Not all profits have to be made off the big names like Apple Inc. (NASDAQ: AAPL) or Amazon.com Inc. (NASDAQ: AMZN). While those big names tend to dominate the headlines, the smaller, often overlooked companies can land the same – or even bigger – gains.
Chris Johnson, Quantitative Specialist for Money Morning, views penny stocks as the perfect plays for these big moves. “I’m talking shifts of 100%, 200%, 300% in a matter of days,” says Chris.
And right now, there’s one such penny stock that could rocket 177% higher.
Top Penny Stocks To Watch For 2023: China Pharma Holdings Inc.(CPHI)
China Pharma Holdings, Inc. develops, manufactures, and markets generic and branded pharmaceutical products primarily to hospitals and private retailers in the People?s Republic of China. Its products include Bumetanide to treat edema diseases; Gastrodin injection for tiredness, loss of concentration, poor sleep, and traumatic syndromes of brain; Cerebroprotein Hydroloysate injection for the treatment of memory decline and attention deficit; Buflomedil Hydrochloride for blood vessel diseases; Propylgallate and Ozagrel Sodium for the treatment of cerebral thrombosis, coronary heart disease, and thrombus deep phlebitis; and Alginic Sodium Diester injection for ischemic heart, cerebrovascular, and lipoprotein blood diseases. The company also offers Cefaclor Dispersible tablets for tympanitis, lower respiratory tract, urinary tract, and skin/skin tissue infection; Roxithromycin dispersible tablets for pharyngitis and tonsillitis; Clarithromycin granules and capsules for nasoph arynx, respiratory tract, and skin tissue infections; Naproxen Sodium and Pseudophedrine Hydrochloride Sustained Release tablets to relieve cold, sinus, and flu symptoms; Cefalexin capsules for acute tonsillitis; and Anhydroandrographolide for ischemic heart, cerebrovascular, and lipoprotein blood diseases. In addition, it provides Hepatocyte growth-promoting factor to treat viral hepatitis symptoms; Tiopronin to treat acute chronic Hepatitis B and relieve liver injury; Omeprazole to treat gastroesophageal reflux disease; Granisetron Hydrochloride injection for nausea and vomiting; Vitamin B6, an vitamin supplement; Thymopolypetides injection for treating diseases and tumors of various cells with reduced immunological function; and Recombined Human Fibroblast Growth Factor for the production of cosmetics. The company distributes its products through independent regional distributors and sales representatives. China Pharma Holdings, Inc. is based in Haikou, the People?s Repub lic of China.
Advisors’ Opinion:
- [By Josh Enomoto]
Unfortunately, the company’s latest financial disclosure revealed that marketplace revenue “plunged 29% from a year earlier as users shopped elsewhere.” That’s a particularly tough blow as ContextLogic essentially received free marketing during the lockdowns. Apparently, that wasn’t enough although if you’re a cup-half-empty type, WISH stock is discounted 30% over the trailing month.
China Pharma Holdings (CPHI) Source: luchschenF / Shutterstock.com
Before I get into this next company on our list of Discord stocks, let me start with a firm disclosure: I am not going to touch China Pharma Holdings with a ten-foot pole. That’s not to say that I’m bearish on CPHI or anything of that nature. I just don’t have the nerves of steel required to put my money at risk.
