3 Meme Penny Stocks That Are Trending in April 2022
Today, meme penny stocks are seeing a major rise in bullish sentiment. While it’s unclear why this is the case, we do see it often. Some big gainers like Bitnile Holdings Inc. (NYSE: NILE) and RLX Technology Inc. (NYSE: RLX) are seeing sizable interest from investors, however, there are plenty more to choose from.
When it comes to trending penny stocks, investors need to understand their own tolerance for risk first and foremost. If you’re looking for incredibly stable penny stocks to buy, meme stocks may be worth avoiding. However, if you’re looking to make short term gains with very speculative stocks, meme penny stocks could be worth looking into.
Now, because penny stocks on their own are incredibly speculative, knowing what the latest news and events is, is crucial to making money with penny stocks in 2022. While it can be complicated to stay up to the minute with industry news, utilizing social media sites like Reddit and Twitter alongside more traditional investing tools, can be a great way to start. With this in mind, let’s take a look at three trending meme penny stocks to add to your watchlist right now.
3 Trending Meme Penny Stocks to Add to Your Watchlist Right Now
- Creatd Inc. (NASDAQ: CRTD)
- Camber Energy Inc. (NYSE: CEI)
- Hycroft Mining Holding Corp. (NASDAQ: HYMC)
Creatd Inc. (NASDAQ: CRTD)
One of the largest gainers of the day on April 13th is CRTD stock. At midday, shares of CRTD stock had shot up by over 54%, which is no small feat. This also comes after a six month drop of over 40%, which shows that there is some bullish sentiment surrounding CRTD stock right now.
So, to understand why CRTD is seeing this price movement, let’s take a closer look at some recent news from the company. The biggest recent announcement from Creatd Inc. came on April 6th. On the 6th, the company announced its full year 2021 financial results alongside record revenue. The company stated that it expects $8-10 million in GAAP Revenue alongside $15-18 million in non-GAAP revenue for the full 2022 year.
“We accomplished a great deal during 2021, including establishing a foundation of recurring subscription revenues originating from both Vocal and our direct-to-consumer e-commerce businesses, as well as securing contract renewals with numerous key brand clients.
The steady growth of Vocal’s creator base combined with the continued expansion of WHE’s influencer roster has allowed Creatd to extend its global digital reach to over 175 million today.”The CEO of CRTD, Laurie Weisberg
This record revenue amount is a big update for the company and one that illustrates why Creatd is so popular right now. Considering its meme stock-ish rise today, will CRTD be on your penny stocks watchlist?
Camber Energy Inc. (NYSE: CEI)
Another penny stock that is seeing major gains right now and one that we’ve covered multiple times in the past few months is CEI stock. CEI is a common meme stock and has been since over the course of the past year or so.
Today, shares of CEI saw over 16% in gains at midday. And despite some less-than-stellar performance over the last year, it’s clear that CEI is in focus right now. To understand Camber Energy, we have to take a look at why investors are interested in it in the first place. For one, Camber’s subsidiary Viking Energy offers investors a great way to invest in the clean energy revolution.
Although the price of oil has dropped, affecting Camber’s price recently, it has also highlighted the need for renewables. Keep in mind that Camber Energy is highly volatile, and has remained that way for quite some time. So, if you’re interested in trading CEI rather than investing, it could be worth keeping on your list of penny stocks to watch. However, if you are interested in investing in it, you may want to keep a close eye on its current and future moves.
Hycroft Mining Holding Corp. (NASDAQ: HYMC)
HYMC stock is another meme penny stock that investors have been watching over the last two months or so. From March 7th until today, shares of HYMC stock have shot up by over 568%.
This is a staggering gain that includes an 8.25% gain during trading today. Hycroft Mining is an interesting mining company with potential in that industry, however, the main reason that HYMC stock has been moving is due to its placement as a meme stock. The most recent news from the company came a few days ago. On April 11th, the company announced new board appointments, including a new Chair of its Board of Directors, and more.
“On behalf of the Board, we are extremely pleased that Steve has assumed the role of Chair to lead the Board through this next chapter in our development. Additionally, our new partnership with AMC continues to grow with the addition of another strong board member as their representative, Mr. Sean Goodman.”Diane Garrett, the President and CEO of Hycroft Mining
This is great news for the company and something that could change its direction moving into the future. Whether this makes HYMC stock worth buying or not however, remains up to you.
Which Penny Stocks Are You Buying Right Now
If you’re looking to buy meme penny stocks, there are plenty of options to choose from. However, when a stock is trending, it often will see major rises and falls in value. This can be a big positive, but it can also be a great way to lose your entire investment.
So, make sure that you understand exactly what your trading strategy is and how to use that as an advantage. With so much going on in the stock market, it is crucial to have a full understanding of the latest news and events. And, this is especially true in relation to meme stocks. Considering that, which penny stocks are you buying right now?