3 Penny Stocks to Watch in July 2022
While investing in penny stocks can be challenging, it can be a great way to make money in the stock market. Because they are so volatile, investors need to be careful when choosing the best penny stocks to buy. And, if done correctly, penny stocks can be a great way to make money. But, before investing in penny stocks whether they be popular or not, investors need to understand the risks.
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For added context, penny stocks are stocks that trade for less than $5 per share. While many are used to finding them on the OTC market, there are hundreds to choose from on large exchanges such as the NASDAQ or NYSE. But, always be sure that you know exactly what you’re looking for and what the company does. This is the best way to ensure that you have a heightened chance of profitability.
Penny stocks can be a great way to make money, but they are also very risky. So, if you’re thinking about investing in penny stocks, be sure to do your research and only invest what you can afford to lose. right now, we also have a very high level of volatility across the board. For that reason, it is more pertinent than ever to understand what is going on in the stock market. Considering this, here are three penny stocks to add to your July watchlist.
3 Penny Stocks For Your July 2022 Watchlist
- Boxed Inc. (NYSE: BOXD)
- Verastem Inc. (NASDAQ: VSTM)
- Ibio Inc. (NYSE: IBIO)
Boxed Inc. (NYSE: BOXD)
One of the largest gainers on June 24th is BOXD stock. During trading and after hours, shares of BOXD stock managed to shoot up by over 29% and 9% respectively. These major gains come alongside a five-day uptick of over 68%. So, why are shares of BOXD stock climbing so much right now? Well, it is difficult to say, however, in its recently reported Q1 2022 results, the company posted strong results.
“We are reporting strong results to start 2022, with growth re-accelerating and a host of exciting developments underway across both our Retail and Software & Services segments.
B2B demand continued to strengthen in the quarter as offices re-open across America. Also, in this inflationary environment, we are proud to deliver bulk-sized cost-savings and convenience to our end-customers who may be struggling during this time.”
The CEO of Boxed, Chieh Huang
While it is tough to say why shares are climbing right now, it is clear that investors are interested in the company. With that in mind, will it be on your list of penny stocks to buy?
Verastem Inc. (NASDAQ: VSTM)
Another decent gainer on Friday, June 24th was VSTM stock. At EOD, shares of VSTM had shot up by more than 1% and 3% in after hours. And, in the past five day period, we’ve seen VSTM stock climb by over 20%, which is no small feat. To understand why VSTM stock is gaining and whether or not it is worth buying, we have to take a closer look at the company’s recent announcements.
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The most recent update from Verastem came on June 7th when it announced an interim analysis on its RAMP 201 program for low-grade serous ovarian cancer. It stated that it plans to complete enrollment in all four trial cohorts by the second half of this year. And, the company announced that it would offer a full program update in the second quarter of this year. So, while it is tough to say why shares of VSTM stock are gaining right now, there’s no doubting that it could be worth adding to your penny stocks watchlist.
Ibio Inc. (NYSE: IBIO)
With over 4% in after hours gains, IBIO is another penny stock that investors are watching right now. In the past five day and one month periods, shares of IBIO stock have shot up by over 15% and 30% respectively. Now, it is tough to say why IBIO stock is climbing aside from overall bullish sentiment with biotech stocks as of late.
But, it’s most recent announcement came on May 18th, when it announced its participation in the H.C. Wainwright Global Investors Conference. Since then, not much has come out of the company in terms of news. For some context, Ibio is a developer of biopharmaceuticals such as its FastPharming system. Some of its projects are for vertical farming hydroponics and more. So, while it is impossible to say why shares of IBIO stock are climbing right now, it could be worth a watch.
Can Penny Stocks Continue to Climb in July?
Finding penny stocks that could climb in July is not easy. But, with the right information on hand, it can be much easier than previously imagined. Right now, we have to consider exactly what is going on in the stock market in order to make an educated decision.
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And, at the top of the list, we have rising inflation, and subsequent rises in interest rates. So, while it may seem difficult to keep up with all of this, we do know that we expect volatility to continue. And, that means that investors need to stay on their toes moving forward. With all of this in mind, do you think that penny stocks can continue to climb in July or not?
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