3 Top Penny Stocks to Add to Your Watchlist Right Now
When it comes to buying penny stocks, knowing what is going on in the stock market is crucial. This means having a thorough understanding of the latest market news and events. While there are a number of ways to get this information, one of the most important is to read the stock market news daily.
This will help you understand what penny stocks are worth buying and when to buy them. When it comes to deciding whether or not penny stocks are worth buying right now, it is important to look at the overall market conditions. Considering that, here’s what you need to know about trading penny stocks right now.
What to Know About Trading Penny Stocks Right Now?
There’s no sure answer to whether penny stocks are worth buying right now. It depends on a number of factors, including your investment goals and the current state of the market. However, there are some things you can consider that may help you make a decision.
First, take a look at your investment goals. Are you looking to invest for the long term, or are you more interested in making a quick profit? If you’re investing for the long term, then you may be more willing to take on some risk in order to potentially make a higher return. On the other hand, if you’re only looking to make a quick profit, then you want to make sure that your risk is carefully calculated.
Next, take a look at the current state of the market. Are there any particular sectors or industries that are doing well right now? If so, then penny stocks in those sectors may be worth considering. Alternatively, if the overall market is looking fairly uncertain, then you may want to tread carefully with penny stocks. With this in mind, let’s take a look at three penny stocks to add to your watchlist today.
3 Penny Stocks to Add to Your Watchlist Today
LAVA Therapeutics (NASDAQ: LVTX)
One of the largest gainers of the day on Monday, September 26th was LVTX stock. At EOD, shares of LVTX stock had shot up by a staggering 97% to more than $4.74. This brings it almost out of penny stocks territory, which is encouraging for investors. The main news for the company comes as it announced an agreement with Seagen for the latter to license its LAVA-1223 drug.
With this, the company could see up to $700 million over the length of the deal. While it is tough to say what the long term outlook on this will be, we do know that this is encouraging news. Considering all of that, do you think LVTX is worth adding to your list of penny stocks to buy or not?
Aditxt Inc. (NASDAQ: ADTX)
Another big gainer on September 26th was ADTX stock. By EOD, ADTX had climbed by more than 14%. While this may not seem substantial, in the past five day period, shares of ADTX have fallen by around 25%. For this reason, we see that this recent bullish momentum is a welcomed sign for traders.
So, is there any reason that ADTX stock is climbing right now? The most recent news from the company came when it announced the closing of a $20 million public offering a week or so ago. Since then, not much news has come out of the company. While this alone doesn’t make it worth buying, as a whole, ADTX could be a worthwhile addition to your penny stocks watchlist today.
Inpixon (NASDAQ: INPX)
At EOD on Monday, INPX finished up by over 20% higher. Despite a 77% loss YTD, we have seen many periods of large volatility with INPX stock. The most recent news from the company came when it announced a definitive merger agreement with KINS Technology Group Inc. This is a SPAC that will structure the deal as a business combination.
At the end of the deal, shares of KINS will be worth roughly $69 million, which is a major plus for the company and investors alike. Now, it’s important to keep a close eye on this deal if you’re interested in buying INPX. With this in mind, do you think it is a buy today or not?
Which Penny Stocks Are You Watching Right Now?
The verdict is up to you on whether penny stocks are worth buying right now or not. Some experts believe that the current market conditions are ripe for investment, while others believe that the risks outweigh the potential rewards.
Ultimately, it’s up to each individual investor to make their own decision about whether or not to invest in stocks right now. However, if you do decide to find penny stocks to buy, it all comes down to knowing where to look and what is going on in the stock market. While it can be difficult, with the right information on hand, it is much easier than previously considered. With that in mind, which penny stocks are you watching right now?