4 Penny Stocks For Your Watchlist Right Now
With a new month around the corner, there are plenty of penny stocks that investors are watching right now. This includes a specific spotlight on tech and biotech penny stocks. One thing to consider when investing in penny stocks in 2021 is the trajectory of the pandemic. With the Delta variant causing new cases around the world, many are shifting toward reopening penny stocks.
While this is not across the board, it is something to consider. So, as we move toward August, it may be time to align your strategy with the current state of the pandemic. This means considering which stocks may benefit, and which may have a long-term future to profit from. With this in mind, here’s four penny stocks that you need to know about right now.
4 Penny Stocks For Your July-End Watchlist
- Intec Pharma Ltd. (NASDAQ: NTEC)
- 1847 Goedeker Inc. (NYSE: GOED)
- 9 Meters Biopharma Inc. (NASDAQ: NMTR)
- Oragenics Inc. (NYSE: OGEN)
Intec Pharma Ltd. (NASDAQ: NTEC)
Intec Pharma Ltd. is a biotech company that creates drugs on its Accordion Pill platform. The Accordion Pill platform is an oral drug delivery system to make drugs safer and more efficient. Recently, the company announced that the Accordion Pill Carbidopa/Levodopa clinical trial has completed Phase 3 to see its efficacy in treating Parkinson’s disease. It is using its technology to treat other conditions as well, such as insomnia and ulcers.
The last update from the company was back in March when it announced a merger agreement with Decoy Biosystems. This was big news, but there has not been much talk of the merger since then. So, what is there to explain NTEC’s recent momentum? NTEC stock could potentially be moving upwards because of the biotech industries recent momentum as a whole. There are a lot of biotech penny stocks performing well right now. Sometimes this momentum can carry over to other companies in the sector.
On the day of July 22nd, this penny stock is up 3.30% in the market. Its volume is over 7 million compared to an average of nearly 1.4 million. 5 days ago, NTEC stock was at $3.32 per share and it is now at $3.70 per share. With this info in mind, will you add NTEC to your penny stock watchlist?
1847 Goedeker Inc. (NYSE: GOED)
1847 Goedeker Inc. is a penny stock that operates an e-commerce platform. The company sells fitness equipment, home appliances, indoor and outdoor furniture, and many other types of products. In addition to its e-commerce business, the company provides installation and removal services for its various appliances. The services that GOED provides have become extremely popular during the pandemic. With people at home with time to work on their houses, more have chosen to complete remodeling opportunities.
On July 14th, an important update was released from 1847 Goedeker Inc. The company…