COVID-19 has left blue chips and stocks under $1 (penny stocks) most adversely affected, much like the overall macroeconomic situation. Covid is spreading worldwide again as of late, raising concerns that it still exists.
As a result of recent events, uncertainty and volatility have increased. Recent weeks have seen a rise in stocks under $1, but blue-chip stocks have remained flat. Keeping up with penny stocks can be an easy way to profit since they play by no rules.
The price of under-$1 stocks fluctuates, meaning they are speculative investments that are generally purchased in order to profit from shifting market conditions.
The volatility of penny stocks makes investing in them extremely risky because they are unpredictable. You should understand these stocks’ volatility before investing in them.
In order to make an informed investment decision, research in the relevant field should be conducted. You can make good money investing in penny stocks as long as you know the metrics and fundamentals.
Advaxis Inc. (NASDAQ: ADXS) is 72.07% higher on its value in year-to-date trading and has touched a low of $0.26 and a high of $1.57 in the current 52-week trading range. The ADXS stock was last observed hovering at around $0.60 in the last trading session, with the day’s gain setting it 28.15% off its average median price target of $2.25 for the next 12 months.
ADXS stock gained 29.42% during the last week and rose 37.39% over the last one-month period. Shares of this company’s stock rose 16.37% throughout the last quarter. Within the last six months, the stock has decreased -30.92%, with a full-year gain of 36.36%. At the time of writing, this stock’s year-to-date (YTD) price performance is now positive at 72.07%.
Greenpro Capital Corp. (NASDAQ: GRNQ) started the day on 09/10/21, with a price increase of 24.72% at $0.71. During the day, the stock rose to $0.7599 and sunk to $0.707 before settling in for the price of $0.7144 at the close. Taking a more long-term approach, GRNQ posted a 52-week range of $0.49-$3.18.
CETERA ADVISOR NETWORKS LLC bought a fresh place in Greenpro Capital Corp. (NASDAQ: GRNQ). The institutional investor bought 178.5 thousand shares of the stock in a transaction that took place on 6/30/2021. In another most recent transaction, which was held on 6/30/2021, RENAISSANCE TECHNOLOGIES LLC bought approximately 145.0 thousand shares of Greenpro Capital Corp. In a separate transaction that took place on 6/30/2021, the institutional investor, UBS SECURITIES LLC bought 12.0 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 0.90% of the company’s stock.
Molecular Data Inc. (NASDAQ: MKD) is currently trading at around $0.49, a price level that means its value has jumped 32.89% higher than its 52-week low. In intraday trading, MKD shares have hit a high of $0.5244 and a low of $0.423. The last 52 weeks have seen the company’s shares touched a high of $2.23 and a low of $0.37, while the recent trading session has witnessed an intraday change of just 19.37%.
The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. Molecular Data Inc. (NASDAQ: MKD)’s Williams Percent Range or Williams %R at the time of writing to be seated at 35.98% for 9-Day. It is also calculated for different time spans. Currently, for this organization, Williams %R is stood at 30.85% for 14-Day, 37.84% for 20-Day, 79.02% for 50-Day and to be seated 82.10% for 100-Day. Relative Strength Index, or RSI(14), which is a technical analysis gauge, is also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of Molecular Data Inc., the RSI reading has hit 48.76 for 14-Day.