3 Penny Stocks That You Should Know About in May
With 2022 proving to be an incredibly volatile year for penny stocks and blue chips, there is a lot for investors to keep track of. Right now, the main impacting factors on the stock market include rising interest rates, increasing inflation, and geopolitical tensions worldwide. These have all created a very tense stock market situation, and one that is ripe for penny stocks traders to take advantage.
While we can’t predict what the stock market will look like next week or even in a few days, one thing is clear: the best way to make smart stock market decisions is by doing your research and staying up-to-date on current trends. Because penny stocks are so volatile, understanding what is going on with the news and how to make money with that is crucial.
The stock market is a complex and ever-changing system, so it’s important to be as informed as possible when making investment decisions. In addition to all of this, it is crucial to never trade with emotions. Always have a plan and never let greed or fear dictate your decisions. In the past few years, speculation has been much higher than in previous years.
But with stock markets rising and falling unpredictably, it is more important than ever to be thoughtful and strategic in your stock market investing. Whether you’re a seasoned trader or just getting started, make sure that you are always learning and staying aware of the latest stock market trends. With that in mind, let’s take a look at three penny stocks to add to your penny stocks watchlist.
3 Penny Stocks to Add to Your May 2022 Watchlist
- Camber Energy Inc. (NYSE: CEI)
- Borqs Technologies Inc. (NASDAQ: BRQS)
- Castor Maritime Inc. (NASDAQ: CTRM)
Camber Energy Inc. (NYSE: CEI)
Camber Energy is a popular penny stock that many investors have been watching over the past few years. And in that time, it has risen in fame to become a trending meme stock. With a one year gain of over 16%, Camber Energy has seen some less-than-stellar performance over the past few months. One of the major issues with Camber Energy that has come up recently is a potential delisting from the NYSE American.
This comes as shares of Camber Energy have dropped below the listing standards. Now, it has until May 20th to regain compliance or else it may be delisted. Because of this, CEI has had some troubling trading patterns over the past few weeks. With a $303 million market cap, Camber Energy meets several of the criteria for listing on the NYSE American. So, if you’re interested in CEI, you should be very comfortable with high volatility. If not, it may be worth just keeping it on your penny stocks watchlist for now.
Borqs Technologies Inc. (NASDAQ: BRQS)
Borqs Technologies is a penny stock that investors are watching right now despite a 7% drop on Friday, May 6th. And in the past five days, shares of BRQS have fallen by around 40%, which makes it a tough penny stock to consider buying. But, to understand it in further detail, we can get a closer look at what the company is doing right now. The biggest recent news from the company came as it announced its revenue improved 10.5% for the full 2021 year over 2020. This is a big deal for the company and justifies some of its recent bullish momentum.
Additionally, it announced a net loss of $56 million due to expenses for non-cash charges regarding convertible debt notes. Although this is disheartening, the company is working hard to continue growing right now. If you’re not familiar, Borqs is a provider of software and products for the IoT market. This includes Android-based smart connected devices as well as other IoT solutions focused products. With all of this in mind, do you think BRQS stock is worth adding to your list of penny stocks to buy or not?
Castor Maritime Inc. (NASDAQ: CTRM)
Another mover during trading recently is CTRM stock. In the past five days, shares of CTRM stock have climbed by around 2.6%. And, in the past month, shares of CTRM stock have pushed up by over 13%. If you’re not familiar with Castor Maritime, it is a provider of shipping transportation services. This is done via its fleet of 29 vessels which together have an aggregate capacity of 2.5 million dwt.
The fleet that the company has includes 1 Capsize vessel, 7 Kamsarmax, 12 Panamax dry tankers and several other Handysize tankers. Recently, the international shipping industry has seen major attention. This is due to the shortage of goods worldwide and the need to transport more items. And, with Castor Maritime being one of the largest, it is definitely a penny stock to watch. With that considered, do you think it is worth buying right now or not?
Can Penny Stocks Climb This Month?
With so much going on in the stock market right now, there is a lot for investors to consider about investing.
And, because there are so many penny stocks to choose from, investors need to be picky and understand exactly what their investing strategy is and how to take advantage. With all of this considered, which penny stocks are you watching this month?