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Can These Penny Stocks Climb This Week? 4 To Watch Right Now



4 Penny Stocks to Add to Your Watchlist Right Now

After a more than shaky week of trading for both penny stocks and blue chips, investors are excited to get another week up and going. But, to make money with penny stocks, traders need to do two things. First and foremost, investors need to have a thorough and consistent understanding of what is going on in the stock market. This means knowing what events are occurring, how they will impact specific industries, and how your portfolio will be affected. – PennyStocks

[Read More] 3 Penny Stocks That Investors Are Watching Right Now And Why

The next thing that investors need to understand is how to trade penny stocks. This means knowing your investing strategy and standard methods for making money with penny stocks. While this may seem straightforward, investors need to consider plenty of nuances in this regard. For example, are you looking for penny stocks to buy and hold in the long term? Or, are you looking to make short-term swing trades? 

Regardless, knowing what type of trader you are is crucial to investing. So, while this is in no way a definitive guide on how to trade penny stocks, it should help to put you in the right direction. With all of that in mind, let’s take a look at three penny stocks to add to your watchlist in late January 2022. 

Penny Stocks to Watch This Week 

  1. WiMi Hologram Cloud Inc. (NASDAQ: WIMI)
  2. Aridis Pharmaceuticals (NASDAQ: ARDS)
  3. Baudax Bio Inc. (NASDAQ: BXRX)
  4. Progenity Inc. (NASDAQ: PROG)

WiMi Hologram Cloud Inc. (NASDAQ: WIMI)

In the past few trading days, shares of WIMI stock have climbed by over 10%. It’s worth noting that we’ve covered WIMI stock numerous times in that period for its consistent movement. One of the most significant pieces of news announced by the company came out on January 20th. It stated that the FCC approved its HoloAR Lens to enter the U.S. market. This is big news and puts WIMI in a great position to grow in the AR industry moving forward.

“WIMI HoloAR Lens, an augmented reality (AR) headset display (HMD) product, has been approved by the FEDERAL Communications Commission to enter the US market and will be widely used in virtual social, virtual entertainment, virtual education, virtual communication and other fields. In the first half of 2021, our global operating revenue increased approximately 202.2% year on year, our gross profit increased 189.8% year on year, our net profit increased 40.3% year on year, and our R&D expenses increased 463.6% year on year.”

The CEO of WIMI, Shi Shuo

These numbers are very exciting and are not yet fully reflected in WIMI’s value. So, for this reason, it could be an interesting penny stock to keep an eye on right now. Whether it’s worth adding to your list of penny stocks to buy, however, is up to you.

Penny_Stocks_to_Watch_WiMi Hologram (WIMI Stock Chart)

Aridis Pharmaceuticals (NASDAQ: ARDS)

Despite being beaten down for the last year, Aridis could be one of the top penny stocks to watch at the start of the week. The reason why has everything to do with events that unfolded late last week.

The biotech company sent out a tweet that read: “We are rescheduling our group call, as we have some very exciting #news coming. Stay tuned!”

But here’s the thing, that tweet has since been deleted.

ARDS removed tweet

Regardless, thanks to the uptick in new virus cases, Aridis has been in the spotlight. CEO Vu Truong, Ph.D. was interviewed on Fox Business last month and discussed the company’s pipeline including AR-701. The candidate has shown broad “potent neutralization” against all variants tested. The platform is designed to provide relevant drug levels “for up to 1 year” from prophylactic or therapeutic treatment according to the company. Shares surged in post-market trading on January 21.

In light of the interesting activity last week, the removed tweet, and a recently filed prospectus to raise up to $25 million, there’s a lot to be aware of right now. Whether this bullish trend continues or not is to be seen. But based on late afternoon trading to close the week last week, ARDS could be on the watch list to see how things being this week.

Baudax Bio Inc. (NASDAQ: BXRX)

Another penny stock that has been in the news recently is Baudax Bio Inc. Despite shooting down in value by over 85% in the past year, we’ve seen shares of BXRX stock begin to push up recently. If you’re not familiar, Baudax Bio is a pharmaceutical company working on the commercialization and development of innovative products.

