Its vadadustat, in particular, is in development for treating anemia associated with chronic kidney disease. Not only is it one of the stocks under $1, but it’s also a penny stock that just reported a big update.Īkebia develops treatments for kidney disease. (NASDAQ:AKBA)Īkebia Therapeutics is one of the most popular names in the stock market today. Hot Penny Stocks to Buy Now? 3 to Watch in July Akebia Therapeutics Inc. But with a relatively larger float, it will be interesting to see if the penny stock joins the list of short squeeze stocks to watch this month. Right now, the short float percentage in SFT stock sits around 24.8%, according to data from TD Ameritrade. But I can say that in the stock market today, traders are paying close attention to the short interest in the stock. Whether or not SFT is a buy or not is up to you. Does this mean SFT stock is a buy? Why SFT Stock Is Moving There’s also mounting O/I for the August 19th Call options throughout the chain. As of today, before the market opens, more than 8,100 is shown for Open Interest at the $2.50 strike Call options expiring this month. At the time, more than 4,600 contracts were traded compared to fewer than 500 shown for Open Interest. In particular, SFT stock saw a significant uptick in Call options volume for the nearest expiration, July 15th. However, it wasn’t the fundamental developments that traders were following. Penny Stocks To Watch: Rep Pete Sessions Likes Stocks Under $5? Fair Financial Corp’s listing marketplace technology expanded its reach in the automotive sales industry last quarter, thanks to the new deal. The company had gained momentum after announcing a new acquisition. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.Last week we discussed Shift Technologies on a list of penny stocks with unusual options volume. Turning to the stock’s technical picture we see that short term indicators suggest on average that SFT is a 50% Sell. Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.02 billion, representing a 59.70% jump on that reported in the last financial year. The average forecast suggests up to a 50.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -3.80% for 2022 and 19.50% for the next financial year.Īnalysts have a consensus estimate of $233.59 million for the company’s revenue for the quarter, with a low and high estimate of $222.9 million and $260 million respectively. Analysts project the company’s earnings per share (EPS) to be -$0.55, which has seen fiscal year 2022 EPS growth forecast to increase to -$2.21 and about -$1.78 for fiscal year 2023. Shift Technologies Inc.’s market cap currently stands at around $83.82 million, with investors looking forward to this quarter’s earnings report slated for – Mar 11, 2022. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. He buys up valuable assets when they are very cheap. The world's greatest investor - Warren Buffett - has a simple formula for making big money in the markets.
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