3 Penny Stocks On Reddit You Should See By Now Reddit Penny Stocks are back! That’s not to say they ever left. With penny stocks, however, the focus can change very quickly from day to day. While finding penny stocks on Reddit is a great way to create a watchlist, this is only part of the puzzle. After you’ve compiled a list of the penny stocks to watch, the next step is into the research phase. This involves using all the tools at your disposal to understand how to build a list of penny stocks that will compete with the most profitable traders in the market. Let’s look at Reddit’s impact on penny stocks for a second. Reddit is a popular social media website where forums and communities can come together. In the past few months, many popular subreddits involving both blue chips and penny stocks have created massive momentum among certain companies. This closes the GameStop Corp. fiasco. (NYSE: GME), which saw the company’s shares skyrocket by three-digit percentage points in a short period of time. However, this was not due to fundamental news or news announced by the company. Rather, retailers came together out of emotion and a desire to beat a hedge fund’s large short position on the video game retailer. While this is not seen often, it did lead to a major paradigm shift in the stock market. Now we need to consider Reddit’s impact on penny stocks when creating a watchlist. With that in mind, there are plenty of Reddit Penny stocks to buy from Robinhood or anywhere you trade stocks. The only thing to consider is how advanced you are in your trading education. With all of that in mind, let’s take a look at three Reddit penny stocks that you should check out. 3 Reddit Penny Stocks to watch Tarena International Inc. (NASDAQ: TEDU) Ashford Hospitality Trust Inc. (NYSE: AHT) Safe Bulkers Inc. (NYSE: SB) Tarena International Inc. (NASDAQ: TEDU) Tarena International is a provider of adult vocational training as well as K-12 education services in China. It offers distance learning solutions and classroom based tutoring / online learning modules. Some of the programs in the pipeline include coding and robotics programming courses. Due to the pandemic and its impact on personal learning, companies like Tarena have grown in popularity this year and last. In big news announced on April 30th, the company announced that it had reached a definitive privatization deal. The deal includes a merger plan with Kidedu Holdings Ltd. and Kidarena Merger Sub. This transaction is valued at approximately $ 230 million. While the merger is unlikely to complete until the third quarter of this year, that news is already sparking a major rally in TEDU stocks. In the meantime, let’s take a closer look at Tarena’s financial position. In mid-March, Tarena announced its fourth quarter and full year 2020 financial results. In results, the company managed to grow its net sales by around 28% to nearly $ 100 million. In addition, the adult education business, which represents more than 54% of total net sales, increased in value by over 7% to $ 54 million compared to the same period last year. One of the most important aspects of the balance sheet is gross profit, which rose nearly 80% to $ 55 million in the first quarter of 2019. Yongi Sun, CEO of Tarena said, “We will continue to operate through 2021. Stick to and implement our strategies that we adopted in 2020. They aim to streamline our products and services and increase the efficiency of the operational and organizational structure. “With these exciting results and the merger announced above, will TEDU be on your list of penny stocks to watch? Ashford Hospitality Trust Inc. (NYSE: AHT) We have been involved with Ashford Hospitality Trust for a long time. And in the past few months, AHT’s shares have continued to rise for a variety of reasons. Before we get into that, let’s talk about what Ashford does. Ashford Hospitality is a REIT or real estate investment trust focused on upscale full-service hotels. In addition, the Ashford app recently developed by the company enables investors in the hospitality / REIT market to communicate via the free download from the App Store. In January, AHT announced the conclusion of a substantial corporate finance deal. This $ 200 million deal from Oaktree Capital Management L.P. also offers the option of drawing an additional $ 250 million if necessary. J. Robison Hayes, CEO of Ashford, stated, “We are pleased to announce the completion of this strategic financing with Oaktree and believe that this partnership will be beneficial to the company going forward. Now that this important funding is closed and vaccine distribution increases, we look forward to getting our hotels profitable again and focusing on growth. “In addition, Ashford will publish its first quarter results on May 4th after market close. To understand AHT, we need to consider the state of the entertainment and hospitality industries. With Covid hitting these markets hard over the past year, many companies like AHT have lost significant value. However, as Hayes noted, it appears that high vaccine distribution could have a significant impact on the future of AHT. With that in mind, it’s up to you to decide whether Ashford is right for your portfolio. Safe Bulkers Inc. (NYSE: SB) If you haven’t heard of Safe Bulkers Inc., you are probably not alone. However, SB stock has made some big moves in recent trading sessions. This includes that April 30th by noon is in the double-digit percentage range. The main explanation for this is that the company announced the deadline for its financial results for the first quarter of 2021 on Friday when the market opened. And while this isn’t necessarily a big deal, news can affect the price of a penny stick. The company has announced that it will present these results via a conference call and webcast on May 5 after close of business. In advance of this, we can take a look at the other announcements that SB recently received. In early April, the bulk transportation company announced a cash dividend of $ 0.50 per share on its 8% Series C preferred stock. Additionally, it announced the same dividend amount for its Series D preferred stock. Safe Bulkers currently has a fleet of 43 dry ships with an average age of around 10 years. In addition, these ships have a total load capacity of around 3.93 million tons. Its fleet includes 15 Panamax-class ships, 10 Kamsarmax-class ships, 14 Post-Panamax-class ships and 4 Capesize-class ships. These form the large fleet of high-capacity dry-mass vessels. With the demand for goods growing globally this year due to increased retail spending, Safe Bulkers could get increased attention in the future. You decide for yourself whether this is worth seeing. Photo by Anna Nekrashevich from Pexels. For more information from Benzinga, click here for option trades from BenzingaIntel and Apple Lead The Dow Jones Lower to close the WeekAnkr Network (ANKR). Benzinga does not offer investment advice. All rights reserved.