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Best Penny Stocks to Buy Next Week? Check These 3 Out

3 Penny Stocks to Watch Next Week 

After a rather volatile week of trading penny stocks and blue chips, investors have high hopes for the end of November. Right now, there are several factors that penny stocks traders have to contend with. 

This includes high inflation rates in the U.S., which have resulted in substantial volatility in the past few months. But, as we slowly move toward what could be the end of the pandemic, traders are hopeful that the future of trading penny stocks could be overwhelmingly bullish. Now, no one can predict the future. 

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But, we do know that investors would like to see more bullish price action occur in the coming months. As a result, the time to find penny stocks to buy is now. With that in mind, here are three that could be worth adding to your watchlist this coming week. 

3 Penny Stocks For Your Watchlist This Coming Week 

ReTo Eco-Solutions Inc. (NASDAQ: RETO) Digital Ally Inc. (NASDAQ: DGLY) Asia Broadband (OTC: AABB

ReTo Eco-Solutions Inc. (NASDAQ: RETO)

ReTo Eco-Solutions Inc. is a penny stock that has seen a large amount of volatility in the past few days. After spiking by more than 10% on November 19th, shares dropped by over 40% the following day. If you’re not familiar, this company creates construction materials for the Chinese market. ReTo is involved in the manufacturing and distribution of its products. These construction materials are used to absorb water, control floods, and maintain water retention. In addition, the materials are used by gardens, roads, bridges, and more.

On October 27th, ReTo reported its financial results for the first half of 2021. During this period, its revenue fell 27% year over year. The company’s machinery and equipment sales went down 13% as well. In addition to these negative results, its construction materials sales went down 33%. This took place because of the COVID-19 pandemic, which caused ReTo’s sales to drastically slow down.

“We have increased our investment in ecological restoration, ecological governance technology, and market development, and have launched such projects in a few counties in Shanxi Province.

This will enable us to improve the company’s performance in the second half of the year. We have also increased our investment in the research and development of new equipment and technologies in solid waste utilization.”

The CEO and Chairman of ReTo, Mr. Hengfang Li

It will be interesting to see how RETO stock performs as the pandemic slows down all over the world. For now, will RETO be on your penny stock watchlist this month?

Digital Ally Inc. (NASDAQ: DGLY)

Digital Ally Inc. is a tech penny stock that has climbed by over 20% in the past five days. This is quite a substantial gain especially considering its YTD loss of around 45%. If you’re not familiar with Digital Ally, it is a corporation that manufactures and sells digital video imaging and storage products. These are frequently utilized in law enforcement, security, and commercial settings. It features digital audio/video recording, storage, as well as in-car recorders for law enforcement.

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On November 17th, the company announced its operating results for the third quarter of 2021. The company’s total revenues went up by 29% in the third quarter to $4,639,822 from $3,588,640 year over year. This took place because of a 421% increase in services and other revenues from its 2020 levels. Back in September, the company formed a wholly-owned subsidiary called TicketSmarter Inc. in which it acquired Goody Tickets LLC and TickerSmarter LLC. These are ticket resale markets that sell seats at over 125,000 live events. These numbers are very substantial and reflect the company’s commitment to growth during that period.

“We are very pleased to report a 29% increase in total revenues for the third quarter of 2021 as compared to 2020. Importantly, we were able to report improvements in revenue and net income margin regardless of the challenges to our legacy business caused by the COVID-19 pandemic during 2021 and 2020.”

The CEO of Digital Ally, Stanton E. Ross

With the sizable bullish sentiment surrounding DGLY stock right now, does it deserve a spot on your penny stocks watchlist?

Asia Broadband (OTC: AABB)

One sector that has shown tremendous growth and volatility in the past couple of years is cryptocurrency. Asia Broadband Inc. primarily operates in the field of precious metals. It works in both the production and supply of precious and base metals in Mexico, which is then distributed to various countries in Asia. Despite this, it has developed its business to include cryptocurrency in the past few months. For its resource business, it uses its specific geographic and market expertise to help provide a distribution network from production in Mexico to sales in Asia. This is a unique vertical integration approach that has led to much of its past success with shareholders. 

Currently, AABB is working on providing freshly minted mine-to-token gold-backed cryptocurrency alongside the development of its own digital exchange. It expects this token to become the standard for worldwide exchange because of its secured and trusted backing with gold. So far, this project looks to be quite feasible as it has recorded over $1.1 million in AABBG Gold Token sales in the past 4 week period ending on November 15th. Most of its market is in North America and Europe with plans to expand globally in other predominantly and high-growth markets. 

Its unique Mine-to-Token vertical integration operation is planned to be independent of FIAT currency. Today’s market price of the one-tenth gram of gold backing of its AABBG token price is around $5.96. Considering the recent push towards online digital currency exchange, what do you think of AABB’s gold backing concept? Is this a potential company to add to your penny stocks watchlist?

Can These Penny Stocks Continue to Make Gains?

As we move forward into the next few weeks, investors are hopeful that market sentiment can remain bullish. And, with so many penny stocks to choose from, the potential to make money with small caps right now is more than palpable.

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As always, having a proper trading strategy in line with well-thought-out portfolio goals, will both be major assets to your investing. Considering all of this, do you think that penny stocks can remain bullish moving into the future?

The post Best Penny Stocks to Buy Next Week? Check These 3 Out appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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