3 Trending Penny Stocks to Watch in May 2022
Finding trending penny stocks is a crucial way to make money with small caps. By taking the time to find the most prominent companies, you can greatly improve your chances of making a profit. There are a few methods you can use to find trending penny stocks.
One way is to look at financial news sites and see which stocks are being talked about the most. This can be done both on penny stocks that are in the news, and those that are being mentioned on social media sites like Twitter and Reddit. In the past two years, Reddit and Twitter have become major touchpoints for investors of all types. And as a result, they have become powerful tools for finding penny stocks that are trending.
Another way to find trending penny stocks is to use a stock screener. A stock screener allows you to search for stocks that meet certain criteria. For example, you can screen for stocks that have above average volume. Volume is often a major indicator for whether or not a stock is trending. While this is a realtime indication, it can be useful for trading penny stocks.
If you’re looking for more long-term trends, you can also screen for stocks that have been moving up over a period of time. This could be a few days, or even a few weeks. By finding stocks that are trending, you can get in on the action early and make a profit. With all of this in mind, let’s take a look at three penny stocks to add to your trending small-caps list.
3 Penny Stocks to Add to Your Trending Small-Caps List
- Nextplay Technologies Inc. (NASDAQ: NXTP)
- Ring Energy Inc. (NYSE: REI)
- Revelation Biosciences Inc. (NASDAQ: REVB)
Nextplay Technologies Inc. (NASDAQ: NXTP)
One of the biggest gainers of the day is NXTP stock which shot up by over 13%. The main reason for this comes as the company made an exciting update on April 20th. Today, the company stated that it has acquired the assets and IP for the casual game publisher, goGame. The goal is to integrate its HotPlay in-game advertising tech.
“The key value for us in this acquisition is how the goPlay platform enables gamers to form a community within its ecosystem. We see this providing a ready-made platform to launch our HotPlay IGA technology, with this leading to new revenue streams and expansion of our reach to users in many additional countries around the world.”The co-Chief Executive of Nextplay, Nithinan (Jessie) Boonyawattanapisut
For some context, NextPlay is a tech solutions company that offers a variety of services. This includes in-game advertising, crypto-banking and much more. With this considered, do you think NXTP stock is worth adding to your penny stocks watchlist or not?
Ring Energy Inc. (NYSE: REI)
Ring Energy is another penny stock that managed to shoot up during trading today. At EOD, shares of REI stock shot up by over 11.3%, which is no small feat. To understand whether REI stock is worth buying or not, we have to take a closer look at Ring Energy Inc. and its recent announcements.
On March 16th, Ring Energy announced Q4 2021 and full year results as well as its 2022 guidance. In the announcement, the company stated that it has a 2022 capital budget of $120 million to $140 million. Additionally, it stated that its net income for the full year of 2021 was $3.3 million, with an increased adjusted EBITDA for Q4 of $24 million, which is an increase of 21%.
“We are pleased to report our strong fourth quarter operating and financial results. Contributing to our performance during the period were sales volumes of 9,153 Boe per day, which was 11% higher than the third quarter of 2021.
The combination of increased production, improved commodity prices, and our continued focus on driving cost efficiencies drove more than a 20% increase in adjusted EBITDA during the quarter and approximately $83 million for the full year 2021.”The Chairman and CEO of Ring Energy, Mr. Paul D. McKinney
With this exciting news in mind, will REI be on your penny stocks watchlist?
Revelation Biosciences Inc. (NASDAQ: REVB)
One of the largest gainers of the day is REVB stock, which shot up by over 29% at EOD on April 20th. While there is no news from the company today, it did make an announcement a few weeks ago. On March 30th, the company announced its primary endpoint analysis for the Phase 2B viral challenge study of intranasal REVTx-99a. This is used in the prevention of H3N2 influenza.
“While we are disappointed in the outcome of this study, I would like to thank the study participants, the Revelation team, and the clinical research organization for conducting a well-executed study. We remain committed to the development of our other product candidates including REVTx-99b for management of allergic rhinitis and other underlying conditions; and REVDx-501, our universal at home screening test for respiratory viral infection.”The CEO of Revelation Biosciences, James Rolke
Clearly, this is not the ideal outcome for Revelation, however, it is the reality with biotech stocks. Moving forward, it will be interesting to see how it choose to move its pipeline forward in spite of this.
Which Penny Stocks Are You Buying?
There’s no easy answer to whether or not penny stocks are worth investing in. It depends on a number of factors, including your investment goals and risk tolerance. If you’re looking for long-term growth, penny stocks are not typically the first choice. They can be volatile in the short term, but over time they have the potential to generate income if you have the proper trading strategy on hand.
Also, knowing what is going on in the stock market is critical to success. However, if you’re willing to accept the risks, penny stocks can be a viable option for traders of all types. So, with this in mind, which penny stocks are you buying right now?