Best Penny Stocks to Buy Now? 3 to Watch This Week

August
22, 2021

6 min study

This story at first appeared on PennyStocks

3 Penny Shares to Observe in August 2021 

In August 2021, there are a lot of penny shares that current buying prospects. Even though it is hard to say with certainty wherever the current market is headed, there are many penny stocks that buyers are watching appropriate now. And to have an understanding of which, we have to choose a deep dive into the latest current market trajectory and where it could be headed in the extensive phrase. 

It wouldn’t make any perception to go over stocks proper now without speaking about the outcomes of the pandemic. And in August, soaring case figures imply that we are nowhere near out of the woods however. So as investors, we have to get this and perform with it in get to make dollars with penny shares. Looking at the pandemic, we see that industries these types of as biotech, tech, and retail are among the the most well-liked suitable now. 

[Read More] 4 Trending Penny Stocks On Robinhood You Should really Check out Proper Now

Even though this is a wide assortment, inside of just about every of these are differing penny shares that could be well worth preserving an eye on. And as prudent buyers, it is our position to exploration every and just about every inventory on our list. This features being familiar with financials, stability sheets, rumors, speculative gatherings, and almost everything in among. So, with all of this in brain, let’s acquire a glimpse at three penny shares that have pulled again from highs but could be some to view heading into this week. 

3 Penny Shares For Your Watchlist Right Now 

  1. GEE Group Inc. (NYSE: Position) 
  2. Vislink Technologies Inc. (NASDAQ: VISL) 
  3. Timber Pharmaceuticals Inc. (NYSE: TMBR) 

GEE Team Inc. (NYSE: Job)

GEE Group Inc. is a company that offers staffing and placement companies to U.S. organizations. It gives placement for finance, workplace, medical, accounting personnel, and additional. The company’s products and services are presented underneath the Agile Assets, Entry Facts Consulting, Ashley Ellis, and Omni-One names amid a lot of others.

When the pandemic initially began, jobs figures quickly sank to lower concentrations. Even so, before long following, choosing began once again, and resulted in lower unemployed, ent quantities than in lots of months prior. As a final result, organizations like GEE Team Inc. have turn out to be a lot more well known for buyers. 

On August 16th, GEE Team unveiled its monetary results for the 2021 fiscal third quarter. Its profits elevated 43.1% yr about 12 months to $38.1 million. In addition to this, quarter above quarter, income improved by 9.6%. And, it is really worth noting that GEE Group’s gross income went up 43% calendar year in excess of calendar year and 26.7% quarter in excess of quarter. All of these figures are enjoyable for both the firm and investors alike. Irrespective of whether this is a reflection of the shifting work opportunities market or GEE Group’s business design stays to be witnessed. 

“We were being quite delighted with GEE Group’s overall performance this quarter. Revenues, functioning money, and non-GAAP adjusted EBITDA were effectively previously mentioned our anticipations.”

The Chairman and CEO of GEE Team, Derek Dewan

This good information and the upcoming of GEE stock are both significant for buyers to take into consideration. Preserving this new info in thoughts, is Position a contender for your listing of penny shares to view?

Vislink is a tech organization that patterns, develops, and provides wi-fi communications remedies. Its solutions consist of MicroLite 3, which is a compact wi-fi High definition transmitter utilized for dwell output. Most of the items presented by Vislink are for are living creation needs.

But, in addition, it also presents camera devices, transmitters, receivers, and extra. In the previous 12 months or so, the major scarcity of microprocessors has resulted in vastly heightened demand from customers for tech solutions. And whilst Vislink is not a producer of microprocessors, it probably could gain from this demand spike. YTD, shares of VISL inventory are up by around 40% which is really a good feat.

[Read More] Reddit Penny Stocks to Invest in? 3 That You Almost certainly Do not Know About

On August 16th, the enterprise described its 2nd-quarter success for 2021. Vislink announced that its profits has enhanced by 85% more than its to start with-quarter effects this year in this new report. In addition to this optimistic improvement, the company’s orders have amplified by 250% in the initially half of 2021.

“Our quoting exercise continued to boost, with new bookings escalating around 250% during the 1st 50 % of 2021 in contrast to the corresponding period in 2020. This accelerating profits expansion, collectively with our ongoing target on price tag containment and strategic use of money means, assisted us appreciably slender our EBITDA loss in the next quarter to $578,000, as opposed to a $2.4 million EBITDA decline in the very first quarter.”

CEO of Vislink, Mickey Miller

These figures are thrilling for the company’s present and likely foreseeable future. And though they have yet to mirror in its inventory selling price, it does glance like Vislink is operating really hard to develop. So, looking at this, will VISL be on your penny shares watchlist?

Timber Prescription drugs Inc. (NYSE: TMBR)

Timber Prescribed drugs Inc. is a biotech penny stock that has been climbing in a number of current trading periods. In the earlier month, shares of TMBR inventory have increased by in excess of 11% and YTD, by about 30%. The company’s most important target is on scientific-stage items. Timber is at present producing and commercializing treatments for orphan dermatologic ailments. So why is TMBR stock heading up in the market in August?

On August 10th, the firm furnished a enterprise update and launched its fiscal effects for the next quarter of 2021. Chairman and CEO John Koconis stated, “The Timber workforce has persevered by way of the headwinds of the worldwide pandemic to arrive at the medical milestones we have obtained as a result far as well as all those we anticipate to accomplish above the up coming nine months.”

The corporation strategies to conclusion the TMB-002 Phase 2b trial recruitment at the close of the 3rd quarter of 2021. Timber completed the quarter with $6.1 million in money and typical shares fantastic of 36.7 million. Trying to keep this new facts in mind, will TMBR be on your listing of penny shares to watch?

Penny_Stocks_to_Watch_Timber_Pharmaceuticals_Inc_TMBR_Stock_Chart

Are You Observing These Penny Stocks Right Now?

With so a lot of penny stocks to pick out from suitable now, it can be tough to determine on just a handful of for your listing. But, with the suitable study and commitment to discovering info, it can be a lot less complicated than beforehand imagined.

[Read More] 8 Greatest Penny Stocks To Buy Ideal Now In accordance To Insiders

Contemplating that there are so a lot of elements impacting the stock current market proper now, traders have to have to consider almost everything into account. So, with all of this in brain, are you observing these penny shares right now?