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March 28, 2022, 5:06 p.m. EDT

3 Hot Meme Penny Stocks to Watch Under $3 Right Now

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    Sphere 3D Corp. (ANY)
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    Calithera Biosciences Inc. (CALA)

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Well, the latest news from the company came on March 24th when it announced that it would report its Q4 and full year 2021 financial results. It stated that these results will be reported this week on Thursday, March 31st. For those unfamiliar, Calithera is a clinical-stage, precision oncology focused pharmaceutical company. It works on the production of targeted therapies for a variety of patient populations.

Recently, we've seen a major industry focus on biotech penny stocks. And while CALA has not made any big announcements recently, it's upcoming financial results are getting investors very excited. Ahead of this, it is crucial to take a look at Calithera's analyst expectations as well as what its most recent fiscal report stated. Considering this, will CALA be on your penny stocks watchlist as we move into April?

Are Meme Stocks Worth Adding to Your Small-Caps Watchlist?

Buying meme penny stocks can be a great way to make money in the stock market. However, it can also be a very quick and easy way to lose money. Because of this, understanding exactly what your tolerance for risk is and how to take advantage of that is crucial. And in 2022, we've continued to see more volatility than we have in many years prior.

[Read More] 3 Energy Penny Stocks to Add to Your Watch List This Week

So, make sure that you stay up to date with the latest news and events that are impacting the stock market, and consider how to take advantage of those. With that in mind, do you think meme stocks are worth adding to your small caps watchlist or not?

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