Stockideas

GameStop
(NYSE:GME)
GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-gam...
Founded: 1984
Full Time Employees: 2,021
CEO: Matt Furlong  
Sector: Consumer Cyclical
Industry: Specialty Retail
Next Earnings Date: 2022-12-07
Stock price: $27.5 (+4.93%)
5 Penny Stocks To Buy Right Now According To Reddit Social Sentiment
By: pennystocks Penny Stocks [pennystocks.com]    
   on Feb 04, 2022

Are penny stocks something that excites you? Are you trying to find ways to make money in the stock market today? If you said yes to either or both, continue reading.

One of the most important topics of discussion since the 2020 pandemic has been social sentiment. Millions of new retail traders are trying their hand at trading and investing. This has led to very different conditions in the stock market compared to what was there previously. Even for blue-chip stocks, price movements seem to be much faster or larger.

Meanwhile, the attention that penny stocks have received has been amplified. Thanks to the rise in popularity (and share price) of companies like AMC Entertainment (NYSE: $AMC) and GameStop (NYSE: $GME), “mom and pop” investors seem to have realized that “this trading thing” isn’t as hard as they thought.

Thanks to this, social media platforms like Reddit, Twitter, StockTwits, Facebook, and even TikTok are becoming the “investor round table” for the new generation of retail traders. As such, many are looking for “the social buzz” to stay ahead of any potential volatility spike. Today, we look at a few hot penny stocks on Reddit, Twitter, and other social platforms that have gained interest and momentum in the stock market today.

Reddit Penny Stocks To Watch Right Now

  • MindMed Inc. (NASDAQ: $MNMD)
  • Biofrontera Inc. (NASDAQ: $BFRI)
  • Hive Blockchain Technologies (NASDAQ: $HIVE)
  • Bit Digital Inc. (NASDAQ: $BTBT)
  • Indonesia Energy Corporation (NYSE: $INDO)

Penny Stocks To Buy Under $5: MindMed Inc. (NASDAQ:MNMD)

best penny stocks to watch mindmed MNMD stock

Biotech stocks have been volatile lately. None have been more volatile than companies developing new treatment platforms. In this case, MindMed is advancing its pipeline of treatments utilizing psychedelics to treat brain-based disorders.

Despite the pullback earlier this year, MNMD stock has been on the move over the last several weeks. This was thanks, in part, to FDA-related headlines toward the end of January. The FDA cleared MindMed for an Investigational New Drug application related to its MM-120 platform. This is its drug candidate for treating generalized anxiety disorder and can now proceed into a Phase 2b dose-optimization trial.

What’s important about this trial that investors are following? According to MindMed, the company is working with study investigators and clinical trial sites in preparation for enrollment. This is expected to begin in “early” 2022. Considering that we’re in mid-Q1, timing has become a factor.

MindMed CEO Robert Barrow explained that “the results of this trial will guide the dose selection and development strategy for our pivotal Phase 3 clinical trials, as well as deepen our scientific understanding of the clinical effects of MM-120 and its underlying mechanisms of action.”

This news also came shortly after the company completed enrollment of the first patients in a study of its Session Monitoring System used for treating psychiatric disorders. What’s more, MindMed explained that the FDA’s Center for Devices, Radiological Health, and enter for Drug Evaluation and Research gave positive feedback to support a planned development strategy for the platform. Specifically, the system, SMS-01, evaluates the passive collection of sensory data during consciousness-altering therapeutic sessions.

  • Trading Penny Stocks? Top Stock Market News for February 4th, 2022

2. Biofrontera Inc. (NASDAQ:BFRI)

best penny stocks to buy Biofrontera BFRI stock

Sticking with the biotechnology topic, Biofrontera has yet to leave the limelight of social media discussion. This is based on the considerable spike BFRI stock made last quarter. Shares surged from under $3 to over $14 within a matter of weeks, thanks to significant developments that were announced.

Specifically, Biofrontera reported that it would report earnings soon. It also was timed with a bullish rating from Roth Capital analysts, who gave a $20 price target. This came just a few weeks after Biofrontera announced the launch of its clinical study program aimed at optimizing and expanding its market position for its Ameluz treatment. It’s Biofrontera’s in-licensed FDA-approved prescription for photodynamic therapy in the US.

Fast-forward to this month, and BFRI stock is back on the move, thanks to new headlines. The company provided an update on its patient recruitment efforts for a Phase 3 study of Ameluz in treating superficial basal cell carcinoma, in combination with its BF-RhodoLED lamp.

“Following successful FDA approval, Ameluz® would be the only drug in the United States approved for the treatment of superficial BCC with PDT, which we expect to further increase the growth potential of our flagship product Ameluz® in the medium term,” said CEO Erica Monaco.

Patient enrollment in this trial has been ongoing since 2018 and is expected to come to completion by the end of this year. The study will include 12 sites and over 180 patients. It also helps that Biofrontera was also recently granted a US Patent: “Illumination device for photodynamic therapy, method for treating skin disease and method for operating an illumination device,” to etch its corner of the market further.

