Penny_Stocks_Today

Penny_Stocks_Today

The emerging global supplier of hydrogen fuel cell EVs Hyzon Motors Inc. (NASDAQ: HYZN) stock is in a dire state since its stock is down more than 60% YTD. HYZN also suffers from cash burn problems, which may pose a problem for HYZN’s future. However, HYZN stock could be set for a rebound soon thanks to its recent deal with Chevron Corporation (NYSE: CVX) which...

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With Covid-19 resurging in China, China JoJo Drugstore, Inc. (NASDAQ: CJJD) may be well-positioned to capitalize on this unfortunate situation thanks to its status as a leader in the Chinese pharmaceutical market. Since demand for medications would soar as Covid cases increase, CJJD’s revenues could be poised to soar. Meanwhile, CJJD is expected to post its 2023...

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After holding a shareholders meeting last week, Astra Veda Corporation (OTC: ASTA) has been gaining substantial interest with ASTA stock up 51% since then. During this meeting, ASTA shared that it was granted a new patent that might be related to a new anti-ballistic product. Considering the rise of mass shootings and crime rates, ASTA may be well-positioned to...

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Some drugs address specific illnesses, while others enhance the pharmacokinetic responses of other drugs, which basically means that it assists other drugs. Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN)’s FHAB™ compound does both by causing swelling around tumors which assists in the immune response and catalyzes the effect of other treatments. As is, SONN...

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After SPAC KINZ Technology merged with CXApp Inc. (NASDAQ: CXAI), Inpixon’s (NASDAQ: INPX) past subsidiary, CXAI stock saw itself soaring more than 50% due to the rising interest in AI stocks. In turn, INPX ran more than 15% thanks to its stake in CXAI. With that in mind, INPX stock can prove to be a great sympathy play to AI stocks. INPX Fundamentals With AI...

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Amidst a dwindling cash balance, and an erosive burn rate Cybin Inc. (NYSE: CYBN) found itself presented with a solution in the form of a common share purchase agreement with Lincoln Park Capital Fund, LLC (LPC). This deal will help CYBN overcome its current financial hurdles by providing cash that will help it fund its ongoing trials which may allow it to reach...

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AI is the new hot topic in town at the moment with NVIDIA Corporation (NASDAQ: NVDA), Palantir Technologies Inc. (NYSE: PLTR), and C3.ai, Inc. (NYSE: AI) leading the pack. With many investors looking to capitalize on the ongoing AI craze, Recruiter.com Group, Inc. (NASDAQ: RCRT) is one of the artificial intelligence stocks to watch thanks to being one of the...

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The first step towards profitability for biotech companies is FDA approval since it allows these companies to start realizing revenues from their treatments. One of the biotech stocks that is set to earn revenues for the first time is Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) whose heart failure treatment was approved by the FDA last Friday. Although LXRX stock...

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Earlier this month, Brenmiller Energy Ltd. (NASDAQ: BNRG) launched the world’s first gigafactory for thermal energy storage in Dimona, Israel. The facility is expected to achieve its maximum capacity of 4 GWh by the fourth quarter of 2023. With a $63 billion market and the consistent demand for efficient energy storage, BNRG is in a position to be a leader in the...

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Once high short data collides with a significant catalyst the possibility of a short squeeze skyrockets. This might be the case for struggling Novavax, Inc. (NASDAQ: NVAX) which faces the risk of filing for bankruptcy due to the waning demand for Covid vaccines. With this in mind, NVAX’s Covid vaccine was recently endorsed by the EMA for full approval which...

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Expansions can be extremely beneficial for a business and that is the case for the pharmaceutical wholesale provider – Cosmos Health Inc. (NASDAQ: COSM). After adding a new German drug wholesaler under its umbrella, COSM appears to be on track to extend its reach throughout the whole European market. As this recent acquisition is set to boost the company’s...

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After House Speaker Kevin McCarthy described the student loan payment pause as “gone” due to the debt ceiling deal, SoFi Technologies, Inc. (NASDAQ: SOFI) seems to be a huge beneficiary of the deal. Since one of SOFI’s core business models is student debt refinancing and it is back on the table, SOFI can now operate at full capacity again after the collapse of...

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The nation’s largest retail home lender Rocket Companies (NYSE: RKT) introduced ONE+, a new 1% down home loan program. That may be a recipe for disaster for RKT, as it encourages more people to buy homes and increases the risk of these people not being able to pay their mortgages, especially since the program is aimed at low-income Americans. If enough people can...

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As far as hot streaks go Mullen Automotive, Inc. (Nasdaq: MULN)’s is especially notable. It secured two large purchases and is in the process of securing a deal with Saudi Arabia. Additionally, there have been murmurs about new Middle Eastern deals on the horizon. As is, the recent purchases secure its short-term interest by improving its finances, and the Middle...

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As far as undervalued plays go, Nuwellis, Inc. (NASDAQ: NUWE) could be one of the most undervalued stocks thanks to its cash balance which dwarfs its market cap. Additionally, NUWE has an FDA-cleared device which the company realizes revenues from. With the stock trading near its all-time low, NUWE stock could be one to watch closely in anticipation of a...

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As AI stocks keep gaining interest day after day, Palantir Technologies, Inc (NYSE: PLTR) is looking to reinvent itself as an AI-focused company with the release of its new AI platform. The new direction came after PLTR achieved its second quarter of GAAP profitability. Although PLTR stock is trading near its 52-week high, the stock could reach new highs soon...

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Ano stranger to parabolic runs, Ocean Biomedical, Inc. (NASDAQ: OCEA) could be set up for another one soon with the stock cooling down from its most recent 136% run on news of being awarded a patent for a novel cancer immunotherapy treatment. While the stock recently had a 25% spike on being included in the Russell 2000 Index, OCEA stock has cooled down and is...

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Sepsis may seem like a concern of the past, something that barely affects society ever since medical communities stopped believing that puss was part of the natural healing process. That notion is far from the truth since it is estimated that 30%-50% of hospital deaths are due to sepsis. T2 Biosystems, Inc. (Nasdaq: TTOO) is likely to rebound from its recent fall...