4 Penny Stocks To Watch That Rise In June 2021
Will These Penny Stocks Be On Your June Watch List?
June has already started well for penny stocks. However, with thousands on the full list of penny stocks to watch out for, it can sometimes be difficult to pick a few. So, to make this easier, let’s go over some crucial steps every investor should take.
First of all, creating a watchlist of penny stocks is the best way to stay ahead of the game. We’ve covered this a number of times, so if you read PennyStocks.com often, you’re probably familiar. If not, it involves researching, selecting individual stocks to watch, and then further researching. Being the best penny equity trader isn’t about having a trading secret. Rather, it all comes down to understanding a business from start to finish.
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For this reason, the next step is to fully dissect a business. The first step is to dissect your finances. What does his balance sheet look like? How much free money does he have? Does it have any income / loss? These questions alone will determine whether a business could maintain its gains or experience a string of losses.
The last step is to look at the speculative factors that affect it. What recent news has come out? Does the company provide updates? Are there any upcoming events to watch out for? With penny stocks, speculation tends to be extremely high, so this is very important to consider. All things considered, here are four penny stocks to watch that rise in June.
4 Penny Stocks To Watch In June 2021
- Senseonics Holdings Inc. (NYSE: SENS)
- Asensus Surgical Inc. (NYSE: ASXC)
- Senmiao Technology Ltd. (NASDAQ: AIHS)
- Lion Group Holding Ltd. (NASDAQ: LGHL)
1. Senseonics Holdings Inc. (NYSE: SENS)
Biotech penny stocks like Senseonics Holdings Inc. have recently been huge in the market. This biotechnology company focuses in particular on medical technology. Senseonics develops and markets continuous glucose monitoring systems for people with diabetes. Its products include Eversense and Eversense XL, both of which are implantable CGM systems for measuring glucose levels in people through a sensor under the skin. It also has a removable and rechargeable smart transmitter and monitoring app.
A week ago, the company announced the results of its PROMISE study which demonstrates the high accuracy of its CGM sensor at 180 days. The confirmed hypoglycemic alert detection rate was 93% for the primary sensor and 94% for the SBA sensor.
“As we await news from US and European regulatory agencies regarding our pre-market data submissions for primary and SBA sensors, we are delighted to continue to offer Eversense CGM systems in the US and Europe with our partner. marketing. , Ascensia Diabetes Care.
President and CEO of Senseonics, Tim Goodnow, Ph.D.
Prior to the announcement, SENS stock was around $ 2 per share on average. Last week, SENS skyrocketed to over $ 3.60 per share. With that in mind, will SENS make your list of penny stocks to watch?
2. Asensus Surgical Inc. (NYSE: ASXC)
Asensus Surgical Inc. is another biotech penny stock currently showing strong market performance. Asensus researches, develops and sells robotics for medical devices. Its products aim to improve minimally invasive surgery.
The company manufactures a digital interface between surgeons and patients. Its Senhance Surgical System is a robotic surgical device that allows up to four arms to control robotic instruments and a camera. Its SurgiBot system is a single port robotic laparoscopic surgical platform. On June 8, the company announced that it would join the Russell 2000 and Russell Microcap indices. This will take effect after the US markets open on June 28.
“We are excited to be a part of the Russell 2000 Index and believe our inclusion will increase our visibility and exposure to investors. This milestone is a testament to our hard work to create shareholder value through our strategy and bring the transformative technology of the Senhance System to surgeons, hospitals and patients around the world.
President and CEO of Asensus Surgical, Anthony Fernando
The ASXC share price has risen significantly over the past month. As of May, ASXC stock was at $ 1.69 per share on June 11th. As of June 10, ASXC stock is now over $ 3.20 per share on average. At the end of 2020, this biotech penny stock was not even worth $ 1 per share. With all of this information to note, will you add ASXC to your penny stock watch list?
3. Senmiao Technology Limited (NASDAQ: AIHS)
Senmiao Technology is a financial technology company that has performed well in the market in recent days. Senmiao mainly focuses on automotive transaction services. In addition to this, he is also involved in auto sales and auto finance services. Senmiao also has a cooperation agreement with Gaode Map for carpooling initiatives in China. So what is it that causes the AIHS stock to go to the moon?
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Senmiao’s recent significant rise is linked to the strategic cooperation she just launched with Didi on June 10. Didi is the best online carpooling service in all of China. Didi Open Platforms will now serve as an order aggregator for Senmiao.
“Since our initial launch in October 2020, Senmiao’s online carpooling platform has seen impressive growth as we have expanded to other cities with plans to launch into other major metropolitan areas where carpooling has become increasingly popular as a mode of transportation. We are delighted to have the support of a major player in the sector like Didi and look forward to this extended partnership.
Senmiao Chairman and CEO Xi Wen
It certainly brought a lot of new eyes to the title as it rose over 13% on June 10. With this new strategic partnership in the offing, could AIHS make your list of penny stocks to watch?
4. Lion Group Holding Ltd. (NASDAQ: LGHL)
Lion Group Holding Ltd. is another financial services penny stock based in Hong Kong, China. Lion operates a trading platform that offers a variety of financial services. This includes contracts for difference trading, asset management, futures / securities brokerage, insurance brokerage, etc. It also provides total return trading services.
The latest update posted by this company sparked a month of positivity for LGHL stock. On May 13, the company formed Lion NFT Limited, its new non-fungible token company. The company said it provides services to top artists through NFT and is launching related works of art.
The 7.9% share price increase that LGHL shares experienced on June 10 was not due to any company-specific news. It’s likely that the company is still seeing a lot of activity due to its relationship with TVNs and the hype surrounding them. That being said, is LGHL a competitor for your list of penny stocks to watch?
What Penny Stocks are you looking at right now?
Choosing a list of penny stocks to watch comes down to understanding the flow of the market. With so many events going on right now, the movements are at a very high level. Given that, it’s easy to get lost in the constant momentum we’re seeing in June 2021.
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However, with the right research and a dedication to finding information, making a penny stock watch list can be easier than previously imagined. With all of that in mind, what penny stocks are you looking at right now?