DRCT - Best Penny Stocks Today? 3 Active Small-Caps to Watch Today
3 Hot Penny Stocks That Are Active During Trading Right Now
It’s no secret that penny stocks can be a great way to grow your income over time. But is investing in penny stocks still worth it in 2022? Let’s take a look. On the one hand, there are some significant risks involved when it comes to investing in penny stocks . While the stock market can be volatile, penny stocks tend to be more so. And it’s not uncommon for stocks to lose value over time.
On the other hand, stocks have historically been a great way make money. With big gainers today like Volt Information Sciences Inc. ( NYSE: VOLT ) and Turqoise Hill Resources Inc. ( NYSE: TRQ ), it’s clear that there is money to be made. Over the long term, stocks have returned an average of 10% per year. That means that if you invest $1,000 in stocks, you could expect to have $1,100 in a year. Of course, this is in no way a guarantee, and this year supports that.
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So, is investing in stocks worth it in 2022? That’s a decision that only you can make. If you’re comfortable with the risks, then penny stocks could be a great way to make money. But if you’re not comfortable with the risks, then you may want to stick to more stable stocks.
3 Active Penny Stocks to Add to Your Watchlist Right Now
- AgriFORCE Growing Systems Ltd. ( NASDAQ: AGRI )
- Direct Digital Holdings Inc. ( NASDAQ: DRCT )
- CEA Industries Inc. ( NASDAQ: CEAD )
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI)
One of the bigger gainers of the day so far is AGRI stock. At midday, shares of AGRI had shot up by over 23% to more than $3.90 per share. This is a substantial gain and brings AGRI stock’s five day gain to over 95%. And, in the past month, AgriFORCE has seen its stock shoot up by a staggering, 145% or so. As a result, many investors are wondering if AGRI stock is worth buying or not. Well, to understand this, we have to look at the most recent announcements from the company.
On March 10th, AgriFORCE announced a binding letter of intent to acquire Deroose Plants NV. This is one of the largest tissue culture propagation companies in the world, and had unaudited revenue in 2021 of $40.5 million.
“Adding to the momentum of our recent definitive agreement with Delphy, we look forward to welcoming Deroose into the AgriFORCE family of companies, as we continue to move forward with our vision to become a world leader in delivering next-generation foods and plant products for businesses and consumers.
Our two companies are strongly aligned with transforming the agriculture industry through IP, innovative technologies and expertise that enable cleaner, better crops with reduced environmental impact.”
The CEO of AgriFORCE, Ingo Mueller
This is great news for AgriFORCE and should help it to continue its growth plans in the near future. Considering this, do you think AGRI stock is worth buying right now or not?
Direct Digital Holdings Inc. (NASDAQ: DRCT)
Over the past five days, shares of DRCT stock have shot up by a very respectable, 121%. This includes over 2% in gains during trading today, bringing shares of DRCT stock up to over $2.79.
Similarly to AGRI stock, as investors we have to understand why shares of DRCT are climbing right now. The most recent news from the company came on March 9th. On the 9th, it stated that the Pigeon Forge Dept. of Tourism, has selected DRCT’s buy-side advertising platform known as Orange142, as its digital agency. This will give it a five year contract, continuing its almost 25 year relationship with Pigeon Forge.
“We’ve partnered with Orange142 for almost 25 years, their team’s understanding of our brand and audiences is unparalleled. Orange142 truly serves as an extension of Pigeon Forge’s Department of Tourism and is a key strategic marketing partner based on their digital expertise.”
Leon Downey, the Executive Director of the Pigeon Forge Dept. of Tourism
Continued contracts are always very exciting for companies and investors alike. And this renewal shows just how valuable both Orange142 is and Direct Digital Holdings as a whole. While it may take some time to see the full results from this deal, it is something to consider.
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If you’re not familiar, Direct Digital offers state-of-the-art supply and demand side advertising. This is done through its internal companies which service over 17,500 clients every day. And, the company states that it generates more than 30 billion impressions per month. Considering all of this, will DRCT be on your penny stocks watchlist ?
CEA Industries Inc. (NASDAQ: CEAD)
By midday, shares of CEAD stock shot up by over 20%, which makes it one of the largest penny stock gainers during midday. In the past six months, shares of CEAD have dropped by over 75%.
So, to understand whether CEAD stock is worth buying or not, we have to take a closer look at it. For starters, CEA Industries Inc., is a leader in controlled environment agriculture. This includes its variety of complementary and adjacent companies within its portfolio. On March 10th, the company signed into a contract with Surna Cultivation Technologies for $2.1 million.
“We are pleased to announce a signed contract for $2.1 million with a facility in Maryland. Earlier in 2021, Surna performed the mechanical, electrical, and plumbing (MEP) engineering services for this 37,000 square feet of cultivation space. Thanks to the value added as a result of this work, we have been awarded the HVACD and controls equipment portion of the project.”
The VP of Sales at Surna, Jon Kozlowski
Right now, the agriculture industry is heating up, with investors continuing to show heightened interest. Considering this, do you think that CEAD stock is worth buying or not?
Which Penny Stocks Are You Watching?
If you’re looking for the best penny stocks to buy, there are hundreds of options to choose from. Because of the sheer number of penny stocks out there, investors need to do their due diligence to find ones that are worth buying.
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This means looking at the news, current events, and understanding exactly how they will impact the penny stocks on your list. With that in mind, which penny stocks are you watching right now?
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