Penny_Stocks_Today

Penny_Stocks_Today

After releasing disappointing Q2 earnings, Roblox (NYSE: RBLX) plummeted by as much as 34% reaching new 52-week lows. While the stock has rebounded since by 37%, this rebound may be short-lived as the gaming platform’s Q3 earnings are right around the corner on November 8th pre-market. Analysts are estimating the company to report $829.8 million in bookings while...

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CleanSpark, Inc. (Nasdaq: CLSK) is one of the fastest-growing public Bitcoin miners in North America that gained wide interest from investors thanks to its operational efficiency. Over the last 5 months, the company increased its hash rate by nearly 50%, positioning itself to reach its planned capacity of 16 EH/s by the end of the year. With 2 major Bitcoin...

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Rivian Automotive, Inc. (NASDAQ: RIVN) has been making strides this year as it has successfully increased its production and deliveries quarter over quarter throughout 2023. Despite the company’s impressive performance this year, its stock fell by as much as 33% since early October after it announced its intention to raise up to $1.725 billion in 3.625% green...

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Although Bitcoin mining stocks are outperforming the market so far this year, they have been on a steady decline since early August. Riot Platforms, Inc. (Nasdaq: RIOT) is one of these stocks that have been hit hard as its stock is down nearly 45% from the highs it reached last July. That said, this dip could be an opportunity to go long on the stock ahead of 2...

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As we’re heading into earnings season, one report investors are anticipating is fintech startup Upstart Holdings, Inc. (Nasdaq: UPST). While the startup beat analysts’ expectations in its Q2 earnings, its stock is down 45% since then due to an underwhelming guidance resulting from macroeconomic pressures. With the fintech holding $837.5 million in loans on its...

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On a YTD basis, DraftKings Inc. (Nasdaq: DKNG) is up nearly 145% due to a mix of solid financial results, raising its full-year guidance, and delivering its first quarter of adjusted EBITDA profitability in Q2. With that in mind, the company’s Q3 earnings report will drop on November 2nd where I expect it to beat analysts’ revenue and EPS estimates, all while...

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SoFi Technologies, Inc. (Nasdaq: SOFI) has been one of this year’s best-performing stocks with its stock up more than 77% YTD – outperforming the market in the process. While the stock is down 8.6% since our last article covering it, it may be poised to rebound soon as its Q3 earnings are set to come out pre-market on October 30th. Analysts expect the Fintech to...

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One of the hottest OTC stocks at the moment is Yuengling’s Ice Cream Corporation (OTC: YCRM) which has run more than 1000% since the start of September. This parabolic run started when the company executed an LOI to reverse merge with the emerging live entertainment platform – PickleJar. The company intends to share news regarding the deal by September 30th, and...

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The cruise line is showing positive signs of rebounding to pre-pandemic levels due to revenge travel that is continuing to rise. One of the companies benefitting from this phenomenon is Carnival Corporation & plc (NYSE: CCL) which reported record bookings in Q1 and Q2 2023. While the cruise line’s debt load poses a massive risk to the company, its stock could be a...

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At the moment, Paramount Global (NASDAQ: PARA) is down more than 27% YTD as a result of the writers’ and actors’ strike as well as its long-term debt situation. Many investors are asserting that the stock is nothing short of a value trap given these indications. However, the writers’ strike appears to be coming to an end after writers and studios reached a...

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With a mission to provide effective and affordable treatments for infectious diseases, Enzolytics Inc. (OTC: ENZC) has risen to prominence during the pandemic. ENZC stock has witnessed unprecedented interest from investors thanks to its ambitious mission to treat HIV and its unique AI technology. Currently, the company is looking to advance its collection of...

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Potential funding could be coming soon for Clean Vision Corporation (OTC: CLNV) after its representative teased a $250 million funding deal on Twitter. CLNV stock is up 29% since this news dropped and could further run – especially after the company’s representative shared that news is imminent. Considering that this funding is more than 10 times the company’s...

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Weed stocks are gaining traction as the industry’s outlook appears to be brighter than ever after the HHS sent a letter to the DEA recommending the rescheduling of marijuana to a Schedule 3 drug. As the largest multistate operator in the US, Curaleaf Holdings, Inc. (OTC: CURLF) may be poised to gain the most from this improved environment which makes its stock a...

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fter the Maui County lawsuit against Hawaiian Electric Industries, Inc. (NYSE: HE), its shares plummeted by more than 65% and reached a 52-week low. That said, the company recently released a statement calling the lawsuit “factually and legally irresponsible” as it showed that it was not responsible for the fires – leading the stock to gain 45%. With the stock...

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Chinese stocks have been trending following China’s decision to cut stock trading taxes by 50%. One of the Chinese stocks that are worth watching over the coming weeks is AMTD Digital Inc. (NYSE: HKD) as it may soar substantially. In addition to China’s tax cut, the company recently witnessed a major catalyst in its agreement with its parent company AMTD IDEA...

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After receiving an investment from Volkswagen, XPeng Inc. (NYSE: XPEV) is on a roll as it successfully entered into a strategic partnership with ride-hailing giant Didi to acquire its smart EV unit. Through this acquisition, the company is expanding its presence into a new market segment which is the mass market since it intends to manufacture A-class segment EVs...

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When Better Home & Finance Holding Company (NASDAQ: BETR) made its Nasdaq debut it was welcomed with sticks and stones in the form of mass selling that caused the stock to plummet more than 93%. That said, the stock is likely currently undervalued due to the fact that its cash balance dwarfs its current market cap. That aside, since the company is a housing giant...

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China recently announced that it is halving its tax on stock trading effective Monday, August 28th in an attempt to boost its stock market. This announcement could have major implications for Chinese stocks since Chinese ADRs tend to run along with their stock on the Chinese exchange. One of the Chinese stocks that may run this week is FingerMotion, Inc. (NASDAQ:...