3 Penny Stocks For Your January 2022 Watchlist
With another day of trading penny stocks here, there are plenty of factors on the table to consider. As we all know, the Omicron variant has continued to have the largest impact on both penny stocks and blue chips over the last month or so. And, with stock futures trading higher alongside bullish momentum in the last day or two, investors seem excited about the future.
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Recently, news came out showing that the Omicron variant could have a lower risk of resulting in hospitalization among patients. This is comforting news as little was known about the variant only two or three weeks ago. So, because of this, we have seen sizable market gains since Wednesday, December 22nd, which represents a small bullish turnaround from the previous few days. With all of this in mind, let’s take a look at three penny stocks to watch in January 2022.
3 Penny Stocks to Watch in January 2022
- Transocean Ltd. (NYSE: RIG)
- Ambev ADR (NYSE: ABEV)
- BioRestorative Therapies Inc. (NASDAQ: BRTX)
Transocean LTD. (NYSE: RIG)
Transocean Ltd. is a well-known penny stock that has increased by over 32% in the past YTD period. If you’re not familiar, Transocean specializes in providing offshore oil and gas drilling services. The company fulfills its sizable contracts by providing drilling rigs, equipment, and experienced work crews. Currently, it owns around 37 mobile offshore drilling units. This is comprised of ultra-deepwater floaters and harsh environment floaters. On top of all this, RIG is waiting on the construction of more ultra-deepwater drillships to increase the size of its fleet. And with the price of oil increasing substantially over the past few months, many investors have kept eyes on RIG stock.
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Recently, Transocean announced the formation of a joint venture with Intellilift to commercialize products and services for digital well needs. The joint venture will aptly be named, Inteliwell and will use smart data for a large range of well-related services. This includes real-time monitoring, drilling control, digital systems, and much more.
This is a big deal for both Transocean and Intellilift as tech is a major part of the oil and gas ecosystem right now. While no major news has come out of RIG stock in the past few weeks, we often see its price move with the larger movement of the oil and gas industry. With all of that in mind, will RIG stock be on your penny stocks watchlist moving forward?
Ambev ADR. (NYSE: ABEV)
Ambev ADR is a penny stock that we have covered frequently over the past year. If you’re not familiar, Ambev is a beverage distributor that offers a diverse range of beer, soft drinks, and some food products. It’s well-known beverage selection remains the cornerstone of its business. Budweiser, Bud Light, Stella Artois, and Corona are some of the popular brands that Ambev produces, which shows the sheer popularity of its offerings. While ABEV stocks performance so far this year is nothing to write home about, we have seen several bullish moves with the company in the past month or two. However, due to its sheer size and the role it plays in the beverage industry, Ambev remains an important part of the alcohol export market.
During the pandemic Ambev saw several periods of both positive and negative momentum. The demand for alcohol seems to increase in both times of economic turmoil and prosperity. In its Q3 2021 ABEV posted n over 57% rise in YoY profits with net revenue rising by almost 19%. These are substantial gains and reflect the heightened demand in Brazil, Central America, the Caribbean, and more.
It is also important to keep in mind the potential Ambev might have as the world continues to reopen in the coming future. This is one of the reasons that we have coined it as a reopening penny stock to watch. Considering all of this, do you think that ABEV stock deserves a spot on your list of penny stocks to watch next month?
BioRestorative Therapies Inc. (NASDAQ: BRTX)
BioRestorative Therapies is as its name implies, a biotech penny stock that focuses on developing products to restore different bodily functions. While it technically is no longer a penny stock at over $5 per share, it was only a day ago. Following a 17% gain on December 22nd, shares quickly corrected for a 10% five-day gain. While shares of BRTX stock are down by over 80% YTD, its recent gains could provide a case for a potential bullish turnaround.
For some context, it uses stem cell technology as well as tissue treatment for both spine diseases and metabolic disorders. brtxDISC is its well-known disc and spine program and is its leading therapeutic candidate. It utilizes BRTX-100, which uses autologous cultures mesenchymal stem cells made from the patient’s bone marrow. This increases the functionality of the compound and can be injected directly into damaged parts of the body by a physician. Last month, the company closed on a $23 million capital raise which helped it to fully fund the Phase 2 trial for BRTX-100.
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Aside from this, ThermoStem is BRTX’s metabolic program which primarily targets metabolic and obesity disorders. By mimicking brown adipose tissue it has found that it can induce caloric burning and reduce fat levels. Over the past five days, BRTX has seen a bullish push of over 17%. This is coming off the recent news that it has entered into a Master Service Agreement with PRC Clinical. The news states that PRC Clinical has agreed to manage BioRestorative’s Phase 2 trial for BRTX-100 to treat chronic lumbar disc disease. This collaboration has many excited. What do you think the future holds for BRTX? Would you consider adding it to your watchlist?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are plenty of options to choose from. But, with so much impacting the stock market right now, investors need to stay as up-to-date as possible with everything going on. Considering all of this, which penny stocks are you watching right now?
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