Reopening penny stocks are some of the hottest small-caps that investors have been watching over the past year and a half. With the pandemic still in full swing, there are plenty of penny stocks that have been able to benefit. And, while case numbers are increasing, investors are searching for companies that have the potential to gain as a result of long-term case drops. This includes sectors such as retail penny stocks, tech penny stocks, biotech stocks, and more.[Read More] 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80
But as always, it’s critical to think outside of the box and understand how the pandemic could impact certain industries. This is the best way to stay ahead of the competition and potentially make profits with penny stocks. In addition, investors should understand the long-term prospects for the company outside of the pandemic. And lastly, all traders should fully consider what type of trader they are, and how that plays into their investing strategy. With all of this in mind, here are three reopening penny stocks to watch in August 2021.3 Hot Reopening Penny Stocks For Your Watchlist Express Inc. (NYSE: EXPR)
While the pandemic may still be ongoing, over the past few months, customers have felt more comfortable with shopping in person. And for this reason, many retail penny stocks have benefited greatly. One of the more interesting retail companies that you’ve likely heard of is Express Inc. EXPR is a popular American fashion brand that caters to both men and women alike. As of 2020, it has over 600 stores in both the US and other countries.
It additionally offers products to those who prefer online shopping with its easy-to-use website. As an e-commerce platform and a physical shopping-based business model, Express Inc. can capture demand from several facets of the retail market. And while there is no doubting the impact of the pandemic on EXPR and retail as a whole, it looks like the company is working hard to succeed.
“We have definitely seen a resurgence in what you would call historically wear-to-work categories. We saw an inflection point in our business at Easter when vaccinations were continuing to roll out pretty aggressively throughout the country and restrictions were beginning to lift. And the wear-to-work and occasion-based business certainly have had a steady resurgence after that inflection point.”CEO of Express, Timothy G. Baxter
If we look at the trajectory of Covid in the U.K., we see a steep decline in Delta-related cases only weeks after it began. While it’s difficult to say for sure whether the U.S. will follow this path, it is encouraging. And, if cases do begin to decline again, we could see a further resurgence of retail demand in the country. With in-person restrictions hopefully coming to an end, is EXPR stock worth considering for your August watchlist?Uxin Ltd. (NASDAQ: UXIN)
Another penny stock that is showing sizable momentum right now is Uxin Ltd. In the past six months, shares of UXIN have shot up by a staggering 210% to its current price of around $3.70. For some context, Uxin Ltd. company operates in the used car sector, selling high-quality and reliable vehicles to customers domestically. UXIN is based out of China and deals nationwide, providing a one-stop-shop for online and in person customers. It offers both professional consulting and helps users with title transfers, shipping, and cross-country vehicle transportation.[Read More] Best Biotech Penny Stocks For Your Small-Caps Watchlist Right Now
During the pandemic, we’ve witnessed a major shortage of microprocessors and computer chips. This has resulted in a large shortage of new cars as well. And with simple supply and demand, we see that UXIN is in an advantageous market position right now. Over the past year or so, Uxin Ltd. has facilitated the sale of many vehicles using its online platform.
By providing a fast, efficient, and trustworthy way of buying and selling cars, many consumers in China have found Uxin to be the go-to place for all things car-related. In addition, its substantial gain illustrated above shows that there is a lot of bullish sentiment surrounding UXIN stock right now. So, with all of this in mind, is Uxin Ltd. worth adding to your reopening penny stocks watchlist right now?Boxlight Corp. (NASDAQ: BOXL)
One of the fastest-growing areas of the reopening environment has been on ed-tech penny stocks. With people at home more than ever over the past year and a half, many education institutions have looked to new technology to help the educate-from-home phenomenon. And one company with a wide breadth of offerings in this area is the penny stock Boxlight Corp.
As a company, Boxlight aims to develop interactive tech solutions using its Clevertouch and Mimio brands. BOXL is a leader in the market of interactive displays, collaboration software, professional services, and supporting accessories. Its impressive track record has many investors watching it as a reopening penny stock right now. Recently BOXL announced a new podcast called: Success Stories in Professional Development During COVID. Representatives from the company spoke with Larry Jacobs from American Consortium for Equity in Education about Boxlight’s dedication to teacher support during COVID.
Additional topics covered included the aid it has given to the professional development of teachers in the Pheonix Union High School District. Krista Walker stated “We invest in those who’ve invested in us. We thrive on those relationships.” While this in itself is not a major deal for BOXL stock, it does show that the company is committed to offering the best educations services it can. Considering all of this, do you think that BOXL is worth adding to your watchlist?Are Reopening Penny Stocks Worth it or Not?
Finding the best reopening penny stocks is all about understanding which way the market is moving, and the trajectory of the pandemic. With so much going on at once, it can be difficult to keep up with both of these.
[Read More] 3 Tech Penny Stocks To Watch In August 2021
However, if you dedicate yourself to research and understanding where the market is headed, it can be much easier to make money with penny stocks. Considering all of this, are reopening penny stocks worth it or not?