Have you gotten into penny stock investing? If not, it may be worth to check out. You may not get rich quick, or ever, with penny stocks. However, there’s still a payout with them.
Penny stocks are risky; there’s no other way to put it. They tend to be quite volatile because of low liquidity and poor reporting standards. You can make money off of them; you just need to pick the right stock.
To make your job easier, here are five penny stocks to watch for in April.
Mass Megawatts Wind Power, Inc. (MMMW)
If you’re looking for a stock to get behind, you have a good chance with a company that focuses on alternative energy sources, since more than ever is there a push to switch to renewable and clean energy. Mass Megawatts Wind Power is one of those companies. They have solar panels that follow the sun to get the maximum exposure.
MMMW is a low float stock that can increase exponentially very quickly. It’s a bit of a lottery but could have a significant return.
One Stop Systems, Inc. (OSS)
Going with One Stop Systems, you’re investing in a financially stable company and growing fairly quickly. The company focuses on the design, manufacturing, and marketing of computer systems and components. Many investors are watching this stock as it continues to move quite a bit, with roughly 800,000 shares trading in one day.
BioTime, Inc. (BTX)
Biotime is a company that works on developing cellular therapies. The clinical-stage company focuses on degenerative retinal diseases, working with the body to detect and fight cancer, and therapies for demyelination-related neurological conditions. At the end of the month, the company is set to release an update on their dry age-related macular degeneration research at the Ophthalmology Annual Meeting. The pending news could significantly affect the stock, making it something to watch for over the next couple of weeks.
Arcimoto, Inc. (FUV)
Who would love to use public transportation that emits zero emissions? Well, if you go according to Arcimoto revenue, quite a few people would like this option. With just over three thousand pre-orders backlogged, this stock has caught the attention of many investors and potential shareholders.
Arcimoto’s stock has bounced around the line of being a penny stock to jumping out of penny stock territory (when the price goes above $5 it is no longer considered a penny stock). Many believe that this company is off to an excellent start and its pre-order numbers will only continue to grow.
Energy Focus, Inc. (EFOI)
If you haven’t noticed the trend yet, many companies listed here and that you’ll find elsewhere focus on energy efficient and renewable energy companies. The push towards protecting the climate continues to grow. Those companies that work in that sector, and new ones coming into play, will continue to have many opportunities for their stock to boom.
Energy Focus, which focuses on energy-efficient lights) is another one of those companies. What makes this one different though is that it’s focusing on improving its profits through cost-cutting measures, along with growing their sales and revamping its operating strategy. For investors, when you hear this, it helps gain their trust to pay attention to the company’s stock.
There you have it – our five penny stock picks to watch for in April. This isn’t to say that you’re going to make millions off of these stocks. In fact, they could perform differently than many predict. We know how volatile penny stocks are, so it’s hard to predict how they will perform accurately. However, you have a better chance of succeeding with these stocks.
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