3 Popular Penny Stocks to Add to Your Watchlist This Month
If you’re thinking about buying penny stocks, there are a few things you should know before diving in. Penny stocks are notoriously volatile investments, so it’s important to do your research and understand the risks before buying.
This is something that comes with the under $5 price point of penny stocks and the sheer amount of news that is put out in the industry. So, when it comes to investing in penny stocks, be sure to have a firm understanding of what you’re buying, and don’t be afraid to ask questions. Penny stocks can be a great way to make money, but they can also be a quick way to lose it.
Because of that, having a penny stocks trading strategy, and sticking to it, is critical. There are a number of different ways to trade penny stocks, so find one that best suits your investing style and risk tolerance. And remember, always do your own research before buying penny stocks. This is the best way to protect yourself from making a bad investment.
In addition, investors need to know that news and events will have a major effect on how penny stocks trade. This is a crucial step and one that should not be oversold. So, be sure to read up on the company you’re thinking about investing in and pay attention to the news. Doing your homework before buying penny stocks will help you avoid making a costly mistake. With this in mind, let’s take a look at these three penny stocks to watch right now.
Are These Popular Penny Stocks on Your Watchlist?
- AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC)
- Kintara Therapeutics Inc. (NASDAQ: KTRA)
- Vinco Ventures Inc. (NASDAQ: BBIG)
AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC)
Today, shares of ANPC stock shot up by over 13% at EOD. In the past five days, shares of ANPC stock have climbed by around 8.6% and in the past month by more than 19%. Despite a six month drop of over 80%, we have begun to see bullish moves with ANPC stock in the past few trading days. So, why are shares of ANPC stock climbing right now? Well, the most recent news came today as the company announced a new investor and it had signed into an investment agreement worth $15 million.
“This long term equity investment is significant and important to the growth of our company. It also shows investors’ confidence in the prospects of our company and its leading-edge technology. We have a very strong innovation track record, significant intellectual property, including over 260 filed patent applications and 150 issued patents, the world’s largest cancer detection data base and sample size.”Dr. Ai-Dong Chen, the CEO of AnPac Bio
This is great news for the company and is the main reason that shares are climbing right now. While ANPC stock is highly volatile as evidenced by its recent moves, the company does have a lot going for it. Considering this exciting news, will ANPC be on your penny stocks watchlist?
Kintara Therapeutics Inc. (NASDAQ: KTRA)
One of the largest gainers of the day on April 11th is KTRA stock. At EOD, shares of KTRA managed to explode by more than 35%. This gives it a one month gain of over 60%, which is no small feat. Similarly to ANPC, in the past six months, shares of KTRA stock have fallen by over 48%, with its recent moves posing a bullish turnaround.
The most recent news from the company came on April 11th when it announced the presentation of data at the 2022 American Association for Cancer Annual Meeting. This presentation is regarding its VAL-083 compound.
“These results are extremely important. We thought that since there were numerous structural similarities between VAL-083 and glucose that perhaps a specialized glucose transporter could explain the favorable brain concentration demonstrated clinically for VAL-083. This suggests that the clinical pharmacokinetics of VAL-083 would result in less inter- and intra-patient variability in CNS penetration and, therefore, greater precision of drug dosing to the brain.”The CSO of Kintara, Dennis Brown, Ph.D.
In the biotech industry, updates like these are crucial for understanding the trajectory of a company. While it is hard to tell what the long term effect of this will be, it’s exciting news nonetheless. Considering that, does KTRA deserve a spot on your penny stocks watchlist?
Vinco Ventures Inc. (NASDAQ: BBIG)
Another penny stock that investors are watching right now is BBIG stock. By EOD on April 11th, BBIG had shot up by more than 2%. While this may not be much, in the past month, shares of BBIG have exploded by more than 38%. This is a big gain and one that reflects the bullishness surrounding Vinco Ventures right now. In the past few months however, BBIG has had a tough time.
With major volatility in the stock market and for Vinco itself, shares of BBIG have been all over the place. One of the reasons for the move with BBIG comes as it is a meme stock. This means that it is frequently discussed online and is often trending as a result. While this can be a positive for swing traders, for others, it can be a reason to avoid it. So, know exactly what you’re looking for and if BBIG fits into that profile. With that in mind, will BBIG be on your list of penny stocks to buy?
Which Penny Stocks Are You Watching Right Now?
Are penny stocks worth buying right now? That is a tough question and one that entirely depends on your investing style and commitment to understanding how to trade.
[Read More] Best Penny Stocks Today? 4 To Buy For Under $1
In the past few months, finding the best penny stocks to buy has been challenging given the sheer amount of news affecting the stock market. But, by knowing what is going on and how to take advantage, it can be much easier than previously imagined. With that in mind, which penny stocks are you watching?