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Former Penny Stocks That Exploded in Value, One Up Over 3,500%

These former penny stocks hit it big since 2020; are they on your watchlist?
The post Former Penny Stocks That Exploded in Value, One Up Over 3,500% appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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4 Penny Stocks That Hit It Big In the Past Year

As penny stocks investors, we love to see a company go from the under $5 mark to well beyond that number. While this is a rare occurrence, it does happen. And when it does, investors take note. 

Most of the time, those trading penny stocks tend to do so for short-term gains. This is known as swing trading. But, some investors choose to ride the long wave, hoping that a long time frame will result in major gains. There are a few ways that a penny stock can break out of small-cap territory. And before going into them, we must note that the term penny stock simply means any stocks trading under $5

One reason that a company could pass this threshold is through a new product or major demand increases for a current one. This is the most common and tends to be a combination of speculation and fundamentals.

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Additionally, this method can result in long-term, sustainable gains, rather than a company falling back to penny stocks territory. The next reason that a stock could move beyond $5 is pure speculation. This could be in relation to a news event, or the potential of a future happening. 

An event like this is common as well, but, it can lead to short-term gains, and a stock eventually falling back to under $5. When searching for a penny stock that has taken off, it is important to consider why, and what made it move. Is the trend a lasting one, and can it maintain this higher price? These are questions that every trader should ask themselves before pulling the trigger. Considering this, let’s take a look at former penny stocks that exploded in value. 

4 Penny Stocks That Went Big 

  1. Novavax Inc. (NASDAQ: NVAX
  2. Microvision Inc. (NASDAQ: MVIS
  3. MiMedx Group Inc. (NASDAQ: MDXG
  4. Plug Power Inc. (NASDAQ: PLUG

Novavax Inc. (NASDAQ: NVAX) 

Last Time It Was a Penny Stock: January 17th, 2020
Gain Since to June 3rd, 2021: +3,290%

Adding almost 20% in value alone in the past two days, Novavax is arguably one of the largest gaining former penny stocks we’ve seen. In February of this year, shares hit a high of over $290. This is a more than 5,900% gain from the $5 mark. While the NVAX stock story is a rarity, it is a great example of a penny stock that pushed up big due to both speculation and fundamentals. 

For some context, Novavax is a biotech company, working in many different areas of the sector. When the pandemic hit last year, investors scrambled to find biotech penny stocks that had a role in treating or vaccinating against the pandemic. And, Novavax became a top choice for many. With its Covid-19 vaccine known as NVX-CoV2373 coming out with data from a Phase 3 study shortly, many investors bet on the long-term potential of Novavax. 

And, if you’d have invested $5 in NVAX stock back then, you would have made an over 3,200% gain as of June 3rd. Novavax was one of the first companies to come out with a vaccine candidate, while albeit it is still in trials. However, it became a big name in all things related to the pandemic. And because of that alongside its other work, shares have skyrocketed in the past year and a half. So, while Novavax is a rare case study, it is a prime example of a penny stock that hit it big. 

Microvision Inc. (NASDAQ: MVIS)

Last Time it Was a Penny Stock: December 21st, 2020
Gain Since to June 3rd, 2021: +268%

Microvision is another great example of a former penny stock that struck gold. While its gain over the past year and a half or so is not comparable with NVAX stock, an over 260% gain is nothing to complain about. There are a few reasons for the massive spike in MVIS stock over that time frame. One of those is its work on LiDAR sensors as well as microchips and various computer-related products. 

Right now, there is a major shortage of microprocessors. If we consider basic supply and demand principles, we see that a massive gain for MVIS stock makes sense. However, its LiDAR sensors are also used in self-driving cars, which have become a major focus for Reddit stock investors in the past year or so. The focus from Reddit investors on MVIS is another example of retail traders pushing a stock with a high institutional short interest. 

[Read More] 4 Robinhood Penny Stocks to Watch in Summer 2021

This is something we saw with GameStop Corp. (NYSE: GME) as well as AMC Entertainment Holdings Inc. (NYSE: AMC). A result of the famed WallStreetBets subreddit is the rise of many penny stocks into post-penny stock territory. And, while MVIS shares still sit at a rather affordable $18 or so, autonomous vehicles have only just begun to take off. Considering this, will MVIS be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Microvision Inc. (MVIS Stock Chart)

MiMedx Group Inc. (NASDAQ: MDXG) 

Last Time it Was a Penny Stock: July 6th, 2020
Gain Since to June 3rd, 2021: +114%

MDXG stock is arguably the lowest gainer on this list, while still pulling in over 110% in gains since July of last year. For some context, MiMedx Group is a leader in regenerative medicine. This includes utilizing amniotic tissue for grafting. Its core business is on those with acute and chronic non-healing wounds. Its Purion process is a proprietary platform that uses human placental tissue as a way to more effectively complete skin grafting. 

The company states that it has supplied over 2 million allografts through both direct and consignment orders. Now, because this gain is arguably not as large as the others and occurred over a long time frame, we can’t say for certain if there is one major reason for it occurring. However, MDXG is a leader in the biotech industry and its specific sector of allografts. 

In its latest financial report, the company brought in around $61 million in net sales with revenue of $59.7 million. This is greater than the same period of the previous year. While it did pull in a net loss of around $8.4 million, this is mostly due to $7.2 million in costs associated with investigation and restatement activities. So, while there isn’t one specific reason for this solid gain, 114% in over a year is definitely worth paying attention to. Whether this makes MDXG worth watching it up to you. 

Penny_Stocks_to_Watch_MiMedx Group Inc. (MDXG Stock Chart)

Plug Power Inc. (NASDAQ: PLUG) 

Last Time it Was a Penny Stock: June 15th, 2020
Gain Since to June 3rd, 2021: +519%

PLUG stock is one of the major gainers of the past year and a half, pulling in over 500% for investors. Although shares of PLUG hit a 52 wk high of over $75, PLUG sits comfortably at around the $30 mark right now. For those unfamiliar, Plug Power is at the forefront of the hydrogen fuel cell market. 

Shares were given a major boost after Biden announced his high favorability for the potential of hydrogen power. And, because it is a leader in this regard, it could benefit greatly from Biden’s most recent infrastructure plan. It’s also worth noting that it holds a major cash balance of more than $5 billion, alongside some encouraging financials. This year, many investors have hedged their bets on the renewable energy revolution. And hydrogen presents a major opportunity for an economic, and already existing method of power. 

The only roadblock that PLUG stock has is the economic and infrastructure barriers. This is due to the massive investment it would take to make hydrogen power as popular as fossil fuels. Regardless, the world is changing and President Biden wishes to make this change as fast as possible. So, whether a short or long-term play, PLUG stock remains a major gainer that left penny stock territory.

Penny_Stocks_to_Watch_Plug Power Inc. (PLUG Stock Chart)

Finding Penny Stocks to Buy Can be Challenging 

There is no doubt that finding a penny stock that could leave the $5 range is difficult. The majority of the time, investors are looking for penny stocks that will make decent gains throughout a short time frame. But, there is the occasional oddball small-cap that jumps well beyond the penny stock cap.

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The best course of action for stumbling upon one of these is to do as much research as possible. Those with the most information are advantageously positioned in the stock market no matter what. Considering this, which penny stocks are you watching?

The post Former Penny Stocks That Exploded in Value, One Up Over 3,500% 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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