3 Good Penny Stocks to Watch in June 2022
Picking the best penny stocks to buy can be a tricky prospect. But, because there are so many options to choose from, investors can work to find penny stocks that are worth buying. Right now, we have to consider what is going on in the stock market and whether or not we can use that to our advantage.
Right now, the largest impacting factors on penny stocks and blue chips is rising inflation and increasing interest rates. The two of these are working together to cause major bearish upsets in the stock market. However, during trading today, we have seen some sizable bullish sentiment despite less than stellar jobs data.
So, what can we say about the future of penny stocks? Well, what we do know with certainty is that volatility is here to stay. And while we can’t say which industries will be more volatile than others, we do know that price fluctuations are likely to continue in the near future. So, while this may be concerning for some, for others, it could be a positive sign. With this in mind, let’s take a look at three penny stocks to add to your watchlist in June 2022.
3 Penny Stocks to Add to Your June 2022 Watchlist
Zymergen Inc. (NASDAQ: ZY)
One of the bigger gainers of the day on June 2nd is ZY stock. At EOD, ZY managed to shoot up by more than 7.5%. This is a substantial gain for the company and one that adds to a five day uptick of over 44%. So, why are shares of ZY stock climbing right now? Around a week ago, the company announced that it had sold its modular automation system to Octant. This is a major deal and will allow the two companies to create better workflows and much more.
“Octant is a leading therapeutics company focused on developing drugs that match the complexity of human disease. Zymergen is a key partner to help us advance this effort. Zymergen’s automation technology will accelerate our ability to build drugs with novel mechanisms of action guided by massive datasets in engineered human cells.”The CEO and Co-Founder of Octant, Sri Kosuri
If you’re not familiar, Zymergen is a biotech company that works on the design and production of molecules, microbes, and materials for a wide range of markets. This has helped to bring it into the forefront of the biotech industry. So, with these major gains, will it be on your list of penny stocks to watch or not?
Archer Aviation Inc. (NYSE: ACHR)
Another gainer on June 2nd is ACHR stock. At EOD on June 2nd, shares of ACHR stock had shot up by over 12%, which is no small feat. And in the past five days, we’ve seen ACHR stock push up by over 38%. The most recent news from the company came on May 12th. On the 12th, the company announced the completion of several milestones.
“The Archer team remains singularly focused on our vision of getting to commercialization as expeditiously as possible. In Q1 of 2022, we made great progress across a number of the critical milestones that are required for us to achieve our business goals in 2022 and beyond. We are one of the most well-capitalized and positioned eVTOL companies in the world to take advantage of the unique eVTOL market opportunity.”The CEO of Archer Aviation, Adam Goldstein
Archer Aviation is working on sustainable air mobility. The company offers a range of VTOL or vertical takeoff based crafts, and intends on making an impact on the aviation industry. Considering this, will ACHR be on your penny stocks watchlist?
Dare Biosciences Inc. (NASDAQ: DARE)
With over 7% in gains today, Dare Biosciences is another penny stock that investors are watching right now. And, with more than 22% in gains in the past five days, DARE could be worth keeping an eye on. The most recent update from the company came when it presented at a fireside chat at the H.C. Wainwright conference in late May. Since then, we have not seen any updates from the company that are worth mentioning.
However, DARE stock is often mentioned frequently on sites like Reddit and Twitter. And for that reason, it is popular among investors of all types. Recently, we’ve also seen major bullish sentiment surrounding biotech penny stocks and the biotech industry at large. While DARE is quite volatile, it’s recent gains show that it is benefitting from this. So, with all of this in mind, do you think DARE stock is a worthwhile penny stock to buy or not?
Which Penny Stocks Are You Watching Today?
Finding the best penny stocks to buy in 2022 can be tricky. But, with the right combination of research and a trading strategy, it can be much easier than previously imagined. Now, because penny stocks are so volatile, trading is not for the faint of heart.
But, for those willing to take on risk, it can be very profitable. Always make sure to only invest what you are able to lose, as trading penny stocks is never a guarantee. So, with this in mind, which penny stocks are you watching today?