June Felix, Chief Executive Officer, commented:
This year’s record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing shifts towards self-directed investing. We are now operating on an entirely new scale.
According to IG Group’s published numbers, the number of total active clients grew 31% to 381,500. In 2021, this number was 291,200. The number of active clients fell 2% on a pro forma basis, but remained above pre-pandemic levels.
Of the total revenue, OTC leveraged derivatives accounted for £811.5 million in FY22, increasing 2% compared to the previous year. However, stock trading and investments dropped 13% to £33.8 million.otc pandemic
Best Stocks Under $15 (2022) – InvestmentU
While investing in stocks under $15 comes with a degree of risk, there is still a lot of upside in the right companies.
The post Best Stocks Under $15…
Many people think buying cheaper stocks comes with a greater degree of risk. While this may be true for a good majority of lower priced stocks, there are many quality companies that are flying under the radar. This presents a great opportunity to buy some of the best stocks under $15.
IU Einstein Marc Lichtenfeld recently wrote about investing in cheaper stocks. Here’s what you should know…
Investors dream of buying a stock in the low single digits and watching it explode to double digits, making many times their money. However, there are a lot of misconceptions… Not all penny or cheaper stocks are tiny companies with little revenue or profits.
Read on to see our list of the best stocks under $15.
Many mutual funds and other institutional investors have their own rules against buying stocks that trade below $10 or $5. But many others do not have those restrictions. There are plenty of hedge funds and other institutional players that own penny stocks.
A lot of penny stocks are garbage companies. Many others are priced low for a reason. But there are plenty of quality companies – businesses that are just beginning to gain some traction, undiscovered by Wall Street – that make for great investments or short-term trades.
3 of the Best Stocks Under $15
Sirius XM (Nasdaq: SIRI)
|DAY RANGE||$6.57 – $6.72|
|YEAR RANGE||$5.69 – $6.88|
|MARKET CAP||$26 billion|
|AVG VOLUME||14.81 million|
Since dropping all the way down to $4.44 in March of 2020, Sirius XM stock has seen a nice rise all the way up to $6.70. The gain represents a 50.9% increase. And with more than 40 million Sirius XM and Pandora subscribers the company continues to perform well.
Additionally, Sirius XM has no competition in the publicly traded satellite radio space, making it one of the best stocks under $15.
Sirius XM has a $26 billion market cap and generated $2.25 billion in revenue for Q2 of 2022. The company’s revenue is up 4.35% year over year.
Also, the majority of stocks under $15 don’t pay dividends. This is because many of those companies still need time to grow. Sirius XM is an exception, currently paying out a 1.32% dividend yield.
Golden Ocean Group Ltd (Nasdaq: GOGL)
|DAY RANGE||$11.02- $11.25|
|YEAR RANGE||$7.59 – $16.46|
|MARKET CAP||$2.23 billion|
|AVG VOLUME||2.89 million|
Another stock that frequently shows up on lists of the best stocks under $15 is Golden Ocean Group. The Bermuda-based shipping company has a very good track record for dividend payouts. Operating in the Capesize, Panamax and Supramax segments, Golden Ocean Group is listed on the Nasdaq, as well as the Oslo Stock Exchange.
GOGL stock has certainly faced challenges including inflation, supply chain imbalance and the reduction of global freight rates. However since the steep drop off Golden Ocean Group stock saw in June of 2022, the general consensus is all of those issues are now priced in. This is why we believe GOGL stock to be one of the best stocks under $15.
And with the way things are going with supply chains, container ships will continue to play a viable role in the global economy. This could drive shares of Golden Ocean Group even higher.
Ford Motor Company (NYSE: F)
|DAY RANGE||$15.15- $15.70|
|YEAR RANGE||$10.61 – $25.87|
|MARKET CAP||$61 billion|
|AVG VOLUME||65.58 million|
Ford stock has seen more than a 50% drop since its January 2022 highs. However, since then the stock his climbed quite a bit, increasing more than 34% in the last month alone. And while it’s still trading at just over $15, that’s still close enough to make our list of the best stocks under $15.
Unlike so many other stocks, Ford Motor Company saw a huge increase at the start of the pandemic. There are many reasons for this. One is the positive sentiment around Ford’s increased commitment to the EV market. Ford believes it is winning the EV production battle as its years long waiting list continues to grow.
The company has secured the lithium-ion batteries it needs to meet its production goals. Ford is investing $3.7 billion in increased production of both gas vehicles and EVs. The company aims to produce 2 million electric vehicles annually by 2026.
