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10 most profitable penny stocks in 2022 that will make you rich
Finding the right penny stock to invest in is one of the most challenging things to do. Most people find it challenging to find the one stock that will guarantee you benefit in the future, but we help you. We will discuss some of the best penny stocks you can buy in 2022.
What is a penny stock?
Most people don’t know what penny stock is, so what is a penny stock? A penny stock is the expected share of small public companies that trade for less than one dollar per share. Penny stocks were used to be defined as any stocks traded for less than one dollar. Still, the securities and the exchange commission of the United States has changed the definition to “All shares trading in less than five dollars are penny stocks.
By the end of this article, you will be familiar with 10 penny stocks to buy. These stocks have a high potential for the coming year. You can invest in them to get the maximum benefit out of them. These stocks can be held for either the short term or the long term.
Reasons to buy penny stocks?
There are many significant reasons you should invest in penny stocks, and some of them are discussed below.
One of the best advantages of trading penny stocks is that they are straightforward to enter. You do not need a degree or some particular skill, which makes them attractive for everyone. All you need to get started is your laptop, an internet connection and a simple brokerage account.
No need for a big account.
This is another one of the most significant advantages. Since all the penny stocks start at a low price, they are accessible to all the traders with small accounts. There is no need for a big bank account. You do not need a lot of money to start trading penny stocks.
Huge risk but big reward
There is a massive risk while trading the penny stocks, but at the same time, there is also a big reward if the stock goes up. Some people call them highly volatile stocks, but some safe ones to invest in. ed.
The best thing about buying penny stocks is that massive profits can be earned by investing in them. Many penny stocks in history started very small. However, they grew with time, and we believe that some penny stocks in the market can grow up.
Ten best penny stocks
We are sharing some best penny stocks that you should buy. We also tried our best to minimize the risk and maximize the profit ratio. We will also discuss whether you should buy these stocks for the long or short term. Here is the list of 10 penny stocks below
It is an American company headquartered in Grapevine, Texas, and is one of the biggest video game retailers worldwide. The company is a consumer electronics, gaming merchandise retailer and video game. This penny stock could be the best opportunity for someone thinking about investing in it.
The stock was trading at $4.14 when the pandemic started, and it grew so much during the pandemic that it is now trading at $181.12 in the stock market. The stock has a very high potential to grow in the future also, and there is also a big yes from the analyst side that we should invest in them.
Six analysts gave it a 4-star rating this month. The forecast says that the stock will hit $273.7 in 12 months.
The company is a bitcoin mining company supporting the blockchain through expanding industrial-scale mining. It is an American company which is based in the United States. This is another good stock to consider investing in right now. The company stocks are trading at $20.48 right now. It went through little ups and downs in the pandemic, but there is a huge possibility that the store will grow in the next twelve months.
Most analysts expect a positive upside of 59.5% from the stock’s current price, and the price is expected to be $47.25 in the next twelve months. Most people may think that should we consider investing in this stock, the answer is yes because there is a vast potential to grow.
It is a pharmaceutical company, and the company grows and produces a range of cannabis strains and sells a variety of cannabis derivative products. It is an American company that serves customers in Canada. This penny stock is the best buy right now. The stock is currently trading at $0.58 right now. There are excellent reviews from the analyst side about this penny stock. The stock didn’t perform as well as expected in 2021 and went through some ups and downs.
The company believes that its stock price will range from $4 to $10 in the next 12 months, and This suggests a possible upside of 296.2% from the stock’s current price. If you are interested in buying the best penny stock, then sundial growers are the right choice to go for right now.
Allied Energy Inc.
The company is San Diego’s premier solar + battery storage installer, and from 2005 the company had a dedicated contribution towards providing clean energy. It is an American company, and their project is located across the US, including in taxes and Washington. The stock is now trading at $0.27 and has enormous potential to grow in the stock market.
Based on the forecast, there is a long term increase expected in this stock with just five years of investment. The revenue is expected to be around +133.56%, and with just an investment of 100 dollars for just five years, your investment may grow up to maybe up to $233.56.If you are thinking to
It is a clinical-stage biotechnology company that focuses on the research and development of mitochondria-based therapeutics, an emerging drug class for chronic disease.
The company is now trading at $0.41, and there is a strong belief from the analyst side that the stock will grow shortly.
Ces energy solutions
The company provides very diversified commercial services and speciality chemical production, transportation and laboratory services. The company serves in Canada and the United States. The company has an asset-light model and helps it generate significant free cash flow. The energy stock has been red hot and is a solid stock.
The company stock is now trading at $1.68. The stock price is already up by about 100% since the last year. Most people think there is currently no space to grow for the company, but most analysts think there might be an upside of more than 90% in the coming year. If you are thinking about buying this, then you should buy it. It has a very high potential for the future.
Electra Meccanica Vehicles Corp
It is a development stage company which manufactures and plans angle person electric vehicles. The company is providing clean energy, electric cars and technology. Most people believe that the company vision for the single-seat vehicle will capture the imagination of the buyers.
As we can see, most companies are taking the step into making electric vehicles. Electra Meccanica Vehicles have taken one step further in the electric vehicle’s world. There is a belief that the stock price will increase shortly.
The company is now trading at about $2.23 and was trading at $1.23 when the pandemic started. The company believes that stock prices will increase up to 65% shortly. If you are thinking of buying this stock, you should buy it, and this stock has a very high potential for the future.
The company designs, manufactures, and produces metal and synthetic implants for the global costume base. The company implants are used in various surgical procedures, including spine sports and trauma.
Surgalign is a recovery stock. Millions of people were out of their medical procedures during the pandemic, and the company went through some downs. However, there is still a belief that this stock will be a big bang shortly.
The stock was trading at approximately $4 when the pandemic started. Now, the stock is trading at about less than a dollar. Still, the stock has a high potential for the future to grow.
The company provides innovative debit and prepaid cards that deliver secure and user-friendly incentive access. The market for the blood plasma product is worth more than $20 billion per year. It is expected to grow very significantly in the coming year.
Most analysts believe that the price will increase in the coming years, and there is expected to be a growth of more than 100% in the future. The stock is now trading at $1.94 and has a vast potential to grow in the future.
This is another stock that has shown outstanding stock in the last few years. The company went through some ups and downs in the past, but there is a very good review from the analyst that it will grow in the future.
The company is now trading at $2.77 and will go up to $4 in the future, and the stock has a very high potential for the future.
We have described one of the best penny stocks you should buy right now, but we recommend you do some research to get the best results.