Never ignore a stock just because it appears to be down-and-out.
You may just miss a triple-digit profit opportunity.
Look at Axsome Therapeutics (AXSM), for example.
Axsome Therapeutics is a clinical-stage biopharmaceutical company, develops therapies for the management of central nervous system (CNS) disorders. The Company’s product candidates include AXS-05 that is in Phase III trial for the treatment of treatment resistant depression and Alzheimer’s disease agitation; and AXS-02, which is in Phase III trial to treat complex regional pain syndrome, knee osteoarthritis related to bone marrow lesions, and chronic low back pain related to Modic changes.
While that may sound like a snore-fest stock, that couldn’t be further from the truth.
In April 2018, it traded at just $2.65 after plunging from more than $5.50 a share. But with $32 million in cash, enough to last through the fourth quarter of 2019, it still had a fighting chance.
By January 2019, the stock rocketed to a high of $9.16.
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To help readers identify the best investments, we wanted to take a quick look at some of the top small cap stocks in sizable industries.
Top Stock No. 1 – Zix Corporation (ZIXI)
Zix Corporation, for example, provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States.
With data breaches and privacy issues of great concern, drawing attention to cybersecurity issues, ZIXI is in one of the hottest sectors seeing sizable demand. In its most recent quarter, the company had net income of $2.5 million, or five cents a share. Adjusted EPS was nine cents. Revenue came in at $17.9 million. For the current quarter, it expects EPS of nine cents on revenue of $18 to $18.2 million.
Top Stock No. 2 – Glu Mobile (GLUU)
Glu Mobile is another hot small cap stock watch.
It develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, and QuizUp.
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Anyone can trade a penny stock.
But it takes a disciplined trader to trade that stock well.
One of the biggest issues facing all walks of traders is a severe lack of discipline and structure in stock buying habits, especially when it comes to cheap stocks. Many fail to use stop losses, or even protect gains with a simple trailing stop loss strategy. Others risk far too much.
A friend of mine once made 325% in a week’s time on trade.
Then he risked it all on the very next trade that cost him 90% of that 325% winning.
That’s a recipe for disaster.
The allure of a penny stock is easy to understand.
You can make a lot of money from them.
But unless you’re willing to take the time to buy the right one you may as well flush your money down the toilet and wave goodbye.
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OrganiGram Holdings Inc. (OGRMF) is still one of the most overlooked marijuana stocks, notes Beacon Securities. In fact, analysts believe there’s plenty of upside, untapped potential.
“We continue to view OGI as an overlooked investment opportunity, offering investors low-cost, large-scale production of quality cannabis products, with both a national sales footprint in Canada, and demonstrated progress on its international plans,” noted the firm, as quoted by the Cantech Letter.
In addition, the company is still ramping up production to capitalize on new market opportunities as an existing licensed producer. Its active expansion includes a 15,000 sq. ft. extract processing facility that could prove quite useful, as the market begins to explode.
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Marijuana stocks may have pulled back in recent weeks.
However, the boom is far from over. It’s also tough to overlook just how well many have already performed. All thanks to greater acceptance and legalization, which reached a peak when Canada legalized recreational marijuana just this month.
Had you invested $5,000 in marijuana stocks like Canopy Growth (CGC), and Tilray Inc. this year, $10,000 would now be $32,300.
Marijuana Stock — Tilray Inc. (TLRY)
Let’s say you invested $5,000 in Tilray Inc. when it went public in July 2018 at a low of $20.10. After running to $300, the stock now trades at $100 a share for a gain of 398%. Every $5,000 invested is now worth just over $24,900.
Even on a recent pullback, it’s still a solid opportunity.
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It never hurts to think big about small stocks.
The allure of such stocks is a simple one – they don’t cost as much, as say Alphabet. And if you can spot the right opportunity, like ACADIA Pharmaceuticals (ACAD) at less than $2, you stand to make a substantial amount of money.
If you bought ACAD at 96 cents in 2011 for example, you made 5,213% in a few years.
If at the same time, you bought Alphabet Inc. (GOOG), you made a small fraction of that.
Granted, spotting the right opportunity can be a tricky one. But it can and has been done.
Here are some of the best tips we can offer.
Tip No. 1 – Focus on a Small Cap Stock with a Catalyst
For example, small cap marijuana stocks had a major story with further U.S. state approval, Canadian legalization, and corporate interest. Constellation Brands invested $4 billion in Canopy Growth – a sizable catalyst and story. If you buy a small cap stock with no story or near-term catalyst, you may want to consider spotting another opportunity.
Tip No. 2 – Only Trade Liquid Stocks
Only consider trading small cap stocks that have volume of at least 100,000 shares a day. If you trade low volume, illiquid stocks, you may have a tough time getting out of the position, too.
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Marijuana may be one of the most controversial opportunities of our time.
However, it’s tough to ignore just how profitable it’s become.
- Canopy Growth (CGC) ran from $12 to $57
- Tilray Inc. (TLRY) ran from $30 to $300
- OrganiGram Holdings (OGRMF) ran from $2.25 to $6
- Aphria Inc. (APHA) ran from $7 to $17
Granted, many names have pulled back on a sell the news reaction following Canadian legalization. But there are still sizable catalysts that lay ahead.
U.S. Approval Ratings on the Rise
A growing majority of Americans fully support its legalization, which has led to its decriminalization and the potential for significant cash inflows. In fact, 66% of Americans now support legalizing marijuana, another new high in Gallup’s trend. The latest figure marks the third consecutive year that support has increased.
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