Best Penny Stocks to buy under $1 right now? 3 to watch in May

3 stocks under 1 cent to watch in May 2022

Finding the best penny stocks to buy under $1 is all about doing your due diligence and finding the most promising companies with good prospects for future growth. Because penny stocks are so speculative, understanding exactly what is going on in the broader market is essential to making money with penny stocks. Currently, the most important factors affecting the stock market are high inflation, the conflict in Ukraine, earnings releases, etc.

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Now, with the high volatility that penny stocks under $5 bring, those under $1 are even more likely to move. For this reason, it’s important to be more selective when choosing which ones to buy. You can limit your losses by having a well thought out trading strategy and using it regardless of market conditions. On top of that, investing should never be done with emotions. Instead, traders should come up with a plan and always stick to it.

When researching the best penny stocks to buy from a fundamental perspective, consider a company’s financial stability, its management team, general market conditions, and any recent earnings results. Doing your research on the fundamentals is key to avoiding losing money in penny stocks. So while this isn’t a complete list on how to buy penny stocks, this should be enough to get you started. With that in mind, let’s take a look at three sub-$1 stocks to watch right now.

3 Penny Stocks for Your Under $1 Watch List Next Month

  1. Farmmi Inc. (NASDAQ: FAMI)
  2. Veon Ltd. (NASDAQ: VEON)
  3. Calithera Biosciences Inc. (NASDAQ: CALA)

Farmmi Inc. (NASDAQ: FAMI)

With over 3.9% gains at EOD on April 21, Farmmi is a penny stock that many investors are watching right now. Due to today’s big gain and recent big moves in FAMI stock, we’ve covered it plenty of times lately. Despite a decline since the beginning of the year of around 40%, we have seen major shocks during this period due to the big announcements made by Farmmi.

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Most of these announcements relate to the agricultural company signing new export agreements to various countries or building on existing agreements. The most recent news from the company is no different. On April 19, Farmmi announced that it had received a new order for Black Mu Er mushrooms from a Jordanian company.

“We are delighted to continue our relationship with this valued, long-standing customer. It has proven to be a very successful strategy for us to focus on supporting growing customer needs, while converting them into long-term repeat orders. This maximizes our sales investment from a customer acquisition perspective and the positive word of mouth generated from happy customers is invaluable.

Farmmi CEO and President, Ms. Yefang Zhang

Big deals like this are critical to Farmmi’s success. And over the past few weeks, as mentioned earlier, Farmmi has continued to report new orders from its customers. So while this is exciting, investors should continue to understand that FAMI is highly volatile. But, if that’s something you’re interested in, FAMI stocks might be worth adding to your list of penny stocks to buy.

Veon Ltd. (NASDAQ: VEON)

At $0.59, VEON is another sub-$1 stock that is currently on many investors’ radars. With more than 5% gains today, VEON is experiencing a small bullish reversal after its 65% drop since the start of the year. The company’s most recent news came on April 21 when it announced the alignment of its capital structure. It said its two group-level loan agreements with Sherbank and Alfa Bank totaling 90 billion rubles were transferred to PJSC VimpelCom.

“The novation of ruble loans aligns ruble liabilities more closely with ruble income and reduces headquarters’ external debt.”

Neon CFO Serkan Okandan

In addition to this news, VEON also recently received notice that it is not in compliance with the minimum bid requirement for NASDAQ. IT will now have 180 calendar days to return to compliance with the $1 requirement. As a global provider of connectivity services, VEON is a major player in the technology industry. But with its high volatility, it may be worth watching for now.


Calithera Biosciences Inc. (NASDAQ: CALA)

CALA stock is one of the biggest gainers in trading today. By EOD, CALA shares had risen more than 7%, which is no small feat. And like the other penny stocks on this list, this comes after a substantial decline of more than 80% over six months. So why are we seeing CALA shares surge right now? The most recent news from the company came on April 8. On the 8th, he announced new data highlighting the discovery of several lethal synthetic compounds. These compounds could have indications for use in the treatment of solid tumor cancers.

“Synthetic lethality is a promising area of ​​cancer treatment that we believe has the potential to address significant unmet needs in oncology. Our discovery of a new series of VPS4A inhibitors is an important validation of our platform. We are now advancing these inhibitors through lead optimization.

Calithera CEO Susan Molineaux

Currently, the focus is on biotech penny stocks. And this has been the case for several weeks. So whether CALA is worth adding to your penny stocks watchlist or not is up to you.

Penny_Stocks_to_Watch_Calithera (CALA stock chart)

Can Penny Stocks Make Gains in May?

Are penny stocks worth buying in May? It really depends on the penny stocks on your watch list and your investment goals. If you are looking for a quick turnaround, then penny stocks can be a great option.

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Plus, if you’re willing to do your research and hold the stock for the long haul, there are plenty of penny stocks out there for this strategy as well. Remember to exercise caution and not invest more than you are prepared to lose. With penny stocks, the high risk means there is no guarantee of making money. So with all of that in mind, do you think penny stocks can make gains in May?

If you enjoyed this article and want to learn how to trade so that you have the best chance of making a profit consistently, you need to check out this YouTube channel.

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

Midam Ventures, LLC | (305) 306-3854 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

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