3 Penny Stocks to Add to Your Watchlist in March 2022
When it comes to penny stocks, there are a lot of things to consider. First, you need to decide what stocks to invest in. This can be a daunting task, but there are a few tips that can help make the process easier.
One thing to keep in mind is that not all penny stocks are created equal. There are some stocks that are riskier than others, so it’s important to do your research before investing. You can start by looking up the stocks that interest you on sites Reddit or Twitter. This will help to give you a good idea of which penny stocks are trending.
Right now, some trending penny stocks include Houston American Energy Corp. (NYSE: HUSA) and Uranium Energy Corp. (NYSE: UEC) to name a few. Once you’ve found a few stocks that you’re interested in, take a look at their financial history to get an idea of how they’ve performed in the past.
Another thing to consider is the company’s fundamentals. This includes things like their revenue, profit margins, and debt levels. You can find this information by reading the company’s annual report or by looking up their financials which are widely available.
Once you’ve considered all of these factors, you should have a good idea of which penny stocks are worth investing in. Remember, however, that the stock market is always volatile, so it’s important to do your own research and only invest what you’re comfortable with losing. With that in mind, let’s take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks to Watch in the Latter Half of March
- Farmmi Inc. (NASDAQ: FAMI)
- Meten Holding Group Ltd. (NASDAQ: METX)
- Vinco Ventures Inc. (NASDAQ: BBIG)
Farmmi Inc. (NASDAQ: FAMI)
One of the bigger gainers of the day is FAMI stock, which shot up by over 5%. Despite shares of FAMI stock dropping by over 85%, some recent news has come out regarding the company. On March 14th, Farmmi announced a repeat order for its dried black fungus and dried mushrooms.
“We continue to focus on driving across the board growth with our upward trajectory led by our high-quality products and farm to table distribution.
Our team is really doing a great job supporting our customers worldwide, as we help them to secure the quantities they need and to navigate the ongoing logistics situation. This is an exciting time for us and we are working hard to capture an increased share of the opportunities in front of us.”The CEO of Farmmi, Ms. Yefang Zhang
If you’re not familiar, Farmmi is a provider of agricultural products. This includes shiitake mushrooms, Mu Er mushrooms, and other edible fungi-related goods. The company has worked heavily to continue growing its business in the past few months and as a result, it has gained attention from investors. While FAMI stock is highly volatile, the company does have a lot to offer. Considering this, will FAMI be on your list of penny stocks to watch?
Meten Holding Group Ltd. (NASDAQ: METX)
Meten Holding Group is another penny stock that is climbing during trading right now. By midday, shares of METX stock had shot up by over 14% to more than $0.20 per share. And in the past six months, we’ve seen METX stock drop by around 40%, which is quite a large amount.
While many penny stocks gain without news, today, Meten made an exciting announcement. The company stated that it has formed a strategic alliance with the digital currency firm, Global Blockchain, to begin pursuing new opportunities in the industry.
“We are pleased to cooperate with Global Blockchain as we keep expanding our blockchain and digital currency business in the U.S. This cooperation will help us stay informed in the fast-evolving blockchain and digital currency industries and stay close to the industry development trend.”The CEO of Meten, Alan Peng
Right now, there is a major emphasis on blockchain and the crypto industry. Because of this, it’s clear that METX is seeing increased attention in the market. The company states that it will begin constructing a digital currency mining farm in the U.S., and it plans to build it to a capacity of 5 to 10 megawatts. With that in mind, does METX deserve a spot on your penny stocks watchlist?
Vinco Ventures Inc. (NASDAQ: BBIG)
Vinco Ventures is a penny stock that we’ve discussed numerous times in the past few months. And again during trading today, shares managed to climb by over 7%. In the past month, BBIG stock has fallen by around 25%, and more than 69% in the past six months.
In the past year or so, Vinco Ventures has continued to be a penny stock that is trending across different social media platforms. Because of this, BBIG stock is highly popular right now, and has remained so for quite some time.
Now, it’s also worth noting that Vinco Ventures is extremely volatile. While it is highly volatile, it has made several recent acquisitions such as AdRizer. This has helped its long term growth strategy and its present day prospects. With all of this considered, will BBIG be on your list of penny stocks to buy?
Which Penny Stock Are You Watching Right Now?
The stock market is always changing and it can be hard to keep up with the latest trends. However, if you’re thinking about investing in penny stocks, it’s worth doing your research to find out which companies are currently performing well.
The best stocks to invest in right now may not be the same stocks that are performing well a few months from now, so it’s important to stay up to date on the latest news and financial reports. With all of this in mind, which penny stocks are you watching right now?