3. Hive Blockchain Technologies (NASDAQ:HIVE)

bitcoin etf sec

Cryptocurrencies have been on a wild, rollercoaster ride over the last few weeks. The price of Bitcoin has flip-flopped between $35,000 and $40,000 as the market has jostled on the whole. The latest move in the leading cryptocurrency has taken it back to the $40,000 mark for the first time since January 20. With that, upbeat sentiment has come back into the market and taken certain cryptocurrency stocks along for the ride.

Hive Blockchain specializes in cryptocurrency mining. You can imagine the volatility that has been in the market recently. In line with Bitcoin’s latest move, HIVE shares have popped again. The growing concern over cryptocurrency mining’s environmental impact has sparked controversy among investors regarding related stocks. In Hive’s case, it has taken a direct approach to address these focusing on green energy and ESG (Environmental, Social, Governance) initiatives.

Late last year, Hive announced a strategic investment into Titan.IO, which established Lumerin, a decentralized mining marketplace. Other notable investors in Titan include Coinbase (NASDAQ: $COIN). The company offers software to help Bitcoin miners boost efficiency and scalability at lower costs. In addition, Lumerin allows peer-to-peer trading opportunities for hashpower, which is vital to crypto mining.

Hive has continued taking an investment approach to scaling its platform. Prior investments include a seed round in Titan and positions in DeFi Technologies and Network Media Group. The thing to remember when looking at any stocks tied tightly to a sector like cryptocurrency is that volatility in the underlying assets (I.E., Bitcoin) can dramatically impact the crypto market overall.

4. Bit Digital Inc. (NASDAQ:BTBT)

penny stocks to buy Bit Digital BTBT stock

Like HIVE stock, Bit Digital has also taken off thanks to a surge of bullishness in cryptocurrency prices. The digital mining company has also taken a proactive stance on the environmental impact of cryptocurrency mining activities. In particular, Bit Digital is actively engaging with lawmakers and industry figureheads.

Most recently, Bit Digital reiterated its environmental track record and plans on submitting a formal testimony to the New York State Senate Standing Committees on Environmental Conservation, Energy and Telecommunications, and Internet and Technology.

“Our company has made it a point to take a leadership position regarding sustainable practices in the crypto mining industry,” said Bryan Bullett, Chief Executive Officer, Bit Digital in a January update.

“It is at the core of what we do and who we are, because Bit Digital understands that to be successful, our operations must drive innovation and economic opportunity for all members of society—while doing so in a sustainable and eco-friendly manner.”

With crypto prices on the move, BTBT stock has become one of the top names to watch among social media circles right now.

  • 4 Penny Stocks To Buy For Under $5 Outperforming FB Stock In 2022

5. Indonesia Energy Corporation (NYSE:INDO)

best penny stocks to buy Indonesia Energy INDO stock

Other than crypto and biotech, energy stocks have been on fire recently. Indonesia Energy, in particular, has become one of the more volatile names in the stock market today. The oil and gas exploration company has focused its efforts in, you guessed it, Indonesia. Following a recent financing round of $7 million, INDO stock has experienced several sessions of volatility spikes and price action that took it as high as $9.21.

Based on its financing update, the use of proceeds have come into focus. The company plans on deploying funds to enhance its oil well drilling program, among other things. This comes after having reported a substantial production rate increase late last year.

Indonesia reported a 50% jump in rate following a recently compiled “Kruh 26” well at its Kruh Block project. Average production was recorded at roughly 245 barrels of oil per day. With the Kruh 26 well, the company expects to increase this figure.

With plans for drilling two back-to-back producing wells at the Kruh Block, production targets have been set at approximately 450 barrels of oil per day after the two wells are complete. As far as the timeline for this goes, Indonesia Energy said that Q3 of this year is likely when drilling will begin.

Top Penny Stocks To Buy Now

Arming yourself with a proper strategy and watch list outline can quickly help you identify potential penny stocks to buy. With so much noise on social media, it’s also essential to understand how to conduct proper research beyond seeing what people tweet about. Social sentiment can give a great heartbeat on what retail focuses on, but there’s no substitute for your own due diligence. So whether or not these are the “top penny stocks to buy” right now will heavily depend on your personal trading style and investment approach.

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!

SOURCE


Reply
$amc and $gme
By: terroryl lazy guy    
   on Jan 06, 2022

Will $amc and $gme have a bull run and short squeeze? Where will they lead the apes. Share your thoughts


Reply
5 Short Squeeze Penny Stocks To Buy For Under $5 Right Now
By: pennystocks Penny Stocks [pennystocks.com]    
   on Sep 29, 2021

Trading penny stocks is something people do every day. But over the last 18 months, a lot has changed. There’s a lot more chatter among retail traders, and that’s to be expected. Millions of new market participants have entered the ring looking to make money with penny stocks and blue chips.

The rise of meme stocks opened the flood gates for new trends to take hold in the stock market today. Things are becoming more thematic, whether it’s the latest sector trend like energy and electric vehicles or simply looking for penny stocks under $1. One of the more popular and recently discussed themes relates to stocks with higher levels of short interest. These “short squeeze stocks” are sought after by mainly retail traders. They’re looking to capitalize on volatility that can ensue from a short squeeze.

