Penny Stocks To Buy For 2016

Penny Stocks To Buy For 2016 – The US stock market began May 2022 with weak momentum. Some trading strengthened as investors weighed the implications of tighter monetary policy imposed by the Federal Reserve to combat high inflation. Many people may feel that now is a bad time to buy penny stocks, but if you are smart about your choices. This could be a good time.

Penny shares are generally considered small company shares that trade for less than $5 per share. In the event of a rebound, penny stocks will benefit from extremely low prices, thus increasing the chances of a recovery as the adage “sell low is high” increases.

Penny Stocks To Buy For 2016

When it comes to these little names, people ask if they can make a penny. Or is it good to buy a penny? The answer to these two questions is yes. that’s right penny stocks, other Considered riskier than stronger stocks. But with big risk comes the potential for high returns… as long as you apply fundamental analysis.

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In this article, Our most attractive penny stocks to buy are selected not only based on their stock prices, but also because they are profitable or have become profitable over the past year.

So, which penny should I buy now? While there are no guarantees, these seven picks already have a high chance of rebounding if the broader stock market loses trading momentum.

The first penny stock we bought was Canaan (NASDAQ:CAN), which designs chips to support blockchain technology and bitcoin mining. It has a price-to-earnings ratio (for the trailing 12 months, or TTM) of 1.7 and a one-year target of $14.83. That compares to Friday’s closing price of $3.09. This represents a potential return of 381%.

Canaan’s stock has lost about 40% in 2022, as the company will announce its first-quarter results on May 19.

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A rebound in the cryptocurrency market, which has also seen a sharp selloff along with the stock market, should support Canaan. In 2021, its profitability is very explosive as its sales increase by 1.092% and net profit increases by 1.095%. Diluted EPS increased to $1.81 in 2021, compared to -20 cents in 2021.

A third positive is the huge free cash flow growth. FCF jumped 2.765% to $222.6 million in 2021. Stocks may rally until earnings are released on May 19.

Pitney Bowes (NYSE:PBI) is a US and international technology, A global shipping and logistics company providing logistics and financial services. It had a dividend yield of 4.4% at Friday’s closing price of $4.55. Having an attractive dividend yield is encouraging because it can increase total returns in a potential rally.

The P/E ratio (TTM) of 15.2 is relatively low, and the one-year target of $7, if achieved, would represent a return of 54%, which is excellent.

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Marc B. Lautenbach, President and CEO of Pitney Bowes, said the financial results were strong in the first quarter of 2022, “We are seeing strong margin expansion in our Global Ecommerce business and good execution in our SendTech and Presort businesses. Importantly, Global Ecommerce recorded its highest quarterly profit on record, with SendTech as a whole.” Presort once again came out on top in the first quarter.

Later on, The company strengthened its balance sheet by reducing debt by $99 million during the quarter. The company reported a net loss in 2020, not matching the profitability of the past five years. However, On the other hand, It consistently generates positive free cash flow.

Telefónica ( NYSE:TEF ) is a telecommunications services company in Europe and Latin America, with a P/E ( TTM ) ratio of 3.4 and a dividend yield of 8.2% at Friday’s close of $4.92.

Who says penny stocks can’t offer high dividend yields to compensate for their risk? Now it’s our second penny stock to buy at an interesting payout. Putting a label on stock investing isn’t always wise.

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The one-year target for Telefónica shares is $6.46. The company is expected to achieve EPS growth at 15.87% over the next three to five years.

This puts Telefónica on the list of both strong growth and passive income generating stocks. Revenue growth isn’t impressive, but it’s consistent, so profits grow 492.34% to $7.88 billion in 2021. Diluted EPS of $1.37 represents an increase of 466% in 2021, compared to EPS of 24 cents in 2020.

X Financial (NYSE:XYF) offers credit loans; A Chinese company that provides personal financial services such as housing loans as well as investment and insurance products. X Financial shares posted a slight 16% year-over-year loss, and 2021 marks a turning point as the company reports 76% sales growth to $562.3 million. It also turned a profit, as it reported a net loss of $189.58 million in 2020.

In 2021, X Financial will have a net profit of $127.98 million, an increase of 167.5%. Q4 2021 and full-year unaudited financial results were strong, showing a 15% year-on-year increase from RMB 716.3 million to RMB 823.4 million for the quarter.

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In 2021, the annual income from operations will be RMB 1,311.0 million, compared with an operating loss of RMB 1,430.3 million in 2020. Operating income is important to support positive net income in most cases.

Charles & Colvard (NASDAQ:CTHR) is a jewelry company that has lost nearly 52% of its stock in 2022. The P/E (TTM) ratio of 3.9 is very low, and the $2 annual price represents a potential profit of 45%. %

The company reports Q3 FY2022 results on May 5, showing strong sales. Year-over-year charlesandcolvard.com revenue grew 22%, but the big news was the announcement of a $5 million share buyback program.

In general, Because share buybacks by companies are positive; Because they often reflect optimism about business prospects and signal that management thinks their shares are undervalued. By 2021, net profit and revenue growth were 307.9% and 34.4%, respectively.

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Companhia Siderurgica Nacional (NYSE:SID) is a steel producer with operations in Brazil and Latin America. A P/E ratio (TTM) of 2.8 is low, but is the stock a value trap?

The 11.5% dividend yield is very attractive and could add a safe net to the stock price, which closed Friday at $3.53. In addition, A one-year target of $4.65 signals a potential gain of nearly 32%.

Some other points of interest from SID’s shares are 10.74%, 18.19% and 2019; Profitability is very strong, with 59.37% in 2020 and 2021, and a 223% increase in net profit to $12.26 billion in 2021.

The company also generates positive free cash flow. Therefore, It’s not a value trap stock, but I consider it a value penny stock right now.

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Destination XL Group (NASDAQ:DXLG) is a large, upscale retailer specializing in men’s apparel and footwear in the United States and Canada. The stock has a P/E (TTM) ratio of 5.3 and a one-year target of $10.

Destination XL Group shares, which closed Friday at $4.36, are losing nearly 23% in 2022. Is there a deal to buy here now?

The company will announce its Q1 2022 financial results on May 26, so expect volatility on that day.

At the same time, The retailer did a lot of things right in terms of key metrics for fiscal 2022. Revenue increased 58.34% to $505.02 million. The company reported a net profit of $56.71 million for the 2018-2021 fiscal year, after a series of net losses. Free cash flow increased to $85.23 million.

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Another positive is a 7,367.00% jump in FY2022 to net operating income of $90.5 million. The company makes a lot of money from its regular operations, which is good news.

About Penny Stocks and Low Volume Stocks: With the rarest of exceptions; Do not publish comments about companies with a market cap of less than $100 million or less than 100,000 shares traded daily. That’s because these “penny stocks” are often the playground for scam artists and market manipulators. If we have published comments about a small stock that may be affected by our comments; We request.

From the date of publication, Stavros Georgiadis CFA does not hold (directly or indirectly) any financial position referred to in this article. The opinions expressed in this article are those of the author.

Stavros Georgiadis, CFA charter holder; An Equity Research Analyst and Economist. He focuses on US stocks and has his own stock market blog at thestockmarketontheinternet.com. He has previously written various articles for other publications and can be contacted on Twitter and LinkedIn. Every investor’s dream is to buy a multi-bagger stock that helps him realize all his dreams. But go ahead.

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