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Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now

Penny stocks with high volume today? Check these 4 out
The post Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Why These Penny Stocks Have Higher Than Average Volume Today

Finding penny stocks with high volume is a great way to see which ones are moving daily. It’s worth noting that high volume is not always the best indicator of forward momentum. But, it does show what investor interest in a stock is. For those unfamiliar, volume is the number of times a stock trades hands on a given trading day. With penny stocks, this can range from the hundreds all the way to the hundreds of millions. 

Normally, investors like to stick with penny stocks trading in the 800,000 and above volume range. This offers enough room for liquidity, which is how easily a stock can be traded. Often, high volume will indicate either company-specific or industry-specific news. If a stock’s volume is more than double its average or more, there is usually an underlying reason. 

[Read More] Meme Penny Stocks Are Here to Stay; 3 For Your Summer Watchlist

However, this can often be the result of penny stock traders on Reddit, Twitter, or other social media sites. It’s important to consider the effects of social media on penny stocks, as it can greatly shift volume in a given day. So, while volume is not the only indicator of performance, it can be a great tool to use when creating a penny stocks watchlist

It’s important to consider that volume can be indicative of a stock dropping in value as well. Because volume is the number of times a share is bought or sold, it can indicate bearish momentum in addition to bullish trends. With all of this in mind, let’s take a look at four penny stocks to watch with high volume right now. 

4 Penny Stocks With Higher Than Average Volume 

  1. Digital Ally Inc. (NASDAQ: DGLY
  2. Invesco Mortgage Capital Inc. (NYSE: IVR
  3. SOS Ltd. (NYSE: SOS)
  4. Globalstar Inc. (NYSE: GSAT)

1. Digital Ally Inc. (NASDAQ: DGLY) 

As a company, Digitial Ally is known for its design and manufacturing of some of the highest quality video analytic software and digital recording equipment. It’s directly contracted with law enforcement, fleet safety, event security, and emergency response agencies. Digital Ally is known for setting the standard for automatic recording technology. Some of its major products include vehicle and body cameras, data storage systems, and quality hardware. 

[Read More] Hot Penny Stocks To Watch As AMC Stock Ignites Small Caps In June

As of yesterday, June 7th, DGLY announced the formation of Digital Ally Healthcare, Inc. Although DGLY holds a placement in healthcare, its involvement is relatively limited. Before Digital Ally Healthcare, DGLY produced PPE products to aid in the pandemic. After seeing the widespread success of these products, the company decided that moving further would allow it to grow its product offerings and revenue streams. DGLY aims to grow its profit margins significantly in the near future to fuel a more sustained cash flow. 

With this, it should be well-capitalized to engage in any business opportunities in the future. In addition to this announcement, the company states that this new side of its business has entered into a venture with Nobility LLC. The former will bring roughly $13.5 million in cash to the table, to begin making strategic acquisitions of RCM (revenue cycle management) companies in the medical industry.

“Digital Healthcare’s venture with Nobility is a further expansion into the healthcare market. The venture’s acquisition targets include the approximate 6,000 medical billing companies in the United States, most of which are relatively small and closely-held private concerns.”

Stan Ross, CEO of DGLY

company states that the first two target acquisitions could bring in a total revenue run rate of $5 million annually. The company expects that these deals will close within the next few months. Considering all of these exciting updates, DGLY holds a volume of around 3.6 million in morning trading on June 9th.

2. Invesco Mortgage Capital Inc. (NYSE: IVR) 

IVR stock is pushing volume upwards of 43.6 million in morning trading. This is substantial and reflects its almost 13% gain at the same time. While there is no company-specific news sparking this gain, we can look at some previous events to try and deduce a reason. At the end of last month, Invesco announced the pricing of a public offering of common stock.

The offering, worth 37.5 million shares, will bring in gross proceeds of around $129 million. These proceeds will go toward the redemption of issued and outstanding shares of its 7.75% Series A Cumulative Redeemable Preferred Stock. Any additional funding will go toward both corporate purposes and the repayment of other debt obligations. 

