7 Penny Stocks To Watch Before They Pop Due to Reddit Users

InvestorPlace2021-06-14

Reddit users really like these small-cap stocks Source: Shutterstock “Meme stock mania” shows no signs of slowing down. The capacity of short-sellers to endure pain is being examined quite severely by...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Guardian_J
2021-07-31
Guardian_J
Go genius!!
chiew
2021-07-01
chiew
More
HappyTrade
2021-06-17
HappyTrade
Yes... Zom please....
Hooray
2021-06-17
Hooray
ZOM 到底還行不行
Stingray8
2021-06-16
Stingray8
ZOM… R u going to cross a buck soon??
DaltonLow
2021-06-16
DaltonLow
$ZOM next hot pick ?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1149061517?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-14 13:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1149061517","market":"us","top_or_hot":-1,"title":"7 Penny Stocks To Watch Before They Pop Due to Reddit Users","media":"InvestorPlace","content":"<div>\n<p>Reddit users really like these small-cap stocks\nSource: Shutterstock\n“Meme stock mania” shows no signs of slowing down. The capacity of short-sellers to endure pain is being examined quite severely by...</p>\n\n<a href=\"https://investorplace.com/2021/06/7-reddit-penny-stocks-to-watch-before-they-pop-zom-idex-gnus-nakd-gsat-nok-agtc/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>7 Penny Stocks To Watch Before They Pop Due to Reddit Users</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Penny Stocks To Watch Before They Pop Due to Reddit Users\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 13:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/7-reddit-penny-stocks-to-watch-before-they-pop-zom-idex-gnus-nakd-gsat-nok-agtc/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reddit users really like these small-cap stocks\nSource: Shutterstock\n“Meme stock mania” shows no signs of slowing down. The capacity of short-sellers to endure pain is being examined quite severely by...</p>\n\n<a href=\"https://investorplace.com/2021/06/7-reddit-penny-stocks-to-watch-before-they-pop-zom-idex-gnus-nakd-gsat-nok-agtc/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IDEX","symbol_name":"优点互动","start_time":0,"source_url":"https://investorplace.com/2021/06/7-reddit-penny-stocks-to-watch-before-they-pop-zom-idex-gnus-nakd-gsat-nok-agtc/","article_id":"1149061517","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149061517","pubTimestamp":1623649290,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Reddit users really like these small-cap stocks\nSource: Shutterstock\n“Meme stock mania” shows no sig","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IDEX":"优点互动","NOK":"诺基亚","AGTC":"Applied Genetic Technologies Corporation","GSAT":"全球星","ZOM":"Zomedica Pharmaceuticals Corp."},"translate_title":"7只因Reddit用户而暴涨的便士股需要关注","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGTC":0.9,"GNUS":0.9,"GSAT":0.9,"IDEX":0.9,"NAKD":0.9,"NOK":0.9,"ZOM":0.9},"content_text":"Reddit users really like these small-cap stocks\nSource: Shutterstock\n“Meme stock mania” shows no signs of slowing down. The capacity of short-sellers to endure pain is being examined quite severely by day traders driving up the share prices of meme stocks like AMC(NYSE:AMC) and GME(NYSE:GME). However, although these two stocks are trading places for the most popular Reddit stock out there, there are also plenty of penny stocks making waves on subreddits.\nNow you may be thinking if penny stocks are worth the trouble. A penny stock refers to a small company’s stock that trades for less than $5 per share.\nThey are not at the top of the list for value investors. Many of the penny stocks are traded over the counter. Thus, the liquidity of the stocks is low.\nIn turn, due to the low liquidity, an investor might not be able to cash out at the right time. Furthermore, the low liquidity results in low trading volumes. Even small transactions can have a massive impact on the price of these stocks.\nStill, you will be amazed to find out how many amazing stocks are on this list. None of these companies is an Amazon(NASDAQ:AMZN) or a Tesla(NASDAQ:TSLA).\nHowever, they are interesting performers that have caught the attention of Reddit users, who have become one ofthemost potent forces on Wall Street recently.\nSo, without further ado, here are seven names that are making a major impact on the message boards recently.\n\nZomedica (NYSEAMERICAN:ZOM)\nIdeanomics (NASDAQ:IDEX)\nGenius Brands (NASDAQ:GNUS)\nNaked Brand (NASDAQ:NAKD)\nGlobalstar (NYSEAMERICAN:GSAT)\nNokia (NYSE:NOK)\nApplied Genetic Technologies (NASDAQ:AGTC)\n\nNow, let’s dive in and take a closer look at each one.