. It concentrates on the development of drugs for the treatment of serious infectious diseases. The company has been working on several COVID-19 related drugs and last month obtained regulatory approval from Australian authorities for a study of AT-H201, a therapy for hospitalized COVID-19 patients.

In earnings results for the first quarter, posted on May 14, Atossa Therapeutics, Inc. (NASDAQ: ATOS) reported earnings per share of -$0.04, beating market estimates by $0.01. The cash and cash equivalents over the period were more than $137 million.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Atossa Therapeutics, Inc. (NASDAQ: ATOS) with 3.3 million shares worth more than $6.9 million.

Tesla, Inc. (NASDAQ: TSLA), Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), NVIDIA Corporation (NASDAQ: NVDA), and Palantir Technologies Inc. (NYSE: PLTR) are some of the stocks popular on Reddit, alongside Atossa Therapeutics, Inc. (NASDAQ: ATOS).

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Sours: https://finance.yahoo.com/news/10-best-penny-stocks-popular-202945096.html

Best Penny Stocks on Reddit That You Need to Know About

3 Reddit Penny Stocks to Watch Right Now 

We discuss penny stocks mentioned on Reddit quite frequently. And, there are several good reasons for that. While the trend of finding penny stocks on Reddit is nothing new, it is still a phenomenon when we look at the past few years of trading. 

Beginning with the rise of GME stock, we then saw stocks like AMC stock, BB stock, and plenty of others skyrocket off of social media sentiment only. And while this can be a positive, it also can be a major negative for some investors. But, knowing how to spot the next Reddit penny stock and whether it is worth it, is something that will be invaluable to your trading strategy. 

[Read More]4 Penny Stocks To Buy According To Analysts & Price Targets Up To 507%

The first question you might want to ask yourself is, what your threshold for risk is. If it is low, finding penny stocks on Reddit may not be a great idea. However, if you are ok with risk and volatility, Reddit penny stocks can be worth it. Keep in mind that it is extremely difficult to predict which penny stock may become the next highly trending small-cap. 

But, if we look at factors such as volume, and mentions online, we can have a better chance at spotting the value. So, while there are hundreds of penny stocks discussed on Reddit, it is always best to understand the fundamentals of a company over what people are saying online. Considering all of this, let’s take a look at three penny stocks that are being mentioned on Reddit right now. 

3 Penny Stocks on Reddit to Watch in 2021 

  1. Denison Mines Corp. (NYSE: DNN) 
  2. Datasea Inc. (NASDAQ: DTSS) 
  3. New Oriental Education & Technology Group Inc. (NYSE: EDU) 

Denison Mines Corp. (NYSE: DNN)

Uranium penny stocks have been on a tear recently, and Denison Mines Corp. is one company that has been taking advantage. If you’re unfamiliar, DNN is a uranium company that develops and produces uranium ore at various locations. Its key project is the Wheeler River Uranium project located in the Athabasca Basin region in Saskatchewan. Denison currently holds a 95% interest in this project, and it has been very successful for the company so far.

On August 5th, the company reported its results from the second quarter of 2021. Denison received $5.8 million in connection with the conversion of Uranium Participation Corporation into the Sprott Physical Uranium Trust. The company also completed the acquisition of 50% of JCU Exploration Company Limited for $20.5 million during this period.

“The Company continues to successfully advance on its ambition of developing the high-grade Phoenix deposit, as potentially one of the lowest cost uranium mines in the world, at a time when the uranium market is showing signs of a sustained recovery and the beginnings of a new contracting cycle.”

President and CEO of Denison Mines, David Cates

Since these results were released, DNN stock managed to climb substantially. Considering all of this information, is this high-volume penny stock going to make your watchlist in September?

Penny_Stocks_to_Watch_Denison_Mines_Corp

Datasea Inc. (NASDAQ: DTSS)

Datasea Inc. is a tech penny stock that has seen some major bullish sentiment in the past few weeks. This company provides smart security solutions to companies and is based out of China. It currently is developing smart 3D security platforms, scenic area security systems, school security systems, and much more. These products are sold to schools, public communities, and more.

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On September 13th, the company announced a $4.33 million new contract to provide short message and 5G multimedia message services with Shuhai Zhangxun Information Technology Co. Ltd. Shuhai Zhangxun will give messaging services to help Hubei Huanyun Network Technology Co. Ltd. reach its clients.

“I’m very pleased to announce the new agreement with Hubei Kuanyun on 5G Multimedia Messaging Services. This cooperation demonstrates Datasea’s ability to provide bulk messaging services and a growing market recognition in our technology advantages, products, and effective service delivery.”

