5 Best Penny Stocks to Buy in September

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In this article, we will take a look at the 5 best penny stocks to buy in September. If you want to read our discussion on the current US economic situation, go directly to the 10 Best Penny Stocks to Buy in September.

5. American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT)

Number of Hedge Fund Holders: 5

American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) is an Atlanta, Georgia-based cloud communications provider.

On August 25, American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) announced that it is looking into the option of selling certain segments or the complete business. The company has Northland Capital to execute a strong buyout. American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) received a buyout offer of $9 per share in April 2021. Since then, the company has seen its top line rise following the acquisition of Kandy service.

Experts believe that American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) can find a suitable buyer in the next one to three months, and any development on this front will surely provide impetus to the share price. Experts anticipate the bid to be in the range of $1 to $4.

Citadel Investment Group raised its stake in American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT) by 70% during Q2 2022.

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