\nZomedica (ZOM)\nZomedica is a very interesting company.\nA development stage veterinary diagnostic and pharmaceutical company, it is known for its Truforma platform, a machine allowing veterinarians to conduct in-office diagnoses for common diseases affecting canine and feline companions. As a result of the machine, medical professionals can charge higher fees in quick time, increasing margins and reducing costs.\nThe company has made only one sale; to Jason Berg, founder, and president of Guardian Veterinary Specialists, a 29,000-square-foot hospital in Brewster, New York.\nReddit momentum can only help so much. To that end, it has inked a deal with Miller Veterinary Supply, one of America’s oldest wholesale distributors of pet supplies to veterinarians, to market Truforma.\nAt the end of 2020, ZOM stock traded for around 23 cents per share. It went as high as $2.91 per share but is now trading under a buck. However, if last week is any indication, you should not treat this stock lightly.\nIdeanomics (IDEX)\nConsidering the popularity of electric vehicle (EV) stocks from mid-2020 onwards, it is not surprising Ideanomics has made its way onto this list of penny stocks.\nAnalyzing the company is a tough task. Professional wrestling scion Shane McMahon founded Ideanomics as a financial technology company in 2004. At that time, it was known as China Broadband. A lot of water has passed under the bridge since then and IDEX has gone through several iterations, pivoting in and out of high growth industries at a rapid pace. This has earned the company an unenviable position.\nIdeanomics operates two main divisions, Mobile Energy Global and Ideanomics Capital. The former helps customers get access to commercial electric vehicles, and the other offers fintech products.\nAgain, it’s important to highlight Ideanomics is not a fundamentally sound company. However, considering the areas in which it invests, Reddit users will not lose interest in this one anytime soon.\nGenius Brands (GNUS)\nCEO Andy Heyward believes Genius Brands can become the Netflix (NASDAQ:NFLX) of children’s TV. That is an ambitious claim. However, if any company can pull it off, it stands to make a substantial amount of money.\nFor now, Genius Brands does not have the numbers. What it does have our partnerships and licensing agreements with prominent brand names like Stan Lee, Arnold Schwarzenegger, to name a few. In fact, Schwarzenegger ha sinked an agreement to be a “significant investor,” in the kid’s media company.\nThe company has made it a habit of sorts to issue fluff press releases that inevitably leads to a bump in the share price. It’s a classic case of “Sell the Sizzle, Not the Steak.” But in the long run, we need to see some traction on the bottom line.\nNaked Brand (NAKD)\nReddit has acted like Santa Claus for a number of companies. However, there are few who will be as thankful as Naked Brand. The New Zealand-based company owes its resurgence largely to the r/WallStreetBets subreddit forum.\nAt this point, I was fully expecting the company to desist, but in a show of power, the retail investors have given this intimate apparel retailer a new lease on life. Now, NAKD is back in full force and has put into motion a plan to transform itself into a digital enterprise instead of a brick-and-mortar business in Australia and New Zealand.\nConsidering Reddit loved this penny stock even before this initiative, I can only imagine how high the stock can go now that there is a semblance of a story to back their ambitions.\nGlobalstar (GSAT)\nYou might have not heard of Globalstar but it’s a pretty solid tech penny stock. It offers two-way voice and data devices such as mobile voice and data satellite communications products.\nThere are several names on a typical list of penny stocks that do not offer much of a story. However, that is not the case with Globalstar, it provides products and services that we use in our daily lives such as personal tracking, emergency location, and messaging solutions.\nEven without the Reddit-induced price action, this is a great company to have in your portfolio.\nNokia (NOK)\nMany thought the Nokia story was over after it lost its epic smartphone battle with Apple(NASDAQ:AAPL). On the contrary, the Finnish multinational telecommunications company has not transformed itself into a 5G giant.