Are These Penny Stocks on Your Watchlist This Coming Week?

The answer is yes, you can make money trading penny stocks. However, it’s not as easy as it sounds. There are a few things you need to know before you start trading penny stocks. First of all, penny stocks are highly volatile. This means that they can go up or down in price very quickly. So, you need to be prepared to lose money as well as make money. 

Secondly, penny stocks are often not as stable as other stocks such as blue chips. This means that there is a higher risk of seeing very large price swings in your portfolio. So, you need to be extra careful when choosing which penny stocks you want to trade. Despite these risks, penny stocks can be a great way to make money if you know what you’re doing. 

[Read More] Hot Penny Stocks to Watch Next Week? 3 For Your List

The key is to find the best penny stocks and to trade them carefully. So, if you’re interested in trading penny stocks, make sure to do your research first. There are plenty of resources available that can help you learn more about penny stocks and how to trade them successfully.

3 Penny Stocks to Watch Right Now?

  1. DiDi Global Inc. (NYSE: DIDI
  2. American Rebel Holdings Inc. (NASDAQ: AREB
  3. Sphere 3D Corp. (NASDAQ: ANY

DiDi Global Inc. (NYSE: DIDI)

While DIDI stock has had a less than stellar few days, it’s clear that the company is working hard to continue growing. In the past year, shares of DIDI stock have dropped 75%, however, we have seen some days of bullish sentiment. The most recent news from the Chinese ride-sharing service came on February 26th.

On the 26th, it announced that it would not shut down its operations in Russia following the invasion of Ukraine. And, with an ongoing cybersecurity investigation by the Chinese government, it’s clear that there is a lot on the table for DIDI stock. Last year, the company went public in the U.S. and has since seen extreme volatility. While its recent moves to remain in Russia are a backpedal from its previous announcement, this is only one more example of the control that the government has on the company.

So, if you’re looking for a swing trading volatility play, DIDI stock could be worth watching. However, if you’re more interested in finding a stable penny stock to buy, DIDI stock could be worth avoiding for now. Regardless, it continues to be an interesting company to keep an eye on.

Penny_Stocks_to_Watch_DiDi

American Rebel Holdings Inc. (NASDAQ: AREB) 

Another penny stock that is seeing momentum right now is AREB stock. On March 9th, shares of AREB managed to end the day up by almost 40%. While a day later, AREB stock dropped by around 14%, it’s worth examining why American Rebel is moving right now. The most recent news from the company came on February 9th.

[Read More] Top Penny Stocks To Watch As Nickel, Gold, & Mining Stocks Soar

On the 9th, it announced the closing of a $10.5 million public offering. This offering, worth around 2.53 million units sold at a price of $4.15 per unit, should bring in a significant amount of capital for the company to work with. It states that the proceeds from this will go toward the repayment of outstanding debt, as well as for general corporate purposes. This includes working capital, research and development, and the funding of various growth strategies.

If you’re not familiar, American Rebel is a producer and designer of branded safes. In addition, the company provides self-defense products, branded apparel, and accessories. All of this has helped it to grow significantly in the past few years. And now, it has become a popular name over the last few weeks. So, will AREB be on your list of penny stocks to watch?

Penny_Stocks_to_Watch_American

Sphere 3D Corp. (NASDAQ: ANY) 

ANY stock is a penny stock that we have covered substantially over the past few months. And with a one-year drop of more than 29%, some investors believe that the company could have potential in the near future. Now, it is hard to tell whether ANY stock is worth buying or not right now. However, there is a lot that the company is working on. Last month, the company announced that it would be growing its Bitcoin mining capacity to 32 exahash via the purchase of 60,000 Number NM440 mining machines.

“Our agreement with Sphere 3D provides an enterprise scale deployment path for our next generation bitcoin miners. By significantly reducing the cost and energy consumption of bitcoin mining, we are accelerating an industry shift toward renewable and sustainable energy.

In addition, this agreement allows Sphere 3D to quickly expand their hashrate and become one of the largest bitcoin miners in the global bitcoin mining industry.”

The CEO of Number, Iain Kennedy

Over the past few years, the popularity of Bitcoin has continued to skyrocket. And while this is not a be all end all deal for ANY stock, it is exciting. Considering this, is ANY worth adding to your penny stocks watchlist?

Penny_Stocks_to_Watch_Sphere

Are Penny Stocks Worth It?

First of all, penny stocks are highly volatile; this means that they can go up or down in price very quickly. So, you need to be prepared to lose money as well as make money.

[Read More] 4 Penny Stocks With Huge Potential According To Analyst Forecasts

Secondly, penny stocks are often not as stable as other stocks, such as blue chips. This means that there is a higher risk of seeing very large price swings in your portfolio. So, you need to be extra careful when choosing which penny stocks you want to trade. Regardless, finding the best penny stocks to buy is completely up to you. With all of that in mind, are penny stocks worth it or not?

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  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
  • Learn To Trade Penny Stocks
  • Free Access to The Fastest Growing Highest Rated Trading Chatroom
Privacy Policy

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

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