Making a list of the best penny stocks to buy in July can be difficult. With so much impacting the market and major volatility, it is difficult to predict where certain penny stocks will be headed. However, if you put an ear to the ground and consider how certain events will impact either specific penny stocks or industries, it can become much easier. If you’ve invested in penny stocks in the past, you likely know how speculative they are.
Any stocks under $5 are likely to make large intraday moves (either up or down) based on either small or large events. This means that as investors, we need to stay ahead of the game and use any information we have to gain an advantage. So, while this volatility is likely not going anywhere anytime soon, in the meantime, we can use it as a strategy. With all of this in mind, let’s take a look at seven top penny stocks to check out if you’re making a watchlist right now.5 Penny Stocks to Watch Right Now
- Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
- Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Powerbridge Technologies Co. Ltd. is a tech penny stock that provides software application and technology solutions. Its services, primarily offered in China, include Trade Enterprise, Trade Compliance, Powerbridge System Solutions, and more. One attention-grabbing part of its business is the Powerbridge Blockchain-as-a-Service section. All of its products serve sales, government, logistics, and many other types of businesses. But, with its entrance into blockchain, PBTS is receiving more attention than usual.
Powerbridge Technologies has not released any recent company-specific news. So you may be wondering, why is PBTS stock increasing so much in the market? This is a company that has now been dubbed a “meme stock”. Meme stocks are usually companies that have major volume increases as a result of social media. Powerbridge has been frequently mentioned on Reddit, and specifically, popular subreddits such as r/RobinHoodPennyStocks.
On July 6th, PBTS stock was at $3.05 per share, up 69% on the day. Just 5 days ago, this penny stock was at $1.51 per share on average. The company’s volume is more than 40 million when its average is about 2 million. With all of this in mind, will PBTS stock make your watchlist this week?Vinco Ventures Inc. (NASDAQ: BBIG)
The next penny stock on this list, Vinco Ventures Inc., is a consumer product investment company. It researches, develops, manufactures, sells, and fulfills its products, making it more or less a vertically integrated company. Vinco’s product lineup includes toys, plush, houseware, electronics, and more. These are then sold to retailers, distributors, and manufacturers through e-commerce. Vinco also sells personal protective equipment to governmental agencies, hospitals, and distributors.
On June 24th, the company announced a ‘spin out’ of Emmersive Entertainment as its own standalone publicly traded entity. This is expected to take place in the third quarter of 2021.
“The technology that Emmersive continues to develop is I believe, industry-changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial ‘two bites of the apple.’ We look forward to what Brian and the team can build and have full confidence in their ability to execute.”The Chief Executive Officer of Vinco Ventures, Christopher Ferguson
6 months ago BBIG stock was at $1.35 per share, and it is now at $3.85 per share. With this in mind, will it make your watchlist this month?Citius Pharmaceuticals Inc. (NASDAQ: CTXR)
Biotech penny stocks like Citius Pharmaceuticals Inc. have been performing extremely well in the market recently. This company in particular develops and commercializes critical care products. Its main lineup includes anti-infectives, cancer care products, prescriptions, and mesenchymal stem cell therapy. On July 1st, Citius announced a positive recommendation by the independent data monitoring committee to continue its MinoLok Phase 3 Trial.
“This marks the third recommendation by the DMC supporting the continuation of the Mino-Lok® trial. With each DMC review, the hurdles to meet our protocol-defined criteria for safety and superior efficacy increase.
Consequently, this favorable outcome indicates that based on our pre-defined parameters, it would be possible to achieve our primary endpoint by continuing the trial as planned, and is an encouraging signal when combined with the results of our prior studies.”The President and CEO of Citius Myron Holubiak
6 months ago, CTXR stock was at $1.10 per share on average. Now CTXR stock is at $2.15 per share as of July 6th. This does follow a recent mid-June uptick which brought it up to as much as $4.12 per share. After a few weeks of normal corrections, shares are slowly beginning to show positive momentum. Its trading volume is also about double its average right now. So will CTXR make your list of penny stocks to watch in July?Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN)
Another biotech penny stock, Diffusion Pharmaceuticals Inc., is also seeing solid recent momentum. This is a biotech company that creates novel therapies for enhancing the body’s ability to deliver oxygen. Its lead product candidate is Trans Sodium Crocetinate which enhances the diffusion of oxygen to tissues. This is also being used to treat people with COVID-19.
On June 30th, Diffusion announced that its Trans Sodium Crocetinate has shown encouraging effects. Transcutaneous oxygen monitoring was used to measure the direct pharmacodynamics effects of TSC on peripheral tissue oxygenation in healthy volunteers.
“We believe the data further clarify TSC’s exposure-response relationship and successfully build on our clinical development strategy. These data will inform study design for upcoming trials and our ongoing investigation of the timing of administration to maximize clinical efficacy.
We also believe the TCOM data complement recent data obtained from our COVID-19 trial and further support our ongoing execution of our three well-controlled Oxygenation Trials, where each study is uniquely designed to differentially investigate TSC’s novel mechanism of action.”The Chief Medical Officer of Diffusion Pharmaceuticals, Chris Galloway M.D.
Considering this, will you add DFFN to your penny stock watchlist noting the above trial advancements?Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
Seanergy Maritime Holdings Corp. is an industrial penny stock that is increasing in market value right now. SHIP engages in the seaborne transportation of dry bulk commodities. The primary commodities it transports are iron ore and coal. It operates a fleet of 11 Capesize vessels with a cargo-carrying capacity of 1,926,117 deadweight tons as of February 19th, 2021. On June 10th, the company took delivery of two Capesize vessels with prompt commencement of period charters.
“We are also excited to initiate business relationships with two additional reputable charterers. Including these deliveries, 87% of our operating fleet is employed under advantageous medium to long-term charters.
At the financing front, we have secured competitively-priced financings for our recent vessel acquisitions, as previously announced, which will further enhance our strong liquidity position and reduce the Company’s average cash interest expense.”The Chairman and CEO of Seanergy Maritime, Stamatis Tsantanis
Shipping companies have been on fire in recent months, as international trade has begun to pick up once again. 6 months ago SHIP stock was at under $0.60 per share on average. As of July 6th, SHIP stock is at $1.06 per share on average. Its volume is also very close to its average on the same day. This has made SHIP a very interesting penny stock to investors. So will it make your penny stocks watchlist right now?2 More Penny Stocks to Watch Right Now Which Penny Stocks Are You Watching Right Now?
Making a list of penny stocks can be challenging, but with the right information at hand, it can be accomplished. Using all of the resources at your disposal, investors can produce a watchlist that rivals even the most experienced traders out there.
And with hundreds of to watch, learning how to trade penny stocks will help to separate the winners from the losers. So, with the market moving in a very volatile direction right now, which penny stocks are you watching in July 2021?