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April 19, 2022, 3:00 p.m. EDT

Best Penny Stocks to Watch With SEV Stock Exploding 81%

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Apr 19, 2022 (Penny Stocks via COMTEX) -- 3 Penny Stocks to Add to Your Watchlist With Big Momentum Right Now

Finding the best penny stocks to buy is all about research and due diligence. You need to find a strategy that works for you and stick to it. There are a lot of resources out there for trading penny stocks , but, the most important factor is to understand your own risk tolerance and goals. This will help you find the best penny stocks to buy that fit your trading style.

When looking for penny stocks to trade, always remember to check the most recent financial reports. These are crucial as they allow you to understand a company's overall health. Also, make sure you are aware of the any upcoming news or announcements that concern the company. Because penny stocks are so speculative, this type of information can move the stock price significantly.

[Read More] 5 Top Biotech Penny Stocks Under $1 To Watch This Week

When you are ready to start trading penny stocks , always make sure you have a thorough understanding of what is going on in the stock market. That way, you can be prepared for anything that might happen. Trading penny stocks is a risky proposition, but, if you are careful and do your homework, it can be a very profitable way to make money in the stock market. With that in mind, let's take a look at three penny stocks to watch as April comes to an end.

3 Penny Stocks to Watch as April Comes to an End

  1. Sono Group NV ( NASDAQ: SEV )

  2. DiDi Global Inc. ( NYSE: DIDI )

  3. Guardforce AI Co. Ltd. ( NASDAQ: GFAI )

Sono Group NV /zigman2/quotes/230849950/composite SEV -3.62%

Sono Group is one of the largest gainers of the day with over 68% in gains on April 19th. This major move comes with a one month uptick of over 40%, bringing it to over $7.73 per share. At that price, SEV stock is no longer a penny stock. However, it was only a day earlier. And for that reason, it's worth looking into why shares of SEV stock are moving right now.

The big news for the company came today when it announced its 2021 financial results. In the results, the company announced $17,250 in revenue. While this is not much, we have to look at another announcement made by the company on the same day. In a corporate update, the company announced that between 2021 and 2022, the company increased its Solar B2B partner arrangements from 2 to 17.

These are all great achievements for the company and show just how hard SEV stock is working to grow. With that in mind, will it be on your list of penny stocks to buy or not?

DiDi Global Inc.

DiDi Global is a penny stock that we have covered numerous times in the past few months. And today, shares of DIDI stock managed to shoot up by more than 2.2% at midday. This comes after a one month drop of over 50%, which is quite disappointing for investors. However, it seems as though many choose to trade DIDI stock rather than invest in it.

Currently, there are a lot of issues on the table for DIDI stock. On one hand, the company is facing a probe from the Japanese government for cybersecurity issues, and on the other hand, the company also may de-list from the NYSE. In its recent financial report, the company posted a 12% drop in Q4 revenue.

[Read More] Hot Penny Stocks to Buy? 3 to Watch As CMPI Stock Shoots Up 320%

On May 23rd, it will host a shareholder meeting which involves a vote on whether or not it will stay on the U.S. exchange. So, while it's tough to say if DIDI stock is worth buying due to its volatility, it's clear that it is moving frequently right now. Whether this makes it a worthwhile addition to your penny stocks watchlist or not, is up to you.

/zigman2/quotes/230849950/composite
US : U.S.: Nasdaq
$ 2.93
-0.11 -3.62%
Volume: 338,488
July 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$256.90 million
Rev. per Employee
$81.87
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