What’s A Short Squeeze?

I’ll briefly touch on the metrics of a short squeeze. Then we’ll dive into a list of potential short squeeze penny stocks that can be bought for under $5. So, what is a short squeeze? To understand this, you’ll need to know what shorting is in the first place. Without getting into an entire lesson on short squeezes, let’s look at some basics. Shorting is when a trader expects a stock to decline. To benefit from this, the trader borrows shares from a broker, sells them, then hopes to repurchase them at a lower price later on to return the shares to the lender. The difference between the higher selling price and the lower buyback price is the profit.

Read more: 5 Penny Stocks To Watch Under $1 After CEI Stock’s 900% Rally

When a short squeeze gets triggered, the stock ends up going higher instead of lower. Short sellers still need to cover their short but are forced to buy back shares at higher prices and take a loss. As short cover volume combines with retail buying, the shorts get “squeezed” or forced to cover. This is something we’ve seen happen with companies like Camber Energy (NYSE: $CEI), AMC Entertainment (NYSE: $AMC), GameStop (NYSE: $GME), and countless others this year.

Short Squeeze Penny Stocks To Buy Under $5

Short squeeze penny stocks typically have a few common traits. First, they’ve got higher short interest. This is based on the percentage of the float short at a given time. Many will also have a lower float. However, this isn’t always the case. However, the lower the float, the more volatile things can become. No matter how “cheap” a stock might be, it’s essential to take multiple factors into account. Will these be the best penny stocks to buy right now?

  • Farmmi Inc. (NASDAQ: $FAMI)
  • Enveric Biosciences (NASDAQ: $ENVB)
  • Progenity Inc. (NASDAQ: $PROG)
  • Alset EHome International (NASDAQ: $AEI)
  • US Well Services (NASDAQ: $USWS)

1. Farmmi Inc. (NASDAQ:FAMI)

One of the hot penny stocks under $1 to watch this week is Farmmi Inc. It has its primary business model focused on mushrooms. I’m not talking about the popular trend in psychedelics, though. Farmmi specializes in things like fungus and Shiitake mushrooms and sells to a global consumer base. It has also begun expanding its offerings through a series of new acquisitions and establishing additional subsidiaries.

I won’t give a history lesson on the company. But what I will say is that September has been or of the more active months for corporate updates. Part of that string of news were headlines related to a discounted financing round that brought in $81 million and triggered a sell-off in the stock. Since things have settled down, retail traders are refocusing on Farmmi’s expansion plans.

In an update this week, CEO Yefang Zhang explained Farmmi’s recent acquisitions and expansionary plans. These include its newly acquired Jiangxi Xiangbo Agriculture and Forestry Development company. New products like bamboo, Chinese fir trees, and Camellia oil came with this purchase. Farmmi also established several subsidiaries focused on health and wellness.

However, the focus seems to be more on the FAMI stock price and short position. It’s currently trading below $0.30, and short float percentages are hovering around 38%. Given a focus on penny stocks under $1 and potential short squeeze stocks, FAMI could be one to watch.

short squeeze penny stocks to buy under $5 Farmmi Inc. FAMI stock chart

2. Enveric Biosciences (NASDAQ:ENVB)

Similar to Farmmi, Enveric is also focused on mushrooms. But in this case, we’re talking about the “magic” kind of fungus. Specifically, Enviric is taking a step into neuroscience through the acquisition of MagicMed Industries. This deal will see the companies focus on creating a library of derivative psychedelic molecules such as psilocybin, N, N-dimethyltryptamine (DMT), and other molecular derivatives.

In a press release earlier this month, Dr. Joseph Tucker, incoming CEO of Enveric, explained, “Our platform has the potential to disrupt and unlock much-needed mental health treatments through psychedelic therapies…We have brought together pharma and biotech experts with years of experience in bringing innovative treatments to market as well as a discovery team with a world-class biotech laboratory.”

Read more: These Penny Stocks Are Popular With Retail Traders Right Now

This progress has also earned the company some bullish attention from analysts. Aegis and Maxim have both gotten behind Enviric with Buy ratings this summer. Maxim’s current price target is $6, while Aegis has a $7 target. As far as potential short squeezes go, ENVB stock is on the lower end of “high short interest stocks.” In this case, most data shows a short float percentage of around 14%.

short squeeze penny stocks to buy under $5 Enveric Biosciences ENVB stock chart

3. Progenity Inc. (NASDAQ:PROG)

On the more traditional side of biotechnology, Progenity has also come onto this list of short squeeze stocks. Most outlets show PROG stock short float percentage over 40% right now, which is high by any account. It also has a relatively lower float in comparison to some of the other names on this list. So keep this in mind as well.

Unlike Enveric, Progenity is developing products for molecular testing. The company has worked on advancing things like its PreecludiaTM test to rule out preeclampsia in pregnant patients. A recent study demonstrated that Preecludia could “significantly distinguish” between the presence and absence of preeclampsia. Furthermore, this month Progenity was granted a patent for its preeclampsia rule-out test.

