Hot Penny Stocks on Reddit to Watch Right Now
September 21, 2021 at 16:20 PM EDT
3 Penny Stocks on Reddit For Your Watchlist in September
If you’ve invested in penny stocks in the past six months, you’ve likely seen the phenomenon with retail traders on Reddit. During that time, Reddit has become a hub for those who trade penny stocks and blue chips to come together and discuss the market. And this has led to groups of traders investing in small-caps with either high short interest, or a large backing on social media. The result of this has become penny stocks that shoot up in the double or even triple-digit percentage points in only a short time frame.[Read More] Hot Penny Stocks To Watch Under $1 Right Now
So, while it is extremely difficult to find these stocks before they rise in value, it is not impossible. But, it’s worth noting that penny stocks on Reddit tend to be some of the most volatile stocks out there. And as a result, investors should have a thorough understanding of their own tolerance for risk. So, with this in mind, let’s take a look at three penny stocks on Reddit to watch right now.3 Reddit Penny Stocks to Watch in September 2021
Atossa Therapeutics Inc. is a biotech company that has been on many investors’ radars for quite some time. In the past six months and YTD periods, shares of ATOS stock have shot up by over 30% and 245% respectively. These are sizable gains that should be kept in mind. For some context, Atossa is currently developing AT-301, which is a drug candidate for patients diagnosed with COVID-19.
In addition to this, it is developing AT-H201, which is for improving lung function in COVID patients. Companies developing products related to COVID-19 have caught a lot of attention understandably over the past year and a half. Separate from its COVID developments, Atossa is developing medicines for treating cancer. Its lead product is Endoxifen, which is in Phase II clinical trials to treat and prevent breast cancer.
At the start of September, the company received approval from the Swedish Ethics Review Authority to start a Phase 2 clinical study of oral Endoxifen. The purpose of the clinical study is to reduce mammographic breast density in Swedish patients. This condition affects more than 10 million women in the United States and many more around the world.
“With this ethics approval and the previously reported regulatory approval to conduct the clinical study, we plan to start enrolling participants in fourth quarter 2021. We are excited to be working with Dr. Per Hall, a world leader in the field of breast density reduction, once again with our Endoxifen program.”CEO and Chairman of Atossa, Steven Quay
Now it will be interesting to see what happens with this trial and Endoxifen in the future. For now, is ATOS a contender for your penny stock watchlist this week?Seelos Therapeutics Inc. (NASDAQ: SEEL)
Another biotech penny stock that investors are interested in right now is Seelos Therapeutics Inc. Seelos is a biotech company that creates products for treating central nervous system disorders, respiratory illnesses, and more. It focuses on developing and commercializing novel technologies and therapeutics for a wide variety of purposes, which makes it a very broad biotech company. One of its flagship products, SLS-005 is a protein stabilizer for treating Sanfilippo syndrome.
Today, shares of SEEL stock got a major boost, pushing up by over 12% at EOD on September 21st. The positivity came as the company announced its SLS-005 compound received approval from the FDA to be studied in the Mass General Brigham Institutional Review Board HEALEY ALS Platform trial. This is big news and shows that the company could be on track to make more headway with this product.[Read More] Best Biotech Penny Stocks to Buy Now? 9 to Watch in October
In other recent news, back in July, the company announced positive in vivo data that showed down-regulation of SNCA mRNA and protein expression from a gene therapy study of its SLS-004 product. SLS-004 is a product focused on treating patients with Parkinson’s disease. One dose of the drug showed a 27% reduction in SNCA mRNA and a 40% reduction in SNCA protein expression in these preliminary findings.
“We are highly encouraged by these preliminary findings demonstrating downregulation of SNCA mRNA and SNCA protein expression in this in vivo model.”CEO of Seelos, Raj Mehra
Now the company plans on participating in multiple investor conferences this month. These conferences are the M-Vest Advances in Mental Health, Psychedelic and Non-Psychedelic Virtual Conference, and the Cantor Virtual Global Healthcare Conference. Ahead of these conferences, will SEEL make your list of penny stocks to watch?Genius Brands International Inc. (NASDAQ: GNUS)
Genius Brands International Inc. is an entertainment penny stock that managed to climb by a respectable 2.5% by EOD on September 21st. This brings its one-year gain to just shy of 20%. For those unfamiliar with Genius Brands, it creates and licenses multimedia content such as television shows and other animated series. Its series include SpacePop, Thomas Edison’s Secret Lab, Superhero Kindergarten, and many others. Genius has a wide range of consumers for its content. This has helped to bring it to the forefront of the entertainment industry.
On August 16th, the company provided its financial results and an operational update. The company announced that its revenue grew by 318% in the market during the second quarter of 2021. In the first six months of 2021, its revenue grew 280% year over year. Genius experienced a 932% increase in unique users on its Kartoon Channel platform.
Recently, the company announced that it started production on Shaq’s Garage, which is going to air in the second quarter of 2022. It also announced that Rob Gronkowski will be the co-executive producer and the voice of the “Gronkmobile” on this new show. Genius has shown rapid growth in the viewership of many of its shows in the last year. Considering this, will GNUS make your penny stock watchlist right now?Are Reddit Penny Stocks Worth Buying?
Finding penny stocks on Reddit can be either a great way to make money with small caps or an even greater way to watch your portfolio turn red. However, the difference lies in whether or not you have a trading strategy, and the amount of research you’re willing to put in.
Considering that there are hundreds of penny stocks mentioned on Reddit to choose from, it can be difficult to land on just a few. So, with all of that in mind, do you think that Reddit penny stocks are worth buying or not?