3 Trending Penny Stocks to Add to Your Watchlist This Week
Finding trending penny stocks is a great way to stay ahead in the stock market. Now, it can be challenging given the sheer number of penny stocks out there, however, with the right information on hand, it can be much easier.
How to Find Trending Penny Stocks
While sites like Reddit and Twitter can be valuable resources for finding penny stocks to buy, there are plenty of other ways to add trending stocks to your list. The best place to start is with the trading and research platform you use. When looking for whether or not a penny stock is trending, one of the best metrics is volume.
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For those unfamiliar, volume is the number of shares trading hands in a given trading day. If it is abnormally high, we can usually surmise that a stock is trending. That or news has just come out regarding the company. But regardless, unusual volume is typically a great way to see if a stock is trending and by how much.
Second, using tools such as sentiment scanners can help to display how much a stock is being discussed online. While this is not the only tool you should use, it can be a great addition to your research.
In line with this, finding trending penny stocks should only be a basis for making a penny stocks watchlist. Investors should not simply invest in penny stocks simply because they’re trending. With that in mind, let’s take a look at three trending penny stocks to watch right now.
3 Trending Penny Stocks to Watch Right Now
- Vinco Ventures Inc. (NASDAQ: BBIG)
- Exela Technologies Inc. (NASDAQ: XELA)
- Camber Energy Inc. (NYSE: CEI)
Vinco Ventures Inc. (NASDAQ: BBIG)
In the past few trading days, we’ve seen shares of BBIG stock continue to climb substantially. While there is a lot going now with BBIG stock, it’s also important to consider its role in the stock market right now. For those unfamiliar, BBIG stock is often cited as being a Reddit penny stock. This is due to the sheer amount that it is discussed online, and the amount that the company tends to trend as a whole online.
This means that it is likely to see shares of Vinco Ventures climb or fall substantially in any given trading day. And to understand what BBIG has been up to, we have to take a look at its most recent announcements. On February 16th, big news dropped when Vinco announced the completion of its acquisition of AdRizer. AdRizer is an AI-powered revenue attribution platform.
“With the AdRizer acquisition complete, we are now focused on deploying AdRizer’s technology platform to monetize the content creation and streaming capabilities of the Lomotif short form video app through digital advertising.”
The CEO of Vinco Ventures, Lisa King
This was and is a big deal for the company as it greatly expands Vinco’s reach as a whole. And, with its Lomotif platform working to compete with video-sharing giant, TikTok, this is another positive addition to the company. Considering that, will BBIG be on your list of penny stocks to watch?
Exela Technologies Inc. (NASDAQ: XELA)
Exela Technologies Inc. is a penny stock that we have discussed frequently in the past few months. And with a one month climb of over 58%, it’s clear why so many investors are watching it right now. To understand Exela, we first have to take a look at what the company does.
Exela Technologies is a leader when it comes to business process automation or BPA. It has a sizable customer base of over 4,000, spread across 50 countries around the world. As a major player in this area of the tech industry, Exela has made a big name for itself in the past few years.
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The most recent news from Exela came on February 8th. On the 8th, it announced the increase of its presence in Europe via the purchase of a headquarter in Ireland. The deal concerns a multi-level 25,000 square foot facility in Dublin, and will allow Exela to grow very quickly in Ireland. Currently, the company is already a major payment service provider in Ireland, however, this footing will allow it to expand.
“For nearly ten years, Exela has offered a utility framework approach to the leading Irish banks by processing and clearing all domestic and cross border cheque payments. The service has grown to over 80% market share in Ireland with our close partnership with the Bank of Ireland, Allied Irish Bank, PTSB and Danske Bank and we aim to continue growing.”
Vitalie Robu, the President of the EMEA
This is great news for Exela and shows just how committed the company is to growth. With that in mind, will XELA be on your list of penny stocks to watch?
Camber Energy Inc. (NYSE: CEI)
CEI is another trending penny stock that has been in the headlines many times in the past year. And with some recent bullish sentiment, Camber Energy is once again in the public eye. The most recent news from the company came on February 17th.
On the 17th, it stated that the leaders of its subsidiary, Viking Energy, had been recognized as major players in the energy sector. This is the result of the company developing several groundbreaking technologies including ready-for-market proprietary electric transmission and distribution open conductor detection systems.
These can effectively increase the safety and stability of the electric grid system without replacing the existing infrastructure. So, with this recognition in mind, does CEI belong on your penny stocks watchlist?
Which Trending Penny Stocks Are on Your Watchlist Right Now?
If you’re looking for the best trending penny stocks to buy, there are hundreds of options to choose from. While it can be difficult given the sheer number of penny stocks out there, understanding the company wholly will give you a greater chance of profitability.
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In addition, knowing what your investing style is and what your tolerance for risk will be, are both crucial to picking penny stocks to buy. At the end of the day, investing is a highly individual task, and for that reason, it should take a great deal of consideration. With all of this in mind, which trending penny stocks are you watching right now?
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