According to the company, this test is expected to target an addressable market of up to $3 billion annually. With a patent granted, this could help open opportunities for partnerships and additional commercialization opportunities. This is what Matthew Cooper, Ph.D., chief scientific officer of Progenity, explained earlier this month.

With a higher short float percentage and considering it’s one of the penny stocks under $1 right now, it could be one to watch.

short squeeze penny stocks to buy under $5 Progenity Inc. PROG stock chart

4. Alset EHome International (NASDAQ:AEI)

Another one of the penny stocks we’ve discussed is Alset EHome International. The company focuses on sustainable healthy living and develops EHome communities. Other facets of the business focus on myriad industries all centered around technology. In more recent news the company was wearing its investing hat, so to speak. Alset took a larger stake in another penny stock company, Document Security Systems. Alset owned roughly 11.7% of the common stock of DSS.

“This exercise demonstrates the confidence AEI has in DSS and exemplifies the value we place in DSS as a company that we are able to work together with for a brighter future,” commented the Company’s Chairman and Chief Executive Officer, Heng Fai Chan. “We are excited by what lies ahead for the two companies and what we are able to achieve together on an accelerated basis through a shared vision.”

Even though this was the most recent, it hasn’t been the sole focus of traders. One of the updates that have stuck with the retail public is Alset’s deal with Tesla (NASDAQ: $TSLA) earlier this summer. The company entered into a strategic agreement with Tesla for an initial supply of Tesla PV solar panels, Powerwalls and electric-vehicle chargers to be installed at single-family homes. Alset further expressed interest in acquiring more units for its Houston area pads for delivery this year with plans to develop more than 5,000 intelligently designed Ehomes in the next three to five years.

Similar to PROG, AEI stock shows a percentage float short figure on the higher end of the spectrum. Most data sources have this sitting north of 30% right now.

short squeeze penny stocks to buy under $5 BEST Inc. BEST stock chart

5. US Well Services (NASDAQ:USWS)

Energy stocks have been red hot this month. More recently, this week has seen countless oil and gas, carbon capture, and even alternative energy stocks climb. This includes producers, supply chain management, distribution, and everything in between. US Well Services is part of the “picks and shovels” portion of the energy industry. The company provides hydraulic facing services for electric fracing stimulation.

This year US Well Services has focused on transitioning to a fully electric frac services company. In its second-quarter update, CEO Joel Boussard explained that “during the quarter we finalized the design of our new 6,000 HHP Nyx Clean Fleet(R) pump, resolved outstanding litigation, began implementing a plan to reduce term loan borrowings, and raised funds to grow our electric fleet.”

The fact that we were able to accomplish so much while maintaining the highest levels of service quality and posting strong financial results is a testament to the resolve, efficiency and capability of the U.S. Well Services team.

With energy industry activity improving, related stocks have begun benefiting. As far as USWS being considered in the “short squeeze stock” category, most data shows a short float percentage of around 20%.

short squeeze penny stocks to buy under $5 US Well Services USWS stock chart

Will Penny Stocks Experience A Short Squeeze?

Short squeeze stocks have become a fan favorite among retail traders. But they aren’t for everyone. If you don’t understand how to trade when extreme volatility is in play, it’s best to get a bit more experience first. Understand how to set up your trading plan, identify profit targets, and determine what works best for you when prices are all over the board. Regardless, when short squeezes happen, they can bring the potential for some of the most extensive breakouts in the stock market today.

See Original On Penny Stocks


Reply
4 Robinhood Penny Stocks To Watch As ANY Stock Ignites Small Caps
By: pennystocks Penny Stocks [pennystocks.com]    
   on Sep 02, 2021

Are These Robinhood Penny Stocks On Your List Right Now?

One of the important things to realize about penny stocks today is that certain traders can/can’t access certain companies. Thanks to the rise in popularity of platforms like Reddit, social media has helped connect traders from across the globe. What’s more, it has made trading easier than ever thanks to mobile-first platforms like Robinhood and Webull. But with this growth in popularity has come some interesting findings. One of these has to do with the types of stocks that the masses are trading right now. Let me explain.

Read more: 10 Top Penny Stocks To Watch After ANY Stock’s 559% Short Squeeze

In the past, when someone would’ve mentioned the phrase “penny stocks” or “small-cap stocks,” the OTC exchange was likely the first thing that came to mind. The OTC or “Over-The-Counter” exchange has been home to myriad penny stocks of all phases of development. One of the issues for some traders – and funds for that matter – is the reporting requirements are lax compared to the Nasdaq and NYSE. For this reason, many traders (and funds) avoided trading penny stocks entirely, opting instead for slightly higher stocks with companies that report no transparent details.

But with the rise of the retail trader, cheaper stocks have become even more popular. Rest assured, OTC penny stocks aren’t the only ones available. In fact, Robinhood and Webull offer access to stocks under $5 that are on the NYSE and Nasdaq, and it’s this group of stocks that’ve grown in popularity. Whether we’re talking about AMC Entertainment (NYSE: $AMC), GameStop (NYSE: $GME), Support.com (NASDAQ: $SPRT), Vinco Ventures (NASDAQ: $BBIG), or today’s Sphere 3D (NASDAQ: $ANY) breakout, the trend is clear. Traders are “ok” taking risks to buy penny stocks in exchange for big gain potential.

