As an ETRADE penny stocks client, you have access to a wide range of listed and delisted penny stocks. We can also keep an eye on premarket movers for you. Here are five companies that you should keep an eye on this year.
Overview: ETRADE Penny Stocks
There are different ways to describe penny stocks. Some investors think of penny stocks as “pink sheets,” which are microcap stocks that trade outside of the major exchanges. Some of these stocks can be bought and sold for even less than a penny.
Some traders with a lot of followers also buy up shares and tell their followers about them. Then, the followers buy the stock, bid up the price quickly, and let the first trader sell shares for huge profits. Once the excitement dies down, the stock falls quickly, leaving the followers holding the bag.
Penny stocks can also be downtrodden stocks that trade for less than $5 but are still listed on major exchanges. Depending on what you’re looking at or who you’re talking to, the definition of a penny stock can change. Since there is more public information about these types of penny stocks, we will look at them. These stocks aren’t as risky as the pink sheets, which are full of fraud, but they will still have problems.
ETRADE penny stocks is one of the few major brokers that allows trading in penny stocks, and clients can use their accounts to buy a variety of shares. ETRADE penny stocks doesn’t charge a fee to trade stocks that are listed on major exchanges and have prices over $1 per share. However, pink sheets and over-the-counter stocks cost $6.95 per trade. You can use E*TRADE screeners to find penny stocks, which are stocks that cost less than $20, $10, or $5 per share. Amyris
1. (NASDAQ: AMRS)
Amyris Inc. is a company that works with industrial biotechnology. It designs, makes, and sells products for both consumers and businesses. Some of these products are cosmetics, flavors and fragrances, solvents and cleaners, polymers, lubricants, healthcare products, and fuels. The business is run in many places around the world, but most of the money comes from the United States. The company gets money from the sale of renewable products, licenses and royalties from intellectual property, grants, and research and development services done in collaboration with other companies.
2. McEwen Mining (NYSE: MUX)
McEwen Mining Inc. is a mining, minerals production, and exploration company that focuses on precious and base minerals in Argentina, Mexico, and the United States. The company makes most of its money from making gold and silver, which each make up about half of total sales. The company owns and runs the El Gallo 1 mine in Mexico on its own, and it has a small share in the company that runs the San Jose mine in Argentina. The El Gallo 1 mine makes more than half of the gold that the company sells. The San Jose mine makes most of the silver and most of the gold that is still being made.
Uni-Pixel makes engineered films and lighting solutions, like touch screen sensors, printed circuitry, protective hard coat resin, anti-glare film technology, and film that doesn’t show fingerprints. Also, the company makes liquid crystal displays and systems for lighting up displays. Uni-Pixel does business all over the world. The company was started in 1998 and has its main office in The Woodlands, Texas.
4. Integrated Media Tech (NASDAQ: IMTE)
Integrated Media Technology is a gaming and multimedia company based in Hong Kong that specializes in 3D applications. The company makes and sells 3D autostereoscopic display technology like video walls, digital signs, cell phones, and PC monitors. It also makes and sells equipment that changes 2D to 3D.
With only 1.33 million shares, IMTE has a very low float and has made a small profit for 4 years in a row. Volume is lower than average right now, but keep an eye on it because any good news could make it more volatile.
5. Genetic Technologies (NASDAQ: GENE)
Genetic Technologies Ltd is a molecular diagnostics company based in Australia. It offers predictive testing and assessment tools to help doctors take care of women’s health in a proactive way. The company made BREVAGenplus, which is a risk assessment test for non-hereditary breast cancer that has been proven to work in clinical trials. It also offers genetic testing services, such as medical testing, testing on animals, testing for criminal cases, and testing on plants. The company sells BREVAGenplus to obstetricians/gynecologists (OBGYNs) and breast cancer risk assessment specialists. The United States and Australia are where the company makes most of its money.
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Penny stocks can be interesting to trade because they change all the time. Those who trade penny stocks and get the timing right can double or triple their money in a matter of minutes. These stocks, however, are not investments. Penny stocks are cheap for a reason, and most companies with low stock prices are in some kind of trouble.
Investors don’t buy penny stocks; traders do. Most investors think that trading in penny stocks is nothing more than a form of gambling. Information about these companies is often hard to find or even hard to understand. This is in contrast to companies that are bigger and more successful, where everything is clear. The companies can have trouble because of debt, lack of cash flow, lawsuits, or just bad management.
If you’re ready to deal with the wild swings and sudden changes of penny stocks, ETRADE penny stocks is one of the best brokers to think about.
Features to Look for in E*TRADE Penny Stocks
Low buoyancy. The float is the number of shares that can be bought on the open market. The more float there is, the more shares there are for investors to buy. Low-float stocks are often the most volatile because when there aren’t many shares available, it doesn’t take much volume to cause a lot of volatility. Penny stock traders look for stocks that go up and down a lot, and low-float stocks can do that.
Exchange listing. Pink sheet stocks don’t have to follow the rules and regulations that NYSE and NASDAQ stocks do. When looking for penny stocks to buy, make sure the company is listed or has a share price close to $1. When a stock falls below $1, it could be taken off the market.
Money or a good. Don’t forget that these businesses trade here for a reason. A successful penny stock doesn’t need a history of positive earnings per share (EPS) or earnings beats, but it does need a catalyst or path to success.