Trending Penny Stocks You Need to Know About Before Next Week

3 Penny Stocks That Are Trending Right Now

If you’re looking for trending penny stocks to buy, you are definitely not alone. Most of those who trade penny stocks, spend time searching for small caps that may pop off as a result of their popularity. And this strategy extends into many facets of trading both blue chips and penny stocks. It’s not rocket science to figure out why penny stocks that are trending become popular among all types of investors.

Are Trending Penny Stocks Worth It?

For one, when a penny stock is seeing more attention and therefore more volume, often we will see a value spike. This has been the case with several stocks in the last six months including GME stock, SPRT stock, AMC stock, and more.

And while stocks that are trending tend to be highly volatile, this volatility can be an advantage for those that know how to use it. One of the difficulties with trading small-caps however, is finding ones that are worth it. This is where research and a trading education comes into play.

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On one hand, finding information that includes finances, balance sheets, any events that are upcoming and more, could help to indicate when the next big price move may be. And on the other hand, having an education that teaches you how to trade penny stocks, can put you miles ahead of the competition.

Because penny stocks move fast, being the first one on the scene will always be a major benefit. So, considering all of this, here are three trending penny stocks that you need to know about before next week.

3 Trending Penny Stocks to Watch in September 2021

1847 Goedeker Inc. (NYSE: GOED)
Cinedigm Corp. (NASDAQ: CIDM)
Aehr Test Systems (NASDAQ: AEHR)

1847 Goedeker Inc. (NYSE: GOED)

1847 Goedeker Inc. is a penny stock that shot up by over 8% by EOD. This brings its five-day gain to over 13% which is quite substantial. If you’re unfamiliar with GOED, it is a company that operates an e-commerce platform for furniture, fitness equipment, appliances, and more.

It also provides appliance installation services and old appliance removal. In addition to these products, 1847 Goedeker sells patio furniture and commercial appliances for builders and businesses. During the pandemic, the demand for the products that Goedekers sells has risen substantially. And as a result, this has been reflected in GOED’s balance sheet.

On August 12th, the company announced its second-quarter results for 2021. The company achieved combined proforma revenue of $140.1 million, increasing 53.1% year over year. The company’s combined proforma net income was $17.3 million, and combined adjusted EBITDA was $15.2 million. This is an exciting report and one that shows just how quickly GOED is growing.

“We believe our strong second-quarter proforma results reinforce the many operational benefits and synergies presented by the Appliances Connection acquisition. Now that the transaction is closed, we are well-positioned to scale and aggressively pursue our intermediate-term goal of achieving $1 billion in annual revenue.”

Doug Moore, the CEO, and Director of Goedekers

Since these financial results were released, GOED stock has increased in market value. Based on this information, will GOED make your list of penny stocks to watch right now?

Penny_Stocks_to_Watch_1847_Goedeker_Inc._(GOED_Stock_Chart)Cinedigm Corp. (NASDAQ: CIDM)

Cinedigm Corp. is an entertainment penny stock we have discussed frequently over the past few months. This company is a distributor and owner of movies, television, and other content. Its products are distributed to brands such as the NHL, the NFL, Hallmark, and more. It also distributes its content through streaming platforms like Apple and Amazon Prime. In the past year throughout the pandemic, consumers have shown a heightened demand for digital content. This has been a major benefit to CIDM and its business model.

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On August 24th, the company launched four of its most popular channels on The Roku Channel. The channels released on The Roku Channel are “Real Madrid TV”, “The Only Way Is Essex”, “So…Real”, and “El Rey Network”. The Roku Channel has been growing in users for a while now which is an exciting prospect for investors to consider.

“We are thrilled to help make such a variety of new channels that we know will appeal to each enthusiast audience available on The Roku Channel.”

The Senior VP of Revenue at Cinedigm

Since this announcement was released, CIDM stock has increased substantially in the market. On August 24th, CIDM stock was at $1.65 per share on average. Over the past month, shares of CIDM stock have shot up by over 10%. This brings its YTD gain to over 180% which is no small feat. With this in mind, will you CIDM stock to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Cinedigm_Corp._(CIDM_Stock_Chart)Aehr Test Systems (NASDAQ: AEHR)

Aehr Test Systems is a penny stock that just went up by over 7% at EOD on August 31st. If you haven’t heard of AEHR, it is a company that sells products to those in the semiconductor industry. Aehr is involved in the full process of design, engineering, manufacturing, and sale of these products. Primarily, Aehr creates test and burn-in equipment for this industry. This makes it a completely vertically integrated producer, which is something that investors love to see.

On August 31st, the company received its first order for its FOX singulated die test and burn-in system. Its initial orders totaled nearly $1.2 million from a new customer in China. This first-order includes a FOX-NP wafer system and multiple DiePak Carriers. This new customer will also provide contract manufacturing services to an existing customer of Aehr Test.

“A key capability that this customer uses on our FOX system and DiePaks is our ability to make very low current measurements per device, such that we can directly measure dark currents in the optical outputs, as well as to measure extremely small shifts in the threshold current per device both before and after burn-in on our system directly.”

President and CEO of Aehr Test Systems, Gary Erickson

Following the announcement, AEHR stock is up 7.5% on the same day. Keeping this information in mind, will AEHR make your penny stocks watchlist in 2021?

Penny_Stocks_to_Watch_Aehr_Test_Systems_(AEHR_Stock_Chart)Which Trending Penny Stocks Are You Watching?

Finding the best trending penny stocks to buy can be a difficult challenge. But, with the proper research and trading education by your side, it can be much easier to make money with penny stocks.

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Considering this, there are hundreds of options when it comes to finding trending stocks. So, make your decision carefully, and understand fully what the company does and what its prospects are. With all of that in mind, which trending penny stocks are you watching right now?

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