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What Are the Hottest Penny Stocks Right Now?

Emma MarroneVerified
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Summary：Discover the hottest penny stocks right now, including GNUS, INO, and VXRT. These low-priced stocks offer high returns but come with high risks. Follow these tips to invest wisely.

What Are the Hottest Penny Stocks Right Now?

Penny stocks have always been a popular choice for investors looking to make quick gains. These low-priced stocks can offer high returns, but also come withhigh risks. With the current market volatility, penny stocks have gained even more attention. So, what are the hottest penny stocks right now?

1. Genius Brands International Inc. (GNUS)

Genius Brands International is a media company that focuses on children's entertainment. The company's stock has seen a surge in popularity due to the success of its new streaming service, Kartoon Channel. The company has also recently announced partnerships with major companies such as Mattel and Stan Lee's POW! Entertainment.

2. Inovio Pharmaceuticals Inc. (INO)

Inovio Pharmaceuticals is a biotech company that develops immunotherapies. The company has been in the news recently due to its involvement in the development of a COVID-19 vaccine. The stock saw a significant increase in value earlier this year, and while it has since come down, it still has potential for growth.

3. Vaxart Inc. (VXRT)

Another biotech company, Vaxart specializes in developing oral vaccines. The company is currently working on a COVID-19 vaccine that can be taken orally, which would be a significant breakthrough in vaccine technology. The stock has seen large gains this year and has the potential for even more growth.

Investing in Penny Stocks: Tips and Strategies

While penny stocks can offer high returns, they also come with high risks. It's important to do your research and choose your investments wisely. Here are some tips and strategies for investing in penny stocks:

1. Look for companies with strong fundamentals. Just because a stock is cheap doesn't mean it's a good investment. Look for companies with strong financials and a solid business plan.

2. Don't invest more than you can afford to lose. Penny stocks can be volatile, and it's important to only invest money that you can afford to lose.

3. Diversify your portfolio. Don't put all your eggs in one basket. Invest in a variety of stocks to minimize your risk.

4. Stay up to date on news and trends. Penny stocks can be affected by news and trends just as much as larger stocks. Stay informed and adjust your investments accordingly.

In conclusion, penny stocks can offer high rewards, but also come with high risks. It's important to do your research and choose your investments wisely. By following these tips and strategies, you can increase your chances of success in the penny stock market.

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