Promising Penny Stocks To Keep An Eye On – August 13th

Momentus, Ondas, X4 Pharmaceuticals, Opendoor Technologies, Tilray Brands, RumbleON, and Direxion Daily NVDA Bear 1X Shares are the seven Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of small companies that trade at low prices—typically below $5 per share—and are often listed on over-the-counter (OTC) markets rather than major exchanges. Because these stocks have limited trading volume, less stringent reporting requirements and minimal analyst coverage, they tend to be highly volatile and carry a greater risk of price manipulation. Investors interested in penny stocks should conduct thorough due diligence before buying. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Momentus (MNTS)

NASDAQ MNTS traded up $1.16 during trading hours on Wednesday, reaching $2.27. The company’s stock had a trading volume of 292,494,378 shares, compared to its average volume of 2,758,793. The firm has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $2.08. Momentus has a 52 week low of $1.03 and a 52 week high of $28.56.

Ondas (ONDS)

Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.

Ondas stock traded down $0.73 during mid-day trading on Wednesday, hitting $3.57. 81,279,119 shares of the stock were exchanged, compared to its average volume of 13,984,225. The company has a quick ratio of 0.65, a current ratio of 0.86 and a debt-to-equity ratio of 0.01. Ondas has a 12 month low of $0.54 and a 12 month high of $4.39. The firm’s fifty day simple moving average is $2.09 and its two-hundred day simple moving average is $1.42. The stock has a market capitalization of $640.13 million, a price-to-earnings ratio of -6.20 and a beta of 2.29.

X4 Pharmaceuticals (XFOR)

X4 Pharmaceuticals, Inc., a late-stage clinical biopharmaceutical company, focuses on the research, development, and commercialization of novel therapeutics for the treatment of rare diseases. Its lead product candidate is mavorixafor, a small molecule inhibitor of the chemokine receptor C-X-C chemokine receptor type 4 (CXCR4), which is in Phase III clinical trial for the treatment of patients with warts, hypogammaglobulinemia, infections, and myelokathexis syndrome; and Phase II clinical trial to treat congenital, idiopathic, or cyclic neutropenia.

X4 Pharmaceuticals stock traded up $0.54 during mid-day trading on Wednesday, hitting $3.12. 74,265,150 shares of the stock were exchanged, compared to its average volume of 1,543,426. The firm’s fifty day simple moving average is $2.15 and its two-hundred day simple moving average is $6.36. The stock has a market capitalization of $18.03 million, a price-to-earnings ratio of -0.21 and a beta of 0.60. The company has a quick ratio of 3.58, a current ratio of 3.19 and a debt-to-equity ratio of 19.10. X4 Pharmaceuticals has a 12 month low of $1.35 and a 12 month high of $26.83.

Opendoor Technologies (OPEN)

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer.

Shares of NASDAQ:OPEN traded down $0.05 during mid-day trading on Wednesday, hitting $2.43. The company had a trading volume of 88,057,484 shares, compared to its average volume of 106,057,156. The firm has a fifty day moving average price of $1.27 and a 200 day moving average price of $1.14. The company has a market capitalization of $1.77 billion, a PE ratio of -5.64 and a beta of 3.02. The company has a debt-to-equity ratio of 2.58, a current ratio of 4.35 and a quick ratio of 1.97. Opendoor Technologies has a one year low of $0.51 and a one year high of $4.97.

Tilray Brands (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Shares of NASDAQ:TLRY traded up $0.27 during mid-day trading on Wednesday, hitting $1.23. The company had a trading volume of 154,609,922 shares, compared to its average volume of 39,258,469. The firm has a fifty day moving average price of $0.55 and a 200 day moving average price of $0.61. The company has a market capitalization of $1.35 billion, a PE ratio of -0.53 and a beta of 1.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.46 and a quick ratio of 1.49. Tilray Brands has a one year low of $0.35 and a one year high of $1.98.

RumbleON (RMBL)

RumbleOn, Inc. primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.

Shares of NASDAQ:RMBL traded up $1.18 during mid-day trading on Wednesday, hitting $3.18. The company had a trading volume of 39,874,812 shares, compared to its average volume of 45,994. The firm has a fifty day moving average price of $2.29 and a 200 day moving average price of $2.82. RumbleON has a one year low of $1.46 and a one year high of $7.06. The company has a debt-to-equity ratio of 8.00, a current ratio of 1.14 and a quick ratio of 0.27. The company has a market capitalization of $120.02 million, a PE ratio of -1.06 and a beta of 1.27.

Direxion Daily NVDA Bear 1X Shares (NVDD)

NASDAQ NVDD traded up $0.03 during mid-day trading on Wednesday, hitting $4.05. The company’s stock had a trading volume of 29,830,766 shares, compared to its average volume of 13,602,803. The company’s 50 day simple moving average is $4.60 and its 200 day simple moving average is $5.90. Direxion Daily NVDA Bear 1X Shares has a twelve month low of $4.00 and a twelve month high of $8.98.