The recession has impacted blue chips as well as the best stocks under $1 just like the rest of the economy. As new strains of the pandemic virus have been found across the globe, it appears that the virus has not been eradicated. This has led to an increase in financial market volatility. Blue-chip stocks have stagnated this week, while best-performing stocks under $1 have topped the charts.
Due to the lack of set rules, penny stocks are relatively easy to invest in. Since these investments are volatile, investing in the best stocks under $1 provides the opportunity to profit from market fluctuations.
Investors should understand the volatility of the best stocks under $1 before investing.
Relevant research should be conducted before making a safe and informed investment decision. The best stocks under $1 are just as lucrative as stocks in the Fortune 500 when one understands their metrics and fundamentals.
The Hoth Therapeutics Inc. (NASDAQ: HOTH) went down by -10.96% in Friday’s trading session, a fall equivalent to -$0.12 from the previous market close price. The lowest point that the shares touched during the trading session were $0.91, while the peak of the day was recorded at a share price of $1.1101. HOTH finished the previous session at $1.07 according to the data provided by Barchart, while the trading volume was observed to be 2.97 million.
Hoth Therapeutics Inc. (NASDAQ: HOTH) share prices have increased by 44.37% over the past week, but are down -19.26% in the last quarter. Going further back, the stock’s price has tanked -36.06% over the last 6 months but is up 44.37% in year-to-date trading.
With over 1.14 million Oragenics Inc. (OGEN) shares trading Friday and a closing price of $0.52 on the day, the dollar volume was approximately 1.14 million. The shares have shown a positive weekly performance of 17.42% and its price on 01/07/22 lost nearly -0.48%. Currently, there are 116.26M common shares owned by the public and among those 114.67M shares have been available to trade.
In terms of its performance, OGEN is down -35.47% over the past year, and it is up 17.42% over the last week. The stock’s price index is 5.80% higher over one month and -10.08% lower over three months. It is showing a -17.20% return in the past six months.
The shares of Farmmi Inc. (NASDAQ: FAMI) gained by 6.25% during the trading session on Friday, reaching a low of $0.238 while ending the day at $0.2589. During the trading session, a total of 25.06 million shares were traded which represents a 62.26% incline from the average session volume which is 66.42 million shares. FAMI had ended its last session trading at $0.25.
FAMI stock gained 14.66% during the last week and rose 1.76% over the last one-month period. Shares of this company’s stock fall -28.87% throughout the last quarter. Within the last six months, the stock has decreased -37.18%, with a full-year loss of -79.60%. At the time of writing, this stock’s year-to-date (YTD) price performance is now positive at 14.66%.