3 Under $4 Penny Stocks For Your Early April Watchlist
Is investing in penny stocks worth it or not? The bottom line is that it depends on what your goals are. If you’re just looking to make a quick buck, then penny stocks can be a great option. However, if you’re willing to invest for the long haul then penny stocks can be an okay option, but, this is not the main reason that investors utilize them.
When it comes to finding penny stocks to buy, there are a few things that you need to keep in mind. The first is that you need to be aware of the risks involved. Penny stocks are notoriously volatile, which means that they can go up or down very quickly. This can make it difficult to predict what will happen with them in the future. However, volatility is also a benefit for those who swing trade.
The second thing to keep in mind is that you need to have a plan. You can’t just buy penny stocks and hope that they will go up. You need to have a strategy for when to buy and sell penny stocks and whether that is a short or long term plan. This way, you can minimize your losses and maximize your profits.
Lastly, investors need to have a thorough understanding of what is going on in the stock market and how to use that as an advantage. This means keeping up with the latest news and events, and predicting what the impact of that will be. With all of this in mind, let’s take a look at three penny stocks to watch for under $4 in April 2022.
3 Penny Stocks to Watch Under $4 in April 2022
- Advent Technologies Holdings Inc. (NASDAQ: ADN)
- Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)
- Alset Ehome International Inc. (NASDAQ: AEI)
Advent Technologies Holdings Inc. (NASDAQ: ADN)
One of the biggest gainers of the day on April 6th is ADN stock. By EOD, shares of ADN had shot up by more than 75%, which is no small feat. In the past year, shares of ADN stock have dropped by over 74%, so the recent bull move is a big turnaround.
If you’re not familiar, Advent Technologies offers fuel cell systems for the renewable energy sector. It has headquarters around the world and over 100 patents issued. This is a major deal especially considering the hype around the renewable energy industry right now. The big news from the company came today when it announced a sales and development agreement with Hyundai Motor Company.
“We are excited and proud to join forces with Hyundai, aiming to greatly contribute to their mission and to jointly participate in the pivotal role to transition global society to clean energy, therefore making hydrogen an economically viable energy source.
MEAs form the heart of the fuel cell and they are also a critical component for other electrochemistry applications, such as CO2-free hydrogen production, and, energy storage.”The CTO of Advent, Dr. Emory De Castro
As stated earlier, there is a major emphasis on renewables and the energy industry as a whole. So, with this big news in mind, it’s clear that ADN stock is in focus right now. Whether this makes ADN stock worth adding to your list of penny stocks to buy.
Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP)
Another big gainer of the day and a penny stock that we have discussed numerous times is TNXP stock. At EOD, shares of TNXP stock had shot up by more than 2.4%. This is nothing to write home about however, TNXP stock has climbed by more than 11% in the past month. During that time, we’ve covered it due to news released about the company and its trending nature in the market. The latest news from the company came today when it announced TNX-102 SL as a treatment for long Covid syndrome.
“We are excited to have received the FDA’s IND clearance to begin clinical trials of TNX-102 SL for the treatment of Long COVID. Over 30% of people who recover from COVID-19 continue to experience a constellation of symptoms long past the time that they have recovered from acute COVID-19 illness.
The symptoms of Long COVID, which can include fatigue, multi-site pain, sleep disturbances, fevers, shortness of breath, cognitive impairment, gastrointestinal symptoms, anxiety, and depression, can persist for many months and can range from mild to incapacitating.”Seth Lederman, M.D., the CEO of Tonix Pharmaceutical
For some context, Tonix Pharmaceuticals is a biopharmaceutical company that is working on the development, discovery and acquisition of therapeutics for the treatment of human diseases. This includes its wide pipeline of compounds. So, with all of this in mind, do you think TNXP is worth adding to your penny stocks watchlist?
Alset Ehome International Inc. (NASDAQ: AEI)
With over 17% in gains at midday, AEI is another penny stock that investors are watching right now. To understand why shares are climbing right now, we have to look at what AEI’s latest announcement is. On March 31st, the company reported its FY2021 revenue growth and financial position. In the report, the company posted revenue growth of 21% to around $19.8 million for the full 2021 year.
In addition, the company announced that it held more than double its cash from $25 million in December of 2020 to $56 million this past year. For more information, AEI is a holding company that operates a sustainably focused company with financial services, digital transformation, bio health, and consumer products in its pipeline. While AEI stock is highly volatile, the company does look like it has a lot to offer investors. With that in mind, will AEI be on your buy list this month or not?
Are These Penny Stocks Worth Buying Right Now?
Finding the best penny stocks to buy right now can be complicated. However, because there is so much going on in the market, taking advantage of movement can be much easier than previously imagined. Considering all of this, do you think that buying penny stocks is worth it right now or not?