Are These Popular Penny Stocks to Watch on Your List?
Finding popular penny stocks can be a great way to create a watchlist. However, beyond being popular, investors need to utilize other aspects to ensure that a penny stock is worth buying. The best way to understand if you can make money with penny stocks is to do all the research you can. This means looking at balance sheets, press releases, and any news relating specifically to the company or the industry it works in.
The most important aspect, especially with popular penny stocks seems to be the news. While we like to think that stocks trade based on fundamentals, the majority of the time, speculation is the driving factor behind price movement. And as a result, we can use this information to attempt to predict when a stock will bounce (or fall).
Considering the major rise of social media’s influence on stocks, we see that popularity is an important factor in price. So, using platforms like Reddit and Twitter can help when it comes to creating a penny stocks watchlist. With all of that in mind, let’s take a look at three popular penny stocks to add to your list right now.
3 Penny Stocks That Are Popular Right Now
Ault Global Holdings Inc. (NYSE: DPW)
Up by around 3% at midday, Ault Global Holdings Inc. is an industrial penny stock performing well at the moment. This company offers power system solutions for various sectors in North America, the Middle East, Europe, and more. Ault and its subsidiaries are involved in the design, development, manufacturing, and sale of these system solutions. These products are sold to the medical, military, aerospace, and industrial telecom industries. Ault’s products include power conversion equipment, diplexers, detectors, uninterrupted power supplies, and much more.
On November 5th, a new update was released from Ault. The company stated that its global defense business, Gresham Worldwide Inc. booked orders for over $15.3 million in the last two quarters. In the middle of 2021, bookings at Gresham’s operating companies began to increase. This occurred as the demand for products increased as Covid case numbers slowed down. Gresham still performed rather well last year, but this new demand has resulted in increased bookings this year.
“These recent bookings provide visibility into next year through 2024, laying a solid foundation of backlog orders on which to build. We expect this upward trend in bookings to continue through Q4 2021 and into 2022 as the world shakes off the constraints of the COVID pandemic. Cash support from a strong parent, Ault Global, allowed us to increase parts inventory and greatly minimize the current supply chain problems.”
The CEO of Gresham, Jonathan Read
The company believes that customer confidence is increasing and is translating into more orders. With this in mind, will DPW stock be on your watchlist as November continues?
Greenpro Capital Corp. (NASDAQ: GRNQ)
Greenpro Capital Corp. is a company that offers corporate services and financial consulting in Asia. The company offers cross-border listing advisory, tax planning, record management, bookkeeping, accounting, and much more. Primarily, Greenpro’s services are on offer in Malaysia, China, and Hong Kong. Greenpro also offers bank loan advisory, loan and credit, insurance brokerage planning, and risk management among many other services.
On November 5th, Greenpro announced that its incubated company, Angkasa-X is entering into the SpaceTech eco-system. The company is building this SpaceTech-driven eco-system in Malaysia where it may to be supported by The National ICT Association of Malaysia and the Malaysian Space Agency. SpaceTech’s industry September 2021 analytic report stated that the global SpaceTech economy is consistently growing and valued at $4.7 trillion for 2021.
“We are proud that Angkasa-X is set to become a SpaceTech Unicorn with its vision aligned with the United Nations SDGs, to provide satellite connectivity services to serve the 670 million Southeast Asia mass populations.”
CEO of Greenpro Capital Corp., Dr. Lee Chong Kuang
In the last month, GRNQ stock has shot up by over 60%, indicating sizable bullish sentiment. Noting this new info, will GRNQ be on your list of penny stocks to watch?
Meten Holding Group Ltd. (NASDAQ: METX)
Meten Holding Group Ltd. is a penny stock that has climbed by a staggering 115% in the past month with 24% of those gains occurring in the last five days alone. Meten is a company that offers English language training services in China. These services are offered to both adult and junior markets. The company’s educational courses are on offer under the Meten, Likeshuo, and ABC brand names. As of December 31st, 2020, the company had 105 self-operated learning centers and 13 franchised learning centers.
On October 28th, Meten announced a strategic partnership with AGM Group Holdings Inc. This deal is for the development of its blockchain and cryptocurrency mining businesses. AGM is an integrated tech company that offers fintech software services. AGM Group also offers performance hardware and computing equipment manufacturing. This deal will help accelerate the development of Meten’s technology in the blockchain and crypto segment.
“Leveraging AGMH’s advanced technology, experienced team, and superior quality miners, we believe our partnership will accelerate Meten’s development in the field of blockchain and cryptocurrency and further unlock the full potential of our new business initiatives, putting us on the best path to success”.
Co-Founder and Executive Director of Meten, Mr. Jason Zhao
METX stock has climbed more than $0.10 per share since this announcement was released. Based on this new info, will METX make your penny stock watchlist?
Which Penny Stocks Are You Watching in November?
With so much movement in the stock market, finding penny stocks to buy can be challenging. But, because of the sheer number of factors that are impacting prices, taking advantage of the momentum is completely doable.
In order to make that happen, investors need to have a thorough understanding of both the stock market, what’s affecting penny stocks, and their own trading strategy. All of this will give you the best chance of seeing profitability in your portfolio. With all of this in mind, which penny stocks are on your watchlist in November?
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