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4 Penny Stocks to Watch That Are Pushing Up in June 2021

best penny stocks to buy this week


Will These Penny Stocks Make Your June Watchlist?

June has already gotten off to a great start for penny stocks. However, with thousands on the entire list of penny stocks to watch, it can sometimes be difficult to pick a few. So, to have an easier time with this, let’s go over a few crucial steps every investor should take.

First, creating a penny stocks watchlist is the best way to stay ahead of the game. We’ve covered this numerous times so if you read PennyStocks.com often, you are most likely familiar. If not, this involves research, selecting individual stocks to watch, and then more research. Being the best penny stocks trader is not about having a secret to trading. Rather, it all comes down to understanding a company through and through.

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For that reason, the next step is to dissect a company wholly. The first step of this is to dissect its financials. What does its balance sheet look like? How much free cash does it have? Does it have any revenue/losses? These questions alone will help to determine if a company could maintain gains or may see a losing streak.

The last step is to look at the speculative factors impacting it. What recent news has come out? Is the company providing any updates? Are there any upcoming events to look out for? With penny stocks, speculation tends to be extremely high, thus, this is very important to consider. All things in mind, here are four penny stocks to watch that are pushing up in June.

4 Penny Stocks to Watch in June 2021

  1. Senseonics Holdings Inc. (NYSE: SENS)
  2. Asensus Surgical Inc. (NYSE: ASXC)
  3. Senmiao Technology Ltd. (NASDAQ: AIHS)
  4. Lion Group Holding Ltd. (NASDAQ: LGHL)

1. Senseonics Holdings Inc. (NYSE: SENS)

Biotech penny stocks like Senseonics Holdings Inc. have been huge in the market recently. This biotech company in particular focuses on medical technology. Senseonics develops and commercializes continuous glucose monitoring systems for people with diabetes. Its products include Eversense and Eversense XL, which are both implantable CGM systems to measure glucose levels in people via an under the skin sensor. It also has a removable and rechargeable smart transmitter and an app for monitoring.

One week ago the company announced the results of its PROMISE study that demonstrates strong accuracy of its 180-day CGM sensor. The confirmed hypoglycemic alert detection rate was 93% for the primary sensor and 94% for the SBA sensor.

“As we await hearing from the US and European regulatory agencies concerning our pre-market submissions of data from both the primary and the SBA sensors, we are pleased to continue to offer the Eversense CGM systems in both the US and Europe with our commercialization partner, Ascensia Diabetes Care.”

President and CEO of Senseonics, Tim Goodnow, Ph.D.

Before the announcement, SENS stock was at about $2 a share on average. In the last week, SENS has skyrocketed to over $3.60 per share. With this in mind, will SENS make your list of penny stocks to watch?

2. Asensus Surgical Inc. (NYSE: ASXC)

Asensus Surgical Inc. is another biotech penny stock that is showing high market performance at the moment. Asensus researches, develops, and sells medical device robotics. Its products intend to enhance minimally invasive surgery.

The company manufactures a digital interface between surgeons and patients. Its Senhance Surgical system is a robotic surgery device allowing up to four arms to control robotic instruments and a camera. Its SurgiBot System is a single-port robotically enhanced laparoscopic surgical platform.On June 8th the company announced that it will join the Russell 2000 and Russell Microcap indexes. This will go into effect after US markets open on June 28th.

“We’re thrilled to be a part of the Russell 2000 Index and believe that our inclusion will increase our visibility and exposure to investors. This milestone is a testament to our hard work to create value for our stockholders through our strategy and bring the Senhance System’s transformative technology to surgeons, hospitals, and patients globally.”

President and CEO of Asensus Surgical, Anthony Fernando

ASXC stock price has increased significantly in the last month. Back in May ASXC stock was at $1.69 a share as of the 11th. Now on June 10th, ASXC stock is at over $3.20 per share on average. At the end of 2020, this biotech penny stock was not even worth $1 per share. With all of this information to note, will you add ASXC to your penny stock watchlist?

3. Senmiao Technology Limited (NASDAQ: AIHS)

Senmiao Technology is a fintech company that has been performing well in the market in the past few days. Senmiao’s primary focus is on automobile transaction services. In addition to this, it is also involved in the sale of automobiles, and auto finance services. Senmiao also has a cooperation agreement with Gaode Map for ride-sharing initiatives in China. So what is causing AIHS stock to head for the moon?

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Senmiao’s recent large uptick relates to the strategic cooperation it just launched with Didi on June 10th. Didi is the top online ride-sharing service in all of China. Didi Open Platforms will now serve as a ride-hailing order aggregator for Senmiao.

“Since our initial launch in October 2020, Senmiao’s online ride-hailing platform has seen impressive growth as we have expanded into additional cities with plans to launch in other major metropolitan areas where ride-hailing has become increasingly popular as a convenient and affordable mode of transportation. We are pleased to have the support of a major player in the space like Didi and look forward to this expanded partnership.”

The Chairman and CEO of Senmiao, Xi Wen

This has certainly brought a lot of new eyes to the stock, as it has moved up more than 13% on June 10th. With this new strategic partnership in focus, could AIHS make your list of penny stocks to watch?

4. Lion Group Holding Ltd. (NASDAQ: LGHL)

Lion Group Holding Ltd. is another financial services penny stock-based in Hong Kong, China. Lion operates a trading platform that offers a variety of financial services. This includes contracts for difference trading, asset management, futures/securities brokerage, insurance brokerage, and more. It also provides total return swap services.

The last update that this company released sparked a month of positivity for LGHL stock. On May 13th the company established Lion NFT Limited, its new non-fungible token company. The company stated that it is offering services to top artists through NFTs and launching related artworks.

The 7.9% increase in share prices that LGHL stock experienced on June 10th was not due to any company-specific news. It is likely that the company is still experiencing a lot of activity because of its relation to NFTs and the hype around them. With that being said, is LGHL a contender for your list of penny stocks to watch?

Which Penny Stocks Are You Watching Right Now?

Picking a list of penny stocks to watch all comes down to understanding the flow of the market. With so many events going on right now, movements are at a very high level. Considering this, it’s easy to get lost in the constant momentum we are witnessing in June 2021.

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However, with the right research and a dedication to finding information, making a penny stocks watchlist can be easier than previously imagined. With all of this in mind, which penny stocks are you watching right now?

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