The Best Penny Stocks to Buy Now? 3 to watch this week

3 Penny Stocks To Watch In August 2021

In August 2021, many penny stocks present buying opportunities. While it’s hard to say for sure where the market is heading, there are plenty of penny stocks that investors are watching right now. And to understand which one, we need to delve deep into the current trajectory of the market and where it might be heading in the long term.

It would make no sense to discuss stocks at this time without talking about the effects of the pandemic. And in August, the increase in the number of cases means that we are still far from being out of the woods. So as investors we have to take that and work with it in order to make money from penny stocks. Given the pandemic, we are finding that industries such as biotechnology, technology, and retail are some of the most popular right now.

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Although this is a wide range, within each of them are different penny stocks that might be worth watching. And as prudent investors, it’s our job to research every stock on our list. This includes understanding finances, balance sheets, rumors, speculative events and everything in between. So, with all of that in mind, let’s take a look at three penny stocks that have retreated from highs but could be one to watch before this week.

3 Penny Stocks For Your Watch List Right Now

1. GEE Group Inc. (NYSE: JOB)

2. Vislink Technologies Inc. (NASDAQ: VISL)

3. Timber Pharmaceuticals Inc. (NYSE: TMBR)

GEE Group Inc. (NYSE: JOB)

GEE Group Inc. is a company that provides recruitment and placement services to American businesses. It offers placement for employees in finance, office, medicine, accounting, etc. The company’s services are offered under the names Agile Resources, Access Data Consulting, Ashley Ellis and Omni-One, among others.

When the pandemic began, the number of jobs quickly fell to low levels. However, soon after, hiring started again and the number of unemployed fell compared to previous months. As a result, companies like GEE Group Inc. have become more popular with investors.

The story continues

On August 16, GEE Group released its financial results for the third fiscal quarter of 2021. Its revenue increased 43.1% year-on-year to $ 38.1 million. In addition, quarter over quarter, sales increased 9.6%. And, it should be noted that the gross profit of the GEE group grew 43% year-over-year and 26.7% quarter-over-quarter. All of these figures are exciting for both the company and investors. It remains to be seen whether this reflects the evolution of the employment market or the economic model of the GEE group.

Both this positive news and the future of the GEE stock are important to investors. With this new information in mind, is JOB a candidate for your penny stocks to watch list?

Vislink Technologies Inc. (NASDAQ: VISL)

Vislink is a technology company that designs, develops and delivers wireless communication solutions. Its products include MicroLite 3, which is a compact wireless HD transmitter used for live production. Most of the products offered by Vislink are intended for live production.

But, in addition, it also offers camera systems, transmitters, receivers, etc. Over the past year or so, the major shortage of microprocessors has resulted in a dramatically increased demand for technology products. And while Vislink is not a manufacturer of microprocessors, it could likely benefit from this increased demand. YTD shares of VISL are up over 40% which is a pretty solid achievement.

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On August 16, the company released its second quarter results for 2021. Vislink said its revenue was up 85% from its first quarter results of this year in this new report. In addition to this positive advance, the company’s orders increased by 250% in the first half of 2021.

These figures are exciting for the present and potential future of the company. And while they haven’t been reflected in its share price yet, it looks like Vislink is working hard to grow. So with that in mind, will VISL be on your penny stock watch list?

Timber Pharmaceuticals Inc. (NYSE: TMBR)

Timber Pharmaceuticals Inc. is a biotech penny stock that has been climbing over several recent trading sessions. Over the past month, shares of TMBR have risen more than 11% and more than 30% since the start of the year. The company mainly focuses on products at the clinical stage. Timber is currently developing and marketing treatments for orphan dermatological diseases. So why is TMBR stock rising in the market in August?

On August 10, the company provided an update on its operations and released its financial results for the second quarter of 2021. Chairman and CEO John Koconis said: “The Timber team has persevered despite the headwinds of the global pandemic to meet the clinical milestones we have achieved so far as well as those we plan to achieve over the next nine months.

The company expects to end recruitment for the Phase 2b trial of TMB-002 at the end of the third quarter of 2021. Timber ended the quarter with $ 6.1 million in cash and 36.7 million common shares in circulation. With this new information in mind, will TMBR be on your list of penny stocks to watch?

Are you looking at these Penny Stocks right now?

With so many penny stocks to choose from right now, it can be difficult to pick a few for your list. But, with the right research and dedication to finding information, it can be much easier than previously imagined.

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Considering that there are so many factors affecting the stock market right now, investors need to take everything into account. So, with all of that in mind, are you looking at these penny stocks right now?