3 Trending Penny Stocks to Watch As March Comes to an End
Over the past few weeks, we’ve seen the effect of trending news on penny stocks, have major pull on how the market is moving. And as a result, there are plenty of penny stocks that are trending right now, that could be worth buying. When it comes to finding trending penny stocks to buy, there are hundreds to choose from. More recently, some prime examples of this include TMC The Metals Company Inc. (NASDAQ: TMC) and Zosano Pharma Corp. (NASDAQ: ZSAN) among others.
Now, if you’re looking to find trending penny stocks, some of the most prominent places include Twitter and Reddit. These are social media sites where investors come together to discuss if certain penny stocks have news, whether they’re worth watching, and everything in between.
[Read More] Top Penny Stocks To Buy Now? 5 For Your April 2022 Watch List
In addition to understanding this, investors should know that trending penny stocks are some of the most volatile stocks out there. This means that they are likely to fluctuate frequently and by large amounts. Of course, we also have to consider news and events, but, penny stocks can move without news. With all of this in mind, let’s take a look at three penny stocks to add to your small caps watchlist right now.
3 Penny Stocks to Add to Your Trending Small-Caps Watchlist
- Mullen Automotive Inc. (NASDAQ: MULN)
- Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
- IZEA Worldwide Inc. (NASDAQ: IZEA)
Mullen Automotive Inc. (NASDAQ: MULN)
By midday, shares of MULN stock had shot up by over 1.6%. This brings its five day and one month gains to over 10% and more than 80% respectively. And since February 25th, shares of MULN stock have exploded by more than 340%. This is a staggering gain and reflects why we have covered Mullen Automotive extensively during that time.
While Mullen does have a lot to offer on its own, the main reason for its upticks are the result of social media speculation. As an electric vehicle penny stock, Mullen still has several years before its main prototype is available to the public. And because of that, we see that the bullish movement is simply the result of hype surrounding the company. Now, this is not uncommon with blue chips or penny stocks.
For that reason, many investors choose to trade MULN stock rather than invest in it. While no one is doubting the bright future of the EV industry, it is hard to justify a triple digit gain for MULN stock in such a short time frame. For that reason, it could be worth adding MULN to your penny stocks watchlist, but make sure to keep a close eye on it moving forward.
Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
Another penny stock that we have covered numerous times in the past few weeks is Creative Medical Technology Holdings. Similarly to MULN, CELZ movement is the result of social media speculation. And today, shares of CELZ stock managed to explode by another 24% at midday. This brings its five day and one month gains to over 30% and more than 130% respectively.
[Read More] How To Make Money In A Recession When There’s An Inverted Yield Curve
While we do see a lot of speculation with CELZ stock, it did make an exciting announcement during trading today. The company stated that it has signed into a collaboration agreement with the University of Miami to develop IMMCelz. This is a supercharged autologous immunotherapy platform as it state.
“This valuable partnership with the University of Miami accelerates the development of our ImmCelz platform. Under the leadership of Drs. Camillo Ricordi and Giacomo Lanzoni at the cGMP Advanced Human Cell and Biologics Manufacturing Facility of the Cell Transplant Center at the Diabetes Research Institute, University of Miami Miller School of Medicine, we will continue to optimize the platform and generate data required to advance our therapies through clinical trials.”
The CEO of Creative Medical Technology, Timothy Warbington
This exciting news does show that CELZ is working hard to continue growing right now. Whether this makes it worth adding to your list of penny stocks to watch or not is up to you.
IZEA Worldwide Inc. (NASDAQ: IZEA)
With over 16% in gains at midday, IZEA is a penny stock that is trending right now. In the past five day and one month periods, shares of IZEA stock have shot up by more than 23% and 55% respectively. The big news for IZEA comes as the company reported record quarterly revenue only a day ago.
For the fourth quarter of 2021, the company brought in an all-time record revenue amount of $10.3 million. This is an increase of 62%, which is quite substantial. In addition to this, the company increased its managed services revenue by 69% with an adjusted EBITDA increase to $0.5 million. All of these numbers are very exciting for the company and investors alike. And as a result, it makes sense that we would see gains like we did today for IZEA. Considering this, do you think IZEA stock is worth buying or not?
Can Trending Penny Stocks Be Profitable?
Trending penny stocks can be tremendously profitable if caught early, and if you have a proper trading strategy. However, without a strategy, it can be just as, if not easier to lose money with trending penny stocks than to make gains. So always keep that in mind, and know what your tolerance for risk is.
[Read More] Best Penny Stocks to Buy Now? Here’s 3 to Watch in April 2022
If you’re more risk averse, penny stocks that are trending could be worth avoiding. However, if you are swing trading, and looking for penny stocks that will move frequently, those that are trending could be worth keeping an eye on. Considering all of this, do you think that trending penny stocks are going to be profitable moving forward or not?
If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!
