Are you looking for some hot penny stocks to buy this week? You’re not alone ,and believe it or not, the recent volatility in the stock market has brought about a risk-on approach to cspecificgroups of stocks & industries in the market. Cheap stocks under $5 are one of these groupings ,and today we’re looking at some of the lowest-priced ones trading for less than $3 right now.

Are Penny Stocks Worth It?

While penny stocks may be considered a high-risk investment, there are certainly some reasons to consider them if yyou wantto make money. For starters, penny stocks tend to be much less expensive than other stocks, which means that you can buy more of them for your investment dollar. This can potentially lead to a higher return on investment if the penny stocks you’ve chosen rise in value.

Additionally, penny stocks tend to be much more volatile than other stocks, which means they can offer the opportunity for gmore significantgains in a shorter pperiod Of course, it’s important to remember that penny stocks also come with a greater risk of loss, so do your research and only invest what you’re comfortable losing. However, for investors willing to take on a bit of extra risk, penny stocks can certainly be worth considering.

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Penny Stocks To Watch Under $3

The definition of the term “penny stocks” includes stocks under $5. While the low price is anherently volatile, the lower your go, the more elevated it becomes. On today’s list of penny stocks, we’re even going to discuss companies with shares trading below $1, yes, literal penny stocks.

  • Transocean Limited (NYSE: RIG)
  • Assertio Holdings (NASDAQ: ASRT)
  • Aethlon Medical Inc. (NASDAQ: AEMD)
  • Helix Energy Solutions (NYSE: HLX)
penny stocks to buy 3 dollars

Transocean Limited (NYSE: RIG)

One of the things we watch at PennyStocks.com are signs of sentiment. SOne way to do that isto look at things other than news headlines. Company filings, industry reports, and even unusual options activity are a few oays to do that. In the case of Transocean, there was some unusual activity in the January 2023 Call contracts in the stock market today. More than 15,000 contracts had traded compared to roughly 7,700 at the time of this article. The $3.50 strike was the strike in question experiencing the action.

Does this mean RIG stock is a buy? While the final answer is up to you, we can look at a few developments from the company. Transocean is an offshoot contract drilling services company for oil and gas wells. It has ownership interests in and operates a fleet of 37 mobile offshore drilling units, including 27 ultra-deepwater floaters. With the way energy prices have been going, energy stocks, including oil and gas penny stocks, are on the menu for day traders and swing traders alike.

best penny stocks to buy Transocean Limited RIG stock chart

Assertio Holdings (NASDAQ: ASRT)

Shares of Assertio have been asserting their bullishness in the stock market since early May. The specialty pharmaceutical company hasn’t released much press ,but of the latest updates, Assertio has gained attention for its commercial pipeline of anti-inflammatory treatments.

Since eearningsseason is in full swing, it might seem fitting that ASRT stock has ggainedmomentum. That’s because its last results helped spur this recent uptrend. In its ffirst-quarterresults, the company reported an increase of 37% in its net product sales. Adjusted EBITDA was also up considerably at 52% compared to the prior year’s quarter. What management said, however, is something that could be on the radar as Q2 results are pending.

Dan Peisert, President and Chief Executive Officer of Assertio ,said, “Due to the strength of our results to date and the confidence we have in the outlook of our business, we are raising the full year non-GAAP adjusted EBITDA guidance. We remain committed to our business development goal, which now, after the completion of Otrexup, is to add an additional $40 million of gross profit by 2024. By doing so, we should be able to continue to build upon the momentum we’ve been gathering since our restructuring and continue to grow our business.”

With that, ASRT stock could be on the speculation watch list for some heading into the rest of the summer.

best penny stocks to buy Assertio Holdings ASRT stock chart

Aethlon Medical Inc. (NASDAQ: AEMD)

Monkeypox stocks are red hot, and today we discuss several that have surged. What was the catalyst? The WHO declared the monkeypox spread a Global Health Emergency. Dr. Tedros Adhanom Ghebreyesus, the W.H.O.’s director general, overruled a panel of advisers. The board couldn’t reach a consensus, and Ghebreyesus declared a “public health emergency of international concern.”

Every trader was hunting for companies with exposure to a potential treatment platform. The low-hanging fruit centered around smallpox drug development companies. Aethlon’s pipeline includes treatments targeting different organ-threatening diseases. For example, its Hemopurifier has been studied as an active platform to fight future COVID-19 variants that can impact the efficacy of certain vaccines. Earlier this month, the platform received approval from the FDA for a protocol amendment in a trial using it for therapeutic blood filtration for patients with ssevereCOVID-19.

Where monkeypox comes into the equation is preclinical data from Hemopurifier studies. Aethlon has stated that these studies “have validated the broad-spectrum capture of numerous viral threats. These include:Chikungunya, Dengue and West Nile virus, aandVaccinia and Monkey pox, which serve as models for human Smallpox infection.”

With that, AEMD stock could be on the watch list as long as Monkeypox mania continues captivating headlines.

best penny stocks to buy Aethlon Medical Inc. AEMD stock chart

Helix Energy Solutions (NYSE: HLX)

It’s no secret that energy stocks are heating up thanks to supply-chain disruptions and reopening demand. Helix provides offshore energy services focusing on well intervention and robotics operations.

This week the company reported second-quarter results that seem to have impressed the market. Some of the highlights include a much lower net loss per share. Owen Kratz, President and Chief Executive Officer of Helix, commented on the company’s progress and outlook ahead in a post-market press release on Monday.

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“Our second quarter 2022 results improved sequentially as expected…We believe that we have positioned the company for a much stronger second half of 2022 and beyond. The prospects for the offshore market are starting to reflect improved activity in line with current commodity prices and outlook. With significant uncertainty behind us, we have now issued full-year guidance. All markets we serve are showing signs of recovery, which should result in improved results and outlook, aligning with our efforts to position Helix as a preeminent offshore Energy Transition company.”

With strong earnings and an optimistic outlook, HLX stock seems to have gained late-day momentum that could be something to look out for.

best penny stocks to buy Helix Energy Solutions HLX stock chart

Finding Penny Stocks For Your Watch List

Penny stocks are not for the faint of heart. They’re speculative, high-risk investments that have the potential to make you a lot of money, but that doesn’t come without risk. For someone uneducated about trading high volatility, they’re also just as likely to lose you everything you put into them.

If you’re thinking about investing in penny stocks, you need to understand the risks involved. If you research and only invest what you can afford to lose, penny stocks can be a great way to grow your portfolio. The question now: are any of these on your list of penny stocks to watch this week?


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