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3 penny stocks to watch out for in August 2021

In August 2021 there are many penny stocks offering buying opportunities. While it's hard to say for sure where the market is going, there are plenty of penny stocks investors are watching right now. And to understand which ones, we need to delve deeply into current market developments and where they could go in the long term.

It wouldn't make sense to discuss stocks now without talking about the impact of the pandemic. And in August, rising case numbers mean that we are still a long way from the forest. So, as investors, we have to take that and work with it to make money on penny stocks. Given the pandemic, we see industries like biotech, technology, and retail being some of the most popular right now.

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While this is a wide range, within each of these there are different penny stocks that may be worth keeping an eye on. And as prudent investors, it's our job to research every single stock on our list. This includes understanding financial data, balance sheets, rumors, speculative events, and everything in between. With that in mind, let's take a look at three penny stocks that have bounced back from their highs but might have some to watch this week.

3 penny stocks for your watchlist now

GEE Group Inc. (NYSE: JOB) Vislink Technologies Inc. (NASDAQ: VISL) Timber Pharmaceuticals Inc. (NYSE: TMBR)

GEE Group Inc. (NYSE: JOB)

GEE Group Inc. is a company providing human resources and placement services to US companies. It offers jobs for finance, office, medical, accounting, and more. The company's services are offered under the names Agile Resources, Access Data Consulting, Ashley Ellis and Omni-One, among others.

When the pandemic started, the number of jobs quickly plummeted to low levels. However, recruitment began again shortly afterwards, resulting in lower unemployment rates than in many months before. As a result, companies like GEE Group Inc. have become more popular with investors.

On August 16, the GEE Group released its financial results for the third fiscal year 2021. Revenue rose 43.1% year-over-year to $ 38.1 million. In addition, quarter-on-quarter sales increased 9.6%. And it's worth noting that GEE Group's gross profit is up 43% year-over-year and 26.7% year-over-year. All of these numbers are exciting for both the company and investors. It remains to be seen whether this is a reflection of the changing job market or of the GEE Group's business model.

“We were very satisfied with the performance of the GEE Group in this quarter. Sales, operating income and non-GAAP adjusted EBITDA were well above our expectations. "

The Chairman and CEO of the GEE Group, Derek Dewan

This positive news and the future of GEE stock are important to investors. Given this new information, is JOB a contender for your list of penny stocks to keep an eye on?

Vislink is a technology company that designs, develops and delivers wireless communication solutions. Its products include MicroLite 3, a compact wireless HD transmitter for live productions. Most of the products offered by Vislink are intended for live production purposes.

In addition, it also offers camera systems, transmitters, receivers and more. In the past year, the great shortage of microprocessors has led to a sharp increase in the demand for technical products. Vislink is not a manufacturer of microprocessors, but it could benefit from this surge in demand. YTD, VISL stock is up over 40%, which is a pretty solid performance.

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On August 16, the company announced its second quarter results for 2021. Vislink announced in this new report that its sales have increased by 85% compared to the results of the first quarter this year. In addition to this positive development, the company's orders increased by 250% in the first half of 2021.

“Our offer activities continued to increase, with new bookings in the first half of 2021 growing by over 250% compared to the corresponding period in 2020. This accelerated revenue growth, along with our continued focus on cost containment and strategic use of financial resources, helped us significantly reduce our EBITDA loss to $ 578,000 in the second quarter, compared to an EBITDA loss of $ 2.4 million in the first quarter. "

Vislink CEO Mickey Miller

These numbers are exciting for the present and the potential future of the company. And while they still have to be reflected in the share price, it looks like Vislink is working hard to grow. With this in mind, will VISL be on your penny stocks watchlist?

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<h3 id=Timber Pharmaceuticals Inc. (NYSE: TMBR)

Timber Pharmaceuticals Inc. is a biotech penny stock that has risen on multiple prices in recent trading sessions. Over the past month, TMBR shares are up over 11% and over 30% over the course of the year. The company's focus is on products in the clinical stage. Timber currently develops and markets treatments for rare dermatological conditions. Why is TMBR stock rising in the market in August?

On August 10, the company released a business update and released its financial results for the second quarter of 2021. Chairman and CEO John Koconis said, “The Timber team has weathered the global pandemic to meet clinical milestones, that we have achieved so far, as well as those that we expect in the next nine months. "

The company plans to end recruiting for the Phase 2b trial TMB-002 by the end of the third quarter of 2021. Timber ended the quarter with $ 6.1 million in cash and 36.7 million shares outstanding. Given this new information, will TMBR be on your list of penny stocks to keep an eye on?

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<h2 id=Are you watching those penny stocks right now?

With so many penny stocks to choose from right now, picking just a few to make your list can be difficult. But with the right research and a dedication to finding information, it can be a lot easier than previously thought.

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With so many factors affecting the stock market right now, investors need to consider everything. So, with all this in mind, are you watching those penny stocks right now?

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