6 Penny Stocks for Your Watchlist in 2021
Looking to buy penny stocks in July 2021? Well, there are plenty of options for investors of all types. But, to make your penny stocks watchlist competitive, here are a few tips to stay ahead of the game.
First and foremost, understand what is going on in the world wholly, and what is going on in the specific industries you’re interested in. This will help to build a clear picture of where a penny stock could go in the short or long term.
These three tips alone will help to give you the best chance of making a profit with penny stocks. And in 2021, it can be quite difficult without the right information at hand. Considering all of this, here are six penny stocks for your watchlist in 2021.
6 Penny Stocks to Watch in July 2021
Cinedigm Corp (NASDAQ: CIDM)
Shares of Cinedigm Corp. saw a strong rebound on July 15th. This comes after l over 1-month of selling pressure taking the penny stock to lows of $1.06 this week. Though this was initially the case, Thursday’s action saw CIDM stock break above $1.50 for the first time since mid-June. Now, one thing you might think especially if you’ve been watching Cinedigm for a while is that the jump in NFT penny stocks has triggered a sympathy move.
Even though these types of stocks are jumping, it isn’t the main reason that CIDM stock has begun climbing. This week, the company hit on two key milestones. Cinedigm reported preliminary fiscal Q4 results. Its revenue figure came in well-above the analyst consensus. Meanwhile, total streaming minutes in the quarter were roughly 1.16 billion. This set a new record for Cinedigm and was up 285% compared to the same period last year.
Another catalyst helping drive momentum for CIDM stock today: the company announced a debt reduction of around $3.5 million with the final payoff of a non-recourse loan from Prospect Capital Corporation.
“With this final payoff of our non-recourse loan from Prospect, we are now completely debt free…We reduced our debt balance to zero from almost $49 Million at the end of the last fiscal year. Our strong debt-free balance sheet sets us up to support our rapidly growing streaming business and accretive acquisition roll up strategy.”Gary Loffredo, President, Chief Operating Officer & General Counsel of Cinedigm
In light of these developments, CIDM has experienced a strong rally in the stock market today. The biggest question now is can the reversal trend continue in July?
Datasea Inc. (NASDAQ: DTSS)
This past year technology penny stocks have been on the radar of many investors. This is partially due to the move toward digital as a result of the pandemic, and the other part is due to the constant innovation that tech stocks see.
For some context, Datasea is a tech company that operates in the smart security solutions industry. It provides smart hardware and develops education-related technologies as well.
By utilizing novel technologies and intellectual property, DTSS can provide high-efficacy security solutions and education-related tech to its clientele. Yesterday, Shuhai Zhangxun Information Technology Co, a wholly-owned subsidiary of DTSS announced that it had signed six distribution and purchase contracts in order to provide 5G Message-marketing in China.
“Datasea’s research and development team has been making ongoing efforts to improve and strengthen our products as we believe a steady stream of improvements, diligently executed, will have transformational results.
Along with those efforts is our rapidly expanded distribution network nationwide, and I am very pleased to add six new district partners. We are also witnessing increasing demand and inquiries from customers and business partners about 5G MMCP.”CEO of Datasea, Liu Zhixin
This is big news for both the company and investors alike. Because 5G is still a burgeoning technology, there is plenty of room for companies of all sizes to get their fair share. And, it seems as though this is exactly what DTSS is doing right now. With this contract, we could see Datasea report a new revenue stream if all goes according to plan. So, with this in mind, will DTSS stock be on your watchlist?
NLS Pharmaceutics AG (NASDAQ: NLSP)
Another industry that has seen massive growth this past year is the biotechnology sector. Again, this is due to the emphasis that the pandemic has put on biotech, and the billions in funding given to corresponding companies. One of the biotech penny stocks taking advantage of this right now is NLS Pharmaceutics.
