Finding the most active penny stocks is a great way to find potential winners in the stock market. However, there are plenty of other factors to consider when making your decision. But before we get into that, let’s look at stock market activity and how to find the most active penny stocks.
The best metric of how actively a penny stock or blue chip is trading is volume. Volume is the number of shares of a stock that have traded hands on a given trading day. This means that if volume is high, more people are buying or selling a stock and vice versa.How to Find the Most Active Penny Stocks to Watch
While volume is a great indicator of activity, it can also be a great indication of how popular a stock is. If tens of millions of shares are traded in a day and a stock has an average volume of only a few hundred thousand, there is likely news or an outside influence that is affecting it. However, volume can also indicate sizable negativity, as sell orders are also counted in the tally.[Read More] Hot Tech Penny Stocks Under $1 To Watch Right Now
Aside from volume, investors should put in the time to research a company as much as they can. This means understanding its business prospects, its financial data release schedule, what its fundamentals are, and so on. This information will help to indicate when momentum can be expected.
With hundreds of penny stocks to choose from, using your research skills will help you to have the greatest chance of making money with penny stocks in the end. Considering this, let’s take a look at four of the most active penny stocks to watch right now.4 Penny Stocks With High Trading Activity Right Now
- SOS Limited (NYSE: SOS)
- Bridgeline Digital Inc. (NASDAQ: BLIN)
- Atossa Therapeutics Inc. (NASDAQ: ATOS)
- Camber Energy Inc. (NYSE: CEI)
SOS Limited is a penny stock that we have discussed plenty of times over the past few weeks. And with a YTD gain of over 70%, SOS could have a lot to offer potential investors. If you’re unfamiliar, SOS Limited offers data mining and analysis services to its customers around the world. These products include marketing services, tech, and solutions for insurance companies.
SOS also operates a cloud emergency rescue service software as well, for medical rescue, auto rescue, and other situations where typical rescue operations cannot take place. In the past year or so, SOS has moved into the cryptocurrency industry due to its potential in both the short and long term.
On September 10th, the company reported its interim financial results for the first six months of 2021. The company’s net revenue totaled $184.5 million during this period, which is 17 times higher year over year. Its gross profit and gross margin both increased year over year as well. When it comes to its cryptocurrency mining operations, the company has mined an aggregate of 132.1 BTC and 1,853.1 units of ETH as of June 30, 2021. Since March 31st, 2021, SOS has experienced a 213% increase in BTC and a 102% increase in ETH.
This is the latest update that has come from SOS Limited. With the major hype around cryptocurrency right now, it’s no wonder that investors are paying attention to SOS stock. And, because crypto and blockchain technologies are still both largely untapped, many investors believe in their long-term futures. Keeping this in mind, will you add SOS stock to your watchlist?Bridgeline Digital Inc. (NASDAQ: BLIN)
Brdigeline Digital Inc. is a penny stock that has climbed by over 34% and 61% in the past six months and YTD periods respectively. If you’re not familiar, Bridgeline is a digital engagement company that offers the Bridgeline Unbound Experience Manager. This is a marketing automation engine and content management system offered to users and companies. The service allows those who use it to create, edit, and publish content via a browser interface.[Read More] 5 Penny Stocks to Watch That Exploded Today, What You Need to Know
On August 30th, Bridgeline announced that it has expanded its investment in its Hawksearch BigCommerce Integration to expand its offering for BigComerce users. Bridgeline has invested in a dedicated Partner Resource and the development of new features to build its user base. Currently, there are more than thirty BigCommerce implementations of Hawksearch. Hawksearch is an AI-powered search, personalization, and recommendations app.
The CEO of Bridgeline Digital, Ari Kahn said, “We’re excited to strengthen our commitment to our BigCommerce partnership by developing new revenue growth opportunities for their user-base.” BLIN has seen steady growth over the past year or so. At the start of 2021, this penny stock was almost half the price that it is at right now. And with solid recent bullish momentum, many investors are paying attention. With this info in mind, will BLIN make your list of penny stocks to watch?Atossa Therapeutics Inc. (NASDAQ: ATOS)
Atossa Therapeutics Inc. is a biotech penny stock we have discussed several times in the past few months for a variety of reasons. Over the last six months, shares of ATOS stock have shot up by over 47% and YTD by over 270%. While gains like these are not unheard of, they are worth paying attention to.
If you haven’t yet heard of this company, let’s get you up to speed. Atossa is a pharmaceutical company working on a variety of drugs for infectious diseases and oncology purposes. Atossa states that it is involved in the discovery and development of these products. This differs from some biotech companies that license or directly sell products rather than manufacturing them.
Right now, Atossa is developing AT-H201 and AT-301 which are for treating people with COVID-19. This is one of the reasons that ATOS has received so much attention over the past year or so. And while there are a lot of Covid drugs being studied right now, companies working on treatments or cures continue to receive publicity.
At the start of this month, Atossa Therapeutics began with a strong announcement. The company received approval from the Swedish Ethics Review Authority to start a Phase 2 clinical study of oral Endoxifen. This product works to reduce mammographic breast density in breast cancer patients. This condition currently affects over 10 million women in the United States and many more around the world.
“With this ethics approval and the previously reported regulatory approval to conduct the clinical study, we plan to start enrolling participants in fourth quarter 2021.”Chairman and CEO of Atossa, Steven Quay
ATOS stock has experienced a lot of fluctuation in price and volume throughout September. It will be interesting to see what the company has in store next, and how that may impact its stock price. For now, will ATOS be on your penny stocks watchlist this week?Camber Energy Inc. (NYSE: CEI)
One of the bigger gainers of the day so far is Camber Energy Inc. By 3:15 PM EST, shares of CEI stock had climbed by over 30% to just under $2. This brings its one-month gain to a staggering 391%. For some context, Camber acquires oil and gas-related entities, such as Viking Energy and more.
As a result, CEI has a sizable amount of exposure to the energy industry. While its business model may have merit, the real reason that CEI stock has risen so much in that time is due to its placement as a meme stock. With a high short interest of around 10.5% as of late September, many retail investors have capitalized on CEI stock for its potential to be the next short squeeze stock. And with the major gain as illustrated above, it’s clear that it may have already hit its stride.
It’s important to view stocks like CEI with a grain of salt, however, as fundamentals do not often line up with speculation. But, if you are more risk-oriented, CEI Stock could be worth keeping an eye on. However, if you are a more conservative investor, it may be worth doing more research to see if CEI is right for you. Considering this, do you think that Camber Energy is worth adding to your list of penny stocks to watch?Which Penny Stocks Are You Watching Right Now?
Finding the best penny stocks to buy in 2021 is all about understanding the current state of the market. Although a lot is going on with both penny stocks and blue chips, using your trading strategy can help to avoid unnecessary losses. Considering all of this, which penny stocks are you watching right now?