Hot Penny Stocks To Watch Right Now

What happened

Ocean-going bulk shipper Safe Bulkers (NYSE:SB) reported its fiscal Q1 2018 earnings results on Tuesday — an “earnings beat” that nudged the company’s shares up 2%. But it took until Thursday for the real good news to arrive. Today, all of the sudden, the stock jumped out of its berth and closed 12.2% higher.

So what

Safe Bulkers says it earned $0.03 per share last quarter — a penny better than Wall Street had expected. “Net” quarterly sales of $43.5 million likewise edged out estimates. 

These sales, by the way, sailed (sorry, couldn’t resist the nautical pun) 31% higher than in last year’s first quarter. As for the company’s profit, although it was small, $0.03 per share was still a much better result than last year’s $0.07 per-share loss.

Safe Bulkers stock delivered the goods this earnings season. Image source: Getty Images.

Hot Penny Stocks To Watch Right Now: YRC Worldwide Inc.(YRCW)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Landstar System (NASDAQ: LSTR) and YRC Worldwide (NASDAQ:YRCW) are both transportation companies, but which is the better business? We will compare the two companies based on the strength of their dividends, valuation, earnings, analyst recommendations, profitability, institutional ownership and risk.

  • [By Logan Wallace]

    YRC Worldwide (NASDAQ: YRCW) and USA Truck (NASDAQ:USAK) are both small-cap transportation companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, dividends, risk, institutional ownership, profitability, analyst recommendations and valuation.

  • [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

Hot Penny Stocks To Watch Right Now: Sirius XM Radio Inc.(SIRI)

Advisors’ Opinion:

  • [By Rick Munarriz]

    We’re now more than a year removed from when Sirius XM Radio (NASDAQ:SIRI) abandoned plans to buy Pandora outright, taking a minority stake instead. Now that streaming stocks in general and Pandora in particular are hot again, it wouldn’t be a surprise if Sirius XM or any tech giant wanting an audience of more than 70 million streaming accounts snaps up Pandora. 

  • [By Rick Munarriz]

    Last week was a busy one for Sirius XM Holdings (NASDAQ:SIRI) investors tracking Wall Street moves. The week kicked off with Barclays analyst Kannan Venkateshwar downgrading the stock and the stock of its controlling stakeholder, Liberty SiriusXM (NASDAQ:LSXMA). Two days later it was James Goss at Barrington upgrading Sirius XM stock.

  • [By Rick Munarriz]

    It’s been a long time since the pessimism has been this thick when it comes to Sirius XM Holdings (NASDAQ:SIRI), judging by the number of people betting against the satellite radio provider. Sirius XM kicked off this month with nearly 275.5 million shares sold short, its highest tally on that front in more than a year.

  • [By Joe Tenebruso]

    Sirius XM Holdings (NASDAQ:SIRI) and Netflix (NASDAQ:NFLX) dominate their respective corners of the entertainment industry. As they’ve risen to power over the last decade, they’ve earned fortunes for investors along the way.

  • [By Rick Munarriz]

    Shares of Sirius XM Holdings (NASDAQ:SIRI) hit another 12-year high on Monday. The country’s lone satellite radio provider would go on to improve its fundamentals, announcing that it’s laying to rest a pending legal matter by settling with SoundExchange.

  • [By Joseph Griffin]

    Swiss National Bank cut its position in Sirius XM Holdings (NASDAQ:SIRI) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157,758 shares of the company’s stock after selling 818,600 shares during the period. Swiss National Bank owned about 0.11% of Sirius XM worth $32,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Hot Penny Stocks To Watch Right Now: Smith Micro Software Inc.(SMSI)

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.

Hot Penny Stocks To Watch Right Now: Eagle Bulk Shipping Inc.(EGLE)

Advisors’ Opinion:

  • [By Motley Fool Transcribers]

    Eagle Bulk Shipping Inc  (NASDAQ:EGLE)Q4 2018 Earnings Conference CallMarch 06, 2019, 8:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Joseph Griffin]

    Eagle Bulk Shipping Inc. (NASDAQ:EGLE) major shareholder Goldentree Asset Management Lp acquired 84,969 shares of the business’s stock in a transaction on Monday, February 11th. The shares were bought at an average cost of $4.02 per share, for a total transaction of $341,575.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

  • [By Stephan Byrd]

    Several brokerages have updated their recommendations and price targets on shares of Eagle Bulk Shipping (NASDAQ: EGLE) in the last few weeks:

    7/2/2018 – Eagle Bulk Shipping was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating. 6/28/2018 – Eagle Bulk Shipping was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/18/2018 – Eagle Bulk Shipping is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $6.50 price target on the stock. 6/18/2018 – Eagle Bulk Shipping is now covered by analysts at DNB Markets. They set a “buy” rating on the stock. 6/12/2018 – Eagle Bulk Shipping was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. 6/2/2018 – Eagle Bulk Shipping was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating. 6/2/2018 – Eagle Bulk Shipping was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 5/29/2018 – Eagle Bulk Shipping is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $7.50 price target on the stock. 5/15/2018 – Eagle Bulk Shipping was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. “ 5/9/2018 – Eagle Bulk Shipping had its “hold” rating reaffirmed by analysts at Maxim Group. They now have a $6.00 price target on the

Hot Penny Stocks To Watch Right Now: China Pharma Holdings Inc.(CPHI)

Advisors’ Opinion:

  • [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.

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