Penny Stocks Under $1 | Globalstar Inc, and Blue Apron On The Radar

Penny Stocks

Penny stocks are risky business. Shares trading for less than a dollar; even more so. Often, companies in this price range have suffered from a catastrophic downturn whether that was caused by operational issues or sector-wide issues. And because prices fluctuate tremendously, investors can easily believe there’s an opportunity to generate a high return quickly.

Of course, that does happen but the opposite happens more frequently. So be aware of the risks of penny stocks investing! For those who are sure they want to buy low, there are two potentials to consider.

Penny Stocks Under $1 – Globalstar Inc.

Globalstar Inc. (NYSE:GSAT) is currently selling for $0.69 USD. These penny stocks were climbing high in January when they doubled in value. But come April, GSAT shares lost most of those gains.

However, shares are on the climb once again having grown 21% in one week not too long ago. Now they look poised to potentially cross the $1 dollar mark. Investors will have to question though that if these shares couldn’t breach $1 two months ago, why will they now?

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According to Dwinnex.com, this company has a consensus rating of “Hold”. This wireless communications company is growing in demand. It provides mobile, satellite, voice, and data services across the globe.

Primarily used in search and rescue operations, Globalstar enjoys a userbase that is not limited and receives a lot of its revenue from the high-paying oil and gas sector amongst others.

Penny Stocks Under $1 – Blue Apron

Blue Apron (NYSE:APRN) penny stocks looked very promising when the company announced a partnership with Weight-Watchers (now WW International). Entering the weight-loss niche was a good move and stocks soared from January onwards.

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But WW International’s latest earnings report was disappointing and further, it was reported that 15 million shares were being offered at a discount to the price at the time. This news caused APRN shares to plunge.

Also, the sector continues to face increasing pressure from Amazon’s (NASDAQ:AMZN) entry into the online grocery space.  Investors must wonder if Blue-Apron is simply being eeked out. But for those who believe that Amazon can’t possibly kill every business out there, Blue Apron is one to watch. Shares are currently selling for $0.86 USD.

Always tread carefully when dealing in penny stocks and don’t invest more than you can afford to lose!

Featured Image: Deposit Photos/VadimVasenin