CEO of Datasea, Zhixin Liu

On the same day of this announcement, DTSS stock managed to climb on the good news. This is common with penny stocks as speculation will almost always have an impact on share price. So will DTSS stock be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Datasea_Inc

New Oriental Education & Technology Group Inc. (NYSE: EDU)

New Oriental Education & Technology Group Inc. is an education penny stock we have discussed frequently in the past few months due to its market momentum. If you’re unfamiliar, New Oriental is a company that offers K-12 private educational test preparation services. As of May 31st, 2020 the company’s services and programs were offered in 104 schools, 1,361 learning centers, and 12 bookstores.

Its latest update comes from mid-August when it provided an update on regulatory development. The company announced that the Beijing Municipality Government and the Beijing Municipal Committee of the Communist Party of China jointly issued the “Beijing Municipality’s Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing” These rules are being called the “Beijing Measures”.

Now the company can no longer provide its services during break periods or holidays. The company can also not provide its services that are outside of or in advance of the school curriculum. The price point of its Academic AST must follow government guidelines as well. This is the government’s attempt to prevent excessive charging or profit-seeking activity. Since these new guidelines were released, EDU stock has been rising in the market following a few weeks of bearish sentiment. With all of this in mind, will EDU stock be on your watchlist this week?

Penny_Stocks_to_Watch_New_Oriental_Education_

Why Investors Like Reddit Penny Stocks 

The opportunity to find the next big winning penny stock on Reddit is something that entices all types of investors. But, with so many to choose from, it can be a difficult task to pick just a handful for your watchlist. 

[Read More]3 Top Penny Stocks to Watch That Are Trending Right Now

The easiest way to narrow it down is to consider your risk tolerance, and use that to your advantage. In addition, spending as much time as you can researching the company will also be a major benefit to your investing. Considering all of this, it’s no wonder why investors like Reddit penny stocks so much. 



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

Sours: https://pennystocks.com/featured/2021/09/18/best-penny-stocks-reddit-need-know/

Reddit penny stocks

Hot Penny Stocks That Investors on Reddit Are Watching Right Now

3 Hot Reddit Penny Stocks to Watch in October 2021 

Reddit has become synonymous with many major gaining penny stocks in the past six months or so. Again today, we saw big names like CEI stock and FAMI stock shoot up by over 6% and 41% by EOD respectively. 

Now, it’s worth noting that gains like this do happen, and they can happen relatively often with penny stocks. This is the result of massive speculation on Reddit and the resulting sentiment that spreads across social media. In the case of CEI stock, shares have skyrocketed by over 520% in the past month. This is a staggering gain, and one that is due to both the company itself, and mostly the influence of meme stock culture. 

[Read More]Best Penny Stocks Under $1 To Watch After CEI Stock’s 1,280% Move

If you’re unfamiliar, a meme stock is a stock that is frequently trending, and can push up as a result of its status online. In addition, other factors come in such as its short float percentage and whether or not the company has made any announcements in the past few months. However, the majority of the movement with meme stocks tends to be the result of high speculation. 

For this reason, staying up to date with as much information as you can, will help to put you ahead of the game with penny stocks on Reddit. And in 2021, the investor that is the most informed, is the investor with the best chance of making money with penny stocks. Considering all of this, let’s take a look at three penny stocks on Reddit that you should check out right now. 

3 Penny Stocks on Reddit to Watch in October 

  1. Ambev S.A. (NYSE: ABEV) 
  2. Senseonics Holdings Inc. (NYSE: SENS) 
  3. Seelos Therapeutics Inc. (NASDAQ: SEEL) 

Ambev S.A. (NYSE: ABEV)

Ambev S.A. is a company that sells beer, soft drinks, and a large variety of other beverage products. In addition to beverages, the company distributes and sells food products which helps to round out its offerings. If you’re not familiar with Ambev, you likely have heard of the brands it represents. This includes Budweiser, Bud Light, Stella Artois, and Corona among many others. It also sells non-alcoholic beverages under the Lipton, Pepsi, Gatorade, Seven Up brand names. 

The latest update from the company came in July when it provided an earnings and operations update for the second quarter of 2021. In this period, its net revenue increased by about 36%. Its normalized profit also increased year over year by a whopping 116%. These numbers are very encouraging, and show sizable growth potential for Ambev. 

Currently, Ambev is still experiencing some struggles because of the pandemic, but these are shrinking as the world pushes towards a more “normal” state. It’s worth noting that in times of both economic prosperity and hardship, alcohol sales tend to be high. As a result, we could continue to see demand for Ambev’s products rise.

