3 Trending Penny Stocks to Watch in April 2022
There are a number of ways to find penny stocks that may be worth buying. One way is to look for penny stocks that are seeing heightened attention. These penny stocks can see major gains in short time frames, however, they are also subject to a high degree of volatility.
Another way to find stocks to buy is to look for companies with strong fundamentals. This means looking for companies with strong balance sheets that could have potential in the future. A final way to find stocks to buy is to look for companies that are undervalued by the market. This could be for a variety of reasons, such as the company being in a transitional period or the market not yet recognizing the potential of the company.
When looking for penny stocks to buy, it is important to do your research and understand exactly what is going on in the stock market. This is the best way to have a heightened chance of making money with penny stocks. Because penny stocks are so speculative, looking at the news is a crucial step for investing.
Looking for stocks to buy can be a daunting task, but if you know where to look and what to look for, it can be a relatively easy process. With all of this in mind, let’s take a look at three trending penny stocks to watch right now.
3 Penny Stocks That Are Trending in April 2022
- Imperial Petroleum Inc. (NASDAQ: IMPP)
- Camber Energy Inc. (NYSE: CEI)
- Sonnet BioTherapeutics Inc. (NASDAQ: SONN)
Imperial Petroleum Inc. (NASDAQ: IMPP)
Imperial Petroleum is a popular penny stock that we have discussed numerous times in the past few months. And with a 14% gain on April 14th, IMPP stock continues to see heightened attention from investors. Now, there are several reasons that IMPP stock has been climbing recently. The main being, the rise of the price of oil in the past few weeks. This is the result of the conflict in Ukraine and the subsequent oil sanctions that were put on Russia.
As a result, companies like IMPP and others have seen business increase substantially during that time. The next reason for IMPP stocks’ recent climb comes as the company is a heavily trending penny stock. This means that it is frequently discussed online, and therefore is subject to high volatility. While this can be a benefit for some, for others, it can be an easy way to lose money quickly. So, with all of this in mind and IMPP stock’s five day gain of over 24%, will it be on your penny stocks watchlist?
Camber Energy Inc. (NYSE: CEI)
Another penny stock that managed to explode on Thursday, April 14th was CEI stock. By EOD, shares of CEI had shot up by more than 5.5%, which gives it a five day gain of over 12%, which is no small feat. Similarly to Imperial Petroleum, Camber Energy is benefitting greatly from the rising increase in interest in energy stocks. In addition, CEI is also a highly popular stock. This means that it is mentioned online substantially in places like Reddit, Twitter and the like.
And while CEI stock is highly volatile, it has also offered great returns for investors that know how to trade it in the last six months or so. While there is no news that is causing CEI stock to move right now, it’s likely the overall bullishness on energy penny stocks that we’ve seen in the last few days. Considering that, do you think CEI stock can continue to climb in the next few days and beyond?
Sonnet BioTherapeutics Inc. (NASDAQ: SONN)
In addition to energy penny stocks being very popular in the last few weeks, we’ve also seen a great amount of interest in biotech stocks. While Sonnet BioTherapeutics is priced at only $0.33 as of Thursday, April 14th, it has seen a lot of popularity from investors.
In mid-March, we witnessed shares of SONN stock shoot up by over 90% in the course of only a few days. And while it has been extremely volatile and mostly bearish since then, many investors have been trading it in the meantime. With penny stocks, we often find that investors want to buy and sell in a short time frame. This is due to the volatility and speculation that stocks under $5 tend to see.
The most recent news from Sonnet came on April 13th. On the 13th, it announced that its first patient was dosed in a Phase 1 clinical trial of SON-1010 for advanced solid tumors. This is great news for the company and investors alike and should continue to play out in the coming weeks. Whether this makes SONN stock worth adding to your list of penny stocks to buy is up to you.
Are These Penny Stocks Worth Buying or Not?
Penny stocks can be a high risk, high reward investment. They can also be very volatile and lead to large losses if one is not careful. However, if you do your research and find solid companies with good prospects, they can be a great way to make money in 2022.
Make sure that you always understand the full risks associated with investing in stocks under $5 so you can use that to your advantage. Considering this, do you think that these penny stocks are worth buying or not?