3 Stocks That Penny Is Going To Add To My 2022 Wish List
With 2022 here and in full effect, investors continue to search for the best cash stocks to buy. Now, 2021 has been a tough year to trade both fiat and chip-cap stocks. With the pandemic, hyperinflation, and a series of great unknowns, stability has been at an all-time low. But now, as we near the hoped-for end of the pandemic, many investors are excited about what the future may hold.
Top Penny stocks to buy according to analysts, targets 615%
Over the past year or two, we’ve seen the idea of the direction of cash stocks become a major contributor to market movement. If you’re not familiar, these are the stocks that have become popular on social media. As a result, they tend to rise exponentially (and fall) due to big speculation. With the trend of small stocks, it is important to understand what the company does and how to profit from it. Of course, this is much easier said than done.
But, one of the best ways to stay ahead of the curve is to follow and understand the trends. For now, it doesn’t look like Covid is going anywhere anytime soon. For this reason, many investors expect volatility to continue in the near future. So, with all that in mind, let’s take a look at three currency-skewed stocks to watch after the holiday season.
3 trending penny stocks to watch now
- Cinedigm Corp. (NASDAQ: CIDM)
- Biolase Corporation (NASDAQ: BIOL)
- Aikido Pharma Corporation (NASDAQ: AIKI)
Cinedigm Corp. (NASDAQ: CIDM)
In the last period to date, CIDM shares have jumped more than 73%. This is very substantial and reflects the company’s commitment to growth and the entertainment industry during that time. If you are not familiar, Cinedigm provides entertainment to millions of consumers around the world. This includes providing premium content, channels, technologies, and more. The latest announcement from CIDM came on December 22 when it announced that nine of its free ad-supported channels will be available on LG Smart TVs.
“Smart TVs have changed the way viewers consume content, with connected TVs becoming the dominant viewing medium for hundreds of millions of viewers. Introducing these nine broadcast channels to audiences and genre enthusiasts on LG Smart TVs now expands Cinedigm’s presence across all device manufacturers Almost the world’s major television.
Vice President of Business Development and Strategy at Cinedigm, Jennifer Soltesz
In the past year or so, the need for digital entertainment has increased exponentially. Because of this, CIDM shares are up. While it is difficult to say what the growth timeline will look like going forward, it is clear that CIDM may be worth watching. With that in mind, will CIDM stock be on my small stock watch list?
Biolase Corporation (NASDAQ: BIOL)
Another penny stock that has been in focus over the past year or so is BIOL stock. Biolase Inc. If you’re not familiar with Biolase, it’s a biotech stockpile working in precision dentistry. This includes the production of products targeting dentistry and medicine such as more than 300 patents and 35 patented technologies.
Check out the top penny stocks to get your watch list now
To date, the company has sold more than 41,200 laser systems, which is no small feat. These products have also been sold in more than 80 countries around the world. The latest news from Biolase came a few weeks ago, when it announced that NASDAQ had granted it a 180-day extension to meet its minimum bid price requirement. In addition, the company has entered into a favorable credit agreement.
“The 180-day extension from Nasdaq gives us more time to demonstrate the success of our growth strategy, which has delivered excellent results over the past three quarters, and gives the financial community recognition and appreciation for the opportunity before us. In addition, our loan modification with SWK demonstrates their belief in our ability. We aim to achieve strong and continuous growth as new customers embrace the market-leading dental laser.”
John Beaver, President and CEO of Biolase
Given this, does BIOL deserve a place on your list of little stocks to watch?
Aikido Pharma Corporation (NASDAQ: AIKI)
Aikido Pharma is a biotechnology company working on anti-cancer and antiviral therapies. The company produces a wide range of patented technology for use in these needs. The most popular product of Aikido at the moment is the development of its antiviral platform that can inhibit the growth of certain viruses. This includes influenza, SARS-CoV-2, MERS-CoV, Ebolavirus and more.
Currently, any company involved in the research or development of a vaccine or treatment for Covid is understandably seeing increased interest. This appears to be the case with Aikido. A few weeks ago, the company announced an expanded global patent coverage filing for several major patent applications.
“Having strong patent protection is a cornerstone of drug asset ownership and essential to gaining potential future market share in key countries around the world. At the appropriate times and when it makes economic sense, we will continue to strive to expand regional patent coverage on our licensed assets.”
CEO of Aikido, Anthony Hayes
With all this in mind, do you think aikido is worth adding to your list of small stocks to keep an eye on.
What penny stock trends are you watching right now?
If you are looking for the best cash-traded stocks to buy, there are hundreds of options to choose from. But given the sheer number of cash stocks out there, it can be hard to pick just a handful for your watch list. As always, the best course of action is to get a full understanding of how small stocks trade and why certain industries move.
[Read More] Top Penny Stocks to Buy in 2022? Check out these 3 out now
In addition, it is crucial to have a comprehensive and well-thought-out trading strategy that can adapt to the current market conditions. While many investors believe 2022 may be less volatile than 2021, it’s hard to say for sure. So, with all this in mind, which cash-traded stocks are you watching right now?
If you enjoyed this article and are interested in learning how to trade so that you have the best chance of earning consistently, then you need to check out this YouTube channel. Click here now!