- [By Logan Wallace]
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Get Scynexis alerts:
Steady Activities: SCYNEXIS, Inc. (NASDAQ:SCYX), LPL Financial Holdings Inc. (NASDAQ:LPLA) (oracleexaminer.com) Do Analysts Think You Should Buy – SCYNEXIS Inc (NASDAQ: SCYX) (stockspen.com) Notable Runner: SCYNEXIS, Inc. (SCYX) (nasdaqplace.com) Most Active Stocks Now: SCYNEXIS, Inc. (NASDAQ:SCYX), China Pharma Holdings, Inc. (NYSE:CPHI), Kala … (journalfinance.net) Overview on price to free cash flow: SCYNEXIS, Inc. (NASDAQ:SCYX), InfuSystem Holdings Inc. (NYSE:INFU) (stocksnewspoint.com)
Several research analysts have recently issued reports on the company. Roth Capital assumed coverage on Scynexis in a research note on Tuesday, May 8th. They set a “buy” rating and a $6.00 price target for the company. Seaport Global Securities assumed coverage on Scynexis in a research note on Tuesday, April 10th. They set a “buy” rating and a $4.00 price target for the company. Zacks Investment Research raised Scynexis from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Tuesday, May 8th. HC Wainwright assumed coverage on Scynexis in a research note on Monday, May 7th. They set a “buy” rating and a $5.00 price target for the company. Finally, ValuEngine raised Scynexis from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Scynexis currently has an average rating of “Buy” and an average target price of $4.45.
Top Penny Stocks To Watch For 2023: Central Federal Corporation(CFBK)
Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It accepts various deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposit. The company?s loan portfolio comprises commercial, commercial real estate, and multi-family mortgage loans; single-family real estate loans; construction, land, and land development loans; and consumer loans, including home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. It also provides online Internet banking, mobile banking, remote deposit, corporate cash management, and telephone banking services. Central Federal Corporation operates through four branch offices located in Summit, Columbiana, and Franklin Counties, Ohio. The company was formerly known as Grand Central Financial Corp. The company was founded in 1892 and is headquartered in Fairlawn, Ohio.< /p>
Advisors’ Opinion:
- [By Ethan Ryder]
TRADEMARK VIOLATION WARNING: “Central Federal Co. (CFBK) Director David L. Royer Acquires 5,000 Shares” was reported by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at www.tickerreport.com/banking-finance/4216324/central-federal-co-cfbk-director-david-l-royer-acquires-5000-shares.html.
Top Penny Stocks To Watch For 2023: YRC Worldwide Inc.(YRCW)
YRC Worldwide Inc., through its subsidiaries, provides various transportation services worldwide. The company?s YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products. It serves manufacturing, wholesale, retail, and government customers. As of December 31, 2009, it had 11704 owned tractors, 1239 leased tractors, 50083 owned trailers, and 3244 leased trailers. Its YRC Regional Transportation unit?s service portfolio includes regional delivery, which comprises next-day local area delivery and second-day services, consolidation/distribution services, protect-from-freezing and hazardous materials handling, and various specialized offerings; expedited delivery, that comprises day-definite, hour-definite, and time definite capabilities; inter-regional delivery; cross-border delivery; and operation of my.yrcregional.com and NewPenn.com, which are e-commerce Websites offering online resources to manage transportation activity. The company?s YRC Logistics units? service portfolio consists of distribution services that include flow through and pool distribution, dedicated warehousing, and value-added services; global services, which comprise international freight forwarding, customs brokerage, and value-added services; and transportation services, such as truckload brokerage, domestic freight forwarding, and transportation management. Its YRC Truckload unit provides customized truckload services on regional and national level through the use of company and team-based drivers. The company was founded in 1924 and is headquartered in Overland Park, Kansas.
Advisors’ Opinion:
- [By Shane Hupp]
YRC Worldwide Inc (NASDAQ:YRCW) was the recipient of unusually large options trading activity on Monday. Traders bought 1,318 put options on the stock. This is an increase of 791% compared to the typical daily volume of 148 put options.
- [By Logan Wallace]
Get a free copy of the Zacks research report on YRC Worldwide (YRCW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Logan Wallace]
Get a free copy of the Zacks research report on YRC Worldwide (YRCW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Formula Growth Ltd. lifted its holdings in shares of YRC Worldwide Inc (NASDAQ:YRCW) by 300.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 600,000 shares of the transportation company’s stock after purchasing an additional 450,000 shares during the quarter. Formula Growth Ltd.’s holdings in YRC Worldwide were worth $6,030,000 as of its most recent filing with the Securities and Exchange Commission.