[Read More] 5 Hot Meme Stocks To Buy For Pennies Right Now

Additionally, the company states that it produces ANJESO, a 24-hour intravenous NSAID for moderate to severe pain. Additionally, it has a sizable pipeline consisting of other drugs such as neuromuscular blocking agents and a proprietary chemical reversal agent for these NMBAs. A few weeks ago, the company announced a $4.2 million registered direct offering with H.C. Wainwright & Co.

The company plans to use these funds to commercialize ANJESO and develop other drugs in its clinical pipeline. Right now, there is a significant emphasis on biotech penny stocks. So, with that in mind, will BXRX be on your penny stocks watchlist moving forward?


Progenity Inc. (NASDAQ: PROG)

Progenity is another penny stock that we’ve covered numerous times in the past few months. If you’re not familiar, it is a biotech penny stock that develops products for use in gastrointestinal disorders and much more. Additionally, the company is developing molecular testing products as well as ingestible devices for diagnostic samples, genomics, and more.

The company’s primary focus is on making medicine as precise as possible through treatment personalization and the local delivery of drugs. Progenity also has a strong portfolio of drugs in its pipeline, such as Preecludia. In the past month, shares of PROG stock have dropped by around 40%. But, from the end of September through mid-November, shares jumped by over 200% before correcting.

So while Progenity can be highly volatile, it does look like it could have a lot to offer. As stated earlier, there is a significant emphasis right now on biotech penny stocks. Because of this, investors are watching PROG stock for what it could do in the future. With all of that considered, does PROG deserve a spot on your list of penny stocks to buy or not?


Which Penny Stocks Are You Watching Right Now?

If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. While it can be challenging to pick just a handful for your watchlist, investors can utilize the information they have on hand to do just that. Right now, there are plenty of factors that traders need to consider before investing.

[Read More] 3 Penny Stocks Under $1 For You List This Week

First and foremost, investors should have a well-thought-out trading strategy that adapts to the current stock market. Second, traders need to consider how current events will impact both industries at large and the penny stocks in their portfolios.

So, while it may be challenging to do so, there are many options to make money with penny stocks. But, it takes a commitment to understand the market and never trade with emotion. Considering all of this, which penny stocks are you watching right now?

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Dune: Awakening is an open world survival MMO



Dune: Awakening made its debut at The Game Awards as an open world survival massively multiplayer online game.

The game from Funcom and Nukklear looks beautiful, full of very detailed imagery of the desert planet Arrakis, also known as Dune. The game asked for beta signups, but we got no other information. Survival is the key word. Dune is a very deadly world, with sandworms and an unforgiving climate.

You can see places in the trailer like the city of Arakeen by day and night, as well as desert biomes and more. It’s not clear when it is coming. With luck, it will be close to the second Dune movie coming in late 2023.

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Rumors confirmed, Street Fighter 6 kicks off in June 2023



Fighting Game fans are excited now that Capcom announced that Street Fighter 6 is coming to PS5, PS4, Xbox Series X/S and PC on June 2, 2023. The game was initially announced in February 2022, but that reveal did not include a specific release date beyond 2023.

The trailer at The Game Awards focused on new mini games and the international setting. In addition to the 18 previously announced fighter, the trailer also confirms that several new fighters — Dee Jay, Manon, Marisa and JP — that will join the game’s roster.

Notably, the June 2 release date for Street Fighter 6 may be a strategic choice for Capcom. June is the very beginning of Q3.

The last installment of the franchise — Street Fighter V — released nearly seven years ago so fans have been eager for another installment. A day before The Game Awards, the game’s June release date was leaked via the PlayStation Store.

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5 Things to Do Now to Propel Your Business in 2023



Opinions expressed by Entrepreneur contributors are their own.

Entrepreneurship is a daily leap of faith. In times of economic uncertainty, that leap may feel like a dive off a cliff. We are in one of those times. It likely will take months to fully re-adjust to the forces that have pummeled the world’s economy, and to entrepreneurs, months can feel like years.

