Best Penny Stocks to Buy in April 2022? 3 to Watch Next Month

"What are the best penny stock to buy in April 2022?"

There is no simple answer when it comes to penny stocks and whether they should be considered a good investment. It is determined by several factors, including the current state of the market, your financial objectives, and your risk tolerance. Having said that, penny stocks can be a good way to diversify your portfolio over time. While they are riskier than blue-chip stocks, they also have the potential for higher returns.

So, if you're willing to take on a little more risk, penny stocks may be a good option for you. To begin, conduct research and identify the best penny stocks to invest in. You have several resources at your disposal. However, because penny stocks are so speculative and reactive, keeping up with the news is always the best way to stay ahead.

When you come across a penny stock that piques your interest, don't put all of your eggs in one basket. Instead, begin with a small position to ensure that you fully understand your investment strategy. It entails understanding your entry and exit prices, as well as the indicators that will occur along the way.

You can always increase your position if the stock performs well. However, if it does not perform as expected, you can exit without suffering a significant loss. As previously stated, penny stocks are extremely volatile, so investors should only invest what they can afford to lose. Today's big gainers, such as Alzamend Neuro Inc. (NASDAQ: ALZN) and Meten Holding Group Ltd. (NASDAQ: METX), may be performing well. It isn't always the case, though. With that in mind, let's look at three penny stocks to add to your April 2022 watchlist.

3 Penny Stocks For Your April 2022 Watchlist

• American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)
• TDH Holdings Inc. (NASDAQ: PETZ)
• New Oriental Education & Tech Group (NYSE: EDU)

These can be the best penny stocks to buy now, given the rising trend they are experiencing!

Related: Tips for Buying the Best Stocks: The Ultimate Guide

American Virtual Cloud Technologies Inc. (NASDAQ: AVCT)

AVCT stock is one of the day's biggest gainers so far. By midday, AVCT's stock had risen more than 15% to more than $1.16 per share. It is a significant increase, coming on the heels of a 60 percent increase in the previous five days. So, why are AVCT stock prices rising right now?

The big news for American Virtual Cloud came yesterday when the company announced that its Kandy Communications division would be speaking at the "Enterprise Connect 2022 Conference & Expo: Let's Re-connect!" event. Only a few days prior, the company announced the completion of its Computer Technology Solutions divestiture to Calian Group Ltd.

It is fantastic news for the business, and it should help it continue to expand soon. As a result of this, as well as recent developments in the tech industry, it's clear that AVCT is a company to keep an eye on. It's up to you to decide whether it's worth adding to your penny stock watchlist.

TDH Holdings Inc. (NASDAQ: PETZ)

PETZ stock is another penny stock that we've talked about before. PETZ stock is now trading at over $0.42 per share, up more than 5.5 percent from yesterday. It is a significant increase on top of its 23 percent gain in the previous five days. Despite a YTD drop of more than 90%, we are starting to see some bullish sentiment return to PETZ stock.

Some of today's momentum can be attributed to JX Luxventure Ltd. (NASDAQ: LLL), which jumped more than 200 percent by midday. Chongqing E-Pet signed a $60 million sales agreement with this company. This deal is also making a lot of noise for TDH Holdings because of its position in the pet industry. Although PETZ stock has been extremely volatile in recent months, there is a small bullish case for it. So, will it be on your list of penny stocks to watch now that you know this?

New Oriental Education & Tech Group (NYSE: EDU)

Today, shares of EDU stock are up more than 10%. Although EDU's stock has dropped by more than 30% in the last six months and more than 90% in the last year, it appears that it is beginning to show signs of a bullish turnaround.

The main reason for the significant drop in EDU was China's ban on for-profit tutoring last year. When this happened, the value of EDU and other Chinese education stocks plummeted. Now, the industry has been completely battered, and businesses are scrambling to find new ways to thrive in the midst of it.

Investors seeking to profit from the stock's short-term decline appear to be the reason for its current movement. Many penny stock traders view these securities as opportunities to profit from short-term swing trading. However, due to its high volatility, EDU stock can be a quick way to lose money. With this in mind, do you believe EDU stock is a good investment?

Related: Investing The Stock Market Has Never Been Easier

Penny Stocks FAQs

Do penny stocks ever go up?

There is no limit on the price of a stock. According to analysts, penny stock companies do not often grow up to become large corporations, but it does happen.

What are the top moving penny stocks?

• Oriental Trimex Ltd. 16.00. 13.07.
• Sumit Woods Ltd. 14.60. 9.77.
• Super Spinning Mills Ltd. 15.00. 9.89.
• Jaiprakash Power Ventures Ltd. 9.25. 9.47.
• Globe Textiles (India) Ltd. 14.75. 9.67.
• MT Educare Ltd. 12.35. 6.58.
• Shekhawati Poly-Yarn Ltd. 0.75. 7.14.
• JIK Industries Ltd. 0.90. 5.88.

Now, if you would ask me, “What are the Best Stocks to Buy Now,” that’s entirely your decision to make. However, I have some suggestions that might help:

• Union Pacific
• Palo Alto Networks
• UnitedHealth
• Broadcom
• Old Dominion Freight Line