5 Penny Stocks To Buy For Under $4 Right Now $AFH $AVGR $JE $WORX
Are You Looking for Penny Stocks to Buy & Price Matters?
Price may play a big role if you’re new to investing. Though I’m not saying these are “buys” or “sells,” I am pointing out that right now, these 5 penny stocks are trading below $4; one’s even below $1 at this point. But something to take note of is that all of these cheap stocks have enjoyed a great month so far.One of the things that I always talk about is doing your research. You can’t expect to become an overnight master of any topic. The stock market and penny stocks, in particular, are something you’ll never know everything about. You can keep your knife sharp, however, by looking past the simple headlines and researching things like upcoming earnings or pending industry meetings.
Penny Stocks Require Research
The idea that someone or a small group can tout a stock is important to understand. Why? It can help you get a better understanding of a particular move for a stock. Can it be sustained, is there news, are there reports, or is it just hype? Some of the biggest breakouts have hype, sure, but the most sustained will also come with material events to back up a longer-term move.Furthermore, just because a stock is lower in price doesn’t mean it’s the best penny stock to buy now. So always do your research before making any decisions on adding certain companies to your list of penny stocks to watch. Now, with this in mind, here are a few that have held an uptrend this month and may be ones to watch this week. All of these currently trade below $4.
Penny Stocks To Buy Under $4: Clearside Biomedical Inc. (CLSD)
The first on this list is Clearside Biomedical Inc. (CLSD Stock Report). The company is a biotech stock developing treatments for blindness. CLSD stock has been no stranger to our readers either with plenty of mentionsince early September.This could be an important week for Clearside. The company has awaited an FDA decision on Xipere. It’s used to treat macular edema associated with uveitis. Earlier this year, Clearside said that it expects a complete response letter around the PDUFA date, which is on or before October 19.
Since early September, shares of CLSD stock have climbed from lows of $0.57 to as high as $0.95 with an October 18 close of $0.82. Will these anticipated results finally be revealed this week and what will it mean for Clearside as a company?
Penny Stocks To Buy Under $4: Atlas Financial Holdings Inc. (AFH)
Another one of the penny stocks we’ve talked about this month, Atlas Financial Holdings (AFH Stock Report) has seen a recent uptrend. Earlier this month, AFH stock began its rally from around $0.33 to Friday’s new October highs of $0.78. This 100%+ rally didn’t happen without a few catalysts along the way.Specifically, “The Company will remain listed on The Nasdaq Capital Market subject to its timely compliance with certain conditions, including the filing of the Company’s Form 10-K for the fiscal year ended December 31, 2018 by January 31, 2020, and the filing of the Forms 10-Q for the quarterly periods ended March 31, June 30, and September 30, 2019 by February 28, 2020.”
Will this be enough to see AFH continue its bullish trend in October or is this the end of the line?
Penny Stocks To Buy Under $4: Avinger Inc. (AVGR)
Though this biotechnology penny stock doesn’t have expected results coming this week, Avinger Inc. (AVGR Stock Report) has garnered attention from recent developments. On October 17 there were a series of FORM 4 filings made. If you’ve read our articles during the last few months you know these are insider trading forms.“We are excited to report the launch of seven new clinical centers using Avinger’s best-in-class Lumivascular platform during the third quarter, as we continue to expand our geographic reach in the U.S. and bring highly differentiated new products to market.”Aside from this, we’ve discussed certain things about low float penny stocks in the past. According to data found online both on PennyStocks.com and other sites, the current outstanding share count of AVGR stock appears to sit somewhere around 10.3 million. For all intents and purposes, this could be considered a low float penny stock to watch.
Jeff Soinski, Avinger’s President and CEO
Penny Stocks To Buy Under $4: Just Energy Group (JE)
Another familiar face on this list, Just Energy (JE Stock Report) continued its bullish trend last week. The company has benefited greatly from the excitement across all areas of the energy sector recently. This boom was compounded earlier this month with the geopolitical events, which triggered more industry-wide momentum. In addition to this, the company also made significant progress when it came to its global expansion plans.Initially, the company will receive C$3.2 million at closing. The remaining balance will be paid out based on whether the Office of Gas and Electricity Markets or the Department for Business, Energy and Industrial Strategy reinstitute market payments in the UK during a specific time frame.
But the company is confident in these operations as they supply about 200,000 UK residential customers as is. There are also about 2,000 commercial customers under contract too. On top of this, the company announced that it found roughly C$20 million in annualized cost savings via its ongoing optimization strategy. Given this, can JE stock keep this bull trend going?
Penny Stocks To Buy Under $4: SCWorx Corp. (WORX)
If SCWorx (WORX Stock Report) seems familiar, that’s because it is. Last week I wrote about 4 low float penny stocks to buy or watch this month. WORX stock was one of them. Since publishing that article on October 14, SCWorx has rallied strong. The company hasn’t been sitting back waiting for things to happen. SCWorx appointed a new board member to help with deal-making, Steven Wallitt. On top of this, it’s coming off of its own recent deals.Will this low float penny stock continue to trend higher this week or is it time to get ready for the bears?
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* This article was originally published here
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