3 Hot Penny Stocks to Add to Your End of March Watchlist 

If you’re wondering what penny stocks to watch this month, you’re not alone. Many investors are looking for the best penny stocks to buy in order to make a high-quality watchlist with a solid chance of profitability. There are a few things you should keep in mind when trying to find the best stocks to buy. 

First, consider the overall market conditions. Is the stock market trending up or down? This will give you a good idea of which penny stocks are worth watching. Second, look at the company’s financials. Are they in good shape? Do they have a strong history of moving in an upward trend? This will help you determine if the company is worth investing in or even taking a closer look at. 

[Read More] Penny Stocks To Buy Now? 4 Short Squeeze Stocks To Watch This Week

Third, monitor the news. Is there any recent news about the company that could impact their stock prices? This is important to consider, as stocks can often react strongly to news announcements. And, when it comes to penny stocks, they tend to be highly reactive.

This means that they will often move up or down in value based on market news and updates. Some prime examples of this today include Clarus Therapeutics Holdings Inc. (NASDAQ: CRXT)  and CooTek Inc. (NYSE: CTK) which both pushed up significantly during trading. 

Lastly, always do your own research. Don’t just take someone else’s word for it. Make sure to read the company’s filings and understand all the risks involved before investing in either penny stocks or blue chips. With that in mind, here are three penny stocks to add to your watchlist as March comes to an end. 

3 Penny Stocks to Watch With April Around the Corner 

  1. Neurosense Therapeutics Ltd. (NASDAQ: NRSN
  2. Camber Energy Inc. (NYSE: CEI
  3. Cenntro Electric Group Ltd. (NASDAQ: CENN

Neurosense Therapeutics Ltd. (NASDAQ: NRSN) 

One of, if not the largest gainer of the day is NRSN stock. By midday, shares of NRSN had shot up by a staggering 318%. This is a major gain that took NRSN stock from around 42 per share to well over $6 per share. While we do see gains occur without news, there is one big reason behind NRSN stock’s move today. During premarket, Neurosense announced that it received FDA clearance for the IND of its PrimeC treatment for ALS. PrimeC is a combination therapy for use in potentially treating ALS via several key mechanisms. 

“Data from our Phase IIa clinical study confirmed that PrimeC is a novel therapy with the potential to help people with ALS and address a $3 billion market in need of a more effective treatment.

As we prepare to initiate our Phase IIb study in the next few months, the goal of our pharmacokinetic study under FDA IND is to generate additional data on the bioavailability of PrimeC as it relates to food intake in healthy individuals.”

The CEO of Neurosense, Alon Ben-Noon

If you’re not familiar, Neurosense Therapeutics is a clinical stage biotech company working on the development of treatments for patients suffering from a variety of ailments. This includes debilitating neurodegenerative disorders such as ALS, Alzheimer’s, Parkinson’s and more. And, with this FDA clearance, it’s clear that the company has a lot to offer investors right now. Considering all of this, will NRSN stock be on your list of penny stocks to buy?

Penny_Stocks_to_Watch_Neurosense

Camber Energy Inc. (NYSE: CEI) 

Another big daily gainer is CEI stock. By EOD, shares of CEI had shot up by over 11.9% to more than $0.93 per share. And, in the past five days, we’ve seen CEI stock climb by more than 18%, with 100% in gains in the last month, which is no small feat. 

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While CEI does have a lot to offer investors, it is also a meme stock that is a favorite among retail traders. Because of this, shares have been climbing substantially in the past few weeks. Now, in addition to its placement as a favorite among retail traders, there is a major emphasis on the energy industry right now. 

This is the result of the crisis going on in Ukraine and the effects it has had on the global distribution of oil and gas. If you’ve traded stocks in the past few weeks, you’ve likely seen the substantial rise in oil and gas prices. While CEI stock can and will most likely be highly volatile, it is also an interesting penny stock to keep an eye on. With that considered, is it going to be on your penny stocks watchlist?

Penny_Stocks_to_Watch_Camber

Cenntro Electric Group Ltd. (NASDAQ: CENN) 

By midday, shares of CENN stock had shot up by a respectable 33%. And in the past five days, that number jumps up to more than 95%. As an company working slightly in the energy industry, we could be seeing this gain for the same reason we are seeing CEI stock rise. 

And that is, an overall bullishness on the energy industry right now. Now, Cenntro is not an energy stock in the traditional sense as it is a provider of EV technology. This includes market-validated electric commercial vehicles, and a goal of producing autonomous vehicles as well. 

With production and delivery of more than 3,600 commercial EVs to date, Cenntro Electric is working hard to grow as quickly as possible. The most recent news came on March 7th when it announced the acquisition of majority interest in Tropos Motors Europe. Since then however, CENN stock’s movement can be attributed to the bullishness on the EV market. So, whether this makes CENN stock worth buying or not is up to you. 

Penny_Stocks_to_Watch_Cenntro

Are Penny Stocks Worth Buying as March Ends?

Are penny stocks worth investing in? That’s a question that investors continue to ask themselves, and the answer is not always clear. Both blue chips and penny stocks can be highly volatile, and the stock market is often unpredictable. 

[Read More] How to Invest in Penny Stocks in 2022, 3 Strategies to Use 

However, there are some stocks that have shown consistent growth over time, and may be worth investing in. But, knowing exactly where to find them and how to know if they are worth it, is where research and a trading strategy comes in. Considering all of this, do you think that penny stocks are worth investing in or not?

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