\nIn the last decade, Nokia has had several ups and downs. New CEO Pekka Lundmark has said that he wants to work against “complacency and accepting the status quo.” Those are bold words and harken back to the unfortunate circumstances that the multinational had to face as a result of its smartphone business debacle.\nHowever, investors can rest easy this time around. The company is aggressively buying the 5G spectrum, capital expenditures are healthy and its quarterly earnings are also moving in the right direction.\nConsidering all of this, NOK stock becomes one of the safest investments out there.\nApplied Genetic Technologies (AGTC)\nApplied Genetic Technologies is a biotechnology company that utilizes a proprietary gene therapy platform to produce genetic therapies for patients. It was founded in 1999 and has meandered along since then.\nHowever, Redditors took an interest in the company recently and pushed up the share price to $9.67 a pop. As I write this, the stock is trading under five bucks again, highlighting the perils of investing in Reddit stocks.\nOn a more positive note, the company recently announced additional data from its ongoing X-linked retinitis pigmentosa (XLRP) gene therapy Phase 1/2 trial. The data was positive, indicating an improved, durable response in retinal sensitivity.\nLike most Reddit penny stocks, AGTC is highly sensitive to news releases. So, you need to keep an eye on that section if you want to day trade this one.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":802169286,"gmtCreate":1627734956945,"gmtModify":1703495336252,"author":{"id":"3577512169946317","authorId":"3577512169946317","name":"Guardian_J","avatar":"https://static.tigerbbs.com/d5732d3790ba7ded4910ae093423ed15","vip":1,"crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3577512169946317","idStr":"3577512169946317"},"htmlText":"Go genius!!","listText":"Go genius!!","text":"Go genius!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802169286","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":158341963,"gmtCreate":1625131953752,"gmtModify":1703736781197,"author":{"id":"3566850909705069","authorId":"3566850909705069","name":"chiew","avatar":"https://static.tigerbbs.com/6a955817d8518ffedcf0489868ef4a98","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3566850909705069","idStr":"3566850909705069"},"htmlText":"More","listText":"More","text":"More","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/158341963","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161547164,"gmtCreate":1623936825958,"gmtModify":1703823927224,"author":{"id":"3561676944889444","authorId":"3561676944889444","name":"HappyTrade","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3561676944889444","idStr":"3561676944889444"},"htmlText":"Yes... Zom please....&nbsp;","listText":"Yes... Zom please....&nbsp;","text":"Yes... Zom please....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161547164","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161268987,"gmtCreate":1623929317449,"gmtModify":1703823739435,"author":{"id":"3576561753512796","authorId":"3576561753512796","name":"Hooray","avatar":"https://static.tigerbbs.com/8ffbb4c89c3a140a2d101ba94878f100","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576561753512796","idStr":"3576561753512796"},"htmlText":"ZOM 到底還行不行","listText":"ZOM 到底還行不行","text":"ZOM 到底還行不行","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161268987","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":169424244,"gmtCreate":1623848463688,"gmtModify":1703821268815,"author":{"id":"3582101468174801","authorId":"3582101468174801","name":"Stingray8","avatar":"https://community-static.tradeup.com/news/61835c24442db698417e83348c394372","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3582101468174801","idStr":"3582101468174801"},"htmlText":"ZOM… R&nbsp;u going to cross a buck soon??","listText":"ZOM… R&nbsp;u going to cross a buck soon??","text":"ZOM… R u going to cross a buck soon??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169424244","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":169547597,"gmtCreate":1623845343119,"gmtModify":1703821154435,"author":{"id":"3577017203434473","authorId":"3577017203434473","name":"DaltonLow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3577017203434473","idStr":"3577017203434473"},"htmlText":"$ZOM next hot pick ?","listText":"$ZOM next hot pick ?","text":"$ZOM next hot pick ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169547597","repostId":1149061517,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":42,"commentSize":24,"repostSize":0,"favoriteSize":6,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1149061517"}