Penny Stocks To Watch Now – August 1st

Lobo EV Technologies, Tenon Medical, Opendoor Technologies, BioXcel Therapeutics, and Marwynn are the five Penny stocks to watch today, according to MarketBeat’s stock screener tool. Penny stocks are shares of very small companies that trade at low prices—typically below $5 per share—and often on over-the-counter markets rather than major exchanges. Because they have limited liquidity, sparse financial disclosures, and wide bid-ask spreads, penny stocks are considered high-risk and prone to price manipulation. These companies had the highest dollar trading volume of any Penny stocks within the last several days.

Lobo EV Technologies (LOBO)

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.

Shares of Lobo EV Technologies stock traded up $0.70 on Friday, hitting $1.06. 394,046,618 shares of the company traded hands, compared to its average volume of 3,998,088. The stock’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.91 and a current ratio of 1.52. Lobo EV Technologies has a 52 week low of $0.35 and a 52 week high of $3.52.

Tenon Medical (TNON)

Tenon Medical, Inc., a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as transfixes the SI joints.

TNON stock traded up $0.45 during trading on Friday, hitting $1.47. 229,448,494 shares of the company’s stock traded hands, compared to its average volume of 4,748,230. The firm has a market capitalization of $11.12 million, a P/E ratio of -0.05 and a beta of 1.22. The business has a fifty day simple moving average of $1.01 and a two-hundred day simple moving average of $1.26. Tenon Medical has a 1 year low of $0.85 and a 1 year high of $15.79.

Opendoor Technologies (OPEN)

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes. The company's product offerings comprise sell to opendoor product that enables homeowners to sell their home directly to it and resell the home to a home buyer; list with opendoor product that allows customers to list their home on the MLS with opendoor and receive cash offer; and opendoor marketplace product that connects the home seller with an institutional or retail buyer.

OPEN stock traded up $0.18 during trading on Friday, hitting $2.02. 161,502,052 shares of the company’s stock traded hands, compared to its average volume of 102,030,734. The firm has a market capitalization of $1.47 billion, a P/E ratio of -3.88 and a beta of 2.78. The business has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.10. The company has a quick ratio of 0.75, a current ratio of 2.99 and a debt-to-equity ratio of 2.43. Opendoor Technologies has a 1 year low of $0.51 and a 1 year high of $4.97.

BioXcel Therapeutics (BTAI)

BioXcel Therapeutics, Inc., a commercial-stage biopharmaceutical company, engages in utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology. The company's drug re-innovation approach leverages existing approved drugs and/or clinically validated product candidates together with big data and proprietary machine learning algorithms to identify new therapeutic indices.

BTAI stock traded up $0.15 during trading on Friday, hitting $1.46. 106,747,885 shares of the company’s stock traded hands, compared to its average volume of 2,849,825. The firm has a market capitalization of $8.81 million, a P/E ratio of -0.11 and a beta of 0.04. The business has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $2.33. BioXcel Therapeutics has a 1 year low of $1.17 and a 1 year high of $16.72.

Marwynn (MWYN)

Marwynn Holdings, Inc. is a holding company with no operations other than holding the shares of its two wholly-owned operating subsidiaries, FuAn Enterprise, Inc. (“FuAn”) and Grand Forest Cabinetry Inc (“Grand Forest”), that are in the supply chain business. Through our subsidiaries, we are committed to becoming a leading supply chain company in the U.S.

NASDAQ MWYN traded up $0.52 on Friday, hitting $1.42. The stock had a trading volume of 94,839,026 shares, compared to its average volume of 1,739,160. The business has a fifty day moving average of $3.29. The company has a current ratio of 1.17, a quick ratio of 0.40 and a debt-to-equity ratio of 0.04. Marwynn has a 52-week low of $0.81 and a 52-week high of $11.20.