3 Penny Stocks to Add to Your Watchlist With Big Momentum Right Now
Finding the best penny stocks to buy is all about research and due diligence. You need to find a strategy that works for you and stick to it. There are a lot of resources out there for trading penny stocks, but, the most important factor is to understand your own risk tolerance and goals. This will help you find the best penny stocks to buy that fit your trading style.
When looking for penny stocks to trade, always remember to check the most recent financial reports. These are crucial as they allow you to understand a company’s overall health. Also, make sure you are aware of the any upcoming news or announcements that concern the company. Because penny stocks are so speculative, this type of information can move the stock price significantly.
When you are ready to start trading penny stocks, always make sure you have a thorough understanding of what is going on in the stock market. That way, you can be prepared for anything that might happen. Trading penny stocks is a risky proposition, but, if you are careful and do your homework, it can be a very profitable way to make money in the stock market. With that in mind, let’s take a look at three penny stocks to watch as April comes to an end.
3 Penny Stocks to Watch as April Comes to an End
Sono Group NV (NASDAQ: SEV)
Sono Group is one of the largest gainers of the day with over 68% in gains on April 19th. This major move comes with a one month uptick of over 40%, bringing it to over $7.73 per share. At that price, SEV stock is no longer a penny stock. However, it was only a day earlier. And for that reason, it’s worth looking into why shares of SEV stock are moving right now.
The big news for the company came today when it announced its 2021 financial results. In the results, the company announced $17,250 in revenue. While this is not much, we have to look at another announcement made by the company on the same day. In a corporate update, the company announced that between 2021 and 2022, the company increased its Solar B2B partner arrangements from 2 to 17.
“We have achieved major milestones on our growth path. We’re scaling up our Sono Solar business, have delivered several products to B2B customers in the last months, and thus generated first revenues. Our proprietary solar technology is already contributing to climate protection and the reduction of CO2 emissions on Munich public transport and supporting the city’s clean air targets.”The CEO of Sono Group, Laurin Hahn
These are all great achievements for the company and show just how hard SEV stock is working to grow. With that in mind, will it be on your list of penny stocks to buy or not?
DiDi Global Inc. (NYSE: DIDI)
DiDi Global is a penny stock that we have covered numerous times in the past few months. And today, shares of DIDI stock managed to shoot up by more than 2.2% at midday. This comes after a one month drop of over 50%, which is quite disappointing for investors. However, it seems as though many choose to trade DIDI stock rather than invest in it.
Currently, there are a lot of issues on the table for DIDI stock. On one hand, the company is facing a probe from the Japanese government for cybersecurity issues, and on the other hand, the company also may de-list from the NYSE. In its recent financial report, the company posted a 12% drop in Q4 revenue.
On May 23rd, it will host a shareholder meeting which involves a vote on whether or not it will stay on the U.S. exchange. So, while it’s tough to say if DIDI stock is worth buying due to its volatility, it’s clear that it is moving frequently right now. Whether this makes it a worthwhile addition to your penny stocks watchlist or not, is up to you.
Guardforce AI Co. Ltd. (NASDAQ: GFAI)
Another penny stock that we have been covering extensively over the past few months is GFAI stock. Today, shares of GFAI managed to shoot up by more than 4.8% at midday. Since March 7th, shares of GFAI stock have climbed by over 65%.
This is a major gain and shows that there is a sizable amount of bullish sentiment backing Guardforce AI right now. The most recent news from the company came on April 14th. On the 14th, it announced that it regained compliance with the NASDAQ listing requirements. For those unfamiliar, Guardforce is an information security solutions provider. It operates globally and also develops robotic solutions, AI and much more.
With the tech industry booming in the last few years, Guardforce has continued to attract attention. And with over 40 years of experience in the industry, GFAI is no newcomer on the block. So, while GFAI has not had the best performance in the last few months, its recent bullish turnaround shows that there could be some momentum for GFAI to capitalize on. With that considered, is GFAI stock worth buying or not?
Which Penny Stocks Are You Watching Right Now?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. However, because there is so much going on in the stock market right now, there is also a lot that investors need to understand about buying and selling penny stocks in 2022.
The most important factor is to have a well-thought-out trading strategy and always use it to your advantage. This is the best way to ensure that you will have a higher chance of profitability with small caps. So, with all of this in mind, which penny stocks are you watching right now?