Hot Penny Stocks To Watch Today
When it comes to finding quality penny stocks to watch, anyone with the right information at hand can do it. Creating a list of stocks might be easy, finding which ones might have the most value can be a little more time-intensive. But, the great thing about investing is that with the internet, any investor can be as informed as the best investors out there. At this point, you might be asking what to look for when searching for a penny stock to watch. And for that reason, you’ve come to the right place. There are a few things that every investor should know about a penny stock that they find interesting.
The first piece of information to find is a balance sheet. This information is widely available online, as every publicly-traded company is required to release it. Within this document will be everything from free-flowing cash to profitability and EPS. This information should help investors to discover what financial situation a company is in and what the company expects to change in the near future.
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The next step is to utilize press releases to see what the company is doing in the present day. While financial statements are usually retroactive, press releases are the most current data released from a company. With a good idea of a given penny stock, any investor can have a chance at becoming the best trader out there. All things considered, here are hot penny stocks to watch that traders are giving a second look.
Penny Stocks To Watch Today
- Blonder Tongue Labs Inc. (BDR Stock Report)
- Enservco Corp. (ENSV Stock Report)
- Mid-Con Energy Partners LP (MCEP Stock Report)
- Microvision Inc. (MVIS Stock Report)
- vTv Therapeutics (VTVT Stock Report)
Penny Stocks to Watch #1: Blonder Tongue Labs Inc.
Blonder Tongue Labs Inc. is considered to be the oldest manufacture of telecommunications technology in the country. For the past fifty years, Blonder Tongue Labs has worked out of New Jersey, producing and designing video transmission technology. This includes products for use with digital video, IPTV and high speed data services and more. During covid, companies like Blonder Tongue have received a lot of attention due to more people utilizing this tech than in many years prior.
Last month, the company announced its sales and financial results for the third quarter of 2020. In the period ended on September 30th, the company reported a decrease in net sales of around 21%. This represents $4,171,000 in total net sales for the third quarter of the year. In addition, the company brought in a net loss of around $0.18. While this may seem quite grim, it does make sense given the effects of covid on its business.
CEO of the company, Ted Grauch, stated that “our third quarter was dominated by the continuing effects of the covid pandemic. This included a very difficult July, as covid cases increased in late June through July across a broad area of the U.S., followed by a slow but steady and encouraging market improvement through August, September and into October.”
While covid is affecting BDR stock, it looks like the company has a positive outlook for the long term. Whether or not this makes it a penny stock to watch remains up to investors to decide.
Penny Stocks to Watch #2: Enservco Corp.
Enservco Corp. is considered to be an energy company with operations around the U.S. Within this, the company operates off of a very broad based business model. This means that it participates in oilfield services, hot oiling, acidizing and more. Enservco states that it has operations across some of the most oil rich areas of the U.S.
This includes Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Colorado, and more. With this, it is able to offer its services to a very broad range of oil and gas companies. On December 14th, shares of ENSV stock shot up by a solid 3% by EOD. While this is not a gain to write home about, it is significant for an energy company. In November, the company reported its Q3 financial results for the period ending on September 30th.
Within the results, the company announced that its refinancing measures helped to reduce debt by around $16 million in addition to adding $12.5 million in stockholder equity. In addition, the company brought in around $8.4 million in net income with a revenue of around $1.8 million. We have to consider that, as a part of the energy industry, Enservco definitely took a big hit from the covid pandemic. With oil and gas demand dropping down substantially, Enservco also saw its demand shoot down. But, with vaccine hopes on the horizon, can Enservco get back on its feet in the coming months?
Penny Stocks to Watch #3: Mid-Con Energy Partners LP
Mid-Con Energy Partners LP is one of the larger gainers of the day, pulling in around 28% in gains by EOD. While there wasn’t any specific news that caused MCEP stock to jump, it seems as though a lot of energy penny stocks shot up on vaccine hopes. For some context, Mid-Con Energy works as a developer and producer of oil and natural gas in the U.S.
The company has properties located around the country in Wyoming, Oklahoma and other states. At the end of 2019, the company reported that it had reserves of around 25.6 million barrels of oil equivalent. As we touched on earlier in this piece, energy companies saw a dramatic decrease in demand at the beginning of the year. Since that time, the majority of these businesses have worked to overcome covid related challenges.
Now, with a vaccine approved for emergency use in the U.S., companies like Mid-Con are hoping for an energy consumption boom in the near future. Now, it only makes sense that demand for energy would go up if covid gets better. One of the things to keep in mind is that there is no definitive timeframe for the end of covid. Rather, it seems as though it is still a waiting game to see how many hands the vaccine can get into. But, with the approval step in the past now, it is only a matter of time before covid cases begin to see a downward trend. And if all goes well, energy consumption could go up, leading to more potential positive sentiment for companies like Mid-Con Energy Partners. With this in mind, MCEP stock could be considered as a penny stock to watch by some.
Penny Stocks to Watch #4: Microvision Inc.
Microvision Inc. Is another big gainer of the day, pushing up by around 9 percentage points during trading on December 14th. The company works within the tech sector, producing everything from image capture software to 3D sensing technology. In the past month, shares of MVIS stock have shot up by almost 70%. In the past six months, shares have grown by a staggering 184% in value. So, what’s driving this massive price increase for MVIS stock? Well, one of the main reasons is Microvision’s position in the tech market. The company is working on the production of LiDAR sensors as well as similar technologies. This tech continues to see increased demand from the automotive market as sensing technologies continue to grow in popularity.
CEO of the company, Sumit Sharma, stated that “we expect that automotive industry standards will call for long range automotive LiDAR products to detect a target with 10% reflectance at 200 meters, which would give a LiDAR sensor the ability to detect a piece of tire on the roadway at that range and enable a vehicle to maneuver away from such hazards at highly speeds.”
With these sensors, there’s no doubt that demand will continue to go up if Microvisions products meet their high expectations. While it is still working on the research and development of these products, it looks like Microvision is ahead of the curve in this regard. With this in mind, investors can choose whether MVIS stock is a penny stock to watch or not.
Penny Stocks To Watch #5: vTv Therapeutics Inc.
VTv Therapeutics Inc. has seen a strong month of December so far. The last few days, however, have been some of the strongest. This surge came amid a series of headlines from the company. Late last week, VTv reported results from part 2 of its Phase 2 Simplici-T1 study of the company’s drug candidate TTP399. The treatment achieved its primary objective of a statistically significant reduction in HbA1c in diabetes patients. The company also caught a surge following a $1 million warrant exercise, which provided new funding to the company. The warrant-holders MacAndrews & Forbes already owned almost 35.4 million prior to this.
This week, momentum continued after news of a licensing agreement. If VTVT is on your list of penny stocks right now, here’s what you should know. VTv entered into the agreement with Anteris Bio. This gave Anteris worldwide rights to vTv’s clinical-stage Nrf2 activator compound, HPP971. They will focus on developping HPP971 as a new therapy treating renal disease. HPP971 will be renamed ANT-401.
The interesting part about Anteris is that it was a company formed by Aditum Bio. Aditum was co-founded by Novartis CEO, Joe Jimenez and the former President of Novartis Institutes for BioMedical Research, Dr. Mark Fishman. Assuming industry vets saw potential in HPP971 enough to license it, the drug development could be something to keep close track of.