Hot Penny Stocks to Buy Now? 6 reopening actions to watch in July 2021 | national
Is the reopening of Penny Stocks worth it for your July watchlist?
Reopening penny stocks has remained one of the most popular choices for all types of investors in 2021. Before we go any further, it is worth understanding what they are so you know how to use them. your advantage.
At the onset of the pandemic, the value of most stocks, including penny stocks, declined rapidly. It made sense because economies were reacting to the extraordinary situation the world found itself in. However, very quickly, the companies that were able to benefit from it began to do so. This results in many penny stocks and blue chips, which are increasing in value. For example, this includes biotech penny stocks, retail penny stocks, and many more.
But now, a year and a half after the start of the pandemic, many thought we were out of the woods. However, with the Delta variant on the rise, we could enter another wave of Covid-19. While it may seem daunting, there are many ways to capitalize on the pandemic and find out whether or not it continues to wreak havoc. This includes the reopening of penny stocks.
The term itself is a fairly loose definition and allows for many different stocks to be taken into account. But investors need to understand exactly how a company on their penny stock list will benefit from the pandemic. It is not easy and involves a lot of research and commitment. So with all of that in mind, here are six reopening penny stocks to watch out for right now.
6 Penny Stocks reopening to watch in summer 2021
Ashford Hospitality Trust Inc. (NYSE: AHT)
Ashford Hospitality Trust Inc. is a penny stock that had an interesting year in 2021. The company operates as a real estate investment trust that invests in high-end, full-service hotels.
By early 2021, the company was averaging $ 2.40 per share. During a period from May to June, the company’s stock price skyrocketed to almost $ 7 per share on average. Then its share price fell back to around $ 2.20. On July 6, Ashford announced its preliminary RevPAR results for the second quarter of the year. His RevPAR increase was 256% higher since June 2020.
“I am pleased to report these improved RevPAR preliminary results for the second quarter, which are driven by pent-up leisure demand. We continue to be pleased with the recovery trends we are seeing in our hotels, and with our geographically diverse portfolio with strong exposure to passing leisure customers, we believe we are well positioned to capitalize on this recovery. “
President and CEO of AHT, Rob Hays
The real estate market is booming right now and property values continue to soar. With that in mind, AHT stock could be an interesting business to watch.
Globalstar Inc. (NYSE: GSAT)
Globalstar Inc. is a penny stock that provides mobile satellite services and off-grid communications offerings. This includes mobile voice and data satellite services. These products are used for emergency, security, leisure, business, etc.
Its SPOT retail products, such as the SPOT Trace Lock and Item Tracking, have become very popular with consumers, showcasing Globalstar’s overall product line. And its website had 745,000 subscribers as of December 31, 2020, which is quite a large number. On July 1, the company announced a new partnership with FocusPoint International Inc. This partnership will provide additional benefits to Globalstar and SPOT customers.
“We are delighted to extend this valuable service to Globalstar customers. Many of our users are involved in extreme sports and engage in an above average travel frequency, making this offering a service that can help further improve our customers’ peace of mind. FocusPoint provides a comprehensive risk advisory service that perfectly complements the connectivity we provide to our clients.
Globalstar CEO David Kagan
This announcement was made on the first day of this month, and since then GSAT stock has risen in value. The month-long growth of GSAT stock is impressive for investors to consider. In mid-June, the company was averaging $ 1.30 per share, and now GSAT is at $ 1.79 per share in mid-July. With that in mind, will GSAT stock be on your list of penny stocks to watch this week?
Aerpio Pharmaceuticals Inc. (NASDAQ: ARPO)
Aerpio Pharmaceuticals Inc. is a biotech penny stock currently experiencing strong bullish momentum. The company develops and markets compounds that activate Tie2 receptors to treat eye disease and vascular stabilization. One of Aerpio’s main products is razuprotafib, which is currently in phase 2b trials to treat diabetic nonproliferative retinopathy.
