Penny_Stocks_Today

Penny_Stocks_Today

After sharing disappointing Q1 results, SentinelOne, Inc. (NYSE: S) saw its stock fall more than 35% to an all-time low. However, S stock has been gaining momentum lately as many investors believe the sell-off on the earnings may be an overreaction. With this in mind, S has continued to grow its customers – albeit less than expected – and is operating in the vast...

Penny_Stocks_Today

As faith in the US banking system wanes due to interest rate hikes BTC’s price rose 7% over the course of the month. However, with the Fed hinting at the possibility of further rate hikes this year, Bitcoin could continue increasing as banks could accumulate advanced credit risk. On the other hand, Marathon Digital Holdings, Inc. (NASDAQ: MARA) could stand to...

Penny_Stocks_Today

As it looks to compete with Tesla, Inc. (NASDAQ: TSLA) in the competitive Chinese EV market, XPeng Inc. (NYSE: XPEV) appears to be in an excellent position to gain more market share thanks to its new EV – G6 – whose deliveries will begin this quarter. With specifications and software rivaling the Tesla Model Y, XPEV is well-positioned to grow its revenues...

Penny_Stocks_Today

Already down nearly 70% YTD, Polestar Automotive Holding UK PLC (NASDAQ: PSNY) announced an average 18.75% cut in its delivery target due to a delay in Polestar 3 startup production. Despite the negative news, PSNY appears to be on the right track financially given its efforts to cut costs in order to boost profitability. With its shareholders voting regarding a...

Penny_Stocks_Today

One of the most interesting biotech stocks out there is Silo Pharma, Inc. (NASDAQ: SILO) due to its ability to utilize psychedelic research in new and exciting directions. An example of this is its recent announcement concerning a ketamine implant as a treatment for fibromyalgia. That said, SILO is currently researching a litany of treatments that might change the...

Penny_Stocks_Today

Cutting its long-term debt by almost 50%, Vertex Energy, Inc. (NASDAQ: VTNR) exchanged nearly $80 million in convertible notes due in 2027 for newly issued VTNR stock resulting in a significantly lower interest payment for VTNR. While the resulting dilution caused the stock to drop by as much as 15%, it saved the company millions in interest payments that would...

Penny_Stocks_Today

The Super Mario Bros. movie broke the $1 billion mark, becoming the highest-grossing video game movie. Nintendo Co., Ltd. (OTCPK: NTDOY) can expect to increase its IP-related income for FY2024, especially with the opening of Super Nintendo World in Los Angeles in collaboration with Comcast (NASDAQ: CMCSA). Moreover, NTDOY released Tears of the Kingdom, the sequel...

Penny_Stocks_Today

The biotech sector has been hot this year with multiple stocks making impressive runs. One biotech stock that appears to be poised to have a substantial run soon is ZyVersa Therapeutics, Inc. (NASDAQ: ZVSA) which could be a sympathy play to another biotech stock – First Wave BioPharma, Inc. (NASDAQ: FWBI). While FWBI stock climbed by as much as 157% on news of...

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After reverse merging with Glīd, Genesis Electronics Group, Inc. (OTC: GEGI) is looking to snatch a section of the trucking market by developing an electric road to rail vehicle – Glīd units. With the company recently announcing a partnership with Bart Manufacturing to assist in the development and construction of Glīd units, GEGI has actively taken the first step...

Penny_Stocks_Today

Up 46% with the Carvana (NYSE: CVNA) rally, Vroom, Inc. (NASDAQ: VRM) seems to be in a good position, especially since used car prices increased in April. Furthermore, with the FOMC approaching and the expectations that the Fed is going to pause rate hikes VRM can expect to increase its sales with the improving macroeconomic climate. VRM is also working on...

Penny_Stocks_Today

Set to join the Russell 2000 and Russell 3000, AST SpaceMobile, Inc. (NASDAQ: ASTS) the leader in space-based cellular network space, has witnessed a historical quarter. ASTS has completed its first-ever direct voice connection to its satellite. Furthermore, ASTS stock is currently up 31% YTD and could soar even higher with any major catalyst due to the high short...

Penny_Stocks_Today

Small cap stocks have been extremely hot lately and one of them is Mangoceuticals, Inc. (NASDAQ: MGRX) which has been gaining momentum since announcing its sponsorship of BarStool Sports’ sex podcast – Only Stans. This move reflects MGRX’s thorough understanding of marketing strategy because it precisely targets its target audience while utilizing a growing...

Penny_Stocks_Today

As things stand Beyond Meat, Inc. (NASDAQ: BYND) is on many investors’ radars due to its short squeeze potential. That said, a short squeeze may be unlikely due to two overarching reasons. The first is simply that the stock lacks a catalyst and the second is waning interest in vegan meat. If BYND remains in its current trajectory then it is highly likely that the...

Penny_Stocks_Today

The AI lending giant Upstart Holdings, Inc. (NASDAQ: UPST) is up more than 150% since last month due to a short squeeze after sharing positive Q1 earnings. Considering the improving macro environment, UPST stock can continue squeezing especially with the Fed potentially pausing rate hikes this year. With the FOMC meeting scheduled for June 13th and 14th, UPST...

Penny_Stocks_Today

Recently Infobird Co., Ltd (NASDAQ: IFBD) experienced a substantial increase in popularity due to its position as a low float AI stock post Advanced Health Intelligence Ltd. (NASDAQ: AHI) climbing more than 1000%. IFBD’s rise in popularity is simply due to the fact that it is a prominent Chinese AI stock and a possible sympathy play candidate. In this way, IFDB...

Penny_Stocks_Today

The world of digital therapeutics is not a new one as there are more than 350 thousand digital therapeutics apps out there. In order to succeed in this highly competitive market, an app needs to provide a unique edge. One such edge can be found in Better Therapeutics, Inc.’s (NASDAQ: BTTX) BT-001 which provides specialized type 2 diabetes-oriented tools. BTTX’s...

Penny_Stocks_Today

Already up 311% YTD, Carvana Co. (NYSE: CVNA) could be on track to continue its impressive run thanks to its recently announced Q2 financial outlook which is better than expected. Following the release of the improved financial outlook CVNA stock soared more than 64%, however, the stock recently lost 21% due to analysts’ suspicions that the improved Q2 forecast...

Penny_Stocks_Today

Over the course of the last few days MicroVision, Inc. (NASDAQ: MVIS) stock has garnered a lot of social media attention after it skyrocketed more than 100%. As things stand, MVIS stock recently broke its $6 resistance and is continuing to move along its upward trajectory while its short interest continues increasing. In light of this, MVIS appears to be a prime...