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Stocks Under $1 you need to own in 2021

Many people consider penny stocks speculative investments because of their volatile trading nature. Investors generally buy stocks under $1to benefit from changes in stock market trends. A thorough understanding of appropriate investments is crucial to making informed decisions. The penny stock market is extremely volatile, so investors can easily lose a lot of money. You can prevent losing money by understanding penny stocks’ fluctuation. When you have the right metrics, fundamentals, and information about penny stocks, investing in them can be similar to investing in Fortune 500 companies.

InVivo Therapeutics Holdings Corp. (NASDAQ: NVIV) is currently trading at around $0.61, a price level that means its value has jumped 21.93% higher than its 52-week low. In intraday trading, NVIV shares have hit a high of $0.63 and a low of $0.578. The last 52 weeks have seen the company’s shares touched a high of $2.00 and a low of $0.50, while the recent trading session has witnessed an intraday change of just 1.29%.


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In terms of its performance, NVIV is down -60.61% over the past year, and it is down -2.26% over the last week. The stock’s price index is -12.00% lower over one month and -18.00% lower over three months. It is showing a -65.92% return in the past six months.

Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) does about 10.61M shares in volume on a normal day but saw 9.14 million shares change hands in Monday trading. The company now has a market cap of $252.17 million. Its current market price is $0.68, marking an increase of 0.43% compared to the previous close of $0.68. The 52 week high reached by this stock is $2.12 whilst the lowest price level in 52 weeks is $0.51. The script in recent trading has seen the stock touched a high of $0.6999 and a low of $0.67.

According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in Tonix Pharmaceuticals Holding Corp. (TNXP) to 9,325,500 shares, mirroring a recent drop by 0.00%. Vanguard Total Stock Market Index dumped 0.0 shares of Tonix Pharmaceuticals Holding Corp. common stock bringing its total worth to about $6.68 million at the end of a recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 8617.0 shares to end up with 7,304,976 shares worth $5.23 million. Vanguard Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 1.40% position in Tonix Pharmaceuticals Holding Corp. thanks to 4.64 million shares amounting to $3.32 million.

IT Tech Packaging Inc. (AMEX: ITP) is currently trading at around $0.43, a price level that means its value has jumped 12.28% higher than its 52-week low. In intraday trading, ITP shares have hit a high of $0.45 and a low of $0.41. The last 52 weeks have seen the company’s shares touched a high of $1.45 and a low of $0.38, while the recent trading session has witnessed an intraday change of just 0.21%.

Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 7.65%, and 8.96% for the month. This stock’s Average True Range (ATR) currently stands at 0.03, with the beta factor poised at 0.20. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, mean that the stock’s volatility at that particular moment is low.

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