Hot Reddit Penny Stocks to Buy? Check these 3 outputs
3 Underground Reddit Penny Actions You Should Know About
Finding penny stocks on Reddit can be a valuable way to start making a watch list. However, it should be noted that using Reddit is not the only aspect to consider in your penny stock list. Instead, investors should consider a wide range of fundamentals, including news, balance sheets, analyst recommendations, and any other information you can find about a company.
However, with the influx of traders on Reddit, using social media as a way to compile trending penny stocks is beneficial for everyone. When learning how to invest in penny stocks, a few key facts can keep you from being in the red.
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The first is whether or not you have a background in trading. This is something that can be found online and an often overlooked aspect of trading. But, like anything else, making money with penny stocks is not an easy or overnight process. It takes time and dedication. If you’re unfamiliar with Reddit, it’s the popular social media platform with thousands of sub-Reddits or communities to talk about every topic imaginable.
Over the past year or so, many investors have gathered on subreddit like r / WallStreetBets to talk about trading, potential penny stocks to invest in and all things related to the stock market. For this reason, it can be easy to find companies that you might not be familiar with otherwise.
And, because the news affects penny stocks so heavily, it could be a valuable tool to consider. With that in mind, let’s take a look at three Reddit penny stocks with some big news today.
3 Reddit Penny Actions To Watch Out For
- Intec Pharma Inc. (NASDAQ: NTEC)
- Cinedigm Corp. (NASDAQ: CIDM)
- Ambev ADR (NYSE: ABEV)
Intec Pharma Inc. (NASDAQ: NTEC)
Up about 50% on Monday May 10, it’s Intec Pharma Ltd. In a certain context, Intec Pharma operates as a clinical stage biopharmaceutical company. It develops drugs using its proprietary Accordion Pill platform, which is an oral drug delivery system.
This system allows the compounds to be delivered to the body with improved safety and efficacy. To do this, it uses efficient gastric retention and release mechanisms. Its flagship product is currently known as Carbidopa / Levodopa, which has completed a Phase 3 trial for the treatment of Parkinson’s disease.
While no specific news has been released from NTEC today, this gain is likely due to its after-hours quarterly earnings announcement. About a month ago, Zacks said he expects the company to post EPS of ($ 1.08). This would represent 32.5% year-over-year growth.
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We must therefore consider that this gain is currently more speculative than anything else. And this tends to be common with biotech stocks because they are extremely volatile and dependent on news. So, although no balance sheet has yet been released, investors are looking forward to it in the coming hours.
Additionally, we have seen many biotech pennies soar significantly today, which could also contribute to NTEC’s big gain. With all of this in mind, is Intec Pharma worth watching?
Cinedigm Corp. (NASDAQ: CIDM)
Cinedigm Corp. is a penny stock that we have been hedging for some time. If you are not familiar, Cinedigm is a digital entertainment provider. The company claims that hundreds of millions of users consume its content regularly and around the world. It provides everything from premium content to streaming channels and tech services. Its products are purchased by media, technology and retail companies around the world.
Recently, the company announced record advertising revenue from the deployment of its Amagi advertising solutions. This comes alongside the partnership with Amagi which he announced simultaneously. Amagi provides software called Thunderstorm 2.0 which enables automatic ad detection and OTT dynamic ad insertion.
This in turn creates massive monetization potential for companies that use Cinedigm’s services. Cinedigm states that when deploying this software, the company saw a 47% increase in advertising revenue.
“As a long-time partner of Amagi, we continue to work closely with Amagi to utilize their technology in our portfolio of ad-supported streaming channels.
As the dominant linear playback technology platform in the OTT space, Amagi has developed cutting-edge technology, but also remains receptive to the business needs of partners like Cinedigm who seek to push the technology further to continue to maximize the revenue potential in this rapidly growing segment of the entertainment industry. ”
Tony Huidor, SVP of Products and Technology at Cinedigm
Due to the focus on entertainment stocks during the pandemic, Cinedigm remains one of the top penny stocks to watch. As a result of this announcement, investors are showing increased interest in CIDM stock. Whether it deserves a place on your watch list is up to you.
Ambev SA (NYSE: ABEV)
Ambev SA is considered a reopening penny stock as it benefits from the lifting of home orders globally. It should also be noted that the company has benefited from the pandemic as a supplier of alcoholic and non-alcoholic beverages. In its first quarter earnings report released a few days ago, the company posted better-than-expected numbers.
In the quarter, revenues jumped a solid 27.8% to $ 3.15 billion. That’s much more than analysts’ forecast of $ 2.55 billion. In addition, the company’s adjusted EBITDA increased nearly 24% to $ 1.01 billion, with EPS reaching $ 0.03.
While his home country, Brazil, still faces the challenges of the pandemic, it appears Ambev is in great shape by mid-2021. As stated earlier, this is largely due to the fact that it is an alcohol producer. In good times and bad, alcohol, cigarettes and other “stress relievers” tend to do well.
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People drink when times are tough, and they drink when there is a party going on. Because of this, Ambev has managed to survive and thrive over the past year. The only problem the company could face is a production halt, but that seems highly unlikely at this time.
So, to truly view ABEV as a penny stock to watch, investors need to watch the case numbers in Brazil, to determine where the country can go. But for now, it deserves a spot on your watch list.
Reddit Penny Stocks Keeps Flying High
With DogeCoin going to the moon and Reddit continuing to tout new penny stocks to buy, the stock market is an interesting place right now. But with so much going on, it can be hard to keep it all up.
So creating a strategy and sticking to it is the best way to feel confident about your stock watch list. And with Reddit penny stocks flying high, the options are almost limitless. Considering all of this, are these subtitles worth it?