Robinhood Penny Stocks To Buy [or avoid]

Keep in mind that just because stocks are trading below $4 right now, it doesn’t mean they are worth the risk. Needless to say, here’s a quick list of penny stocks under $4 right now. Are they a buy or avoid right now?

  • Huize Holding Ltd (NASDAQ: $HUIZ)
  • Aptose Biosciences Inc. (NASDAQ: $APTO)
  • Transocean Limited (NYSE: $RIG)
  • Evogene Ltd (NASDAQ: $EVGN)

1. Huize Holding Ltd (NASDAQ:HUIZ)

Digital services companies are gaining plenty of attention right now, thanks to the lasting effects of the pandemic. The “stay-at-home economy” and virtual ecosystem have opened opportunities for companies to capitalize on these trends. Huize specializes in offering digital insurance products and services to its clients in China.

This week the company partnered with Hengqin Life Insurance Company to launch what it’s calling “Hui Xin An No.5,” which is an illness insurance product for children. This platform provides coverage for 20 childhood diseases and 10 rare diseases offering options for multiple claims protection for certain illnesses. The news comes just a few days after Huize announced that it would acquire a controlling stake in Hubei Shengs Life & General, a regional insurance agency in China.

“Huize intends to utilize its digital capabilities to empower Shengs Life & General, accelerating the establishment of our open insurance product and service platform covering sales management, product offerings, and back-end support, with the aim to significantly enhance the efficiency of traditional insurance operations. We look forward to the business expansion and realizing revenue growth synergies from this mutually beneficial integration.”

Cunjun Ma, Chairman and Chief Executive Officer of Huize With an overall uptick in insurance stocks recently, HUIZ seems to have mimicked a similar trend so far. You’ll also notice that daily trading volume is also picking up in HUIZ stock as shares attempt to recover from 52-week lows reached late last month.

2. Aptose Biosciences Inc. (NASDAQ:APTO)

Biotech stocks are another niche in the stock market today gaining ground. While the last few months have been tough for Aptose, the last few weeks are a bit different. Since reaching 52-week lows of $2.32, APTO stock has been in rebound mode. This week, the penny stock broke and held levels above its 50-day moving average for the first time since June.

One of the recent catalysts traders have circulated is a U.S. patent. Titled “Compositions and methods for treating cancers,” this event has sparked plenty of speculation in the market. It also comes as Aptose is ramping up efforts to jump back on the investor conference trail. This month, the company is set to present at two consecutive conferences. These include HC Wainwright’s Global Investment Conference on the 13th, followed by the Cantor Global Healthcare Conference on the 28th.

Read more: Best Penny Stocks to Buy Under $4 on Robinhood? 3 to Watch

The company has zeroed in its efforts on advancing its pipeline of cancer treatments this year. Its luxeptinib is in a Phase 1 a/b study in acute myeloid leukemia and b cell malignancies. Aptose’s APTO-253 treatment candidate for acute myeloid leukemia and myelodysplastic syndromes is also in a Phase 1 a/b study with current patients at the 6th dose cohort.

With the recent momentum, patent win, and upcoming presentations, APTO stock could be one to watch in September if it continues this trend.

3. Transocean Limited. (NYSE:RIG)

One of the hottest areas of the “reopening” discussion is energy. Whether it’s green energy or traditional oil & gas, or one of the “bridge fuels,” nothing’s off the table right now. In this light, energy companies ranging from raw material providers, logistics companies, refiners, and even end-retailers are part of the conversation.

Transocean specializes in offshore contract drilling services for oil and gas wells. Transocean owns, in full or in part, a fleet of 37 offshore drilling units. As oil prices have exploded recently, so has momentum behind energy stocks like RIG. What’s more, Transocean got a nice media mention on September 2nd that helped build awareness of the company and its stock.

The company also recently secured a $252 million contract for a newbuild ultra-deepwater drillship, the Deepwater Atlas. This included a mobilization fee of $30 million as well. President and CEO Jeremy Thigpen commented that the company is “extremely pleased to have secured the maiden contract for the Deepwater Atlas; the first of our two 8th generation ultra-deepwater drillships that will enter the market in 2022, both of which will be outfitted for 20,000 psi ultra-deepwater well operations. We are very encouraged by the growing list, across multiple customers, of 20,000 psi opportunities in the U.S. Gulf of Mexico. And, with the only two assets in the world specifically designed to maximize efficiencies for 20,000 psi well completions, we are the undisputed market leader in this space, and thus excited about the future prospects for these state-of-the-art assets.”

4. Evogene Ltd (NASDAQ:EVGN)

Back on the list of penny stocks to watch in September is Evogene. I say this because EVGN stock has been relatively quiet for the better part of the last 2 quarters. However, with the recent focus of retail traders placed on biotech and cannabis, EVGN shares have perked up a bit. Evogene is made up of several operating companies; all centered around life sciences.

Not only has the company reported strong progress with its Biomica business in preclinical trials, but its Canonic cannabis company is also preparing for the launch of medical cannabis products in Israel. Evogene also operates through other companies focused on agricultural technology. These include AgPlenus and Lavie Bio.

