Best Penny Stocks to Buy in April 2022? 3 to Watch Next Month

 

"Which penny stocks should I buy in April 2022?"

When it comes to penny stocks and whether or not they are a good investment, there is no simple answer. Several factors influence it, including the current state of the market, your financial goals, and your risk tolerance. However, over time, penny stocks can be a good way to diversify your portfolio. While they are riskier than blue-chip stocks, they also have a higher potential return.

Penny stocks canbe a good option for you if you are okaywith taking a little more risk. To begin, do your homework and find the best penny stocks to invest in. You have man

y options at your disposal. However, because penny stocks are so speculative and reactive, staying up to date on the news is always the best way to stay ahead of the game.

Do just put all of your eggs in just one basket when you come across a penny stock that kindles your interest. Instead, start small to ensure that you fully understand your investment strategy. It entails being aware of your entry and exit prices, as well as the indicators that will appear along the way.

 When the stock performs considerably well, you can always increase your position. However, if it fails to perform as expected, you can exit without incurring significant losses. Because penny stocks, as previously stated, are extremely volatile, investors should only invest what they can afford to lose. Today's top gainers, such as Alzamend Neuro Inc. (NASDAQ: ALZN) and Meten Holding Group Ltd. (NASDAQ: METX), could be doing well. However, this is not always the case. Keeping this in mind, here are three penny stocks to add to your April 2022 watchlist.

3 Penny Stocks to Buy in April 2022

·         American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)

·         TDH Holdings Inc. (NASDAQ: PETZ)

·         New Oriental Education & Tech Group (NYSE: EDU)

Given their current upward trend, these could be the best penny stocks to buy right now!

American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)

So far, AVCT stock has been one of the day's biggest gainers. AVCT's stock had risen more than 15% by midday to more than $1.16 per share. It is a significant increase, following a 60% increase in the previous five days. So, what is causing the current rise in AVCT stock prices?

The big news for American Virtual Cloud came a few days where the company announced that its Kandy Communications division would be speaking at the "Enterprise Connect 2022 Conference & Expo: Let's Re-connect!" event. Only a few days ago, the company announced the completion of its Computer Technology Solutions divestiture to Calian Group Ltd. It isamazing news for the company, and it should help it grow quickly. As a result of this, as well as recent technological developments, it is clear that AVCT is a company to keep an eye on. It is up to you to determine whether it is worthwhile to add it to your penny stock watchlist.

TDH Holdings Inc. (NASDAQ: PETZ)

PETZ stock is another penny stock that we've discussed previously. PETZ stock is now worth more than $0.42 per share, a gain of more than 5.5 percent from yesterday. It is a significant increase on top of the previous five-day gain of 23%. Despite a more than 90 percent drop year to date, we are beginning to see some bullish sentiment return to PETZ stock.

JX Luxventure Ltd. (NASDAQ: LLL), which jumped more than 200 percent by midday, can be credited with some of today's momentum. This company signed a $60 million sales agreement with Chongqing E-Pet. TDH Holdings is also making a lot of noise as a result of this transaction due to its position in the pet industry. Even though PETZ stock has been extremely volatile in recent months, there is a small bullish case to be made for it. So, now that you know this, will it be on your list of penny stocks to keep an eye on?

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