3 Penny Stocks to Add to Your July Watchlist
Finding penny stocks to buy in 2022 can be a challenge. The stock market has had several big runs since its low in March 2020, but, we have seen a major bearish rally as of late. And because of this, finding the best penny stocks to buy with a chance of profitability is not easy.
To have the best chance of making money in 2022 with penny stocks, there are a few things that investors need to know. For one, always make sure to do your own research before investing in any stock, but especially penny stocks. Penny stocks are highly volatile and tend to be more prone to large price swings.
Second, have a plan and know when to take profits or cut losses. Lastly, always remember that penny stocks are a high-risk investment and you can lose all of your money if you’re not careful. In addition, consider that penny stocks are highly speculative.
Because of that, news and events will have a big effect on the prices of these stocks. Always be sure to monitor the news and pay attention to any breaking news that could impact the stock price. With this in mind, let’s take a look at three penny stocks to watch in July 2022.
3 Penny Stocks to Watch in July 2022
- Evofem Biosciences Inc. (NASDAQ: EVFM)
- RiceBran Technologies (NASDAQ: RIBT)
- Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
Evofem Biosciences Inc. (NASDAQ: EVFM)
One of the larger gainers on June 30th is EVFM stock. At EOD and during after hours, shares of EVFM stock shot up by more than 15% and 1.5% respectively. And if that’s not enough, in the past five days, we’ve seen shares of EVFM explode by over 240%. This is an incredible gain, and one that we have covered numerous times in that period.
The main reason for this gain comes as the Supreme Court overturned Roe V. Wade. As a producer of birth control, Evofem is able to benefit heavily from this, and it could provide a resource for women around the country. On Tuesday, June 28th, the company announced that it entered into an agreement to expand access to its Phexxi birth control drug to one of the largest pharmacy benefit managers in the U.S.
“This new agreement removes existing barriers, allowing women in the U.S. covered by this plan to fill their Phexxi prescriptions immediately. We have already seen a significant increase in the profitability of each Phexxi prescription this year, and we look forward to further prescription growth while providing millions of more women with barrier-free access to Phexxi.”Saundra Pelletier, CEO of Evofem
Considering this big news, will EVFM be on your penny stocks watchlist or not?
RiceBran Technologies (NASDAQ: RIBT)
Another major gainer on June 30th is RIBT stock. At EOD, shares of RIBT had shot up by more than 29% and over 3% in after hours respectively. This sizable gain brings RIBT stock to over $0.69 which adds to its six month gain of over 75%.
So, why are shares of RIBT stock shooting up right now? The most recent news from the company came on June 15th. On June 15th, it announced that it would pursue UFA up cycled certification to help its commitment to sustainable practices. This is a big deal and one that investors are excited about right now.
“Upcycle certification is an important step for RiceBran to gain traction with impact-focused consumers, demonstrating that not only is our stabilized rice bran a healthy, hypoallergenic, non-GMO alternative, but an ingredient that materially reduces food waste. Without our proprietary processes, rice bran would be little more than animal feed, with a significant portion wasted.”Peter Bradley, RiceBran’s Chairman
With this exciting news in mind, do you think that RIBT stock is worth adding to your list of penny stocks to buy this month?
Creative Medical Technology Holdings Inc. (NASDAQ: CELZ)
With over 8% in gains on June 30th, CELZ is another penny stock that is on many investors minds right now. And in the past five days, CELZ stock has climbed by over 15%, which is no small feat. To categorize this gain, we have to look at its most recent updates to investors. Around two weeks ago, the company announced an agreement with Greenstone Biosciences Inc. If you’re not familiar Creative Medical is a company focused on regenerative medicine for areas such as immunotherapy, urology, and much more.
“This is a great collaboration that translates our expertise in iPSC technology to accelerate therapies that improve patient care – fast-tracking bench to bedside.”Dr. Joseph C. Wu, Co-founder of Greenstone Biosciences
Right now, there is a large amount of emphasis on biotech penny stocks. And as a result, CELZ has seen heightened attention. Considering this, will it be on your buy list or not?
Are Penny Stocks Worth Buying Right Now?
When it comes to the stock market, there are a lot of things to consider before buying penny stocks. While penny stocks can be a great way to make money, they can also be a volatile and risky investment.
Before investing in penny stocks, you should do your research and understand the risks involved. Although making money with penny stocks is not easy, it is possible to make a profit if you know what you’re doing. So, if you’re thinking about buying penny stocks, make sure you know what you’re doing. With this in mind, do you think penny stocks are worth buying right now or not?