3 Reddit Penny Stocks To Watch In September 2021
Reddit is one of the most popular places for investors to find penny stocks. Among social media channels like Twitter and Discord, Reddit remains very influential on penny stocks and blue chips that retail investors will consider. There are a number of reasons for this, but the most important is that Reddit started the retailer movement.
Starting with GME stocks, traders came together to invest in companies with which they had an emotional connection. In addition, these traders were looking to beat large institutional short positions. And as a result, many stocks have been referred to as “memes stocks” for their online trending status. While it is important to determine if a penny stock is mentioned online, it is just as important to consider its fundamentals.
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Without looking at the numbers, it can be easy to get lost in the hype, where traders can often lose significant amounts of capital. But, if investors have a thorough understanding of a company’s underlying financial data and business plan, it can be much easier to make money with penny stocks. With all of that in mind, here are three penny stocks to watch out for that are frequently mentioned on Reddit.
3 Penny Stocks To Watch On Reddit Right Now
- Metromile Inc. (NASDAQ: MILE)
- Atossa Therapeutics Inc. (NASDAQ: ATOS)
- GEE Group Inc. (NYSE: JOB)
Metromile Inc. (NASDAQ: MILE)
Metromile Inc. is a penny stock that has seen stable bullish momentum over the past few days. This company offers auto insurance services in which the customer pays per mile. It also empowers an AI claims platform to automate claims and reduce losses caused by fraud. On top of that, his product, The Pulse, plugs into the customer’s car diagnostic port and sends data over wireless networks.
On September 7, Metromile and Tokio Marine Group teamed up to reduce insurance fraud. Tokio now uses Metromile’s AI fraud detection product called DETECT in all of its P&C businesses in Japan. Tokio believes it has managed to find allegations of suspected fraud with greater precision than its current competitors.
“Metromile Enterprise’s technology provides Tokio Marine with a richer context and more sophisticated claims segmentation so that they can detect more fraud, more accurately and more profitably.”
Metromile CEO Dan Preston
This was positive news for Metromile, which has experienced frequent spikes in the market. While stocks have fallen significantly in recent months, some investors are showing potential for the future of the company. Given this information, will MILE stocks be on your penny stock watch list this week?
Atossa Therapeutics Inc. (NASDAQ: ATOS)
Atossa Therapeutics Inc. is a penny stock that has climbed over 25% in the past six months and over 260% since the start of the year. In some settings, ATOS is a clinical-stage biotechnology company that discovers and develops drugs for oncology and infectious diseases. It should be noted that we have been discussing the ATOS stock for several months now due to both its market dynamics and the significant rises during this period. One of its major clinical programs today is endoxifen, an active metabolite of tamoxifen. Currently, its product Endoxifen is in phase II clinical trials to treat and prevent breast cancer.
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On September 2, the company received approval from the Swedish Ethics Review Authority to start a Phase 2 clinical study of oral endoxifen. The aim of the trial is to reduce mammographic mammography density in Sweden. It is a health problem that affects more than 10 million women in the United States, and many more around the world. This study will be known as the Karisma-Endoxifen study.
“With this ethics approval and the previously reported regulatory approval to conduct the clinical study, we plan to begin enrolling participants in the fourth quarter of 2021. We are delighted to be working with Dr. Per Hall, a global leader in the field. breastfeeding. density reduction, again with our Endoxifen program.
Chairman and CEO of Atossa, Steven Quay
Right now, there is a considerable amount of momentum with biotech penny stocks. And as a result, many investors are looking for the best to buy. Given this, will ATOS stocks be on your watchlist in the future?
GEE Group Inc. (NYSE: JOB)
GEE Group Inc. is a penny stock that we have discussed many times over the past six months due to its intraday highs and trending status. After a significant period of consolidation a few months ago, it looks like JOB is starting to feel bullish again.
If you haven’t heard of GEE Group Inc., it is a company that provides permanent and temporary placement and placement services. The services offered by GEE Group are intended exclusively for the United States, where there is a significant market for this activity. The company offers internships in technology, accounting, office automation, and medicine, among others, for direct hire and contract staffing services.
On August 16, the company announced results for its fiscal third quarter 2021. GEE Group revenue increased 43.1% year-on-year in this quarter to a total of 38.1 million. dollars. Its gross profit also rose to $ 4.2 million or 43% over the same period. Its gross margin was also higher at 490 basis points overall. These numbers are exciting for the company, although it seems they have yet to be reflected in its share price. Plus, this follows several quarters of less than stellar financial results, which is an exciting prospect to consider.
“Sales exceeded $ 38 million, which represents the highest quarterly revenues achieved by the Company since the same quarter two years ago in fiscal 2019. There is no doubt that the Demand has returned across all of our businesses since the lows of last year and we have now experienced steady quarterly revenue growth and overall improvement in bottom lines since the June quarter of last year.
Chairman and CEO of GEE Group, Derek Dewan
If we consider that there is a growing need for jobs in the country following the pandemic, we see that JOB could continue to see increased demand. With that in mind, will JOB stock be on your penny stock watch list?
Why You Should Care About Reddit Penny Stocks
Finding the best penny stocks to buy on Reddit can be a great way to make money with small caps. However, investors should always use a combination of trading and research strategy to do this. Reddit penny stocks have become commonplace in the stock market and have led to incredible gains.
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But, if you are not careful, they can also lead to significant losses. If we consider Reddit’s influence on penny stocks, we see that there is a lot to look forward to in the coming months. With all of that in mind, which penny stocks are on your watch list right now?