Ten red hot stocks to explore in July

Summary

• Verb Technology stock (VERB) price increased by 56.58 percent since June 23.
• Infobird Co Ltd.’s stock price decreased by 15.42 percent YoY.
• Bed, Bath & Beyond’s stock prices increased by 225.49 percent YoY.

Red hot stocks are company shares whose prices rise regularly and show growth potential. They are typically in great demand. Investors prefer to invest in red hot stocks due to the high returns they offer.

Here we explore 10 red hot stocks in the market.

Verb Technology Company, Inc. (Nasdaq:VERB)         

Verb Technology Company develops SaaS applications for mobile phones and desktop computers. Its stock traded at US$2.02 at 9.23 am ET on June 30, up 28.39 percent over the previous closing price. Its stock price increased by 56.58 percent since June 23 and 64.22 percent YoY.

The company’s market capitalization is S$98 million. Forward P/E 1 Yr. is -4.84. Earnings per share are –0.74, and beta is 0.85. The 52 weeks highest stock price is US$3.10, and the lowest is US$0.92. Its share volume is 23,605,247.

The company reported recurring SaaS revenue of USS$1.5 million in Q1, 2021, ended on March 31, up by 38 percent YoY. Total digital revenue was US$1.8 million. It got new 16 clients in this quarter.  

Also read: 5 hot healthcare stocks to explore before June ends

Source: Pixabay

Infobird Co., Ltd (Nasdaq:IFBD)

Infobird Co Ltd provides AI-powered SaaS solutions for customer-engagement solutions in China.

Its stock traded at US$5.10 at 9.46 am ET on June 30, up by 1.58 percent over the previous closing price. Its stock price increased by 37 percent since June 23. And stock prices decreased by 15.42 percent YoY.

The company’s market capitalization is S$123 million. The 52 weeks highest stock price is US$11.25, and the lowest is US$3.25. Its share volume is 1,420,815.

The company reported total revenue of US$14.5 million in the fiscal year 2020. That is a 20.4 percent decrease as compared to 2019.

Also read: Three healthcare penny stocks to explore

Constellation Brands, Inc (NYSE:STZ)

Constellation Brands Inc. produces beer, wine, and spirit products. Its stock traded at US$235.7491 at 10.17 am ET on June 30, up by 2.06 percent over the previous closing price. Its stock price increased by 5.12 percent since June 23 and 26.82 percent YoY.

The company’s market capitalization is S45.3 billion. The P/E ratio is 22.80. Earnings per share are 10.32. The forward dividend yield is 3.04. The 52 weeks highest stock price is US$160.63, and the lowest is US$244.75. Its share volume is 1,075,007.

Also read: Five top fintech stocks to watch this week

Bed Bath & Beyond Inc. (Nasdaq:BBBY)

Bed, Bath & Beyond is a US-based retail store chain specializing in bedding, bathroom, kitchen, and home décor.

Its stock traded at US$34.7767 at 10.42 am ET on June 30, up by 17.49 percent over the previous closing price. Its stock price increased by 18.17 percent since June 23. And stock prices increased by 225.49 percent YoY.

The company’s market capitalization is US$3.6 billion. The P/E ratio is 22.80. Earnings per share are -1.25. The forward dividend yield is 3.04. The 52 weeks highest stock price is US$53.90, and the lowest is US$7.39. Its share volume is 27,949,081. Beta is 1.86.

It reported net sales of US$1.9 billion in Q1, 2021, which ended on May 29. It was US$1.3 billion in Q1, 2020. Net income was US$51 million or US$0.48 earnings per share in Q1, 2021 as compared to US$302 million or US$2.44 EPS the previous year.

Also read: Top large-cap stocks to focus on right now

Xcel Brands, Inc (Nasdaq:XELB)

Xcel Brand is a media and consumer company that sells apparel, footwear, accessories, and jewelry.

Its stock traded at US$2.776 at 11.18 am ET on June 30, up by 15 percent over the previous closing price. Its stock price increased by 22.83 percent since June 23. And stock prices increased by 211 percent YoY.

The company’s market capitalization is US$52 million. The forward dividend yield is -0.76. The 52 weeks highest stock price is US$4.15, and the lowest is US$0.65. Its share volume is 987.656. Beta is 1.88.

It reported total revenue of US$7.8 million in Q1, 2021, ended on March 31, a decrease of US$1.7 million over Q1, 2020. It reported a net loss of US$0.08 million or US40.04 per diluted share. Adjusted EBITDA was US$0.9 million.

Source: Pixabay

Also read: Five used car stocks to consider amid a red-hot auto market

Advanced Micro Devices, Inc.(Nasdaq:AMD)

AMD makes visual graphics for various applications, primarily used in gaming and immersive platforms. Its stock traded at US$93.261 at 11.40 am ET on June 30, up by 4.18 percent over the previous closing price. Its stock price increased by 11.14 percent since June 23. And stock prices increased by 77.18 percent YoY.

The company’s market capitalization is US$113 billion. The 52 weeks highest stock price is US$99.23, and the lowest is US$50.82. Its share volume is 35,849,353. Beta is 2.03. Earnings per share are 2.35. The P/E ratio is 39.73.

It reported revenue of US$3.4 billion in Q1, 2021, which ended on March 31. It was US41.7 billion in Q1, 2020. Gross profit was US$1.5 billion in Q1, 2021, and it was US$898 million the previous year.

Also read: Five hot energy stocks under US$1

AST SpaceMobile, Inc.(Nasdaq:ASTS)

AST SpaceMobile and its partners are building the first space cellular network that smartphones can use. The company went public In December 2020. 

Its stock traded at US$14.3106 at 11.56 am ET on June 30, up by 40.11 percent over the previous closing price. Its stock price increased by 49 percent since June 23. And stock prices increased by 41.46 percent YoY.

The company’s market capitalization is US$2.6 billion. The 52 weeks highest stock price is US$25.37, and the lowest is US$6.96. Beta is 0.03.

Also read: Three upcoming tech stocks to explore on NASDAQ

Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group is one of the leading airlines in the US. Its stock traded at US$60.53 at 12.40 pm ET on June 30, up by 0.67 percent over the previous closing price. Its stock price decreased by 5 percent since June 23. And stock prices increased by 66.93 percent YoY.

Also read: 10 retail stocks to explore as the economy improves

Borqs Technologies, Inc. (Nasdaq:BRQS)

Borqs Technologies designs develop internet of things of products and solutions. Its stock traded at US$1.3402 at 12.46 pm ET on June 30, up by 35.66 percent over the previous closing price. Its stock price increased by 48.26 percent since June 23. And stock prices increased by 2 percent YoY.

Also read: Five Hot Growth Stocks That May Fly High

Editas Medicine, Inc. (Nasdaq:EDIT)

Editas Medicine develops drugs for people with serious health problems. Its stock traded at US$57.6268 at 12.55 pm ET on June 30, up by 24.99 percent over the previous closing price. Its stock price increased by 52.37 percent since June 23. And stock prices increased by 94.81 percent YoY

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.