In looking at Evogene’s most recent corporate update, you’ll see that the second half of the year could be important for the company. Biomica, for instance, expects to start a first-in-human proof-of-concept trial in its immuno-oncology program along with results for its preclinical trial in Inflammatory bowel disease. Both Lavie and AgPlenus aim to expand their respective pipelines, with commercialization as the hallmark.

Considering the recent trend in the stock market today and fervor for small-cap stocks, in general, EVGN has sparked some interest this week.

Should You Buy Small Cap Stocks?

Call them small-cap stocks, penny stocks, cheap stocks; whatever your definition, these low-priced names are red hot today. The important thing to remember is that just as quickly as they rally, they can fall apart. Not only that, but smaller companies are well-known for taking full advantage of big spikes in price by raising capital to take advantage of the market activity. In many cases, these raises can be at steep discounts, which ultimately act as catalysts for a sell-off in the market.

Will that happen to any of these? Nothing has come out related to that topic so far. But it has been something frequently seen by many small-cap stocks this year. At the end of the day, it’s up to you to lay out the proper strategy to capitalize on the market moves and ultimately make money with penny stocks.

See Original


Reply
4 Penny Stocks On Robinhood To Watch This Week
By: pennystocks Penny Stocks [pennystocks.com]    
   on Aug 09, 2021

Are These Robinhood Penny Stocks On Your Watch List This Week?

Thanks to former penny stocks like AMC Entertainment (NYSE: $AMC) and GameStop (NYSE: $GME), traders are becoming more familiar with the potential of cheap stocks. Not only that, but the short squeeze and “gamma squeeze” set-ups are a constant trend being followed this year. They often come with the addition of other market catalysts like news or speculation.

What Is A Short Squeeze?

A short squeeze is a unique phenomenon where a rapid rise in stock price ensues amid specific conditions. First, you should understand the mechanism of shorting stocks.

This is where a trader believes a stock’s price will drop, and to take advantage of this, the trader will “short” it. This involves borrowing shares from a broker, selling them in the market, then repurchasing them at a lower price to pay back the borrowed shares. The trader’s profit is the spread between where the shares were sold (at the higher price) and bought back (at the lower price).

Short Squeeze In Action

This is a perfect case scenario for someone looking to make money shorting stocks. But, keep in mind, no matter the price of the stock, the shares eventually need to be returned (not the cash value). When a short squeeze happens, it usually involves a stock, once in a downtrend, seeing a sharp reversal in price.

[Read More] Are Penny Stocks Worth It? 5 That Deserve Your Attention Now

In this case, short-sellers may opt to buy back as soon as possible, even at higher prices, thus taking a loss to pay back those borrowed shares. Buying ultimately begets buying, and you end up with a situation where bullish buyers and short-sellers scrambling to pay back their debts are pushing prices higher. Prime examples of this in 2021 were countless meme stocks lead by AMC and GME.

Robinhood Penny Stocks

Popular platforms like Robinhood played a big role in retail traders capitalizing on short squeeze stocks. The app even halted or restricted trading in certain penny stocks because of the pandemonium that ensued during the big breakouts of AMC, GME, and countless others.

In this article, we’ll look at a few current and former penny stocks on Robinhood with important things to watch this week. Some of these “things” will be short data, which usually gets updated in the middle of the month and others will be corporate events like earnings and business updates.

Penny Stocks On Robinhood To Watch This Week

  • GT Biopharma Inc. (NASDAQ: GTBP)
  • Blue Apron (NYSE:$APRN)
  • MannKind Corporation (NASDAQ: $MNKD)
  • Vaxart Inc. (NASDAQ: $VXRT)

GT Biopharma Inc. (NASDAQ: GTBP)

While it isn’t one of the short squeeze stocks to watch, this former penny stock does have an upcoming event this week. GT Biopharma is set to discuss Q2 2021 financial results and give a business update on August 13th. One of the things most likely in focus is the company’s pipeline developments and outlook. GT Biopharma has several treatment candidates that’ve gained attention this year.

Its lead treatment, GTB-3550, is currently in phase trials for patients with acute myeloid leukemia and myelodysplastic syndromes. Early data has also shown a meaningful response from the first round of patients. More importantly, none of the participants in the study had run into adverse events so far.

GT Biopharma has developed a treatment pipeline based on its novel TriKE treatment platform. TriKE or “tri-specific killer engager” leverages the cancer cell killing potential of Natural Killer (NK) cells in numerous indications. Aside from GTB-3550, new details were announced earlier this quarter, with GT reporting positive preclinical data from its GTB-5550 B7H3 TriKE treatment candidate.

It was found to be effective in multiple cancer cell types. In particular, B7H3 is overexpressed in cancers including non-small cell lung cancer, breast, renal, pancreatic, ovarian, liver, and colorectal cancers. In preparation for filing an Investigational New Drug application with the FDA, GT Biopharma’s GTB-5550 is going through GMP manufacturing scale-up processes.

Will GTBP hold a place on your list of stocks to watch with upcoming earnings and a business update?

