3 Trending Penny Stocks For Your Watchlist Right Now
When it comes to penny stocks, investors need to understand which ones are worth buying and which are not. In order to find penny stocks that are worth buying, you need to look at a few different factors. First, consider the company’s financial stability. You can find this information by looking at its balance sheet and income statement.
Next, look at the company’s competitive position. Is it a leader in its industry? Does it have a strong competitive advantage? All of these are paramount in deciding if you can make money with a given penny stock. Finally, look at the company’s valuation. Is it trading at a reasonable price? By considering these factors, you should be able to have an easier time finding penny stocks that are worth buying.
If you’re interested in finding stocks that are trending, there are a few other methods to consider. This includes scouring the web in places like Reddit or Twitter, to see which companies are being discussed. Popular examples of trending penny stocks include Camber Energy Inc. (NYSE: CEI) and Phunware Inc. (NASDAQ: PHUN) to name a few.
While trending penny stocks are typically very volatile, they can offer potential if you know what you’re doing. With all of this in mind, let’s take a look at three penny stocks that are trending right now.
3 Trending Penny Stocks to Watch in 2022
- Arcadia Biosciences Inc. (NASDAQ: RKDA)
- Exicure Inc. (NASDAQ: XCUR)
- Clearside Biomedical Inc. (NASDAQ: CLSD)
Arcadia Biosciences Inc. (NASDAQ: RKDA)
One of the bigger gainers of the day at EOD on March 14th is Arcadia Biosciences. With over 4% in gains, shares of RKDA stock have shot up by over 12% in the past five days and more than 48% in the past month. This comes after a one year drop of over 49%, which is quite substantial. So, why are shares of RKDA stock climbing right now? Well, it is tough to say with certainty, however, the company did recently announce the brand marketing veteran, Stan Jacot, as its new CEO.
In other news, a few days ago, the company’s WIPO PatentScope document for its ‘Methods of Increasing Fiber in a Wheat Grain’, were circulated, with major investor appeal. This comes as there is also a sizable amount of excitement surrounding the agriculture industry right now.
Because of this, we’ve seen a great about of speculation with companies involved in the sector to any extent. While it’s tough to say with certainty where RKDA stock will be headed, there’s no doubting that it could be worth adding to your penny stocks watchlist.
Exicure Inc. (NASDAQ: XCUR)
By EOD on March 14th, XCUR stock had climbed by over 5%. This brings its one month gain to over 15%, which is quite a lot, and has brought with it a sizable amount of investor attention. In the past six months, XCUR stock has dropped by more than 84%, which is not an encouraging sign. The most recent news from the company came on February 4th. On the 4th, it announced that its CEO Brian C. Bock, had resigned, with Dr. Matthias Schroff being replaced as the new President and CEO.
“On behalf of the Board and the Exicure organization, I would like to thank Brian, Tim, Bosun and Andy for all of their contributions to the Company and wish all of them the best in the future. Our leadership team has made good progress since the unfortunate events of the fourth quarter of 2021 in stabilizing the business, and I look forward to collaborating with Dr. Schroff.”Exicure Board Member, Betsy Garofalo, M.D.
Leadership changes are always exciting with penny stocks as they allow for growth and a potential new direction for a company. Considering that this could be on the horizon for XCUR, it could be worth keeping an eye on. With that in mind, will XCUR be on your penny stocks watchlist this month?
Clearside Biomedical Inc. (NASDAQ: CLSD)
Another trending penny stock and sizable gainer on March 14th is CLSD stock. At EOD, shares of CLSD stock had shot up by over 8% to more than $2.08 per share. If that seems like a lot, in the past five days, we’ve seen CLSD stock climb by over 54%. The most recent news for CLSD came on March 10th. On the 10th, it announced its Q4 2021 and full year financial results as well as a corporate update.
“Our suprachoroidal injection platform is a proven approach for ocular drug delivery that offers potential advantages over other types of administration. Following the approval and launch of XIPERE™, the first product approved for suprachoroidal delivery, there is a growing base of retinal specialists trained to use our proprietary SCS Microinjector.”The CEO and President of Clearside, George Lasezkay
Fiscally, the company posted license and other revenue for the fourth quarter of $25.7 million alongside general and administrative expenses of $3.1 million. For the fourth quarter, it brought in a net income of $18.7 million or $0.31 per share. This is compared to a net loss of $7.1 million. As you can see, there are a lot of positives with CLSD stock. Keeping that in mind, is it worth buying right now or not?
Which Penny Stocks Are You Watching Right Now?
To find penny stocks that are worth investing in, you’ll need to do some research. Once you’ve identified a few stocks that look promising, it’s important to do your due diligence. Read the company’s financial reports and press releases, and listen to earnings calls to get a sense of how the the penny stock is doing as a company.
You should also check out online forums and chat rooms to see what other investors are saying about the stock. As stated earlier, trending penny stocks tend to be highly volatile. And, this can be a benefit if used correctly. With all of this in mind, which penny stocks are you watching right now?