For those who don’t know, IVR is a REIT or real estate investment trust working in financing and mortgage backing. Throughout the pandemic, the housing market was on a major decline. However, in the past six months, this has completely turned around. Now, it seems as though people cannot buy houses fast enough. 

The result of this is companies like IVR pushing major gains in the past few months. YTD, shares of IVR stock are up by a solid 20%. After falling from over $18 in February 2020 by almost 90%, we see that this is a very welcomed gain. Considering its move today, will IVR stock be on your watchlist?

Penny_Stocks_to_Watch_Invesco Mortgage Capital Inc. (IVR Stock Chart)

3. SOS Ltd. (NYSE: SOS) 

SOS Ltd. is a penny stock that we’ve covered countless times in the past few months. While shares of the company were down last month, things are picking back up in June. With almost 15 million in volume in midday trading, shares of SOS stock are up by almost 10%. 

Despite reporting very positive financial data last month, SOS stock is correlated with the price of Bitcoin and cryptocurrency overall. When BTC dropped from over $50,000 to under $36,000 in a matter of weeks, shares of SOS stock understandably dropped as well. In May, the company announced that it made operational more than 6,000 mining machines split between Bitcoin and Ethereum mining. 

[Read More] Best Penny Stocks to Buy Under $5? 3 For Your Morning Watchlist

And interestingly enough, SOS claims that its mining operations utilize 90% renewable energy, which is very different from most others. Mining cryptocurrency is usually a very energy-intensive process, and most operations use fossil fuel-powered electricity. Finding renewable options has been a difficult and long process, but many companies are working to transition. 

It’s worth noting that because its stock price trades similarly to cryptocurrency, shares of SOS stock can be extremely volatile. But, the other aspects of its business such as insurance marketing and its safety products, could provide a different revenue stream as well. Whether this makes SOS Ltd. worth watching or not is up to you. 

Penny_Stocks_to_Watch_SOS Ltd. (SOS Stock Chart)

4. Globalstar Inc. (NYSE: GSAT) 

With around 12.3 million in volume today, shares of GSAT stock are up by a mighty 4% or so at midday. For some context, Globalstar is a mobile satellite services provider. In its Q1 2021 earnings reported last month, GSAT hit analyst targets of a $0.02 loss per share. However, it did miss revenue estimates by around $5 million, bringing in $26.9 million in that period. Dave Kagan, CEO of Globalstar states that “Both service and equipment revenue [were higher] than pre-pandemic levels in the first quarter of 2020.” 

This was a big deal and remains a telling factor of the company’s ability to grow even in these challenging times. One thing to consider right now is GSATs wholly-owned subsidiary, SPOT LLC. SPOT is a satellite messaging and emergency notification tech company, with partnerships around the world. At the end of May, SPOT announced a new partnership with Desert Vets Racing, to provide the group with goods and services. 

These products will be in use for driver safety while in areas with no cell service. While this deal is not a major revenue supplier for GSAT, it does show the adoption abilities of SPOTs technology. And, GSAT is continuing to be a major part of the global tech and communications market, offering a large IoT pipeline of products. Considering its role as a tech penny stock, GSAT could be worth keeping an eye on in the future. 

Penny_Stocks_to_Watch_Globalstar Inc. (GSAT Stock Chart)

Which High Volume Penny Stocks Are You Watching?

Using high volume as an indicator is a great way to create a penny stocks watchlist. However, as stated before it should not be the only thing in use when finding a list of the best penny stocks.

[Read More] 5 Penny Stocks Analysts Say To Buy With Targets Up To 219% Right Now

Intraday volume is also a solid way to see which companies are moving the most in daily trading. It can identify short-term trends, recent news, and liquidity. Because of this, both retail and pro traders utilize this tool daily. Considering all of this, which high-volume penny stocks are you watching?

The post Best Penny Stocks To Buy? 4 to Watch With High Volume Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

More Tech Stocks:

Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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