Best Penny Stocks To Buy Now? 3 For This Week’s Watchlist

Are These 3 Penny Stocks on Your Watchlist This Week?

If you’re making a list of penny stocks to watch this week, you are not alone. Right now, the sheer volatility of the stock market means that planning ahead is your best choice to make money with penny stocks. And although this is easier said than done, there are plenty of ways to make your watchlist competitive with the best traders out there. The first and most obvious step is research. While this may seem obvious, it is easy to invest in stocks simply because they are trending online, without doing any further investigation. 

However, having a thorough understanding of a company and what it does, will help you to predict potential price action. The next step is to take a deep dive into the speculative aspects of a penny stock. This means understanding what events are coming up, whether they be industry or company-specific. Events will always have a speculative effect and with penny stocks, this can lead to high volatility. 

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Examples of events to look out for include balance sheet reports, conventions, announcements of new products, and so on. While this is not an extensive list, it should help to illustrate the importance of considering speculation with penny stocks. So, keeping all of this in mind, let’s take a look at three penny stocks to add to your late September watchlist. 

3 Penny Stocks For Your Late September List 
  1. NanoVibronix Inc. (NASDAQ: NAOV
  2. Ideanomics Inc. (NASDAQ: IDEX
  3. BEST Inc. (NYSE: BEST
NanoVibronix Inc. (NASDAQ: NAOV)

NanoVibronix Inc. is a penny stock that has climbed by over 90% and 145% in the past six months and YTD periods respectively. These are sizable gains and reflect the company’s business model and the biotech industry. If you’re unfamiliar, NanoVibronix is a biotech company that manufactures and sells products for biofilm prevention, wound healing, and pain therapy. The products sold by NanoVibronix are noninvasive biological response-activating devices. One of its main products is UroShield, which is an ultrasound product for preventing bacterial colonization and biofilm in catheters.

On September 14th, the company extended its line-up of pain management products. The company is launching a new transdermal gel that has Nano-Cannabidiol (CBD) to treat joint pain and reduce inflammation. This product is called PainShielf CBD and is a fast-drying gel that has functional ingredients. The CBD will be sourced from High Purity Natural Products LLC, which is an FDA-registered manufacturer of hemp and CBD products.

Adding CBD gel to our portfolio of products should materially expand our target market to augment our PainShield line of products while creating an additional stream of revenue for our business. Increasingly, CBD products have been shown to provide a short-term solution to pain resolution, coupled with the reparative, long-term mechanisms of action of PainShield.”

CEO of NanoVibronix, Brian Murphy

Due to its sizable gains so far in 2021, many investors are watching NAOV stock right now. And, with higher than average volume in the past few trading days, it is once again on the radar. Considering all of this, do you think that NAOV stock is worth adding to your penny stocks watchlist in 2021?

Penny_Stocks_to_Watch_NanoVibronix_Inc._(NAOV_Stock_Chart)Ideanomics Inc. (NASDAQ: IDEX)

Ideanomics Inc. is a company that can be broken down into two unique categories. On one hand, its Ideanomics Mobility business focuses on the adoption of commercial electric vehicles for companies. Ideanomics provides EVs, associated energy consumption, and financial services related to these products. It also offers solutions for procurement, charging, financing, energy management, and more.

On the other hand, Ideanomics Capital focuses on groundbreaking fintech solutions. Both of these have sizable market applications, and both areas of its business reside in popular industries. However, right now, many are focusing on the EV aspect of Ideanomics. 

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On September 15th, the company announced that it will boost its stake in Energica Motor Company S.p.A. Ideanomics plans on launching a voluntary conditional tender offer for Energica shares to increase its investment to a total of around 70%. This is a part of the company’s plan to expand its global footprint in the EV industry.

“The two-wheeler electric market is poised for significant growth, and we couldn’t be more excited about the synergies between Ideanomics and Energica that will allow us to be a prime player in this space.”

Executive Chairman of Ideanomics, Shane McMahon

The founders of Energica will still own 29% of the company after the acquisition of shares. It’s worth noting that Energica nearly doubled its sales last year, and the first half of 2021 has been strong for the company. With this information in mind, will IDEX be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_Ideanomics_Inc._(IDEX_Stock_Chart)BEST Inc. (NYSE: BEST

One penny stock showing decent momentum in the past few trading days is BEST stock. In the past month, shares of BEST have shot up by a substantial 73% despite being down by around 12% for the year. Aside from being a trending penny stock on Reddit, BEST Inc.’s business model is quite interesting to take a closer look at. The company operates as a smart supply chain solutions and logistics provider in China.

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Ahead of its 2021 annual shareholder meeting on October 20th, BEST Inc. we can view its Q2 2021 financial results to gain a deeper understanding of the company. In the results, CEO and Founder Johnny Chou stated that “Our Global business continued its growth momentum with parcel volume in Southeast Asia increasing 140.7% year-over-year despite a resurgence of the Covid-19 pandemic in the region.” 

While revenue during that period did decrease by around 5%, the company stated that it is committed to engaging in a strategic refocusing plan which could help the future of its business. In the past few weeks, many Chinese penny stocks have taken a hit on economic-related news and regulatory updates. So, this has put BEST stock in a highly volatile position. But, with its recent bullish momentum, the choice is yours whether BEST is worth adding to your penny stocks watchlist in September. 

Penny_Stocks_to_Watch_BEST_Inc._(BEST_Stock_Chart)Why Investors Are Watching Penny Stocks in 2021 

With so many penny stocks to buy, the opportunities are quite large right now. However, investors should have a thorough understanding of the company’s they are watching to ensure that there are no surprises when it comes to price action.

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Although there is a lot of movement in the stock market in 2021, high volatility means that there is potential to make money with penny stocks if an appropriate strategy is in use. Considering all of this, which penny stocks are you watching right now?

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