Are These Penny Stocks Worth Buying in 2022?
With another week of trading penny stocks ending, there is a lot for investors to understand about the future. When it comes to trading penny stocks, investors need to consider what’s going on in the world. Right now, the largest impacting factor on the stock market is Covid and specifically, the Omicron variant. This has led to other impacts such as inflation, unemployment, and shifting economic policies in the future.
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In the past week, trading both penny stocks and blue chips has been difficult. A symptom of this is the massively heightened volatility we’ve witnessed during the past week or so. When it comes to penny stocks, investors also need to understand how to trade. This means having a well-thought-out trading strategy that can adapt to the current conditions of the stock market. Having a trading strategy involves understanding what type of trader you are.
Are you more of a long term trader and someone that is looking to hold on for months at a time? Or are you looking for short term positions that can make sizable moves in a matter of a few hours or days? Regardless, understanding which one you are is extremely important. With all of this in mind, let’s take a look at three penny stocks that could be worth watching in 2022.
3 Penny Stocks to Add to Your 2022 Watchlist
- Exela Technologies Inc. (NASDAQ: XELA)
- Camber Energy Inc. (NYSE: CEI)
- Tellurian Inc. (NYSE: TELL)
Exela Technologies Inc. (NASDAQ: XELA)
Exela Technologies is a penny stock that we have covered numerous times in the past few weeks. But, if you’re not familiar, let’s take a closer look. Exela is a leader in what is known as BPA or business process automation. It has over 4,000 customers around the world in more than 50 countries which vastly broadens its reach. This includes more than 60% of the Fortune 100 list. The company offers services such as workflow automation, integrated communications, finance and accounting, and human capital management.
All of these together make up Exela’s large portfolio of offerings. On Wednesday, January 12th, the company announced that it has expanded its relationship with Mastercard in Europe to begin supporting Giro payments automation. This concerns Exela’s XBP platform in the EMEA region, specifically, Norway.
“We are proud to continue developing our partnership with Mastercard and look forward to servicing the entire Norwegian Giro payments market. This solution is part of our global XBP rollout.”
The President of Exela EMEA, Vitalie Robu
Expansions like this are great news for the company and investors alike and it could help to inspire confidence in the future. So, with all of this exciting news in mind, will XELA be on your penny stocks watchlist moving forward?
Camber Energy Inc. (NYSE: CEI)
Another penny stock that we’ve covered several times over the past year or so is Camber Energy. Camber is often discussed as a social media stock and specifically a Reddit penny stock. As a result of this, shares have climbed by over 30% in the past six months. This includes a major 660% gain from August 30th to the end of September. While shares have corrected since then, the company is still making headway right now.
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If you’re not familiar, Camber Energy is a diversified energy penny stock that provides custom energy and power solutions. These are offered to its large range of clients across North America. In addition, Camber owns interests in several oil and natural gas assets around the U.S. as well as an exclusive license in Canada for a carbon-capture system. During the first week of the year, the company announced the closing of a $100 million equity transaction with a large institutional investor. It stated that it was paid $5 million in cash and the execution of Promissory notes of $23.75 million each.
“With the funding commitment in place we can confidently pursue new acquisitions and other important value-added initiatives throughout 2022, yet we have the option of redeeming all or a portion of the shares and not accept the funds if we do not believe it is in the best interest of the company to do so at the particular time.”
The CEO of Camber, James Doris
With all of this considered, does CEI deserve a spot on your list of penny stocks to watch this month?
Tellurian Inc. (NYSE: TELL)
One of the most trending penny stocks of the past few weeks has been TELL stock. In the last five days, shares have climbed by over 7%, which is quite substantial for an energy stock. Tellurian is a producer and developer of natural gas assets. The company operates LNG marketing and trading as well as a 27.6 mtpa LNG export facility and a pipeline included in this.
Back in November, Tellurian announced an underwritten public offering of $50 million in aggregate principle amount of 8.25% senior notes due 2028. This funding will be used for general corporate purposes as well as the acquisition of upstream assets in the future. Since then, not much news has come out of Tellurian. However, there is a lot of overwhelming bullish sentiment in the oil and gas industry right now. With that in mind, will TELL be on your penny stocks buy list?
Are These Penny Stocks Worth Buying Right Now?
If you’re looking to find the best penny stocks to buy, there are hundreds to choose from. While it can be difficult to pick the best ones for your watchlist, using a trading strategy and understanding how the market is moving, will both be crucial to your search. Now, when it comes to understanding the stock market in 2022, Covid and the Omicron variant remain the two most impactful factors on how penny stocks and blue chips are trading.
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So, use these as an advantage and think outside of the box. Because penny stocks are so speculative, this is a crucial factor to making money with small caps right now. In addition, considering which industries may see bullish interest in both the near and far term, will aid in this process. So, considering all of this, do you think that penny stocks are worth buying right now or not
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