Top Penny Stocks To Watch For 2023: Smith Micro Software Inc.(SMSI)
Smith Micro Software, Inc. designs, develops, and markets software products and services primarily for the mobile computing and communications industries worldwide. The company operates in two segments, Wireless, and Productivity and Graphics segments. The Wireless segment develops mobile connectivity, mobile information management, and mobile security solutions, including QuickLink Mobile that provides mobile users to connect a notebook or other wireless device to wireless wide area networks (WWANs) and wireless local area networks (WLANs) or Wi-Fi hotspots; QuickLink Mobility suite, which allows connectivity for the user operating on WWANs, corporate local area networks (LANs), and Wi-Fi networks; and QuickLink Media for managing the media on the mobile devices. It also provides SendStuffNow, which secures cloud-based large file delivery solution; Device Management suite that provides intelligent, automated mobile device provisioning, and configuration; and push-to-talk, visual voicemail, and mobile video solutions. The Productivity and Graphics segment develops various software products for the consumer, prosumer, and professional markets. It provides StuffIt Deluxe, a lossless compression solution for documents and media; CheckIt Diagnostics and CheckIt Netbook suite, a diagnosis and troubleshooting solution for hardware and system problems; Poser, a solution for creating 3D character art and animations; Anime Studio, an animation tool for professional and digital artists; and Manga Studio, a solution for creating manga and comic art. This segment distributes its products through online stores, and third-party wholesalers, retailers, and value-added resellers. The company serves mobile network operators, original equipment manufacturers, device manufacturers, and enterprise businesses, as well as directly to consumers. Smith Micro Software, Inc. was founded in 1982 and is headquartered in Aliso Viejo, California.
Advisors’ Opinion:
- [By Ethan Ryder]
Connecture (OTCMKTS: CNXR) and Smith Micro Software (NASDAQ:SMSI) are both small-cap computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, institutional ownership, profitability, dividends, valuation, analyst recommendations and earnings.
- [By Shane Hupp]
Okta (NASDAQ: OKTA) and Smith Micro Software (NASDAQ:SMSI) are both computer and technology companies, but which is the superior stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, institutional ownership, dividends, risk, valuation and profitability.
- [By Stephan Byrd]
These are some of the news stories that may have impacted Accern’s scoring:
Get Smith Micro Software alerts:
Short Interest in Smith Micro Software (SMSI) Increases By 51.9% (americanbankingnews.com) Smith Micro Software’s (SMSI) CEO Bill Smith on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) Smith Micro Software (SMSI) Reports Q1 Loss of $0.10 (streetinsider.com) Smith Micro Reports First Quarter 2018 Financial Results (finance.yahoo.com) Smith Micro announces above market USD 7.0m private placement offering (financial-news.co.uk)
Separately, ValuEngine upgraded shares of Smith Micro Software from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.
Top Penny Stocks To Watch For 2023: Orchids Paper Products Company(TIS)
Orchids Paper Products Company manufactures private label tissue products for the consumer market in the United States. Its product line includes paper towels, bathroom tissue, and paper napkins. The company also offers its products under the Orchids, Velvet, Colortex, Ultra Valu, Dri-Mop, Big Mopper, Soft & Fluffy, Tackle, My-Size, and Care brand names. It serves value retailers (dollar stores), discount retailers, grocery stores, grocery wholesalers and cooperatives, and convenience stores. The company markets its products directly, as well as through independent brokers. Orchids Paper Products Company was founded in 1976 and is headquartered in Pryor, Oklahoma.
Advisors’ Opinion:
- [By Joseph Griffin]
An institutional investor recently bought a new position in Orchids Paper Products stock. D. E. Shaw & Co. Inc. acquired a new position in shares of Orchids Paper Products (NYSEAMERICAN:TIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,304 shares of the basic materials company’s stock, valued at approximately $42,000. D. E. Shaw & Co. Inc. owned about 0.42% of Orchids Paper Products as of its most recent filing with the Securities and Exchange Commission.
