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Top Premarket Penny Stocks To Watch In The Stock Market Today

The countdown has begun to 2022, and today we look at a few hot penny stocks trending during premarket hours. Regardless of how you feel about these small companies, if 2021 has taught us anything, it’s not to write off “the little guy” in the stock market. We’ve seen the rise of the Ape movement, SPAC-tacular breakouts, and even Presidential influence over alternative social media. When it comes to penny stocks, there’s no shortage of new developments, speculative momentum, and significant catalysts fueling some of the most exciting and explosive moves in cheap stocks. But when it comes to premarket trading, there’s a bit of a different tone to pay attention to.

Penny Stocks TL;DR 30-Second Summary

Penny stocks tend to fluctuate on a day-to-day basisPremarket trends may or may not persist during normal trading hoursSome traders treat premarket stock trading as its own session then look at regular sessoin trends to make their next tradeSome premarket stocks carry momentum into regular trading hours, which has resulted in big intra-day breakouts at timesTraders need to assess premarket trends in order to determine if penny stocks are worth trading during the regular session

There are many times that traders treat the premarket as its own session. That’s because certain things at play aren’t typical during the regular session. One of the biggest is that not all traders have access to premarket trading. This can skew the data when it comes to correctly identifying trends. This is where you might see a big move during premarket trading fade as soon as the stock market officially opens.

Then again, you might also see premarket stocks continue to surge into the regular session. So for traders on the hunt for early movers, they’ll need to assess these trends to determine if certain penny stocks are worth trading during the regular session. Today we look at four companies with shares surging before the opening bell on December 30.

Top Premarket Penny Stocks To Watch Today

Future Fintech Group Inc. (NASDAQ: FTFT)Alset EHome International Inc. (NASDAQ: AEI)CooTek Inc. (NYSE: CTK)BeyondSpring Inc. (NASDAQ: BYSI)

Future Fintech Group Inc. (NASDAQ: FTFT)

Bitcoin and Ethereum, among other cryptocurrencies, have been in the spotlight this year. Ever since reaching new record levels, digital asset stocks have become a massive point of interest. Throw in the attention that metaverse stocks are receiving in addition to things like NFTs, DAOs, and other digital attractions, and it has created a unique market for investors.

Future Fintech specializes in blockchain-based eCommerce. Everything from online shopping malls to supply chain financing is under the company’s business model umbrella. While the action in the crypto industry has helped bring sympathy sentiment to FTFT stock recently, its latest headline has sparked a strong move during Thursday’s premarket session.

Why Is FTFT Stock Moving Today?

Future Fintech announced a new blockchain division. It will provide management for the existing blockchain business established to develop and manage Future’s bitcoin mining farm plans in the US and Paraguay. The division will also coordinate its Dubai0based digital currency trading service and crypto asset management business.

Read: Hot Penny Stocks For Your January 2022 Watchlist

If you’ve followed some of our coverage on FTFT stock, you may recall some early news in December. Future Fintech entered into a Join Venture plan with APC Service for building a crypto mining farm in Ohio. The $62 million investment is set to see the new JV establish 50 megawatts of processing power and deploy roughly 12,000 S19 Antminers to accommodate around 1.3 Exahash per second of hash power.

Following this news, FTFT stock surged to early highs of $1.73 during the premarket session.

Alset EHome International Inc. (NASDAQ: AEI)

Shares of Alset EHome have been depressed for months. AEI stock hit fresh 52-week lows of $0.5325 this month. Some speculation earlier this year related to Tesla saw some sporadic pops in the market but nothing that managed to sustain for longer than a few days. What was the actual tie-in with Tesla? Every purchase or rental of Alset EHome comes with an Electric Vehicle, “propelling the global movement towards a sustainable tomorrow,” according to the company.

Read: 3 Top Penny Stocks To Buy For Under $1 This Week

Alset EHome develops “smart homes” and sustainable communities. It has also begun trying its hand in digital technologies. Once again, thanks to the considerable interest in 2021 in digital assets, all the keywords are triggering speculation almost daily.

Why Is AEI Stock Moving Today?

This is where AEI stock comes into the picture today. The company announced that it has established…wait for it…Alset Metaverse Inc. They describe this as a “vehicle for the Group to incubate and invest in metaverse related projects.” The company will work with one of its subsidiaries, Hapi Cafe, to offer dedicated space within cafes for patrons to enter VR games, rooms, etc. But that’s not all. Alset Metaverse is also exploring “the possibility” of launching limited edition NFTs (non-fungible tokens) that have a built-in incentive for use within Alset’s ecosystem.

CooTek Inc. (NYSE: CTK)

Earlier this week, CooTek was on our list of penny stocks under $1 to watch. Much of the recent attention has focused on its gaming development efforts. Earlier this month, its Fengdu Novel app began collaborating with Tencent Video’s Mars Project. The project is designed to support micro drama TV adaptation. In addition, a new interest stemming from a company CooTek invested in, Smillage, has also sparked momentum in CTK stock.

Why Is CTK Stock Moving Today?

Smillage’s Hotties Up game is behind the recent bout of attention. Thursday, CooTek announced more details on the success of the game. In particular, the company said that the rapid deployment of the game and successful optimization has resulted in a scalable platform for its users. While this headline was more of an overview versus a progress report, it has sparked some early trading activity during the final Thursday of the year.

BeyondSpring Inc. (NASDAQ: BYSI)

Earlier this month, BeyonSpring was on our list of short squeeze penny stocks to watch. The biotech company’s cancer treatment portfolio came into question after receiving a complete response letter from the FDA. This was concerning its plinabulin treatment candidate combined with granulocyte colony-stimulating factor (G-CSF) to prevent chemotherapy-induced neutropenia. Ultimately, the news resulted in a former $12 stock becoming a penny stock once the dust settled. Since then, BYSI stock has treaded water in the market and traded between lows of $3.64 and highs of $5.15.

Why is BYSI Stock Moving Today?

In BeyondSpring’s case, earnings news has helped give things a boost during premarket hours on Thursday. After the closing bell Thursday, the company announced its third-quarter results. More importantly, it discussed updates on current and future developments.

“In the third quarter, we continued to move forward in developing plinabulin’s potential as a ‘pipeline in a drug’ for patients in need. We are developing a wealth of clinical data showing plinabulin’s dual benefit as an anti-cancer agent, shown with OS benefit in Dublin -3 study, with additional benefit in preventing CIN, which we believe will support the important role of plinabulin as a versatile cancer treatment option, and potentially, as a ‘cornerstone’ therapy in IO combinations,” said Dr. Lan Huang, co-founder, chairwoman, and chief executive officer of BeyondSpring. “Our discussions will continue with the U.S. FDA regarding the potential regulatory pathway for CIN in the U.S. market. At the same time, we are very focused on preparing for our NDA filing for plinabulin in NSCLC. Based on discussions with regulatory agencies in the U.S. and in China, we now anticipate submitting our NDA in the 2H 2022.”

BYSI stock could be on the radar heading into the new year with this.

Are Penny Stocks Worth It?

When it comes to penny stocks, volatility plays a significant role. News can help or hurt things at a moment’s notice. These four penny stocks kicked things off with a few new updates today. Will they be enough to see a bullish trend continue, or is a fade coming instead? Let us know your thoughts.

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The post Top Premarket Penny Stocks To Watch In The Stock Market Today appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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