Why These Robinhood Penny Shares May Be Value Watching
Should you’ve invested in penny shares or blue chips up to now few months, you probably have seen simply how unstable issues are. And, immediately isn’t any totally different than that time-frame. On Tuesday, July thirteenth, shares fell with the S&P 500 correcting from a current all-time excessive.
Proper now, the sentiment appears to be blended with elevated Covid instances and inflationary information displaying the very best client costs since mid-2008. This inflation was anticipated, and continues to be the spine of uncertainty within the inventory market.
However as at all times, penny stocks don’t wish to play by the foundations. And which means that even in days of general bearish buying and selling, many on the list of penny stocks, will climb considerably as a result of one issue or one other.
It’s at all times troublesome to foretell which these will likely be, nonetheless, with some cautious analysis, it may be a lot simpler to infer the winners from the losers. And, if we think about that so many merchants are buying and selling penny stocks on Robinhood, we add one more layer of market volatility.
Moreover, with one other earnings season occurring proper now, we may proceed to see bouts of each excessive beneficial properties and corrections throughout the inventory market. So, with all of this in thoughts, let’s check out 4 penny shares which are trending on Robinhood proper now.
4 Robinhood Penny Shares to Watch Proper Now
- Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
- Farmmi Inc. (NASDAQ: FAMI)
- B2Gold Corp. (NYSE: BTG)
- Ault International Holdings Inc. (NYSE: DPW)
Oxbridge Re Holdings Ltd. (NASDAQ: OXBR)
On July thirteenth, shares of OXBR inventory surged by round 6%, earlier than taking pictures up by an enormous 60% in after-hours buying and selling. This places Oxbridge proper at over the $5 mark, pushing it nearly out of penny shares territory. So, why precisely did OXBR inventory shoot up a lot immediately?
Nicely, the reason being fairly clear and got here with an announcement a couple of minutes after the market shut. On July thirteenth, Custodian Ventures LLC, filed a Schedule 13D, asserting an acquisition of just about 10% of the peculiar excellent shares of OXBR inventory.
“We now have made a major funding in Oxbridge Re as a result of we imagine the Firm presents shareholders an thrilling alternative for significant worth creation. I look ahead to persevering with to constructively interact with administration and the Board of Administrators to actively discover potential strategic choices to maximise worth for all Oxbridge Re shareholders.”
The CEO of Custodian Ventures, David Lazar
It’s at all times huge information when an establishment takes a large maintain in an organization. However, on condition that this stake is sort of 10%, it is sensible that OXBR inventory shot up a lot throughout after hours. Whereas that is largely a speculative achieve, it does point out institutional bullishness in Oxbridge inventory proper now. So, whether or not OXBR deserves a spot in your watchlist is as much as you.
Farmmi Inc. (NASDAQ: FAMI)
This subsequent penny inventory, Farmmi Inc., is an organization that we’ve mentioned loads of occasions up to now few months. For some context, Farmmi processes and sells edible fungi merchandise reminiscent of shiitake and mushrooms. Its different merchandise embrace bamboo fungi, hericium erinaceus, and lots of others. Along with this, it exports dried shiitake mushrooms and dried black fungus, which has turn out to be an enormous market up to now 12 months or so. These merchandise are then offered to shops, eating places, and distributors worldwide.
On the finish of June, the corporate obtained a brand new product export order from Vancouver. This order for Farmmi’s dried black fungus is anticipated to convey each a brand new marketplace for Farmmi, and a considerable income stream. The CEO Yefang Zhang mentioned, “Our stage of buyer engagements continues to increase as we add additional worth with our main packaging and logistics to make sure product high quality, taste, and decrease expensive waste.”
This announcement added to the checklist of product orders Farmmi has obtained over the previous couple of months. On the day of July 13th, FAMI inventory is up by round 2.5% available in the market. Regardless of some tumultuous value motion, many traders are placing an in depth eye on FAMI inventory. Conserving this in thoughts, will FAMI be in your checklist of penny shares to observe?
B2Gold Corp. (NYSE: BTG)
Mining penny shares like B2Gold Corp. have had an fascinating 12 months and a half. Many mining shares reached new report highs in 2020 after the pandemic took maintain. Gold and silver reached new value data, which in flip brought about many associated shares to do the identical. B2Gold Corp. is among the firms that skilled a number of this momentum. So, for some context, let’s speak about what B2Gold Corp. does within the mining business.
B2Gold Corp. is as its identify suggests, a gold producer that operates quite a lot of mines. This contains mining operations within the Philippines, Namibia, and Mali. It has extra Pursuits in analysis and exploration property in different international locations as effectively.
Previously few weeks, B2Gold Corp. has not launched any company-specific information. However, it’s price noting that BTG inventory will typically transfer up or down with the value of gold itself. On the day of July 13th, BTG inventory elevated by 1.27%. On the identical day, the value of gold elevated by 0.04%. Now, traders are ready for both the subsequent huge announcement from B2Gold Corp. or a big value motion with gold itself. With this in thoughts, will you be including BTG to your checklist of mining penny stocks to observe?
Ault International Holdings Inc. (NYSE: DPW)
Ault International Holdings Inc. is an industrial penny inventory that designs, develops, and manufactures energy system options. The corporate then sells these merchandise to these within the medical and navy sectors. Its merchandise embrace energy provide merchandise, energy conversion, distribution gear, and way more. These merchandise are offered each independently and thru distributors.
On July 13th, Ault launched its preliminary second-quarter monetary outcomes for 2021. The corporate reported income of $62 million, which is a staggering 1048% enhance 12 months over 12 months. Its revenue earlier than taxes was $44 million in comparison with a $1.4 million loss the earlier 12 months. $300,000 of Ault’s income comes from cryptocurrency mining because it resumed operations in March 2021. This large enhance in its income is the principle cause that shares are transferring up proper now, and understandably so.
“Our preliminary monetary leads to the second quarter of 2021 mirror energy of our lending and buying and selling actions at DP Lending, our monetary companies subsidiary.
We imagine our present lending and investing pipeline is robust and if the market circumstances for investing in small cap shares stays sturdy, the long run prospects for the Firm are extraordinarily promising. We see energy throughout all our subsidiaries and count on to allocate extra capital to our lending and funding platform within the third quarter.”
Ault’s Founder and Govt Chairman Milton “Todd” Ault, III
By finish of day, DPW inventory shot up by round 5% after which one other 2.5% in after hours July 13th. Contemplating the above data, will you add DPW to your checklist of penny shares to observe?
Which Penny Shares Are on Your Watchlist Proper Now?
Discovering the best penny stocks to buy is all about understanding the place the market is headed. With Robinhood penny stocks, this may be a lot simpler given the fixed stream of reports that’s on the market.
The perfect investor will at all times be the one with probably the most data readily available, and within the digital age, each dealer has entry to all the knowledge on the earth. So, with this in thoughts, which penny shares are in your watchlist proper now?