GTBP stock chartbest penny stocks on robinhood to watch GT Bipharma Inc. GTBP stock chart

Blue Apron (NYSE: APRN)

A classic “stay at home stock,” Blue Apron has come under plenty of pressure as economies reopen. This has lead to short interest building in the penny stock. Some accounts have a short percentage of float, sitting around 21% as of this article. With this has come plenty of attention thanks to the constant search for penny stocks with high short interest.

[Read More] Are These Penny Stocks Worth Watching This Week? 3 For Your List

It also “helps” that APRN stock has gotten beaten down in 2021. Since reaching highs of $12.35 earlier this year, shares are down more than 60%. Is there hope for APRN stock even without the instance of a short squeeze?

More recently, bullish sentiment has been building thanks to speculation. The center of focus is on a possible round of fresh lockdowns. If you took a look back in 2020, Blue Apron was one of the early winners of pandemic momentum. Shares rallied from around $2 to nearly $30 as the world shut down.

Aside from that, the company’s recent earnings results have also raised a few eyebrows. Blue Apron reported that it expects higher sales and new menu options moving forward. Needless to say, a mix of technical and fundamental interests could have APRN on the list of penny stocks to watch right now.

APRN stock chartbest penny stocks on robinhood to watch Blue Apron APRN stock chart

MannKind Corporation (NASDAQ: MNKD)

Another one of the penny stocks with a higher short interest is MannKind Corporation. As of this article, the most recent percentage short data shows interest around 13%. Not as big as APRN, but by most accounts, a higher level of shares shorted all the same.

In MannKind’s case, the stock itself hasn’t gotten beaten up as badly as Blue Apron. Furthermore, the trend since the start of 2021 is more sideways than anything. The broader trading channel for MNKD stock has been between $3.50 and $5.50, with some instances of trading above and below this range.

One of the recent developments that have this penny stock back in focus is its deal with NRx Pharmaceuticals. The two are evaluating a dry powder formation of NRx’s anti-inflammatory drug, Zyesami. The drug candidate is in clinical trials as a potential treatment of critical COVID-19 with respiratory failure. It’s also been given fast-track designation by the FDA.

This Wednesday, MannKind reports its next round of earnings. So given the timing of everything, it could be one of the penny stocks to watch depending on what gets revealed on Wednesday after the closing bell.

MNKD stock chartbest penny stocks on robinhood to watch MannKind Corp. MNKD stock chart

Vaxart Inc. (NASDAQ: VXRT)

Another one of the former penny stocks to watch on this list is Vaxart Inc. While short interest isn’t the only focus right now, for VXRT, it has played a role. Based on the most recent data, the short float percentage is right around 20%. What’s more, the company’s recent business update helped shed a brighter light on a few things that were up in the air during more recent weeks.

[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80

One of the topics discussed was the potential of Vaxart’s R&D and clinical development initiatives. CEO Andrei Floroiu said, “We strengthened our balance sheet, made major research advances, deepened our scientific knowledge, grew the company, and took the company closer to our goal of developing disruptive oral tablet vaccines that can have a material impact on the world’s public health.”

Vaxart’s platform has shown progress in recent clinical trials. Its norovirus vaccine, built on the company’s VAAST platform, demonstrated the ability to boost immune responses in those who’ve been previously vaccinated with a Vaxart oral vaccine. In some cases, this vaccination period was more than a year earlier. The company also has a current trial study going on. This is of its S-Wuhan construct, which it expects to begin shortly. Obviously, with growing virus cases and the eventual rise of “cold and flu season,” this early progress has begun to gain attention in the market.

VXRT stock chartbest penny stocks on robinhood to watch Vaxart Inc. VXRT stock chart

Current & Former Penny Stocks This Week

Whether we’re talking about penny stocks or higher-priced ones, the risk always plays a role. What’s more, the addition of certain “events” or technical “catalysts” can add more volatility into the equation. Everything from earnings and corporate updates to high short interest or social sentiment can play a factor. So, it’s important to understand all possible things “at play” when you’re putting together your watch list. Heading into the second week of the month, keep this in mind.

robinhood stocks

Pursuant to an agreement between Midam Ventures LLC and GT Biopharma (GTBP) Midam has been paid $150,000 for a period from March 1, 2021, to April 1, 2021. This compensation is payment 1 of 12 as part of a 12-month agreement between Midam Ventures LLC & GT Biopharma (GTBP), for a period from March 1, 2021, to February 28, 2022. Midam Ventures LLC expects to be paid $150,000 per month for a total of 12 months by GT Biopharma (GTBP). Midam has been paid an additional $150,000 for a period from April 2, 2021, to May 1, 2021. This compensation is payment 2 of 12 as part of the Agreement. Midam has been paid an additional $150,000 for a period from May 2, 2021, to June 1, 2021. This compensation is payment 3 of 12 as part of the Agreement. Midam has been paid an additional $150,000 for a period from June 2, 2021, to July 1, 2021. This compensation is payment 4 of 12 as part of the Agreement. Midam has been paid an additional $200,000 for a period from July 2, 2021, to July 29, 2021. This compensation is payment 5 of 12 as part of the Agreement. Midam has been paid an additional $200,000 for a period from July 29, 2021, to September 2, 2021. This compensation is payment 6 of 12 as part of the Agreement. We may buy or sell additional shares of GT Biopharma (GTBP) in the open market at any time, including before, during, or after the Website and Information, to provide public dissemination of favorable Information about GT Biopharma (GTBP). Click here for full disclaimer.


