Buying Penny Stocks Today? What You Need to Know
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3 Penny Stocks to Add to Your Watchlist Today
When it comes to trading penny stocks, there are a lot of aspects that go into it. You need to have a firm understanding of the market, what penny stocks are worth investing in, and how to make money off of them. However, if you're new to the stock market, all of this can seem daunting.
As a result, there are a few things that investors can understand to help have a better chance of profiting with small caps. This includes knowing how to trade penny stocks, what is going on in the stock market, and what how to take advantage. Recently, we've seen a large amount of volatility in the stock market. This presents a major opportunity to profit with the right tools on your side. With this considered, here's what you missed in the stock market on September 15th, 2022.
What You Missed in the Stock Market During Trading on Sep. 15th
On September 15th, the Dow fell by around 0.5%, hitting its lowest close since July 14th. This comes as we've seen major bearish sentiment following news that the Fed would impart its latest 0.75% point interest rate hike in the near future. And, during after hours, we saw U.S. stock futures fall again, which is not a great sign.
As a result, there is a lot of volatility that investors need to be aware of right now. But, with these large market fluctuations comes the potential to see gains if you have a well-thought-out trading strategy. So, with all of that considered, let's take a look at three penny stocks to add to your watchlist right now.
3 Penny Stocks to Watch Right Now
- Heartbeam Inc. (NASDAQ: BEAT)
- Nabriva Therapeutics Plc. (NASDAQ: NBRV)
- Mullen Automotive Inc. (NASDAQ: MULN)
Heartbeam Inc. (NASDAQ: BEAT)
One of the largest gainers of the day on September 15th was BEAT stock. At EOD, shares of BEAT had shot up by more than 85%, which is no small feat. While we do see large gains with some penny stocks without news, on September 15th, the company made a big announcement.
It stated that its new heart monitoring device has received a patent for detecting heartbeat irregularities. This is a big deal for the company and one that comes with a very large market opportunity. And while it is not yet FDA approved, this is a big update to consider. With that in mind, do you think that BEAT stock is worth adding to your list of penny stocks to watch or not?
Nabriva Therapeutics Plc. (NASDAQ: NBRV)
Another penny stock that climbed substantially on September 15th was NBRV. By EOD, NBRV stock had shot up by a tremendous, 42% to more than $0.27 per share.
Despite a small 4% correction in after hours trading, NBRV has still captured more than 65% in gains in the past five day period. The main news for the company comes as it announced that it would implement a 1-25 reverse stock split of its outstanding ordinary shares on September 16th. Keeping this in mind, does NBRV deserve a spot on your penny stocks watchlist or not?
Mullen Automotive Inc. (NASDAQ: MULN)
Mullen Automotive is a penny stock that we have discussed on numerous occasions in the past few months. And with a 2% gain on September 15th alongside higher than average volume. The most recent news from the company came when it announced the specifics on its FIVE RS EV Sport Crossover.
In the past six months, MULN stock has dropped by more than 65%. Despite this, there is still a large amount of bullish sentiment with EV penny stocks. So, it's important to consider that MULN stock is highly volatile and that some are looking at it for its long term movement. Considering all of that, is MULN stock a buy today or not?
Which Penny Stocks Are on Your Watchlist Right Now?
If you're asking whether or not penny stocks are worth buying, the answer is: it depends. There are a lot of factors to consider before making any investment, and penny stocks are no different. You need to do your research and understand the risks involved before putting any money into penny stocks.
That being said, there can be a lot of upside to penny stocks. They tend to be much cheaper than traditional stocks, so you can get more bang for your buck, so to speak. And because they're not as well known or established as larger companies, they can offer investors a chance to get in on a large amount of movement.
Of course, there are also downsides to penny stocks. They're often more volatile than traditional stocks, so your investment could go up or down very quickly. And because they're not as well known or established, it can be harder to find information about them. So, ultimately, the decision of whether or not to invest in penny stocks comes down to you and your trading strategy.
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