ILLEGAL ACTIVITY WARNING: “Short Interest in Orchids Paper Products (TIS) Decreases By 12.2%” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at www.tickerreport.com/banking-finance/4184470/short-interest-in-orchids-paper-products-tis-decreases-by-12-2.html.
Orchids Paper Products Company Profile
- [By Money Morning Staff Reports]
After looking at last week’s top-performing penny stocks, we’ll show you a penny stock on the verge of jumping over 159%…
Penny Stock Current Share Price Last Week’s Gain
My Size Inc. (NASDAQ: MYSZ) $1.19 60.71%
Delcath Systems Inc. (OTCMKTS: DCTH) $3.21 52.38%
Regional Health Properties Inc. (NYSE: RHE) $0.18 49.39%
Nemaura Medical Inc. (NASDAQ: NMRD) $3.03 44.89%
3Pea International Inc. (NASDAQ: TPNL) $4.62 42.24%
PLx Pharma Inc. (NASDAQ: PLXP) $4.22 34.38%
Orchids Paper Products Co. (NYSE: TIS) $3.99 34.30%
DelMar Pharmaceuticals Inc. (NASDAQ: DMPI) $0.74 33.41%
Restoration Robotics Inc. (NASDAQ: HAIR) $3.08 32.74%
Renren Inc. (NYSE: RENN) $1.69 32.61%
Don’t Miss Out: The Treasury is sitting on an $11.1 billion cash pile, and a loophole entitles Americans to a sizable portion. Some are collecting $1,795, $3,000, or $5,000 every month thanks to this powerful investment…
- [By Joseph Griffin]
Orchids Paper Products (NYSEAMERICAN:TIS) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 2,241,555 shares, a drop of 14.0% from the August 15th total of 2,605,776 shares. Currently, 22.9% of the shares of the company are sold short. Based on an average daily volume of 967,446 shares, the short-interest ratio is presently 2.3 days.
- [By Money Morning Staff Reports]
Last week’s top performing penny stock, Orchids Paper Products Co. (NYSE: TIS), jumped over 218% after the company delivered a stellar earnings reports on Aug. 13.
Top Penny Stocks To Watch For 2023: Rowan Companies Inc.(RDC)
Rowan Companies, Inc. provides onshore and offshore oil and gas contract drilling services in the United States and internationally. The company offers its contract drilling services through its fleet of 28 self-elevating mobile offshore drilling platforms and 30 deep-well land drilling rigs. The company was founded in 1923 and is headquartered in Houston, Texas.
Advisors’ Opinion:
- [By Jason Hall]
And while Ensco has taken its share of asset writedowns in recent years to decommission older, non-economical vessels, it has also been one of the biggest beneficiaries of consolidation. In 2017, it acquired Atwood Oceanics, a smaller company with a young, high-spec fleet of floating vessels, and more recently agreed to merge with Rowan Companies (NYSE:RDC), which has a high-quality fleet of jack-up rigs and a strong backlog of work for that fleet.
- [By Travis Hoium, Jason Hall, and Matthew DiLallo]
And while offshore still has a ways to go, I think investors should do well to buy Ensco at current prices. At recent prices, its shares trade for about 24% of tangible book value. Furthermore, it’s also a 23% discount to the book value of Rowan Companies (NYSE:RDC), which will merge with Ensco sometime in the first half of the year. It’s a substantial discount to more typical book value multiples these companies have carried during healthy offshore drilling environments:
- [By Matthew DiLallo]
While September was a good month for Ensco, the company made an even bigger splash in October by agreeing to buy fellow offshore driller Rowan (NYSE:RDC) in an all-stock deal. Ensco believes that the combination with Rowan will generate $150 million in annual cost savings while boosting its cash flow per share starting in 2020. It’s the company’s second major deal since the oil market downturn began; it bought Atwood Oceanics last year for $6.9 billion.
