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3 Penny Stocks That Are Trending Right Now
If you are looking for penny stocks to buy, you are definitely not alone. Most of those who trade penny stocks spend time researching small caps that may appear due to their popularity. And this strategy extends to many facets of trading both blue chips and penny stocks. It’s not rocket science why trendy penny stocks are becoming popular among all types of investors.
Are Trendy Penny Stocks Worth It?
On the one hand, when a penny stock receives more attention and therefore more volume, we often see a spike in value. This has been the case with several stocks over the past six months including GME stocks, SPRT stocks, AMC stocks, etc.
And although trending stocks tend to be very volatile, this volatility can be an advantage for those who know how to use it. However, one of the difficulties with trading small caps is finding the ones that are worth the money. This is where research and training in trading comes in.
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On the one hand, finding information that includes finances, balance sheets, all upcoming events, and more, could help point out when the next big price move might take place. And on the other hand, having an education that teaches you how to trade penny stocks can give you a leg up on the competition.
Because penny stocks move quickly, being the first on the scene will always be a major advantage. So, given all of that, here are three trending penny stocks you need to know about before next week.
3 Penny Stocks Trends To Watch In September 2021
1847 Goedeker Inc. (NYSE: GOED)
Cinedigm Corp. (NASDAQ: CIDM)
Aehr Test Systems (NASDAQ: AEHR)
1847 Goedeker Inc. (NYSE: GOED)
1847 Goedeker Inc. is a penny stock that has climbed over 8% through EOD. This brings his gain over five days to over 13%, which is quite substantial. If you are not familiar with GOED, it is a company that operates an e-commerce platform for furniture, fitness equipment, home appliances, etc.
It also provides home appliance installation and old appliance removal services. In addition to these products, 1847 Goedeker sells patio furniture and commercial appliances for builders and businesses. During the pandemic, the demand for the products Goedekers sells has increased dramatically. And as a result, this has been reflected in GOED’s balance sheet.
On August 12, the company announced its second quarter results for 2021. The company achieved combined pro forma revenue of $ 140.1 million, up 53.1% year-over-year. other. The company’s combined pro forma net income was $ 17.3 million, and combined adjusted EBITDA was $ 15.2 million. This is an exciting report that shows how quickly GOED is developing.
“We believe that our strong pro forma second quarter results reinforce the many operational benefits and synergies presented by the acquisition of Appliances Connection. Now that the transaction is complete, we are well positioned to scale and aggressively pursue our medium term goal of reaching $ 1 billion in annual sales.
Doug Moore, CEO and Director of Goedekers
Since the publication of these financial results, the market value of GOED shares has increased. Based on this information, will GOED make your list of penny stocks to watch right now?
Cinedigm Corp. (NASDAQ: CIDM)
Cinedigm Corp. is an entertainment penny stock that we have discussed frequently over the past few months. This company is a distributor and owner of films, television and other content. Its products are distributed to brands such as NHL, NFL, Hallmark, etc. It also distributes its content through streaming platforms like Apple and Amazon Prime. Over the past year, throughout the pandemic, consumers have shown increased demand for digital content. This has been a major advantage for the CIDM and its business model.
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On August 24, the company launched four of its most popular channels on The Roku Channel. The channels broadcast on The Roku Channel are “Real Madrid TV”, “The Only Way Is Essex”, “So… Real” and “El Rey Network”. The Roku Channel has seen more and more users for quite some time, which is an interesting prospect for investors to consider.
“We’re excited to help create such a variety of new channels that we know will appeal to every passionate audience available on The Roku Channel.”
Senior Vice President of Revenue at Cinedigm
Since the publication of this announcement, the stock of CIDM has increased significantly in the market. On August 24, CIDM stock averaged $ 1.65 per share. Over the past month, CIDM shares have risen by more than 10%. This brings its YTD gain to over 180%, which is no small feat. With that in mind, will CIDM stocks be added to your list of penny stocks to watch?
Aehr Test Systems (NASDAQ: AEHR)
Aehr Test Systems is a penny stock that just rose over 7% at EOD on August 31st. If you haven’t heard of AEHR, it’s a company that sells products to those in the semiconductor industry. Aehr is involved in the entire process of designing, engineering, manufacturing and selling these products. Aehr mainly creates test and break-in equipment for this industry. This makes them a fully vertically integrated producer, which investors love to see.
On August 31, the company received its first order for its FOX individual die test and burn-in system. His first orders totaled nearly $ 1.2 million from a new customer in China. This first order includes a FOX-NP insert system and several DiePak holders. This new customer will also provide contract manufacturing services to an existing customer of Aehr Test.
“A key capability that this customer uses on our FOX system and DiePaks is our ability to make very low current measurements per device, so that we can directly measure dark currents in optical outputs, as well as measure extremely low threshold shifts. current per device before and after burning to our system directly.
President and CEO of Aehr Test Systems, Gary Erickson
Following the announcement, AEHR stock is up 7.5% on the same day. With this information in mind, will the AEHR make your penny stocks watchlist in 2021?
What Penny Stocks Trends Are You Observing?
Finding the best penny stocks to buy can be a tough challenge. But, with the right research and business education on your side, it can be a lot easier to make money with penny stocks.
[Read More] Why These Penny Stocks Should Be On Your Watch List Right Now
In view of this, there are hundreds of options for finding trending stocks. So take your decision carefully and fully understand what the company is doing and what its prospects are. With all of that in mind, what are the trends in penny stocks that you are seeing right now?
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