Final Thoughts on the Best Stocks Under $15
While investing in stocks under $15 comes with a degree of risk, there is still a lot of upside in the right companies. And now that so many stocks have seen huge drop-offs over the past year, the number of cheaper attractive stocks continues to grow by the day.
Finally, if you want to stay up to date with all of the latest investment opportunities, you need to sign up for one of our free newsletters. Just visit our Best Investment Newsletter page, and pick one that fits your style.nasdaq stocks pandemic penny stocks
Best Penny Stocks To Buy? 4 To Watch Right Now
Best penny stocks to buy now? Check these out for your watch list this week.
The post Best Penny Stocks To Buy? 4 To Watch Right Now appeared first on…
Best Penny Stocks To Buy Now?
Ready to make your list of the best penny stock to buy now? Make sure you know what you’re looking for. In this volatile world of cheap shares, the risks can outweigh the reward in many cases. Besides the outside risk of things like dilution or the ever-so-elusive “manipulation,” the price of penny stocks, in general, can become a source of volatility. A few pennies can mean the difference between 5% and 50% or more.
Are you still here?
If you’re still reading, you understand the risks involved with buying penny stocks. You probably also understand the potential rewards too. Look at the countless stocks under $5 that have exploded in recent weeks. There’s nothing like it and i,f you can catch a breakout that might double or even triple your account, that’s time well spent, in my opinion.
Penny Stocks To Watch
So what’s happening in the stock market today? Tuesday is a quiet day for the broader markets ahead of major inflation data this week. On August 10th we se,e if, in fact, inflation has begun peaking or if the Federal Reserve has a larger task at hand. In any case, there are still plenty of hot penny stocks to watch, experiencing strong moves even in light of the broader market sentiment. The big question now is will they be the best penny stocks to buy or should they be avoided entirely?
- Gevo Inc. (NASDAQ: GEVO)
- Sunworks Inc. (NASDAQ: SUNW)
- T2 Biosystems (NASDAQ: TTOO)
- Akanda Corp. (NASDAQ: AKAN)
Penny Stocks to Buy [or avoid] 1. Gevo Inc. (NASDAQ: GEVO)
Energy stocks have been on fire this year thanks to everything from supply chain bottlenecks to geopolitical tensions. Besides traditional oil and gas, alternative fuels have gained appeal and Gevo Inc. has managed to take part of that spotlight in 2022.
The company produces liquid hydrocarbon used for transportation fuels and can result in a net-zero greenhouse gas emission solution. This year and prior, Gevo has managed to ink deals with large companies in commercial markets including a recent deal with American Airlines. Gevo will supply 100 million gallons per year of sustainable aviation fuel.
According to the latest round of earnings, Gevo now has more than 350 million gallons per year of financeable SAF and hydrocarbon fuel supply agreements. With a focus on carbon-efficient energy solutions and climate-friendly products, GEVO stock has come into focus in August.
2. Sunworks Inc. (NASDAQ: SUNW)
Sticking with the alternative energy stocks trend, Sunworks has steadily gained momentum over the last week. The company provides solar power and battery storage solutions for a range of applications. Residential, commercial, industrial, and agricultural markets fall under its umbrella. With the latest trend in strong industry earnings from companies like Sunrun, for example, speculative trading has shown sympathy sentiment take over.
This week, however, Sunworks reported its second-quarter results revealing that it wasn’t just sympathy sentiment driving the action. The company beat sales estimates after reporting $36.40 million compared to the $31.20 million that was expected. This was also a 13.4% increase from last year’s Q2.
“During the second quarter, we demonstrated measurable progress on our business transformation strategy, while continuing to capitalize on increased demand for our integrated solar solutions,” stated Gaylon Morris, Chief Executive Officer of Sunworks. “Net revenue and gross profit each increased on a year-over-year basis in the second quarter, driven by strong residential demand, while both orders and backlog increased to multi-year highs.”
Thanks to higher residential demand and an already bullish solar market, SUNW stock is on the radar this week. In addition, for chartists, the penny stock has once again made an attempt to break through the 200-day moving average, which has been a point of resistance for over a year.
3. T2 Biosystems (NASDAQ: TTOO)
By now, you know that there is a group of companies that are part of the monkeypox penny stocks niche in the market. These are companies with direct exposure to treatments, testing, or diagnostics involving the monkeypox virus. On our Twitter account, we highlighted TTOO stock as a diagnostic company that was made popular during the COVID pandemic, now, for the same reasons, it recently gained acclaim as a potential monkeypox stock to watch.
