Check These 3 Penny Stocks Out For the End of March
If you’re looking to invest in penny stocks in 2022, there are a few things you’ll need to keep in mind. First, the stock market can be volatile, so it’s important to do your research and choose stocks wisely. This means looking at the market, understanding what is impacting penny stocks, and learning how to benefit.
When it comes to stocks, there are a lot of options available and it can be difficult to know where to start. However, by taking the time to understand the market and what penny stocks are doing, you can make informed decisions about which stocks to invest in. Second, penny stocks can be a good investment for the long term, but they may not always be the best option. While we have seen many penny stocks climb out of the $5 territory, more often than not, traders use penny stocks to make short term gains.
So, if you’re looking for a quick return on your investment, penny stocks can be a good option. However, if you want to passively invest, penny stocks may be too volatile in the long run. Finally, it’s important to remember that both penny stocks and blue chips are always risky. There’s no guarantee that stocks will go up in value, no matter how well they’ve performed in the past.
Some solid performers today include New Oriental Education & Tech Group (NYSE: EDU) and RLX Technology Inc. (NYSE: RLX). And while these can be good options, they are also very risky. So, by diversifying your portfolio and investing in a mix of stocks, you can minimize your risk and maximize your chances for success.
3 Penny Stocks to Watch as March Ends
DiDi Global Inc. (NYSE: DIDI)
One of the biggest gainers of the day so far is DIDI stock. By midday, shares of DIDI had shot up by over 50% to more than $3.89 per share. This is a substantial increase and comes on the back of a five day gain of more than 103%.
To understand if DIDI stock is worth it or not, we have to take a closer look at what the company does and what its future could look like. As one of the largest ride hailing companies in China, DIDI has been making headlines since its IPO last year. However, at under $4, DIDI stock is well below its IPO price of $14 per share.
Now, recent market volatility in China has meant that Chinese stocks are not doing as well as many had hoped. Because of this, we have seen severe underperformance for DIDI stock in the past few months. But, with today and this past week’s bullish turnaround, now could be a time to take a closer look at whether or not DIDI stock is worth buying. Considering this, will it be on your list of penny stocks to watch?
Imperial Petroleum Inc. (NASDAQ: IMPP)
Up by over 4% at midday is IMPP stock. While shares have dropped by over 22% in the last five days, this is a small amount compared to its one month gain of over 394%. While IMPP stock does have value on its own, the majority of its recent momentum comes from two distinct reasons.
On one hand, IMPP has been at the center of discussions as a trending penny stock. This has led its volume to be much greater than its average, as we often see as a symptom of popularity increases. On the other hand, we’re also witnessing this bullish momentum with IMPP stock due to the company’s placement in the energy industry.
In the past month or so, the crisis with Ukraine has led oil prices to reach substantial highs. And because of this, companies in the oil and gas industry have also seen major price increases. While it’s unlikely that the energy industry can sustain these massive gains, it is clear that there is a lot for investors to be excited about. Considering that, will IMPP be on your penny stocks watchlist?
CooTek Inc. (NYSE: CTK)
By midday, shares of CTK stock had shot up by over 45%. This is a substantial gain and one that comes after a six month loss of 75% and more than 89% in the past one year. The most recent news from the company came on March 18th. On the 18th, it announced profitability regarding the successful IP incubation of novel and short films. This is a big step for the company and one that.
It stated that based on the recent content commercialization, it is profitable for the third quarter of 2021. This came in its financial results which were posted on March 15th. If you’re not familiar, CooTek is a mobile entertainment company that offers applications for literature, gaming and more. Because of the need for digital entertainment in the past few years, CTK stock has continued to increase in popularity. Considering all of this, do you think CTK deserves a spot on your penny stocks watchlist?
Which Penny Stocks Are You Buying Right Now?
It can often be tough to know which penny stocks are worth buying. There are so many different penny stocks to choose from, and often, it will be difficult to tell which could be profitable and what time frame they will start to show returns in.
There are a few things that you can do to have the best chance at making money with penny stocks. One of the main ways is to look at the overall market. You will want to look at which stocks are doing well, and then research those stocks in more detail. With all of this in mind, which penny stocks are you watching right now?