3 Penny Stocks That Investors Are Watching Right Now
As investors continue to watch the first month of the year play out for penny stocks, there is plenty to keep track of. After a dismal day of trading in the broader stock market, investors continue to search for the best penny stocks to buy.
Now, the challenge in 2022 is understanding where movement is right now and where it could go in the coming weeks to months. Of course, the most pressing factor in the stock market right now is the Omicron variant of Covid. This variant has caused major upticks in case numbers around the world and as a result, large amounts of fear and upset in the market. While the volatility from the initial announcement of Omicron is gone, there is still a sizable amount of uncertainty moving forward.
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Because penny stocks are so speculative, we tend to see rapid and large price movement with under $5 stocks when news is announced. This is why it is so crucial to understand exactly what is going in the stock market. In addition having a consistent and well-thought-out trading strategy can both mean the difference between profits and losses. So, with all of this in mind, let’s take a look at three penny stocks to add to your watchlist this month.
3 Penny Stocks to Add to Your Watchlist This Week
- Southwestern Energy Company (NYSE: SWN)
- Tellurian Inc. (NYSE: TELL)
- Phunware Inc. (NASDAQ: PHUN)
Southwestern Energy Company (NYSE: SWN)
Today, shares of SWN stock climbed by over 3.6% which is a substantial move for an energy stock. In the past twelve months, shares of SWN stock have shot up by over 40% which is no small feat. While there’s no news today that could be behind this gain, we can look at some of the most recent announcements from the company.
Only a week or two ago, Southwestern announced the completion of the acquisition of GEP Haynesville. This acquisition comes on the back of its $1.15 billion offering of 4.75% senior notes which occurred earlier in December. If you’re not familiar with SWN, it is an energy producer in the U.S. Primarily, the company producers natural gas and natural gas liquids in some of the most prolific shale gas basins in the country.
Right now, the energy industry is heating up as demand continues to see an ebb and flow. With any energy stock in 2022, we have to consider the pandemic. When case numbers rise, we tend to see a fall in the price and demand of energy and vice versa. So, keeping this in mind is extremely important. With that considered, do you think that SWN stock is worth adding to your list of penny stocks to buy or not?
Tellurian Inc. (NYSE: TELL)
Another energy penny stock that climbed today is Tellurian Inc. On January 10th, shares of TELL stock shot up by over 3.6%. In the past twelve months, shares of TELL have shot up by a very impressive 104%. This reflects the bullishness on the energy industry during that time and Tellurian as a whole.
If you’re not familiar with Tellurian, the company also works in the natural gas industry. It has a large portfolio of low-cost natural-gas-related entities that are based in Houston, Texas. Recently, the company announced a public offering of senior notes worth $50 million. This offering consists of 8.25% senior notes due 2028. The company states that with this, it should be able to move forward with the potential acquisition of upstream assets. In addition, the money will go toward general corporate purposes.
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As an energy company, acquisitions are extremely important and with this funding, Tellurian should have an upper hand moving forward. As stated with SWN, investors should keep a close eye on the trajectory of Covid right now and in the near future. With that in mind, do you think that TELL stock is a worthwhile addition to your penny stocks watchlist?
Phunware Inc. (NASDAQ: PHUN)
Phunware Inc. is a tech penny stock that we have covered numerous times in the past few months. With a small uptick today, PHUN stock is once again in the public eye. In the past six months, shares of PHUN have climbed by a very sizable 118%. While it is nowhere near its October high of over $8 at around $2.67, shares are steadily showing an upward trend.
One of the main reasons for the recent gains with Phunware is its relation to Trump stocks. This includes DWAC stock and others. Recent news has placed Phunware in the midst of Trump’s new social media app, which has been a large and speculative deal for months now. In addition to this, the company recently announced a partnership with PrimusTech to integrate mobile smart solutions in Asia.
“We’re very excited to be working with one of the pacesetters in the digital transformation of buildings. We look forward to adding Phunware platform to our suite of solutions and offer higher value to our customers. We believe that Phunware’s capabilities will be instrumental in establishing our position as a pioneer in the digital transformation of organizations around the globe.”
The CEO of PrimusTech, Amanda M. Shen
All of this is exciting news and shows that PHUN stock could be worth keeping an eye on in the near future.
Which Penny Stocks Are on Your Watchlist Right Now?
With so much going on in the stock market right now, it can often seem like a daunting task to pick the best ones for your watchlist. However, with the right trading strategy on hand and a thorough understanding of how to trade, it can be much easier.
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As stated earlier, the most pressing factor on movement in the market right now is Covid and the Omicron variant specifically. Because of this, staying up to date with the latest news and events will continue to be a major benefit. Although trading penny stocks in 2022 is not easy, using all of this advice can help to give you the best chance of profitability. Considering this, which penny stocks are on your watchlist right now?
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