Reply
10 MORE Current & Former Penny Stocks With High Short Interest ( ShortSqueeze Stocks)
By: pennystocks Penny Stocks [pennystocks.com]    
   on Jun 07, 2021

https://youtu.be/WVMXJXdmTJo

https://youtu.be/WVMXJXdmTJo

Putting together your list of penny stocks to buy right now? I'm sure you're keeping in mind that major market-moving trends in meme stocks like GameStop ( $GME stock), BlackBerry ( $BB stock), and Bed, Bath, & Beyond ( $BBBY stock).

But while the masses are flocking to these potentially crowded trades right now, there's a whole group of other current and former penny stocks to watch that might also fit this mold. What I'm referring to is higher levels of short interest in the stock market today.

Triggering epic short squeezes is now almost like a stock market game, and so far, that "game" is being won by newbie traders, as it were. With this as the current backdrop to active market trading, here's a list of current and former penny stocks to watch with high short interest. Will they be next to take a Reddit-powered spotlight?

Check out these 10 current & former penny stocks showing higher than average short interest right now. #StockMarketLive #AMC #ShortSqueeze

Stocks Mentioned: $XERS $WPG $RHE $INO $INSG $SQBG $AMC

Full Article On https://pennystocks.com/


Reply
The implication of a gme squeeze
By: ssmlee04 Community Lead :))   💬 98   
   on Jan 31, 2021

Some of my thoughts about this (oncoming) gme squeeze.

$gme squeeze might actually be a big part of why indexes are down last week. The current situation of $gme short float is around 140% and some websites even have this number around 250%. And the shorts are having a hard time covering their short positions, also they're not willing to cover their short positions and take their losses. But this cannot go indefinitely, you would ned to cover those positions eventually. But it is not an easy thing to do at this stage given that the prices are already up from the low of around $2 to $325 on Friday's close.

So that means those shorts would need to come up with creative ways to cover their shorts. There is a saying that hedge funds are trying to create panic in the market by selling a lot of stuff for you to sell your $gme so that they can cover their positions. On Jan 28 you can't even buy gme with a lot of brokers like Robinhood or IBKR or many others brokers. Robinhood literally limited their $gme and $amc buying to 1 share. Also you see a ladder attack that slashes the price of $gme from $400 to $120 ish but as you can see there's still not a lot of people selling their position on the way down. And then in the after-hour trading after Robinhood announced that you can buy gme again the next day the price went back up 80% very soon.

Currently there are around 60m short shares in the market. And the current borrow rate for shorts are 50% a year. Which means the short positions would need to pay an interest of 60m325/3651.33 ~= 100m a day. It is not big but once there's an actual squeeze coming and this number can get really big. You would be paying interest at a much higher interest rate and stock price. Also for brokers to take your $gme buy order they actually need to post a margin to the clearing house as insurance, but when the volatility of gme gets really big the clearing house requires 100% margin as the insurance, which is part of the reason why you cannot buy gme on a lot of brokers. So there's some liquidity issues showing up at this stage with the brokers and the clearing house. Robinhood, for example, limited their stock buying in many assets on Friday and you can only buy 1 share of gme or $amc. And they were getting some emergency funds over the weekend maybe because of that. And if some brokers really go under there would also be some issues with the clearing house too.

Anyways, if there's a really bad squeeze coming then something bad might happen.


Reply
A potential short squeeze
By: ssmlee04 Community Lead :))   💬 98   
   on Jan 30, 2021

https://www.reddit.com/r/stocks/comments/l6p8pq/ive_seen_discussion_of_the_gme_short_ratio_6_or/gl2397v/

The top for a few days because once the squeeze is squoze only the institutional traders are going to have shares left. Who they going to sell them to for $50,000 a share? It will take time to unwind after. You think shorts are going to dive back in after? Your right some big ball bastards will. But majority will never short it again after it squeezes.

$gme


Reply
GameStop - what’s happening? Short explanation of all what you need to know
By: andreaferrando Software Engineer in Financial Service    
   on Jan 30, 2021

https://youtu.be/tIFtBr89j90

https://youtu.be/tIFtBr89j90

$GME what a time to be alive ;) People vs WallStreet. Reddit users got together to fight against the big boys of WallStreet who massively did a short-selling action. Price has gone to the moon, will it come back now? I made a short comprehensible video, explaining what's happening and why the stock price exploded. Watch it out!


Reply
Top 20 highest turnover rate stocks in the market with price > 10 today
By: earningsfly lazy guy   💬 2   
   on Oct 09, 2020

https://twitter.com/earningsfly/status/1314673718908645376

rip $GME $JMIA, gj $JKS $PLL $WKHS maybe EV, solar and lithium would continue be good in the next while. We'll see.


Reply