Top Penny Stocks To Invest in 2021

Updated: Jan 31





Let’s face it. Technology start-up companies are the prime trending companies in the world and even VCs cannot seem to get enough. Rising tech start-ups are founded daily. Start-ups may offer a service or a product conducted towards IOTs, Internet, project management, mobile, data storage, drones, virtual reality, and others.

On the other hand, well-established companies are either buying out the start-ups or purchasing controlling stakes in upcoming start-ups with the hope of consolidating their technology with their long-running and established services and products.

The best bit about penny stocks is that they are a great investment opportunity. This doesn’t mean that you are required to invest in every penny stock you come across. As an investor, it is crucial to conduct a thorough analysis to determine if the penny stock is worth it.

Penny stocks can be a goldmine that a majority of investors avoid because they think the risk outweighs its benefits. While trading penny stocks can be risky, you can mitigate risk by conducting extensive research and establishing a trading strategy.

Your trading strategy should involve the use of stop-losses in the event your penny stock investment does plummet. Sometimes in any given market, various conditions can make the goal to minimize loss versus generate gains.

Whether you’re or just getting started an experienced trader, penny stocks carry with them an allure. It’s not every day that you can invest $100 or $1000 and see that amount double within a few days. Nonetheless, having a set strategy in place and understanding risk are keys to getting started on the right foot.


Below are some of the top penny stocks that will make you rich.

GameStop Corporation (GME)


Stats retrieved from Robinhood 1/30/201


The sorted history of GameStop (GME Stock Report) has granted new opportunities for a different type of investor. However, the potential has attracted traditional investors as well. Back in 2016, GME stock was trading at $31 a share. Today it’s a penny stock.

Needless to say, the past few months have been very compelling for the company. What boosted this rally was a big endorsement from “The Big Short.” The person behind the movie, Michael Burry, revealed that he owned 3 million shares and felt that the company was undervalued. At the time, GME was trading at $3.20 a share. Since then, the penny stock gained to as high as $5.82 while maintaining a steady up-trend in October 2020. If you are not up to speed on GameStop, a company that is a video game retailer. Here’s the question, with this uptrend, is this just a game the bears are playing or is GameStop set to head higher this new year?

Stat retrieved from Robinhood 1/30/2021


YRC Worldwide Inc. (YRCW)


Stats retrieved from Robinhood 1/30/2021


When you think about planes, logistics, automobiles, and trains come to mind. YRC Worldwide (YRCW Stock Report) focuses on trucking. The stock hit a 52-week low of $1.95 in August (2020) but ever since it has been gaining at price. The first phase of the 2-month move started after the company announced the official opening of its new Minnesota service centre.

The company maintains an integrated footprint that includes long-haul and short-haul options. New Penn, HNRY Logistics, Reddaway, YRC Freight, and Holland fall under its umbrella of brands.

The company recently rearranged its operations in the USA. It now operates in 4 divisions and 17 areas of operation. This move was made to streamline the business than it was before. These changes allowed (YRC) to take advantage of the various strengths throughout the enterprise and will align its cost structure to the increasingly dynamic marketplace. Given this, shares maintained October’s bullish trend. Further expansion and streamlining could pose profitable outcomes for the company as it continues to expand its operations. Will it translate into higher share prices?


Stats retrieved from Robinhood 1/30/2021



Zomedica


Stats retrieve from Robinhood 1/30/2021


Zomedica is a veterinary health company that specializes in point-of-care diagnostics products for cats and dogs by targeting the unmet needs of clinical veterinarians. This little known Michigan-based animal health and veterinarian penny stock, Zomedica surged nearly 250% since getting a mention from Netflix’s “Tiger King” star Carole Baskin.

The penny stock was among the most actively traded by volume on retail investor platform Robinhood, according to analytics firm Breakout Point. When the share price goes past $5, it will make it easier for brokers to purchase up the float. Therefore, this will drive up the price further, thus reducing risk. Be a part of the team that gets to that share price, because we are sitting on a gold mine.

Stats retrieved from Robinhood 1/30/2021




Youngevity International, Inc. (YGYI)


This penny stock has had it rough since 2019 but it hasn’t been a bad trade according to many traders. If you look at the chart, YGYI stock has seen spans of bullish trends followed by bearish drops.

Youngevity International (YGYI Stock Report) has been in a consistent bullish trend. The stock opened at $4.40 in October (2020) and has climbed as high as $4.82. Volume isn’t that big so the trend does not seem to be fueled by overambitious investors. The company focuses on lifestyle businesses.

Youngevity operates on 3 business segments that include; direct selling, commercial coffee, and commercial hemp. So it appeals to a wide range of investors. When marijuana stocks were hot, YGYI stock popped up but, obviously declined along with the sector.

The company now has focused more on its other business units. Recently the company entered into a deal with BeneYOU LLC. The company is a beauty product and nutritional. Through this deal, Youngevitywill buy some of the assets from BeneYOU.

BeneYOU CEO Ryan Anderson said, “Like Youngevity, we know making Customers and Associates the most important factors in our decision-making process leads to their satisfaction.

We are especially gratified that the consistencies between our companies are as strong as they are, and we’re hopeful that we can bring this transaction to a successful conclusion by the end of this month.”


Dodge coin


Stats retrieved from Robinhood 1/30/2021


Dogecoin is currently skyrocketed from $0.007 to now $0.03. I know that might not sound like a lot of money but that small increase made Anthane Richie, $1,400 in one night. Current technical indicators show bullish and support the possibility of an upward trend. Dogecoin’s current rate of increase suggests that this coin could very well be the future bitcoin but we will have to see. Dogecoin chart also indicates a parallel channel, implying an increase toward $1 could be on the horizon. Therefore, investors ought to be on the lookout for Dogecoin before it makes its huge break into the market.


Castor Maritime


Stats retrieved from Robinhood 1/30/2021


Castor Maritime, Inc. partakes in of shipping transportation services through its ownership of dry bulk vessels. The company offers seaborne transportation for dry bulk cargo including coal, grain, iron ore, steel products, fertilizers, sugar, cement, bauxite, and scrap metal.

The company was founded by Petros Panagiotidis on September 12, 2017, and its headquarters are in Limassol, Cyprus. The Castor Maritime Inc stock boasts of buy signals from the short and long term moving averages that give positive feedback on the stock. Various short term signals, coupled up with a good trend, are positive. It is safe to say that the current level may hold a purchasing opportunity.

Stats retrieved from Robinhood 1/30/2021

I


f you would like to learn more about investing in stocks click here



Recent Posts

See All
Subscribe Form

©2020 by Rich State of Mind. Proudly created with Wix.com