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Best Penny Stocks to Buy in 2022? 3 to Watch in Late April

Why these penny stocks could be worth watching as April ends

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3 Penny Stocks to Add to Your Late-April Watchlist 

If you’re looking for penny stocks to buy in April, there are a few things to keep in mind. First of all, it’s important to remember that the stock market is constantly changing, so what may be a good investment today might not be a good investment tomorrow. This means that you need to be prepared to do your research and make decisions based on your penny stocks trading strategy. 

One of the best ways to find penny stocks to buy right now is to look for companies that are relevant in the news or have upcoming announcements. For example, if a company announces a new product or service, we are likely to see large price swings in either direction. If you do your research and find a company that you believe is undervalued, this can be an opportunity to buy low and sell high. 

[Read More] 3 Penny Stocks to Watch With Above Average Volume Today 

Keep in mind that penny stocks are extremely volatile and are likely to move up or down based on what is occurring in the news. This means that it’s important to have a solid trading strategy in place before you make any investments. This strategy should be used with every trade and you should never use emotions. 

It’s also important to remember that you should only invest what you can afford to lose. Penny stocks are a high-risk investment and there is always the potential for loss. With that said, here are a few penny stocks to add to your watchlist in April.

3 Penny Stocks to Watch in Late-April 2022

  1. Frequency Therapeutics Inc. (NASDAQ: FREQ
  2. China Liberal Education Holdings Ltd. (NASDAQ: CLEU
  3. Enservco Corp. (NYSE: ENSV)

Frequency Therapeutics Inc. (NASDAQ: FREQ) 

One of the bigger gainers of the day so far is FREQ stock. At EOD on April 18th, shares of FREQ stock managed to explode by over 30%. This is a major gain and comes after a six month drop of over 70%.

[Read More] Small-Cap Energy Stocks, Penny Stocks Surge On Monday, Here’s Why

The most recent news from Frequency Therapeutics came last month when it announced a business update and fourth quarter 2021 results. It stated that it has steady enrollment in its FX-322-208 Phase 2b Study in individuals with hearing loss. 

“The year ahead has numerous milestones for Frequency and our lead program FX-322, as we plan to complete enrollment and work toward a readout of our FX-322-208 Phase 2b study of individuals with sudden and noise-induced sensorineural hearing loss (SNHL).

The design of the study is based on key insights from having built what we believe to be the largest clinical data set in the hearing restoration space, enabling us to hone-in on the severities and etiologies…”

David L. Lucchino, the CEO of Frequency Therapeutics

In terms of the financials, the company posted no revenue for the three months ended on December 31st. However, it did end the year with over $142 million in cash on hand. With all of this in mind, will FREQ be on your penny stocks watchlist?

China Liberal Education Holdings Ltd. (NASDAQ: CLEU) 

With over 20% in gains at EOD on April 18th, CLEU is another penny stock that investors are watching right now. And in the past month, shares of CLEU have shot up by over 29%, which is quite substantial. If you’re not familiar, China Liberal Education is as its name suggests, a Chinese education company. The big news came today when it announced its limited financial results for fiscal year 2021. 

“In fiscal year 2021, the COVID-19 pandemic and related travel restrictions negatively impacted our operations and business expansion. Particularly, many Chinese universities and colleges held off on their ‘smart campus’ project plans due to the uncertainties associated with the COVID-19 pandemic. As a result, our revenue decreased by 22.2% year-over-year to $3.91 million from $5.02 million last fiscal year.” 

The CEO and Chairperson of China Liberal, Ms. Ngai Ngai Lam

In the report, the company announced a revenue decrease of 22% YoY to $3.9 million. However, its gross margin increased from 57% to 70%. Additionally, CLEU announced a basic and diluted loss per share of $0.12. With all of that considered, does CLEU deserve a spot on your list of penny stocks to buy or not?

Enservco Corp. (NYSE: ENSV)

During the trading day on April 18th, we saw shares of many energy stocks explode. This includes ENSV, which shot up by over 38% at EOD. If that seems like a lot, in the past five days, shares of ENSV stock have climbed up by more than 75%. To understand why, we have to take a look at both ENSV stock, and the energy industry as a whole. The big news for Enservco right now came as it announced a delay in filing its Form 10-K. This will allow it time to account for its utilization of deferred tax liabilities. 

“We are eager to report our full fourth quarter results from 2021 because they will show improvements year over year. Our first quarter of 2022 is also expected to show improved results, which will give the Company four consecutive quarters of year-over-year revenue growth. We believe the outlook for the oil and gas industry is favorable, and we remain excited about our prospects going forward.”

Rich Murphy, the Executive Chairman of Enservco

For some context, Enservco is a provider of oilfield services. This includes hot oiling, acidifying, frac water heating, and much more. With the recent rise in the price of oil, it’s clear that ENSV stock is heavily in focus. With that in mind, will it be on your watchlist this week?

Which Penny Stocks Are You Buying Right Now?

Finding the best penny stocks to buy can be challenging. Fortunately, there are some tried and true strategies you can use to find penny stocks with the potential to make big gains. 

[Read More] Best Penny Stocks Today? 4 To Buy For Under $1 According To Reddit

The main idea to keep in mind is to understand exactly what is going on in the market and what your trading strategy is. Because there is so much going on in the stock market right now, there is plenty for investors to take advantage of. With this in mind, which penny stocks are you buying right now?

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By J. Phillip

I stay on the cutting edge of industry and enjoy finding out about new companies that major outlets and funds haven't heard of (yet). Most of the time you can find me deep in the corporate filings, focusing on fundamentals that could be behind the next big move in certain stock.

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