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3 Penny Shares to Watch in August 2021
In August 2021, there are many penny shares that current shopping for alternatives. Whereas it’s tough to say with certainty the place the market is headed, there are lots of penny shares that traders are watching proper now. And to grasp which, we have now to take a deep dive into the present market trajectory and the place it could possibly be headed in the long run.
It wouldn’t make any sense to debate shares proper now with out speaking concerning the results of the pandemic. And in August, rising case numbers imply that we’re nowhere close to out of the woods but. In order traders, we have now to take this and work with it with a purpose to earn cash with penny shares. Contemplating the pandemic, we see that industries akin to biotech, tech, and retail are among the many hottest proper now.
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Whereas this can be a broad vary, inside every of those are differing penny shares that could possibly be price maintaining a tally of. And as prudent traders, it’s our job to analysis each inventory on our record. This consists of understanding financials, steadiness sheets, rumors, speculative occasions, and every thing in between. So, with all of this in thoughts, let’s check out three penny shares which have pulled again from highs however could possibly be some to observe heading into this week.
3 Penny Shares For Your Watchlist Proper Now
- GEE Group Inc. (NYSE: JOB)
- Vislink Applied sciences Inc. (NASDAQ: VISL)
- Timber Prescription drugs Inc. (NYSE: TMBR)
GEE Group Inc. (NYSE: JOB)
GEE Group Inc. is an organization that gives staffing and placement companies to U.S. corporations. It provides placement for finance, workplace, medical, accounting workers, and extra. The corporate’s companies are supplied underneath the Agile Sources, Entry Information Consulting, Ashley Ellis, and Omni-One names amongst many others.
When the pandemic first started, jobs numbers shortly sank to low ranges. Nonetheless, quickly after, hiring started once more, and resulted in decrease unemployed, ent numbers than in lots of months prior. Because of this, corporations like GEE Group Inc. have change into extra standard for traders.
On August sixteenth, GEE Group launched its monetary outcomes for the 2021 fiscal third quarter. Its income elevated 43.1% yr over yr to $38.1 million. Along with this, quarter over quarter, income elevated by 9.6%. And, it’s price noting that GEE Group’s gross revenue went up 43% yr over yr and 26.7% quarter over quarter. All of those numbers are thrilling for each the corporate and traders alike. Whether or not this can be a reflection of the shifting jobs market or GEE Group’s enterprise mannequin stays to be seen.
“We have been very happy with GEE Group’s efficiency this quarter. Revenues, working earnings, and non-GAAP adjusted EBITDA have been properly above our expectations.”
The Chairman and CEO of GEE Group, Derek Dewan
This constructive information and the way forward for GEE inventory are each vital for traders to contemplate. Preserving this new info in thoughts, is JOB a contender in your record of penny shares to observe?
Vislink Applied sciences Inc. (NASDAQ: VISL)
Vislink is a tech firm that designs, develops, and delivers wi-fi communications options. Its merchandise embody MicroLite 3, which is a compact wi-fi HD transmitter used for dwell manufacturing. Many of the merchandise supplied by Vislink are for dwell manufacturing functions.
However, as well as, it additionally provides digital camera methods, transmitters, receivers, and extra. Previously yr or so, the main scarcity of microprocessors has resulted in vastly heightened demand for tech merchandise. And whereas Vislink shouldn’t be a producer of microprocessors, it possible may gain advantage from this demand spike. YTD, shares of VISL inventory are up by over 40% which is sort of a strong feat.
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On August sixteenth, the corporate reported its second-quarter outcomes for 2021. Vislink introduced that its income has elevated by 85% over its first-quarter outcomes this yr on this new report. Along with this constructive development, the corporate’s orders have elevated by 250% within the first half of 2021.
“Our quoting exercise continued to extend, with new bookings rising over 250% in the course of the first half of 2021 in comparison with the corresponding interval in 2020. This accelerating gross sales progress, along with our ongoing deal with value containment and strategic use of monetary assets, helped us considerably slim our EBITDA loss within the second quarter to $578,000, in comparison with a $2.4 million EBITDA loss within the first quarter.”
CEO of Vislink, Mickey Miller
These numbers are thrilling for the corporate’s current and potential future. And whereas they’ve but to mirror in its inventory value, it does appear to be Vislink is working exhausting to develop. So, contemplating this, will VISL be in your penny shares watchlist?
Timber Prescription drugs Inc. (NYSE: TMBR)
Timber Prescription drugs Inc. is a biotech penny inventory that has been climbing in a number of latest buying and selling periods. Previously month, shares of TMBR inventory have elevated by over 11% and YTD, by over 30%. The corporate’s main focus is on clinical-stage merchandise. Timber is at the moment growing and commercializing therapies for orphan dermatologic ailments. So why is TMBR inventory going up available in the market in August?
On August tenth, the corporate offered a enterprise replace and launched its monetary outcomes for the second quarter of 2021. Chairman and CEO John Koconis mentioned, “The Timber crew has persevered by way of the headwinds of the worldwide pandemic to achieve the scientific milestones we’ve achieved to date in addition to these we anticipate to realize over the following 9 months.”
The corporate plans to finish the TMB-002 Section 2b trial recruitment on the finish of the third quarter of 2021. Timber completed the quarter with $6.1 million in money and customary shares excellent of 36.7 million. Preserving this new data in thoughts, will TMBR be in your record of penny shares to observe?
Are You Watching These Penny Shares Proper Now?
With so many penny shares to select from proper now, it may be tough to resolve on only a few in your record. However, with the proper analysis and dedication to discovering info, it may be a lot simpler than beforehand imagined.
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Contemplating that there are such a lot of elements affecting the inventory market proper now, traders must take every thing under consideration. So, with all of this in thoughts, are you watching these penny shares proper now?