With the right playbook, entrepreneurs can survive and thrive in whatever economic scenario. Here are five things you can do to propel your business ahead now and through the difficulties of business cycles for years to come.

1. Learn the lessons of more challenging times

A rocky economy presents a unique opportunity to make tough decisions about the business plan. Everything is open to reexamination. How has the market changed? Are your customers facing challenges that create new opportunities for your solutions? How do new conditions change your assumptions, and what actions do you need to take in response?

Critically evaluate your product roadmap. Is this the time to pivot or become more aggressive with your current plans? Prioritize the highest margin features that are achievable in the next twelve months. Push out projects that don’t make that list, and re-assign resources accordingly. Re-assess pricing. Even as inflation tiptoes back from the highest levels in forty years, raw material and transportation costs remain way up. What will impact your customers if you adjust the pricing or add surcharges to offset these costs, at least temporarily?

It’s been a rough year for hiring. Many companies took the talent they could get. If there are employees or gig workers who would fare better in a different job, now is the time to let them go. Make tough-minded corrections that will pay off overall — corrections that might be avoidable in less challenging times.

Related: How to Turn Inflation and Recession into Your Largest Business Opportunity

2. Tighten your grip on cash

Venture capitalists are pulling back. In the third quarter, Crunchbase reported that funding for startups in U.S. and Canada fell 50% year-over-year. Valuations are down across the board. If you are fortunate enough to be a later-stage startup that benefited from VC largess in 2021, make your last raise last longer than intended.

Keep your dry powder dry, and put off going for another round until the markets even out. Reemphasize the basics for early-stage companies with less market validation and greater distance between now and a potential exit. Delay all capital expenditures. Leverage the hybrid work model if possible, to reduce rent and other office expenses. Continue with Zoom or Google Meet. Now is not the time to rack up travel costs. Re-negotiate fees and terms with service providers. Seek credit terms with key suppliers, in a word, bootstrap.

3. Talk to customers, in person. Now.

How have the business needs of your customers — whether paying or beta — changed over the last 18 months? Are there benefits to your solution that have more recognized value now? Nearly every business, for example, from corporates to startups, has been forced to re-learn the lessons of supply chain management. Startups that can help their customers make better business decisions based on artificial intelligence (AI), reduce costs by improving inventory management or protect against out-of-stock scenarios by identifying and building relationships with new, more local sources of supply will have an edge.

Related: Finding Validation in Serving Customers

4. Non-dilutive capital

According to PitchBook, venture capitalists are showing greater interest in portfolio companies “whose satellite, robotics and software tools can do double duty” in military and commercial markets. International conflicts are one reason, of course.

Another is that the defense and military security industries are generally viewed as recession-proof. Our firm routinely encourages portfolio companies to consider non-dilutive funding from the Small Business Administration — grants to support cutting-edge technologies range from $150,000 to more than $1 million.

Navigating the application process isn’t for the faint of heart. A startup must be realistic about the work involved, but in many states, there are resources to help. Besides the funding, severe responses to agency requests for proposals are reviewed and evaluated by technologists. At a minimum, this can be terrific feedback and a great source of industry contacts.

5. Blue-chip cultures attract blue-chip talent

Company culture can be an asset or a liability. An inclusive, rich culture helps key hires say yes. Finding stakeholders that believe what you believe and are aligned with your team’s values significantly improves the odds that they will stick with you in good times or bad.

After months of “great resignation” fever, the over-heated demand for talent may be cooling off. Maybe offers aren’t as fast or grand as they were a year ago. Maybe Twitter won’t be the only advanced technology business to let people go. Regardless, the search for great talent isn’t a faucet that a young company turns off and on. A startup might modulate the timing or the number of hires but stand at the ready to recruit and filter for culture fit.

Related: 3 Ways to Stay Competitive in the War for Talent

With the right mindset and intentional approach, an entrepreneur can make 2023 a year to strive and thrive. As Yogi Berra, my favorite baseball player of all time, said, “Swing at the strikes.” In business, like baseball, the right swing can turn even the most challenging pitch into a hit.

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