Read more:4 Hot OTC Penny Stocks To Watch For October 2021

In the past twelve months, shares of ABEV stock have climbed by around 23%. This may not seem like much when compared to other penny stocks, however, it does look like we’re witnessing a bullish turnaround right now. Considering this, does ABEV stock deserve a spot on your penny stocks watchlist?

Penny_Stocks_to_Watch_Ambev_S.A._(ABEV_Stock_Chart)

Senseonics Holdings Inc. (NYSE: SENS)

Senseonics Holdings inc. is a biotech company that creates glucose monitoring systems for diabetes patients. The company is involved in both the development and commercialization of these products. Currently, Senseonics offers the Eversense and Eversense XL CGM systems to measure glucose levels. It does this via an under-skin sensor, a removable and rechargeable smart transmitter, and a real-time updating mobile application. These products are sold to healthcare providers and patients through distributors and fulfillment partners.

On September 13th, the company announced a collaboration with the University Hospitals Accountable Care Organization (UHACO) in Ohio. The UHACO’s purpose is to improve the health and wellness of employees and dependents enrolled in a UH employee medical plan. UHACO has started offering the Eversense CGM System to its Medicare enrollees as of earlier this month. The system will be used in patients with type 1 and type 2 diabetes patients that are on insulin.

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Head of Endocrinology and Diabetes at UHACO, Betul Hatipoglu, M.D. said, “We are excited to offer Eversense to our ACO patients with diabetes. Supplying tools for effective glucose management allows us to meet the Standards of Care for patients using insulin as outlined by the American Diabetes Association.” It will be interesting to see what results come from this partnership. For now, will SENS stock be on your watchlist in October?

Penny_Stocks_to_Watch_Senseonics_Holdings_Inc_SENS_Stock_Chart

Seelos Therapeutics Inc. (NASDAQ: SEEL)

Seelos Therapeutics Inc. is a biotech company that creates therapeutics and novel technologies to treat the respiratory system, central nervous system, and more. One of its lead programs is SLS-002 which is for treating acute suicidal ideation and behavior in patients with major depressive disorders. Seelos also has SLS-007 which is for treating patients with PD, and SLS-006 for treating those with Parkinson’s disease among many others.

Recently news broke that the FDA has approved the addition of SLS-005 regimen in the HEALEY ALS trial. The treatments that enter the platform trial are picked by expert ALS scientists and members of the Healey Center Science Advisory Committee. Investigators from the trial design committee worked with Seelos to include the Phase 2b/3 trial on the platform.

“The addition of the fifth regimen continues this new approach of more rapidly testing new therapies for people with ALS. We are grateful to all the foundations and individuals who support the HEALEY ALS Platform Trial”.

Merit Cudkowicz, MD, The Principal Investigator of the HEALEY ALS Platform Trial

This is the latest update that has come from Seelos Therapeutics. In the last month, SEEL stock has gone up by over 14% and in the past twelve months by over 150%. The company’s volume has also been much higher than average recently. Keeping this in mind, is SEEL stock worth adding to your penny stock watchlist this week?

Penny_Stocks_to_Watch_Seelos_Therapeutics_Inc_SEEL_Stock_Chart

Are Reddit Penny Stocks Worth Buying or Not?

Finding the best penny stocks to buy on Reddit can be tricky. And, investors should understand that when penny stocks are mentioned on Reddit, they tend to move very fast. This means that traders should be comfortable with large price swings while staying up to date on what that movement is.

[Read More]These Penny Stocks Are Popular With Retail Traders Right Now

And with so much going on in the stock market right now, having a trading strategy will help to keep you ahead. Considering that, do you think that Reddit penny stocks are worth it or not?



Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

Sours: https://pennystocks.com/featured/2021/09/29/hot-penny-stocks-investors-reddit-watching-now/
Why penny stocks are the latest focus of Reddit investors

He offered tea, and sitting on the sofa, I looked into his eyes. There was something mysteriously attractive about them. Yuri smiled mysteriously when I babbled to him about her husband, about their secret. His hand inadvertently placed on my knee began to move, and easily squeezing his thigh, rose higher and higher.

Now discussing:

As soon as we arrived, we immediately went to the sea, then walked, and in the evening we visited the bar, which was located in our hotel. Our faithful immediately got drunk in a splash. Svetka and I barely dragged them to the room, where they immediately passed out. And we decided to continue the fun and returned to the bar.

There, three respectable men, about 40, sat down with us.



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