Investment is one of the significant things you have to do in your life. There are many ways you can invest your money – either real estate, stocks, starting a business among other ways. The common method of investment highly preferred by most successful investors is stocks.
Some of the most preferred stocks are penny stocks. If you want to invest in penny stock, and probably biotech penny stocks are the ones to watch. Recently, penny stocks have become extremely popular. They have low prices but have higher volatility, which makes them potential for fast portfolio growth.
Luckily, there are countless penny stocks you can buy. This gives you an option to pick some of the best pennies. When you’re building top biotech penny stocks to watch, there are a few things to keep in mind.
Things You Should know
Before you venture into trading penny stocks, there are essential things to know. To have an understanding of penny stocks; read on.
First, trading penny stocks is a riskier investment you can make similar to the blue chips. This is because market trends, social media, and news will hold a significant influence on price movements.
The low cost highly influences the price fluctuations frequently. This will therefore lead to significant intraday gains and bigger losses. Therefore, before you invest in penny stocks, do your research of the best penny stocks – particularly with the game-changing biotech penny stocks.
Secondly, the next thing you should consider before buying penny stocks is the current events. Sometimes, this seems obvious but most investors aren’t considering micro and macroeconomic events.
Because penny stocks are extremely volatile, there will be a huge influence on prices to take into account. And with biotech penny stocks, they are more influential.
Understanding Why Biotech Penny Stocks Could Be Game Changer
Biotech as an industry is one of the most speculative. In most press releases, you will know there is a newly approved drug or other simple things that could impact price movement. And these could either be positive or negative. What’s most important is understanding the penny stocks in detail.
Coronavirus has impacted vastly an increase on biotech penny stocks. Some companies such as Moderna Inc, Johnson and Johnson, Pfizer Inc, and others are the leading bio-chip biotech wave. However, there are also other small caps you can watch as well.
The important thing is to look for a firm involved with COVID-19. Nonetheless, there are also other companies not involved with treatment or vaccines having the momentum worth watching.
What Biotech Companies Should You Watch?
Besides the major companies involved with Coronavirus, these are biotech companies worth checking:
- Asensus Surgical Inc
- GT Biopharma Inc
- Citius Pharmaceuticals Inc
- Atossa Therapeutics Inc
- GT Biopharma Inc
Today, Biotech is at the cutting edge in science. Each year, there will be many companies producing novel drugs, researches, and medical devices. This makes the innovative sector keep thriving making it favorable during market uncertainties.
That said you may need to keep watching the above biotech penny stocks in 2021.