Are These Penny Stocks on Your Watchlist Right Now?
If you’re looking for penny stocks that are worth buying, there are hundreds to choose from. As a result of the sheer number of penny stocks out there, it can be daunting to try to find stocks that are worth investing in. However, with a little research, you can find stocks that have the potential to generate significant returns.
When it comes to penny stocks, there are a few key things to look for before making an investment. First, you want to make sure that the company is legitimate and has a good financial structure. This will help to ensure that the company is able to continue operating and growing. Second, you want to look for companies with strong fundamentals.
This means that the company has a solid business model and is generating consistent revenue. Finally, you want to look for stocks that have a sizable amount of news. Because penny stocks are so speculative, news has a major effect on their price. If a company has a lot of positive news, it can cause the stock to skyrocket. However, if there is negative news, it can cause the stock to plummet.
When it comes to finding stocks that are worth buying, penny stocks can be a great option. However, you need to do your research and make sure that you know your trading strategy and how to take advantage of shifting market conditions.
3 Penny Stocks to Watch in Mid-June 2022
- Clever Leaves Holdings Inc. (NASDAQ: CLVR)
- Kaspien Holdings Inc. (NASDAQ: KSPN)
- Gaotu Techedu Inc. (NYSE: GOTU)
Clever Leaves Holdings Inc. (NASDAQ: CLVR)
One of the largest gainers of the day on July 14th was CLVR stock. On July 14th, shares of CLVR managed to explode by more than 36% before dropping around 5% in after-hours. After a six month drop of over 40%, this recent gain is a welcomed advancement for investors. The biggest recent news came on Monday, July 11th. On July 11th, the company announced an expansion of its German presence through a partnership with Cantourage.
“This partnership expansion provides us the opportunity to continue fulfilling Clever Leaves’ commitment to patients around the world seeking high-quality, safe and efficacious medicinal cannabis solutions. We are excited to launch additional high quality products in Germany under the IQANNA brand.”The CEO of Clever Leaves, Andres Fajardo
All of this is very exciting for investors and the company alike. And as a result, CLVR could be worth adding to your list of penny stocks to watch.
Kaspien Holdings Inc. (NASDAQ: KSPN)
Another gainer on July 14th was KSPN stock. At EOD, shares of KSPN stock managed to shoot up by over 10%. In the past five day period, we’ve seen over 122% in gains with KSPN stock, which is no small feat. And due to this gain, we have to take a closer look at the company and why it is climbing.
The most recent news from the company came on July 14th when it announced an $8 million registered direct offering. With this, it should be able to raise plenty of capital to continue engaging in its current business operations and moving forward with new ones.
For some context, Kaspien is a e-commerce accelerator that works in AI. It offers its services to major brands such as Amazon, Walmart, Target. All of this has helped to bring in increased popularity to the company in the past few weeks. So, with all of this in mind, do you think KSPN is a worthwhile add to your penny stocks watchlist or not?
Gaotu Techedu Inc. (NYSE: GOTU)
Another decent gainer on July 14th was GOTU stock. With over 6% in gains during trading and another 2.6% in gains during after hours, GOTU is worth taking a closer look at. Although GOTU has seen some major losses in the past year or so, the company has begin to bounce back, albeit, slowly. The most recent news from the company came on June 5th when it announced its Q1 2022 unaudited financial results.
“In the first quarter of 2022, our businesses continued to maintain a healthy and sustainable development, and we have remained profitable for two consecutive quarters since we began our business restructuring. Going forward, we will continue to develop and invest in our four core businesses, which are professional education for college students and adults, vocational education, STEAM education, and digital educational products.”The Chairman and CEO of GOTU, Larry Xiangdong Chen
Considering this exciting news, will GOTU be on your buy list this coming week?
Which Penny Stocks Are You Watching Right Now?
With so many penny stocks to choose from, investors need to be fully aware of the stocks that they are buying.
This means searching through the news and considering what events may impact your portfolio. And, with so much going on in the stock market, it can be difficult to make money with penny stocks. Keeping all of this in mind, which penny stocks are you watching right now?