5 Penny Stocks to Watch for May

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Inovio Pharmaceuticals, Inc. (NASDAQ: INO)

Price: $10.51 +0.23 (2.24%)

Inovio Pharmaceuticals Logo

Inovio Pharmaceuticals (NASDAQ:INO) made waves in February when it announced it had produced a COVID-19 vaccine candidate after only three hours of effort. As with other companies announcing efforts toward developing a COVID-19 vaccine or therapy, Inovio’s stock immediately ignited, placing it firmly on the radar of curious investors. Nonetheless, Inovio’s scientific approach remains unproven, and recent issues suggest that the company’s leadership may not be up to the task of bringing their vaccine to market even if it works. Stock price is current at $10.54 

Ageagle Aerial Systems Inc (NYSE: UAVS)

Price: $1.33 +0.0100 (0.76%)

Amid the coronavirus crisis, deliveries have surged. Amazon, the world’s largest online retailer, stated it would hire some 100,000 workers. The giant from Seattle is not the only firm to enhance deliveries. Operating drones from afar – especially on autopilot – not only captures the imagination but can also save costs down the line. 

The announcement of a second PO, from a “major eCommerce company” has boosted share prices and continues pushing it higher. Unmanned aerial vehicles may continue propelling prices higher. 

CytoDyn Inc (OTCQB: CYDY)

Price: $3.20 +0.0050 (0.16%)

CytoDyn continues to report strong results from COVID-19 patients using Leronlimab.

CytoDyn Inc (OTCQB: CYDY) President and CEO Nader Pourhassan and Bruce Patterson, M.D. and Chief Executive Officer and founder of IncellDx joined Steve Darling from Proactive Vancouver with news the company continues to see more impressive results from COVID-19 patients who have received leronlimab under the FDA’s New Drug program.

Both Pourhassen and Patterson talk about some of those results and where these patients are being treated

Whiting Petroleum Corporation (NYSE: WLL)

Price: $1.22 −0.020 (1.61%)

Bankruptcy isn’t necessarily a bad thing for a company. It can be an opportunity to reorganize, and many companies return stronger than ever following a bankruptcy. Whiting’s bankruptcy settlement gives a 97% stake to its debt holders while existing equity holders will hold 3% of the new company. Honestly, I don’t care about this news. I’m not an investor in WLL, nor will I ever be. The stock’s a trading vehicle for me. Bankruptcy stocks can provide great volatility, and I’m just trying to take advantage of the predictable spike. Since WLL already had a large two-day run, I’m watching it for a multi-day breakout.

Bankruptcy stocks can provide great volatility, and I’m just trying to take advantage of the predictable spike. Since WLL already had a large two-day run, I’m watching it for a multi-day breakout. Remember, the stock has fallen over 90% from its highs. So it has room to run, but… Keep things in perspective. The stock is also up from 25 cents. There’s no guarantee WLL will run again. If it does, I’ll be prepared.

TETRA Technologies, Inc. (NYSE: TTI)

Price: $0.47 +0.0100 (2.17%)

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TTI shares is $1.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TTI stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

If anything TTI is a buy cheap and hold until oil reserves in Texas open back up, Oil is/has/always will be a wave, buy it while it’s cheap, and just sit on it until oil goes back up. Not everything is to buy and sell 45 minutes later.

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