5 Nasdaq Penny Stocks to Watch Next Week

Nasdaq penny stocks

The coronavirus pandemic has caused a lot of market volatility, and major indices such as the Dow Jones, Nasdaq, and S&P 500 are experiencing significant movements each day. The volatility has resulted in a huge investment opportunity for investors seeking to buy Nasdaq penny stocks. The US Federal Reserve announced a stimulus package to ease the impact of COVID-19 on the economy, boosting confidence, and markets picked up some gains.

Penny stocks trade below $5 per share and their affordability makes them a suitable investment for risk-hungry traders looking to make quick bucks. Although the stocks are cheap, it doesn’t necessarily mean they are bad. If you are looking to invest in penny stocks, here are 5 Nasdaq penny stocks that are currently trading at attractive price levels:

5 Nasdaq Penny Stocks to Watch Next Week: AVEO Pharmaceuticals Inc. (NASDAQ:AVEO)

Nasdaq penny stocks

AVEO Pharmaceuticals stock has been on a good run this week, jumping 60%. In the last session, the stock gained 41.45%.  Mid-March, the company reported its Q4 earnings, posting a $4.5 million loss compared to a profit last year.

The company said its net loss was $0.28 per share, which beat Wall Street estimates. Analysts expected a loss of $0.58 per share. Q4 revenue came in at $764,000, while the full-year revenue was $28.8 million, with net income around $9.4 million or $0.16 per share.

5 Nasdaq Penny Stocks to Watch Next Week: Ideanomics Inc. (NASDAQ:IDEX)

In the last week, Ideanomics shares have surged 190%. In the last session, the stock continued higher, gaining another 50%.  The trigger for the stock came mid-March when the company announced a strategic agreement with BeiBen Heavy Truck Co. Ltd. The partnership agreement will help the company expand in Southeast Asia via Treeletrik, beginning with the port of Qingdao and inner Mongolia mines.

>> 5 Robinhood Penny Stocks Gaining Momentum This Week

The company had also indicated that the Qingdao-MEG Sales Centre will begin sales operations as of May 1. MEG will be joined by several other partners, include EV and EV battery manufacturers, energy storage, financial services, and insurance partners, among others.

5 Nasdaq Penny Stocks to Watch Next Week: BroadVision Inc. (NASDAQ:BVSN)

Nasdaq penny stocks

BroadVision is up around 165% this week following the announcement that the company is partnering with Vsomo Inc to offer the Telework Jumpstart Program at no cost. Organizations are implementing telework initiatives to help people following the “shelter-in-place” decree to combat the spread of coronavirus.

The company will provide the Telework Jumpstart Program free of charge for one year. Vmoso CEO Pehong Chen stated that because every organization is offering telework services, they felt obligated to offer the Vmoso platform free of charge for everyone.

5 Nasdaq Penny Stocks to Watch Next Week: Alphatec Holdings Inc. (NASDAQ:ATEC)

Alphatec Holdings has surged 63% this week and continued on an upward trend in the last session by jumping 21.31%. Early this month, the company finalized a $122 million acquisition agreement for EOS imaging. The company finalized the deal for up to $88 million in cash, plus equity, and $33.9 million in settlement of a debt.

The addition of the EOS technology will help the company advance its AlphaInfomatiX platform. Equally, it will help develop predictive analytics as well as AI-empowered surgical planning. The acquisition will immediately expand the company’s revenue base and offer international infrastructure for Alphatec’s global re-expansion plans.

5 Nasdaq Penny Stocks to Watch Next Week: VBI Vaccines Inc. (NASDAQ:VBIV)

Nasdaq penny stocks

After dropping early this month, VBI Vaccines stock has been on an upward trajectory this week, currently up 30%.  Early this month, the company reported a loss of $0.02 per share in the fourth quarter against consensus estimates of $0.06 per share.

The company reported revenue of $0.57 million in the quarter, coming short of estimates by 40.83%. Last year, VBI reported $2.68 million in revenue.  In the last four quarters, the company has only surpassed consensus revenue estimates twice.

Key Takeaway

Currently, the coronavirus pandemic is causing a lot of volatility in the market, and this creates an opportunity for penny stocks to attract attention. For these 5 Nasdaq penny stocks, the current market conditions create a unique opportunity thanks to their discounted prices.

>> Read More Penny Stock News

Featured image: Pixabay

Please See Disclaimer

If You Liked This Article Click To Share

Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Microsmallcap.com or its officers. The author is wholly responsible for the validity of all statements. Microsmallcap.com was not involved in any aspect of the article preparation. The author was not paid by Market Jar Media Inc for this article. The author did not pay Microsmallcap.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Microsmallcap.com's terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Microsmallcap.com does not render general or specific investment advice. Any information on Microsmallcap.com should not be considered a recommendation to buy or sell any security. Microsmallcap.com does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.