Check These 3 Penny Stocks Out For Your Watchlist Right Now
When it comes to finding the best penny stocks to buy in 2022, there are a few things you need to look for. While there is plenty of money to be made with penny stocks, investors need to be aware of the risks involved. Typically, this includes heightened volatility, low liquidity, and a higher chance of speculation.
With that being said, if investors are willing to put in the time and research, penny stocks can offer a great opportunity to make some quick profits. To find the best penny stocks to buy in 2022, you need to look for companies with solid fundamentals and a positive outlook.
While penny stocks are often more volatile than their blue chip counterparts, if you find a company with good prospects, the upside potential can be large. And as mentioned earlier, penny stocks are highly speculative. This means that they are likely to be swayed by news and rumors. As such, it’s important to pay close attention to the news and make sure you understand what is going on with a company before investing.
Penny stocks can be a great way to make money, but only if you know what you’re doing. If you’re not careful, you could end up losing everything you invest. So, do your research and consider everything above. With this in mind, here are three penny stocks to add to your watchlist right now.
3 Penny Stocks to Add to Your Watchlist Right Now
Fast Radius Inc. (NASDAQ: FSRD)
At EOD, shares of FSRD stock had shot up by a staggering 40%. This sizable uptick gives it a five day gain of more than 100%. With this major movement, it’s clear that there is a large amount of bullish sentiment with FSRD stock right now. And to understand why, we have to take a closer look at the company.
Now, there is no company-specific news that is driving today’s gain. However, we do see that its volume is more than 1000% over its daily average. For that reason, it’s clear that Fast Radius is trending right now. For some context, Fast Radius is a manufacturing and digital supply chain company. Recently, the company did appoint Pat McCusker as its President and Interim CFO as well as John Nanry as its new COO.
“Pat and John are steadfast in their commitment to Fast Radius. They have evolved with our company, taking on new responsibilities with great stewardship, and dedicated to driving impact for our business, our customers, and our shareholders.”The CEO and Co-Founder of Fast Radius, Lou Rassey
This is all great news for the company and shows that it is working hard to grow. With this in mind, will it be on your list of penny stocks to buy or not?
Cyngn Inc. (NASDAQ: CYN)
One of the larger gainers on July 1st is CYN stock. At EOD, shares of CYN stock shot up by over 12%. This comes after shares of Cyngn stock have fallen by over 17% in the past month. And for that reason, today’s uptick is significant and worth considering for your watchlist. To understand whether or not CYN stock is a buy, we have to take a closer look at any recent announcements from it.
Aside from presenting on June 7th at the LD Micro Invitational, the company has not made many announcements. But, as an autonomous vehicle tech company, it is working on several budding markets right now. Recently, we’ve seen a large amount of attention being paid to tech penny stocks. And because of that, CYN could be worth a watch. With this considered, do you think it is worth adding to your penny stocks watchlist or not?
Ecmoho Ltd. (NASDAQ: MOHO)
With over 8% in gains at EOD, MOHO is another penny stock that is capturing investor attention right now. In the past few months, we’ve covered Ecmoho numerous times due to its consistent movement. And despite a six month drop of over 55%, it looks like shares of MOHO stock are seeing some bullish sentiment right now.
The most recent news from the company came a few months ago when it announced the approval to transfer to the NASDAQ Capital market. Since then, the company has worked to build its digital marketing strategy and continue to grow. As a provider of solutions for the health and wellness space, MOHO’s revenue is heavily dependent on its marketing efforts. With all of this in mind, does MOHO deserve a spot on your buy list this month?
Which Penny Stocks Are Worth Buying Right Now?
At the end of the day, buying and selling penny stocks is not easy. But, done correctly, it can be an extremely profitable way to make money in the stock market. If you’re new to penny stocks, it all comes down to putting in the time to research stocks.
Once this stage is done, you can start making trades and utilizing your strategy. Of course, like any investment, there is always risk involved. But, if you’re smart about it and do your research, penny stocks can be a great way to make money. With that in mind, which penny stocks are you watching right now?