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6 Penny Stocks To Buy According To Analysts, Targets Up To 322%

1 14 0
31.08.2021

There are plenty of different ways to find penny stocks to buy today. You could pile on the social sentiment trend to identify the next round of Reddit stocks to watch. You could also look into other catalysts like low float stocks to buy. Some traders, however, like to do more than follow the crowd.

There’s something to be said about researching stocks beyond just surface sentiment. Once you find interesting companies to add to your list, that’s when the real fun starts. That’s because if you aren’t a high-frequency day trader, you want to know A. Why a stock’s moving and B. If that move can sustain for longer than 60 seconds.

Thanks to the pandemic, plenty of new traders came into the stock market. Without work and constant stay-at-home orders, we’ve got an entirely new retail trading army that has materialized. But now that we’ve got an FDA-approved vaccine, things are starting to go back to “normal” in some senses. That also means people are going back to work and can’t sit in front of their trading accounts all day. So the latest short-squeeze stock could pose more of a risk since you can’t monitor the volatility minute-by-minute.

This is where we’ve seen an uptick in attention on analyst sentiment, believe it or not. While these stock market watchers aren’t always right, their views are generally on time frames beyond a day or a week. In this instance, I feel that traders are folding analyst insight into their overall diligence process. In today’s article, we’ll take a look at some hot penny stocks analysts are bullish on right now.

Esports and online betting are red hot this year. While I feel the industry is just getting warmed up, there are plenty of fresh faces and excitement to keep tabs on even during these emerging stages. Elys Game Technology is one of the penny stocks we’ve followed for months watching it climb from under $2 to over $8 at one point in 2021. This week’s trading action has picked up again, with August 31st becoming a big catalyst day.

Read more: Hot Penny Stocks To Watch As Bitcoin & Ethereum Surge

Elys announced that it received its Washington DC sports betting license. This news sent shares surging. If you’ve followed the broad strokes of this company’s story, you’ll remember what was said in its latest quarterly update.........

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