3 Trending Penny Stocks For Your April Watchlist
There are a few things you can do to find penny stocks that are likely to climb in the near future. Firstly, look at the overall market and see how it is performing. If the market is doing well, then stocks are likely to follow suit.
This includes understanding exactly what is going on in the world, and how it may impact the penny stocks on your list and the stock market at large. Additionally, you can look at individual industries and see how they may be impacted as well. This can give you a good idea of which stocks are likely to have a better chance of short or long term success.
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Next, you can look at specific stocks and see how they have been performing recently. If a stock has been climbing steadily, it could continue to do so. However, if it has seen major gains or losses, the highly volatile trend is likely to continue as well. All of these factors can help you find penny stocks that are likely to climb in the near future.
When it comes to penny stocks, always remember to do your own research before investing. This includes understanding the basics of penny stocks and the stock market, as well as getting understanding how to trade. Doing research will help you to make more informed decisions and in turn, lead to greater success in the market. With that in mind, let’s take a look at three penny stocks that investors are watching right now.
3 Penny Stocks That Could Explode Next Month
- Kidpik Corp. (NASDAQ: PIK)
- Sonim Technologies Inc. (NASDAQ: SONM)
- Revelation Biosciences Inc. (NASDAQ: REVB)
Kidpik Corp. (NASDAQ: PIK)
One of the largest gainers of the day is PIK stock, which shot up by over 158% at EOD. In the past five days, shares of PIK stock have climbed up by over 166%. The big news for the company today came during premarket when it announced a new partnership with Disney.
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It stated that it has teamed up with Disney to celebrate the release of Cheaper by the Dozen, which is a new version of the older company. If you’re not familiar, Kidpik is an online clothing subscription box for kids. The company offers styled outfits that are curated for each member. This has become a major business in the past few years. Last month, the company announced its new spring 2022 kids clothing subscription boxes.
“Our Spring collection is bright, fun and offers fashionable must-haves we feel kids will be excited to wear. Parents can subscribe to receive a Spring wardrobe refresh for their growing kids monthly or seasonally, and expertly styled, personalized outfits will be delivered to their door.
Everything in the box is designed to mix-and-match, so our service saves parents time and simplifies morning routines by filling kids’ closets with an on-trend wardrobe they can style freely.”
Ezra Dabah, the CEO of Kidpik
With this in mind, does PIK deserve a spot on your watchlist this month?
Sonim Technologies Inc. (NASDAQ: SONM)
During trading today, shares of SONM stock shot up by over 14%. And, in the past five days, shares of SONM stock shot up by over 110% and over the last month by more than 135%. This is a major gain and reflects SONM stock as a company and the industry in the last few months as well. The most recent news from the company came on March 15th. On the 15th, it announced that its new ultra-rugged smartphone, the XP8, which has integrated Walkie Talkie functions, will be available to be used on Windows Teams for frontline workers.
“Frontline workers in many industries have been pushed to their limits as the result of the pandemic and are in need of technology that reduces friction by saving time, providing reliable communications and improving productivity.
Walkie Talkie in Teams on the Sonim XP8 meets this challenge by combining all of these capabilities onto one ultra-rugged device that connects users instantly with the push of a button.”
John Graff, the Chief Marketing Officer for Sonim
In the past few months, we’ve seen connectivity continue to be a major benefit for investors. With this in mind, do you think that SONM stock is worth buying or not?
Revelation Biosciences Inc. (NASDAQ: REVB)
Another major gainer of the Dayton March 17th is REVB stock. By EOD, shares of REVB had shot up by over 28%, ending the day at more than $1.60 per share. This is a major gain and reflects some news announced a day prior. On March 15th, Revelation announced completed enrollment and dosing for its Phase 2B viral challenge study. This study is assessing the efficacy of Intranasal REVTx 99 for preventing H3N2 influenza infection.
It states that it should be able to achieve primary endpoint analysis by the beginning of the second quarter of this year. Right now, there is a large emphasis on biotech penny stocks. And with this exciting news, it’s clear that REVB stock is on that list. Considering that, will it be on your penny stocks watchlist or not?
Are Penny Stocks Worth Investing in Right Now?
When it comes to stocks, there are a lot of different options out there. But if you’re looking for something that has the potential to give you a high return (or loss) on a small investment, penny stocks may be worth considering.
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Although they’re often overlooked by investors because of their volatility, penny stocks can offer some of the best opportunities for growth in the stock market. That’s because when a company is starting out, its stock is usually priced at a fraction of what it will be worth once it becomes more established. And along the way, major price jumps can offer swing traders a chance to profit. With all of this in mind, do you think that penny stocks are worth investing in right now or not?
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