Investors Are Watching These Penny Stocks in April, Are You?

Finding the best penny stocks to buy can be tricky. And many investors often ask, are penny stocks worth investing in? The short answer is that the stock market has been on a roller coaster ride lately, with prices going up and down day by day. While the past few trading days have been mostly bullish, there are a lot of factors that are impacting the stock market at large. 

When it comes to penny stocks, we see that speculation is typically much greater than with blue chips. This is because stocks that are priced below $5 per share tend to have higher volumes and they often are more swayed by news and events. But this doesn’t mean that penny stocks are bad investments. 

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In fact, many investors look for high volatility as it allows for the opportunity to make large gains in a short time frame. This strategy is known as swing trading, and it is extremely popular for investors to use with under $5 stocks. The key to success with penny stocks, or any stocks for that matter, is to do your research. Make sure you know the company’s financials, and understand how the stock is priced. 

Additionally, it is a best practice to always use limit orders and never trade more than you can afford to lose. While losing money with penny stocks is clearly not ideal, it can happen quickly with no warning. So, considering all of this, let’s take a look at three penny stocks that investors are watching right now. 

3 Penny Stocks That Investors Are Watching Right Now 

  1. Mullen Automotive Inc. (NASDAQ: MULN)
  2. Romeo Power Inc. (NYSE: RMO
  3. Geron Corp. (NASDAQ: GERN

Mullen Automotive (NASDAQ: MULN)

Despite the pullback in the stock market today, not all penny stocks have followed the trend. In fact, many have rallied to highs heading into the end of the month. Mullen Automotive has been one of the most popular penny stocks to watch this month. Shares began March, trading around $1 and have since managed to explode as high as $4.18 in the last 30 days. Why is MULN stock up right now?

Shares of the EV and energy solutions company have been on the move thanks to a series of headlines and support for the retail community. Mullen is developing a portfolio of vehicles ranging from EV crossovers to EV cargo vans. The company recently inked a string of partnerships for further enhancing its production capabilities. This week in an interview at Benzinga’s EV Listmaker Conference, CEO David Michery explained that “a fairly large company will be buying” Mullen’s van vehicles “in the close future.”

This helped promote even more bullishness in the stock market today with MULN shares surging back above the $3 level. What’s more, traders in the options market have also placed bullish bets on the penny stock. Looking at the April 14 expiration Call options chain shows more than 100,000 contracts traded today with a similar amount of open interest at most strike prices. Since these details were revealed at a conference and not from a formal press release, the big question now is will this trend continue?

Mullen recently discussed that it has filed more than 120 patents in 24 countries related to its Mullen FIVE crossover. Meanwhile the Mullen ONE is expected to hit the market next quarter. If MULN stock is on your radar right now, there’s plenty to keep track of heading into April.

Penny_Stocks_to_Watch_Mullen Automotive (MULN Stock Chart)

Romeo Power Inc. (NYSE: RMO) 

Up by more than 11% at EOD on March 30th is RMO stock. This Maor gain is a reflection of news that the company announced only a day prior. And despite a one year drop of more than 80%, it’s clear that we are beginning to see small signs of bullish movement with Romeo Power Inc. So, why are shares climbing right now? 

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Yesterday, the company announced the shipment of a first production pedigree pack product to its key customer. It stated that this pedigree pack will go toward a customer that is currently in production of heavy-duty fully electric commercial vehicles. And, this is a major deal for the company as it shows the success of its off-the-shelf battery modules. 

“Romeo has just achieved a major milestone, not only for ourselves, but for zero-emissions commercial transportation as a whole. Our energy-dense batteries now power fully electric heavy-duty vehicles that are expected to travel up to 350 miles on a single charge. It’s thrilling to see our battery technology enable this important step in electrification.”

The CEO of Romeo Power, Susan Brennan

With this exciting news in mind, will RMO be on your penny stocks watchlist or not?

Penny_Stocks_to_Watch_Romeo Power (RMO Stock Chart)

Geron Corp. (NASDAQ: GERN) 

With over 25% in gains on March 30th, GERN is another penny stock that is on many investors watchlists right now. And in the past five days shares of GERN have climbed by more than 32%. The biggest recent news from the company came on March 30th when it announced the pricing of its underwritten public offering.

This offering, which consists of around 53.33 million shares of common stock and pre-funded warrants to purchase around 18.095 million shares of common stock, should bring in roughly $75 million after expenses. 

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It states that these proceeds will fund regulatory filings in the U.S. and the E.U. for its imetelstat product candidate. Because procedures like this are so costly, it’s clear that Geron needs proper funding in order to succeed. And while this offering did not bode well initially, only a few days after the drop, we are once again seeing bullish movement with GERN stock. With that in mind, will GERN be on your list of penny stocks to watch in April?

Penny_Stocks_to_Watch_Geron

Are Penny Stocks on Your Watchlist Right Now?

Finding the best penny stocks to buy is all about understanding where to look. While it can be challenging given the amount of factors impacting the stock market right now, it is much easier once we get a thorough understanding of how the market is moving. Considering this, do you have penny stocks on your watchlist right now or not?

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  • The Beginner’s Handbook For Trading Penny Stocks
  • Penny Stock Alerts And Ideas
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Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | news@pennystocks.com

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