Penny_Stocks_Today

Penny_Stocks_Today

Over the past weeks, meme stock traders have been intensively focused on buying shares of struggling companies in an attempt to force short sellers to cover their positions – squeezing these stocks in turn. One of the stocks currently seeing strong momentum is WeWork Inc (NYSE: WE) which may be set to file for bankruptcy soon due to its financial struggles. With...

Penny_Stocks_Today

Genius Group Limited’s (NYSE: GNS) long-anticipated spinoff is finally on the horizon. For months now the company has been promising spinoff dividends as a method of combating naked short selling. Now, the company set the record date for the share dividend on August 31st which could see its stock in anticipation. With this in mind, the stock is highly shorted at...

Penny_Stocks_Today

As one of the most promising OTC companies, Epazz, Inc. (OTC: EPAZ) may be poised to run over the coming weeks given the plethora of press releases it promised to release soon. After being issued the third patent for its AI drone – ZenaDrone 1000 – the company shared that it was in talks with the US Air Force. This might indicate that one of the company’s upcoming...

Penny_Stocks_Today

On August 7th, Proterra Inc. (NASDAQ: PTRA) filed for bankruptcy due to its inability to pay off its current liabilities. As a result, the stock fell 87% and could continue its fall over the coming days. That said, bankruptcy plays have proven to be extremely popular among traders which could see PTRA stock have a dead cat bounce soon. While a dead cat bounce play...

Penny_Stocks_Today

After there was a glimmer of hope that it would escape bankruptcy thanks to the high demand for its new FCEV truck, Nikola Corporation (Nasdaq: NKLA) finds itself in a highly precarious situation once again after Proterra Inc. (NASDAQ: PTRA) declared bankruptcy. As PTRA is the sole battery supplier for the company’s FCEV truck, NKLA may find it hard to fulfill the...

Penny_Stocks_Today

With its stock up 32% since sharing impressive Q4 financial results, Tilray Brands, Inc. (Nasdaq: TLRY) may further soar over the coming weeks following its recent acquisitions to boost its alcohol segment. With this in mind, the company recently acquired 8 beer and beverage brands from Anheuser-Busch (NYSE: BUD) in a move that would substantially boost the...

Penny_Stocks_Today

Back in May, Mullen Automotive, Inc. (NASDAQ: MULN) effected a 1 for 25 reverse split to regain compliance with the NASDAQ minimum price requirement. Fast forward 3 months, the emerging EV maker finds itself in a similar position with the stock trading at around $.12 per share. For this reason, investors are anticipating the results of the company’s latest...

Penny_Stocks_Today

After regaining its Pink Current status, Astra Veda Corporation (OTC: ASTA) may be poised to soar over the coming months as the company promised to release a press release once a month for the next 3 to 4 months. This is extremely exciting news for shareholders since the announcements could be regarding substantial deals – including a deal with a NATO member. For...

Penny_Stocks_Today

Over the course of the past week, Rite Aid Corporation (NYSE: RAD) ran more than 95% which is why the stock is currently popular among traders seeking to buy meme stock. Having said that, the company is facing a litany of issues that could cause its stock to plummet. A prime example is its legal implications concerning the opioid crisis. Additionally, the company...

Penny_Stocks_Today

One of the biggest issues facing biometric systems is data breaches that target their underlying biological data. It is for this reason that T Stamp Inc.’s (NASDAQ: IDAI) new patent titled “ Systems and Methods for Privacy-Secured Biometric Identification and Verification” is extremely promising. The patent highlights these underlying security issues and offers a...

Penny_Stocks_Today

One of the marijuana penny stocks worth keeping an eye on this year is Galexxy Holdings, Inc.’s (OTC: GXXY) after it released a road map revealing a litany of developments that the company believes will catapult its share price to $2 in the next 12 months and uplist to NASDAQ. This projection may seem at first like mere speculative optimism, but given the litany...

Penny_Stocks_Today

Over the last year, Peloton Interactive, Inc. (NASDAQ: PTON) has been transitioning into a subscription business model instead of relying on its hardware sales. This could be an excellent move for the business since subscription models offer a higher profit margin. However, there is a litany of issues plaguing the company, including but not limited to a...

Penny_Stocks_Today

After posting impressive Q4 financial results, Tilray Brands, Inc. (NASDAQ: TLRY) has been gaining momentum as the company’s outlook appears to be brighter than ever – especially with cannabis’ status as a schedule 1 drug currently being re-evaluated. Although full cannabis legalization may not come for years, the ongoing re-evaluation of cannabis status may be a...

Penny_Stocks_Today

Robinhood Markets, Inc (NASDAQ: HOOD) is currently benefiting from the high interest rate environment since its interest revenue has increased 278% from last year. Furthermore, Since the brokerage is expecting a seasonal increase in its other revenues, that coupled with the net interest revenue growth, will push it over to profitability – beating its EPS estimates...

Penny_Stocks_Today

Cyberattacks have become drastically more prevalent, which is why demand for VeeMost Technologies Holdings, Inc.’s (OTC: GDVM) services has been on the rise. In order to meet the increasing demand for cybersecurity solutions that eliminate cyberattacks, the company intends to form a partnership with NVIDIA Corporation (NASDAQ: NVDA) to develop AI security systems...

Penny_Stocks_Today

Building up momentum since the start of the year, DraftKings Inc. (NASDAQ: DKNG) is currently up more than 140% YTD. With the company expected to release its Q2 earnings on August 4, DKNG stock could be poised for a post earnings run given that it ran 30, 40, and 32% following its last 3 earnings. This might be the case following Q2 earnings thanks to the success...

Penny_Stocks_Today

Universal Media Group Inc. (OTC: UMGP) is a leader in the production and distribution of media content in different genres through several media platforms. At the same time, UMGP is focused on producing celebrity-based content through social media and streaming platforms. With the company promising a series of announcements this week, UMGP stock is landing on...

Penny_Stocks_Today

It has become abundantly clear that NIO Inc. (NYSE: NIO) is setting its sights towards expanding in the Dutch market following its recent announcement of opening its first NIO Hub in the European country. NIO’s Dutch hub is far from being an outlier. Currently, the Netherlands hosts 5 NIO swapping stations which is the highest number of NIO’s swapping stations...