Why Retail Traders Are Watching These Penny Stocks in November
In the past year and a half, penny stocks have become dominated by retail traders. And with that, we’ve also seen a paradigm shift in the way both penny stocks and blue chips are traded.
With the influx of traders on new platforms like WeBull, investing in stocks has never been easier. But, we also see that speculation is dominating the entire market right now as a result of social media sentiment and the trending nature of certain stocks. Now, none of this is bad per se, but it is something to be aware of. While many traders like to think that stocks trade-off of fundamentals, we see that speculation plays a larger role in intraday price movement.
Because of this, investors need to stay as up-to-date as possible on all the latest news and events occurring both with the penny stocks they’re interested in and with the industries at large. Considering all of this, let’s take a look at three penny stocks that retail traders are watching right now.
3 Penny Stocks to Watch Right Now
PetVivo Holdings Inc. (NASDAQ: PETV)
One of the biggest gaining penny stocks of the past few days is PETV stock. During the last five, shares of PETV stock have shot up by almost 100%. If you’re not familiar, PetVivo is a biotech corporation that offers products for treating afflictions and diseases in animals. The company is involved in the licensing and commercialization of these medical devices and biomaterials. One of its products is Kush, which is a joint injection offered by veterinarians for treating osteoarthritis and lameness in horses and dogs.
On October 27th, PetVivo named Kick as its advertising agency across multiple marketing services disciplines. Kick will lead PetVivo’s brand strategy, ads, social media, experiential marketing, and more. Kick is an agency that works for multiple Fortune 500 brands including more than 25 pet brands. This is big news for PetVivo as the company could see a boost in its sales and popularity given the attention it could receive from advertising.
“The team at Kick is second to none in its marketing capabilities within the equine and animal industry and unwavering in its commitment to engaging audiences with impactful messaging that creates action. Their extensive capabilities in strategy, branding, marketing, advertising, and digital media make them uniquely equipped to bring innovative, integrated solutions to what we’re trying to achieve”.
John Lai, the CEO of PetVivo
With its sizable gains in the past few days, it’s no wonder that investors are paying attention to PETV stock right now. Noting this information, will PETV stock be on your watchlist this month?
Advaxis Inc. (NASDAQ: ADXS)
Advaxis Inc. is a biotech penny stock that has seen some relatively stable gains in the past few months. If you’re not familiar with Advaxis, it offers proprietary Listeria monocytogenes technology antigen delivery products. Advaxis is involved in the discovery, development, and commercialization of these products. Its ADXS-PSA product is in Phase 2 clinical trials to treat metastatic prostate cancer. In addition to this, it is also working on ADXS-503 which is in Phase 1 / 2 clinical trials to treat non-small cell lung cancer.
Back in September, the company reported its third-quarter results for 2021. The company announced a definitive merger agreement with Biosight Ltd. during this quarter. The merger should advance both Advaxis’ pipeline and Biosight’s leading product as well. The combined company is expected to have about $50 million in cash and cash equivalents at closing. While mergers in the biotech industry are quite common, they are always exciting for investors to consider.
“We are thrilled by the transformative potential of our proposed merger with Biosight and believe the opportunity to build a diversified clinical pipeline with both early and late-stage oncology assets will benefit both patients and our stockholders”.
CEO and Interim CFO of Advaxis, Kenneth A. Berlin
It may take some time to see the results of this merger, but in the meantime, investors seem excited about the future of ADXS stock. Considering that, does it deserve a spot on your penny stocks watchlist moving forward?
Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
Powerbridge Technologies Co. Ltd. is a tech company that provides software apps and technology solutions. Its services are primarily available in China and include Trade Enterprise, Trade Compliance, Powerbridge System Solutions, and others. The Powerbridge Blockchain-as-a-Service aspect of its business is also worth noting as it pushes the company further into the blockchain industry. Blockchain is extremely popular right now, and as a result, PBTS has seen increased attention. All of its products cater to sales, government, logistics, and a variety of other industries.
On October 8th, the company announced the establishment of crypto mining fleets for Bitcoin and Ethereum. This establishment of fleets will be completed by Powerbridge’s subsidiary, Powercrypto Holdings. Powercrypto expects to finish deploying 2600 high-performance mining rigs in Hong Kong and more.
“We are very excited about our launch and positioning as a global presence in the cryptocurrency mining business. We expect our high-performance environmental-friendly crypto-mining fleets to significantly accelerate our revenue.”
The President of Powerbridge, Stewart Lor
This is all very exciting for the company and investors alike, and pushed PBTS into several budding industries. With crypto heavily in focus right now, many are working to find penny stocks that could benefit. With that in mind, will PBTS stock be on your list of penny stocks to watch?
Which Penny Stocks Are on Your Watchlist?
Finding the best penny stocks to buy in 2021 can be challenging. But, with so many to choose from, the options to make money with penny stocks are plenty. Considering the sheer number of factors that are impacting the stock market right now, it can seem difficult to keep track of every detail.
However, if traders focus on specific aspects of the companies they’re interested in, it can be much easier to narrow it down. With all of that in mind, which penny stocks are on your watchlist?