Fast-forward to this week, and T2 has released news highlighting exactly this. The company said it has plans to explore opportunities to develop a molecular diagnostic test for detecting the monkeypox virus.
“Our team has demonstrated the scientific expertise to develop new tests on our proprietary platform, including direct-from-blood and swab tests, and we believe the development of a molecular diagnostic test for the monkeypox virus is possible on our platform,” stated John Sperzel, Chairman and CEO of T2Biosystems. “Given the urgent nature of the monkeypox virus, and the potential for global transmission, we have communicated with the FDA and CDC, and we are exploring the potential to develop and commercialize a test for the monkeypox virus.”
With this TTOO stock has turned heads in the stock market today. The biggest question now is can the momentum last, or is today’s news a single-session catalyst?
4. Akanda Corp. (NASDAQ: AKAN)
They may be down, but marijuana stocks are certainly not out of the conversation. Akanda Corp. is a clear example of that in the stock market today. The company has a portfolio of subsidiaries giving it exposure to the global market ranging from cultivation to pharmaceutical production.
This week Akanda announced a new supply deal with European medical cannabis company Cansativa GmbH. The company will supply two EU-GMP quality strains of dried THC flower for distribution to all pharmacies in Germany through the Cansativa platform.
“This supply agreement with Cansativa represents one of the largest supply agreements in the nascent European medical cannabis industry and is certainly Akanda’s most substantial commercial development to date,” said Tej Virk, Chief Executive Officer of Akanda.
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Best Penny Stocks To Buy: 4 Short Squeeze Stocks To Watch Now
Penny stocks to buy: Here’s what short interest traders think
The post Best Penny Stocks To Buy: 4 Short Squeeze Stocks To Watch Now appeared first on…
Penny Stocks To Buy: What To Look For
This article will discuss a handful of penny stocks to buy according to those looking for short squeeze stocks. If you’ve seen our other articles about cheap stocks with high short interest, you know that there are a lot of risks that go along with potential rewards. A quick yield means everything to traders looking to catch a short squeeze. The moves up can be legendary, but the moves lower can bring crushing blows to anyway caught on the wrong side of the trade.
The last few weeks have shown the market exactly how massive short squeezes can grow. AMTD Digital (NYSE:HKD) was the fuse that sparked the snowball effect for these trading trends. This week that continued with the latest penny stock to squeeze: Intelligent Living (NASDAQ:ILAG).
In most cases, there is very little news, if any, to act as a fundamental catalyst. With the majority of short-interest stocks, technical aspects of trading take precedence. Case in point, ILAG stock exploded 260% within about a day’s worth of time and the company didn’t release a shred of news or a single corporate filing. But it does have a tiny float and bullish momentum heading into the Monday session, which set the stage for the latest move.
Penny Stocks To Buy With High Short Interest
Does this mean all penny stocks with high short interest are destined for massive breakouts? No, and there’s usually a reason for high short interest. It usually doesn’t coincide with companies doing record revenues or experiencing ongoing growth.
Short interest grows based on traders betting the stock will fail. They’ll short it by borrowing shares from a broker, selling them, then repurchasing them later when prices are lower to return the borrow.
How To Find Short Squeeze Stocks
When a short squeeze triggers, prices move in the opposite direction, forcing shorts to cover their positions early and either break even or take a loss. This short covering, paired with high levels of retail buying, triggers a more significant move in the stock.
Let’s look at a handful of penny stocks with higher short interest. Data we’ve found using resources like TrueTradingGroup.com’s Unusual Options & Short Data Tool.
- Karyopharm Therapeutics Inc. (NASDAQ:KPTI)
- Helbiz Inc. (NASDAQ:HLBZ)
- Purple Innovation Inc. (NASDAQ:PRPL)
- Ostin Technology Group (NASDAQ:OST)
1. Karyopharm Therapeutics Inc. (NASDAQ: KPTI)
KPTI Stock Price as of this Article: $4.85
What Does Karyopharm Therapeutics Do?
The commercial stage pharmaceutical company develops cancer therapies, including multiple myeloma, endometrial cancer, myelodysplastic syndromes and myelofibrosis. Its lead SINE compound and XPOVIO platform is approved in the US in three oncology indications. Last quarter, the company achieved net product revenue 44% higher than Q2 2021 at $29 million. It also received full marketing authorization by the European Commission Expanding Indication for NEXPOVIO (trade name in Europe) for adults with multiple myeloma.
