Are These Popular Penny Stocks on Your Buy List Right Now?
While finding popular penny stocks to buy may seem challenging, there are a few key ways to identify penny stocks that have the potential to be big winners. Starting out, it is always best to identify your trading strategy. This will help you know how to find penny stocks that fit your trading style. While it may seem difficult at first, knowing what your risk tolerance is and how to use that as an advantage, will help you in the long run.
Right now, we have numerous factors that are all contributing to the highly speculative and volatile investing environment. And because of this, it is more pertinent than ever to know how to find penny stocks that have the potential to make you big profits. If you’re looking for popular penny stocks to buy, there are plenty of aspects to keep in mind.
For one, popular penny stocks tend to be extremely volatile. This is due to the low prices per share, and the amount of news circulating about them. However, this volatility can also lead to big losses if you’re not careful. So, keeping all of this in mind, let’s take a look at three popular penny stocks to add to your watchlist right now.
3 Popular Penny Stocks For Your Watchlist
TDH Holdings Inc. (NASDAQ: PETZ)
During trading and into after hours, shares of PETZ stock shot up by an explosive 54% and more than 15% respectively. These are major gains that bring it to over $3.41 per share. And with a six month drop of over 95%, these upticks are a welcomed advancements for investors and the company alike.
So, why are shares of PETZ stock climbing right now? Well, to understand this, we have to take a closer look at the company and its recent announcements. Around two weeks ago, the company announced a 1-20 reverse stock split. The goal of this was to regain compliance with the NASDAQ minimum big listing requirement.
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Since then, the company has managed to climb over $1 per share, which means it is no longer at risk of being de-listed. Despite this, PETZ stock still carries a very sizable amount of volatility. And for that reason, risk averse investors may want to avoid it. However, if you are looking for volatile penny stocks, PETZ could be worth adding to your penny stocks watchlist.
Avaya Holdings Corp. (NYSE: AVYA)
With over 9.5% in gains during trading and more than 2.9% in gains during after hours, many investors are watching AVYA stock right now. Despite a six month drop of over 80%, shares of AVYA stock have climbed by over 15% in the last month. This is exciting news and shows that there is some bullish momentum for AVYA right now. On June 21st, the company announced that it would showcase contact center solutions for customers.
“Today’s customer knows what they want, exactly when and how they want it, and has high expectations for each interaction with a brand. Giving them what they want, however, will take brands moving to a total and effortless experience across applications, devices and interactions.
This type of experience is only possible when cloud capabilities, AI and automation are mixed into every customer touchpoint and digital channel, and this is what Avaya OneCloud CCaaS provides.”Paul Lang, Head of Contact Center Solutions Marketing, Avaya
This is an exciting update for the company and one that investors should consider. Whether this makes it a buy or not, is up to you.
Regis Corp. (NYSE: RGS)
On June 23rd, RGS stock managed to shoot up by over 6.5% with a 3% gain in after hours. In the past five days, RGS stock has exploded by more than 75%, which is no small feat. The most recent news from the company came on June 14th when it announced that it received a continued listing notice from the NYSE. It stated that it has to have a minimum of $1 per share for 30 consecutive trading days.
If you’re not familiar, Regis is a leader in the beauty salon industry and owns concepts like Supercuts, SmartStyle, Cost Cutters, and more. As a result of the pandemic slowing down in severity, the company has seen greatly improved numbers for its business. Although it is highly volatile, its recent upticks are exciting. Considering that, will it be on your list of penny stocks to buy or not?
Are Penny Stocks Worth Buying or Not?
Whether or not penny stocks are worth it is up to you. To understand whether or not it is worth it, investors need to consider exactly what is going on in the world and how to take advantage. The main factors at play in the stock market right now include rising inflation and climbing interest rates.
All of this has made investing in penny stocks and blue chips very difficult. But, amidst this high volatility is also the potential to make money with the large swings. So, considering this, do you think penny stocks are worth buying right now or not?