What Are the Top Penny Stocks to Watch?

What Are the Top Penny Stocks to Watch?

Penny stocks are a popular investment option for investors looking for high returns with low investment. However, investing inpenny stockscan be risky as they are often associated with small companies and low liquidity. In this article, we will discuss the top penny stocks to watch for investors in 2021.

1. Clean Energy Technologies, Inc. (CETY)

Clean Energy Technologies, Inc. is a renewable energy company that provides solutions for waste heat recovery systems and biomass power plants. The company's stock has been performing well in recent years due to the increasing demand for clean energy solutions. The stock is currently trading at $0.067 per share, and analysts predict it to have a potential upside of 200%.

2. Inovio Pharmaceuticals, Inc. (INO)

Inovio Pharmaceuticals is a biotechnology company that focuses on developing DNA-based immunotherapies and vaccines. The company's stock has seen a surge in demand due to its involvement in developing a potential COVID-19 vaccine. The stock is currently trading at $10.62 per share, and analysts predict it to have a potential upside of 67%.

3. Naked Brand Group Limited (NAKD)

Naked Brand Group Limited is a fashion and lifestyle brand that designs and sells intimate apparel, swimwear, and loungewear. The company's stock has seen a surge in demand due to its recent merger with Bendon Limited. The stock is currently trading at $0.87 per share, and analysts predict it to have a potential upside of 189%.

Investment Strategies for Penny Stocks

Investing in penny stocks can be a risky venture, and it is essential to have a sound investment strategy to minimize the risk. Here are some tips for investing in penny stocks:

1. Do your research: Before investing in penny stocks, make sure to do your research and understand the company's business model, financials, and potential growth prospects.

2. Diversify your portfolio: Investing in penny stocks can be risky, and it is essential to diversify your portfolio to minimize the risk.

3. Set a stop-loss order: Setting a stop-loss order can help you minimize losses in case the stock price falls below a certain level.

Investment Experience

Investing in penny stocks can be a rewarding experience if done correctly. One investor who has had a successful experience with penny stocks is Timothy Sykes. Sykes began investing in penny stocks in college with a $12,415 investment and turned it into a $1.65 million trading account. He attributes his success to his meticulous research and strictrisk managementstrategies.

Conclusion

Investing in penny stocks can be a high-risk, high-reward venture. It is essential to do your research, diversify your portfolio, and have a sound investment strategy to minimize the risk. Clean Energy Technologies, Inovio Pharmaceuticals, and Naked Brand Group are some of the top penny stocks to watch for investors in 2021.