3 Penny Stocks to Add to Your Watchlist Right Now
With another week of trading penny stocks and blue chips coming to an end, there is plenty for investors to be excited about. As a result of both uncertainty and bullishness in the stock market right now, investors continue to search for the best penny stocks to buy. Now, to do so involves having a thorough understanding of what factors are impacting stocks and how to take advantage.
Because penny stocks are so volatile, news, events, and industry-wide announcements will often have a large and material effect on how penny stocks trade. And for that reason, staying up to date with what’s going on in the world can vastly increase your chance of profitability as an investor. Considering all of this, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks to Watch in December 2021
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a tech penny stock that has risen by over 8% in the past five days. This is quite substantial considering the larger market trajectory during that time. If you’re not familiar, this company offers an integrated software platform to corporations. The software allows its customers to engage, manage, and monetize their mobile app portfolios. Its products include cloud-based mobile software, content management, alerts, and location-based services.
On November 22nd, the company announced that it has acquired more Bitcoin. In total, its Bitcoin purchase came out to 398 BTC which cost $23.8 million in cash. The average price of the purchases was about $59,917 per bitcoin including fees and expenses. Now the company holds a total of 529 BTC which were bought for an aggregate of $31.8 million and an average purchase price of $60,191 per bitcoin.
In other recent news, the company’s multiscreen-as-a-service platform is now available on the Amazon Web Services platform. The AWS Marketplace is a digital catalog with thousands of software listings that makes it easy to find, test, buy, and run software.
“We are thrilled to work with AWS and leverage over a decade of industry experience in order to help enterprises drive digital transformation in a mobile-first world”.
The COO of Phunware, Randall Crowder
Right now, there is a sizable amount of bullish momentum with tech penny stocks and the tech industry in general. Noting these recent advancements, will PHUN be on your penny stock watchlist?
Express Inc. (NYSE: EXPR)
Express Inc. is a popular retailer of apparel that has a broad range of clothing offerings for both men and women. These products are sold at it its retail stores and on its website Express.com. As of January 30th, 2021, the company had 570 stores in 46 states and Puerto Rico. This is a company we’ve mentioned before because of…