On June 4th, the last update of this biotech penny stock was released. Aadi Bioscience Inc. announced at the ASCO 2021 virtual meeting that Aerpio has entered into an agreement and plan to merge with itself, Aadi and Aspen Merger Subsidiary Inc.
Despite no other recent company specific updates, ARPO stock is skyrocketing in the market. 5 days ago, ARPO stock was worth an average of $ 1.71 per share. The ARPO share price is now $ 2.56 per share on July 12. With that in mind, is the ARPO share worth watching?
Ambev SA (NYSE: ABEV)
Ambev SA is a penny stock that also sells beer, soft drinks, and a long list of other drinks. Some of its beer brands include Budweiser, Bud Light, Stella Artois, and Corona. Its other drinks include Pepsi, Seven Up, Lipton, and many more. These products are offered through third party distribution and direct distribution in the Americas.
On June 9, Ambev withdrew from Copa America as a sponsor due to player concerns over COVID-19 issues. Other than this recent update, the company has not released any news. Despite this, the price of its action increases significantly. ABEV’s stock has grown by more than 14% in 2021 so far.
At some point earlier this year, the company’s stock price rose 30%, in 2021, before dropping slightly. Today, the company has grown to reach an average volume of over 24 million. ABEV stock also rose 1.49% on July 12, which is noteworthy. It’s up to you to decide if that makes ABEV stock a part of your watchlist this week.
Advaxis Inc. (NASDAQ: ADXS)
Advaxis Inc. is a biotechnology penny stock that operates in the United States. The company discovers, develops and markets medical technology products. Its main product uses Listeria monoxytogens technological antigens for drug delivery. In addition to its compound, the ADXS-PSA trial is in phase 2 for the treatment of metastatic prostate cancer. Advaxis is also developing a variety of other products for the treatment of cancer.
On July 6, Advaxis and Biosight Therapeutics announced that they had entered into a definitive merger agreement. The combined company will operate under the name Biosight Therapeutics. This will help advance its program pipeline. The combined company will also be well funded with approximately $ 50 million in cash.
“We believe that the company’s strong and diverse oncology pipeline combined with advanced and early-stage assets, short-term milestones, a seasoned management team and a focus on hematologic malignancies and solid tumors have the potential to provide transformative benefits to patients while also providing value for our shareholders.
The President, CEO and CFO of Advaxis
ADXS stock saw a huge spike on the day of this announcement, but it corrected quickly, as most big jumps do. Today, July 12, the company’s share price is up 0.31% in the market. With the above information in mind, will ADXS be on your list of penny stocks to watch?
Sonim Technologies Inc. (NASDAQ: SONM)
This next penny stock to watch, Sonim Technologies Inc., is currently very popular among retail investors. Sonim provides rugged mobile phones for public and private networks. Its products include the Sonim XP5s, Sonim XP3 and Sonim XP8. These products are sold to companies involved in construction, manufacturing, energy, etc.
On June 30, the company announced the launch of its RT80 rugged tablet. The tablet is designed for workers in industry, field service and public safety. Sonim Marketing Director John Graff said: “The RT80’s purpose-built, durable design may offer a better total cost of ownership than consumer tablets where customers experience increased downtime due to the inability to withstand the rigors of many work environments. “
SONM stock has not had the best year, with several ups and downs in price so far. But, could things change for the tech penny stock? On July 12, SONM stock jumped around 5% in the market. On the same day, its volume is more than 3.6 times the market average. With this recent momentum in mind, will you be adding SONM to your penny stock watch list?
Is the reopening of Penny Stocks worth it or not?
Finding the best reopening penny stocks is all about understanding how badly a business will be affected by the pandemic. It involves researching what it does, how it can benefit from an increased caseload, and what its fundamentals look like.
While it may seem difficult at first, with enough information on hand, it can be easy to find valuable penny stocks to watch out for. So, all things considered, what do you think? Is reopening penny stocks worth it or not?