A sales and earnings beat has helped build back some optimism that was lost over the last few months. It was also enough to raise the eyebrows of HC Wainwright analysts, who reiterated a Buy on KPTI stock and paired it with an $18 target.
KPTI Stock: A Short Squeeze Stock To Watch?
According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on KPTI stock is 25.11%.
2. Helbiz Inc. (NASDAQ: HLBZ)
HLBZ Stock Price as of this Article: $1.31
What Does Helbiz Do?
Another one of the names on this list of penny stocks is Helbiz Inc. The company specializes in “micro-mobility,” which is a fancy word for things like eScooters, eBikes, and eMopeds. Its fleet management technology uses artificial intelligence and environmental mapping to sustainably scale and manage its assets.
A recent partnership with Logan City Council in Australia will see Helbiz operate up to 400 eScooters and 400 eBikes later this month. “This latest partnership marks a significant step towards bringing safe, sustainable transportation alternatives to Australia. This announcement follows the plan to introduce 500 e-bikes in Sydney and 100 e-scooters in Alloggio resorts later this year,” said Mitchell Price, Helbiz Australia Managing Director.
HLBZ Stock: A Short Squeeze Stock To Watch?
According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on HLBZ stock is 32.64%.
3. Purple Innovation Inc. (NASDAQ: PRPL)
PRPL Stock Price as of this Article: $4.22
What Does Purple Innovation Do?
Purple Innovation is a slower and steadier mover compared to other names on this list of penny stocks. Shares have climbed from lows of $2.90 to highs of $4.40 over the last few weeks as PRPL stock attempts to reclaim some of this year’s losses.
You may have seen Purple advertised on social media for its “no pressure mattress” technology. The company offers “comfort solutions” ranging from mattresses and pillows to bedding and frames. This week investors are likely waiting to see if Purple can turn things around. The next round of earnings comes on August 9th, and guidance will probably be on the menu. Last quarter, Purple management cut its guidance.
Chief Executive Officer Rob DeMartini explained, “We remain in the early stages of creating the framework for strong operational execution. While we are making progress and believe we will see sequential improvements, including second-half profitability during this year, evolving economic and post-pandemic headwinds such as a shift in consumer buying behavior from online to in-stores and away from home related categories toward experiences and travel, has caused us to adopt a more conservative view on the remainder of 2022.”
PRPL Stock: A Short Squeeze Stock To Watch?
According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current short float on PRPL stock is 25.24%.
4. Ostin Technology Group (NASDAQ:OST)
OST Stock Price as of this Article: $3.12
What Does Ostin Technology Do?
Ostin Technology supplies display modules and polarizers in China. It recently secured a $2.6 million deal for a purchase order of LCD/TP display modules expected for use in iGame G-ONE Plus gaming PCs.
CEO Tao Ling said in a July update, “We believe our products are able to power the iGame G-ONE Plus AIO gaming PC and provide an unrivaled gaming experience for gamers. We are dedicated to meet our customers’ evolving needs and have focused on establishing and maintaining long term relationships with our customers, in an effort to ensure our sustained development and improved profitability.”
OST Stock: A Short Squeeze Stock To Watch?
Other than the short float percentage, the borrow fee rate is something that traders look at. This is a fee that a broker charges for borrowing shares. Typically, the higher the fee, the more difficult it is to borrow the stock. According to data from TrueTradingGroup.com’s Unusual Options & Short Data Tool, the current borrow fee rate on OST stock is 56.71%.
Penny Stocks To Buy For Beginners
If you’re brand new to trading penny stocks in 2022, here are a few good articles to check out and some extra info on the best way to learn how to day trade, swing trade, or invest for the long-term:
- How To Make Money Trading Penny Stocks During A Recession
- How To Find The Best Penny Stocks To Buy Using Fundamental Analysis
- Penny Stocks: Looking At The Big Picture For Tiny Stocks
- Buy Penny Stocks Like Hedge Funds Do: A How-To Guide
If you’re interested in learning more about penny stocks, the stock market, and how to trade, check out True Trading Group, the fastest growing & highest-rated online premium educational platform available today. True Trading Group offers a 7-day Trial of its platform for $3 (non-autorenewing, nonrecurring): To Learn More Click Here.
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Best Stocks Under $15 (2022) – InvestmentU
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