This company is focused on treating rare and complex central nervous system disorders. One of NLS’s lead products is Quilience, a drug in development for the treatment of narcolepsy. Today NLS Pharmaceutics announced that the FDA accepted its IND application for Quilience, which will allow it to begin Phase 2a clinical trials.
“We are pleased to now have an open IND so that we can initiate our clinical program with Quilience, our novel formulation of mazindol ER, for the treatment of narcolepsy. We remain on track to commence our prospective Phase 2a clinical trial for Quilience next month as we focus on bringing this treatment option to patients suffering from narcolepsy as soon as possible.”CEO of NLSP, Alex Zwyer
Any news related to FDA that is positive, usually correlates to positive movement with a stock. And, this situation is no different for NLSP. This could be one of the reasons that we saw shares of NLSP stock shoot up by around 2% today. With this big news in mind, is NLSP worth watching right now?
Luokung Technology Corp. (NASDAQ: LKCO)
Another technology penny stock to look at right now is Luokung Technology. This company is a leader in the Spatial-Temporal intelligent big data services industry. It provides location-based services and HD industrial Maps for clients in China. The company utilizes its proprietary technology to provide city and industry-level data. This can then be put to use in everything from autonomous driving to smart transport and more.
In order to remain competitive, LKCO has signed service contracts with leading auto manufacturers for autonomous-driving data collection contracts. Its wholly-owned subsidiary, eMapGo, will be responsible for conducting autonomous driving simulation testing as well as data collection and management. This work is meant to secure LKCO’s position in the industry as a whole and establish it as one of the preferred providers of data services for auto manufacturers in China.
With the world becoming more autonomous everyday, deals like this are important for investors to consider in the long term. While it may take some time before this is fully fleshed out, in the meantime, LKCO stock could be worth adding to your watchlist.
Ideanomics Inc. (NASDAQ: IDEX)
Ideanomics Inc. is another penny stock we have discussed frequently, and one you may be familiar with if you read pennystocks.com often. Ideanomics operates as both a fintech company and a partner in the EV market.
Its goal is to provide economic and operational optimization for commercial fleet vehicle companies. IDEX also works in the electric vehicle market where it provides a one-stop-shop of services for its clients. This includes vehicle procurement, charging infrastructure, energy management, simplicity, and scalability.
IDEX is based out of New York but has international operations in the U.S., UK, China, Malaysia, and Ukraine. Much of Ideanomic’s goal is to use modern technology and innovation in order to improve efficiency, profitability, and reputation of the industry as a whole. Given the tremendous growth spurt seen in the EV market this past year, what do you think of IDEX as a penny stock to watch right now?
Yamana Gold Inc. (NYSE: AUY)
Over the past year and a half, many investors have turned their eyes toward gold stocks as a way to hedge bets against inflation. And, a clear benefactor of this is Yamana Gold Inc. AUY is a Canada-based company that both owns and operates precious metal mines. It’s worth noting that Yamana is widely regarded as the largest gold producer in South America and one of the top five largest global mining companies.
Earlier this year, AUY signed a deal with Glencore and Goldcorp for a project in Argentina. Termed Agua Rica, this project initially predicted potential for a mine that would last 25 years and would return an annual production of 236,000 tonnes of copper-equivalent. In addition, this includes other metals such as gold, molybdenum, and silver.
With a major emphasis on mining penny stocks right now, it’s no wonder that AUY is seeing bullish momentum in July 2021. Over the past five days, shares of AUY stock have shot up by around 4.8%. It’s important to consider that AUY and similar companies tend to move with the price of the metals that they mine. And for this reason, AUY stock could be worth watching if the price of gold continues to rise.
Are These Penny Stocks on Your Watchlist Right Now?
Making a penny stocks watchlist all comes down to understanding where to find value. With so many small-caps to choose from, locating those that may bring you profitability can be challenging.
But, if you can find the right information and understand what makes certain stocks move, this can be much easier to accomplish. With all of these things in mind, are these penny stocks on your watchlist right now?