Penny_Stocks_Today

Penny_Stocks_Today

After announcing its intention to acquire the software company Comhear, WiSA Technologies, Inc. (NASDAQ: WISA) quickly gained momentum – running over 100% on the news. Since then WISA stock has settled near $1.30. Considering its incredibly low float of 3.79 million shares, now could be an opportunity for patient investors to take a position ahead of its upcoming...

Penny_Stocks_Today

Up 230% since its Q4 earnings in March, Virios Therapeutics, Inc. (NASDAQ: VIRI) showed tremendous progress in its Q1 earnings in May. The company not only reported an EPS loss less than half of estimates, successfully reducing its cash burn by almost 60% QoQ, but reported significant progress in preparing its IMC-1 treatment for Phase 3 trials. As a...

Penny_Stocks_Today

After reaching 80 million customers, the stock of the Brazilian fintech giant Nu Holdings Ltd. (NYSE: NU) climbed as high as 9% over the following days. The Warren Buffet backed company has been showing continuous growth in customers and revenues despite the economic environment it is operating in and it is not showing any signs of slowing down. To reach this...

Penny_Stocks_Today

After two years without launching a spaceflight, Virgin Galactic Holdings, Inc. (NYSE: SPCE) is set to have its first flight since 2021 later this month as a test run before its first upcoming commercial as mentioned in its latest earnings call. Moreover, SPCE has stated its goals for the under-development delta class spaceships moving forward, which would...

Penny_Stocks_Today

Some pharmaceutical companies have interesting stocks. Among them, PaxMedica, Inc. (Nasdaq: PXMD) has some promise because it is seeking treatments to moderate the symptoms of neurodivergent disabilities, which currently have no FDA-approved treatments. Its drugs are currently only being tested on animal models so it is still a long distance from the market. That...

Penny_Stocks_Today

The five-year mortality rate for women with metastasized breast cancer is 30%. However, that statistic figure may soon be curbed due to Allarity Therapeutics, Inc.’s (NASDAQ: ALLR) new treatment – IXEMPRA-DRP. This is a treatment system combining Ixempra, an FDA-approved treatment for Metastasized breast cancer, with DRP, an AI system that matches patients with...

Penny_Stocks_Today

Most fintech companies have been suffering as of late due to the rise in interest rates over the last year, coupled with the failure of multiple banks during recent months. Affirm Holdings, Inc. (NASDAQ: AFRM) is a fintech company that recently unveiled its Q1 earnings report where the company beat both revenue and EPS estimates. Despite this, AFRM dropped by as...

Penny_Stocks_Today

Most fintech companies have been suffering as of late due to the rise in interest rates over the last year, coupled with the failure of multiple banks during recent months. Upstart Holdings, Inc. (NASDAQ: UPST) is a fintech that recently unveiled its earnings report and rallied by as much as 40%. The rise in interest rates has affected fintech companies in...

Penny_Stocks_Today

Pioneering in remote medical care and virtual care, Novo Integrated Inc. (NASDAQ: NVOS) just secured $57 million in debt funding. NVOS is also awaiting two major catalysts in the next couple of months: its long-awaited merger with SwagCheck Inc. The merger that was supposed to be closed by January 10th could be on the horizon, and its Q1 and Q2 earnings are...

Penny_Stocks_Today

Biden’s Russian Oil ban rattled the structure of the neoliberal globalized market, causing rifts that left demand to soar. But Imperial Petroleum Inc. (NASDAQ: IMPP) navigated the recently disheveled oil and petroleum markets and managed to drastically improve its fundamentals by paying off all of its outstanding debt. As a petroleum transporter, IMPP made a...

Penny_Stocks_Today

As EV fever sweeps the nation, another player may soon enter the game. Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) is one step closer to the market. Its first production FF91 vehicle came off the line on April 15th, marking its start of production (SOP). Recently, FFIE stock experienced a 53% run over the course of 3 days after FFIE appointed Rich...

Penny_Stocks_Today

Over the past week, the stock of the Connecticut-based fuel company FuelCell Energy, Inc. (NASDAQ: FCEL) climbed nearly 40%. News regarding development in the company’s collaboration with Toyota Motor Corporation (NYSE: TM) and its other partnership with Exxon Mobil Corporation (NYSE: XOM) were two major catalysts driving the stock in the last few days....

Penny_Stocks_Today

One of the largest luxury exercise equipment makers in the US, Peloton Interactive, Inc. (NASDAQ: PTON), Peloton stock was one of the stocks that gained a lot of traction during COVID-19. Amidst the lockdown, PTON’s sales skyrocketed; gyms were closed, and people wanted to exercise while locked in their homes. After the lockdown restrictions eased, PTON found...

Penny_Stocks_Today

One of the reasons why cancer is so hard to treat is that the body has a hard time identifying cancerous cells. IN8bio, Inc. (Nasdaq: INAB) seeks to solve this issue through gamma-delta T cell therapy, which assists the body in identifying cancerous cells and targeting them with a thorough immune response. Does that make it unique among biotech stocks? No. There...

Penny_Stocks_Today

Following the latest Chinese stocks rally on Friday, many Chinese stocks started to soar due to the hype including Quhuo Limited (NASDAQ: QH) – the Chinese workforce operational solutions provider. Looking to further expand its business QH has partnered with Baidu, Inc. (NASDAQ: BIDU) and Karry New Energy Auto to start implementing AI technology and enhance its...

Penny_Stocks_Today

Pivoting away from the crypto and fintech sector, Moon Equity Holdings Corp (OTC: MONI) announced an MOU with a Californian air charter company. At the same time, MONI has plans to sell its subsidiary BitGift. Given the slump crypto markets have fallen into since last summer, this apparent pivot away from FinTech and crypto may prove to be a more profitable...

Penny_Stocks_Today

After dropping as much as 80% in March, PacWest Bancorp (NASDAQ: PACW) started slowly recovering. The California-based bank holding company recently reported its Q1 earnings which surpassed expectations providing a bullish outlook for the stock. With its deposits slowly increasing over the past few weeks after witnessing a deposit outflow last month, in addition...

Penny_Stocks_Today

Trying to grab a piece of the EV stocks market cake, Rivian Automotive, Inc. (NASDAQ: RIVN) is an EV manufacturer that went public back in 2021. However, RIVN stock has dropped 93% from its IPO until now. Ever-growing losses have led analysts to cut their RIVN price targets – adding to the bearish market sentiment. After TSLA’s poor Q1 guidance, EV stocks have...