9 Top Penny Stocks to Watch For 2022

Now that we have gone through the list of 10 top penny stocks, the next step is to go ahead and buy some shares. There are no precise rules as such as to when you should buy your shares as it depends on various factors like market conditions, company's performance and prospects, etc. However, if you want a tip, you should try and buy your shares when the price is low, and there's high volatility in the market. If you want to become a successful investor, you must stay updated with all the latest events related to your penny stock because it can substantially affect its price.

1) NVDA

NVDA has been performing brilliantly until now and is among the top penny stocks, but it has experienced some pullback in the recent past. Its stock is currently trading at $ 303.22, and the company's 52 week high was $ 346.47. Apart from its outstanding quarterly results and revenue growth of 20%, another reason for NVDA to be on our list of top 9 penny stocks is due to its good relationships with major players in the semiconductor industry like NVIDIA. The company is targeting $ 10.92 billion in revenue for last year (2020), and if it manages to achieve this target, it will be a huge achievement as its growth rate will definitely shoot up even higher than 20%. NVDA's outstanding performance and the high demand for its products means that this stock will not go down too easily; on the contrary, it has a very high chance of going up in the future.

2) FSLR

FSLR is currently trading at $ 87.35, and its 52-week high is $ 123.12. The main reason investors recommend this stock for investors looking to invest their money in top penny stocks is that it is trading below its 52-week high. While this might not be a major concern, but you should definitely keep an eye on FSLR as it might soon skyrocket to its old high, and you would miss out on some good gains if you do not invest in it right now.

3) LOGM

LOGM is currently trading at $ 86.63, and its 52-week high was $115.59, which makes it another good choice for investors looking to make some money in penny stocks. Stocks like LOGM are definitely worth buying as they have a lot of potentials and outperform their peers quite regularly. LOGM has been on the rise lately, which is why it made it to our list of top 9 penny stocks of 2021.

4) ISRG

ISRG is another stock you should have on your radar if you are looking to invest in penny stocks because by investing now, you can make a lot of money over the next few years. ISRG's year-end results were spectacular, and it has recently introduced its new products, which are most likely going to change the face of cancer treatment as we know it. ISRG is currently trading at $ 364.54, and its 52-week high was $ 369.69, which makes it an obvious choice for investors looking to invest their money in penny stocks that are likely to yield them big-time returns later on.

5) ABEV

ABV is now undervalued, with a share price of $2.80 (as of the time this post was being published) compared to a target price of $3.51 and two relatively recent rating upgrades during the previous four months, indicating that this post was being published that the company is cheap right now. The Price-to-sales relation of 0.61 is also good for a low-priced stock like this one because it's low. In addition, Ambev stock should be worth more than it is now because it has seen a lot of growth over the last five years, as well as a lot of growth over the last three months.

6) XRX

You should expect anything extraordinary from XRX because it has not been able to live up to investors' expectations, which is why its stock price has fallen down substantially over the past months. It is currently trading at $ 23.04, and its 52-week high was $ 26.96. It is still a good choice for investors looking to make some money in the world of penny stocks because its stock price might go up if it manages to deliver some extraordinary results as it did back in March 2021 when its stock price skyrocketed to $26.91.

7) BKCC

BKCC is another company you should keep an eye on as its stock price has been trending upward ever since it got listed at the NYSE MKT, which means that if you invest in it now, you can make a lot of money down the road. It is currently trading at $ 4.08, and its 52-week high was $ 4.47, which means that it is an obvious choice for investors looking to make some money in penny stocks as it will outperform its peers, like GEVO, which are not doing very well right now.

8) CIG

CIG is another company on our list of top 9 penny stocks, which has shown an upward trend in its stock price over the past few months. It is currently trading at $ 2.40, and its 52-week high was $ 2.98. This year, this company had a great start when it introduced its new products that are most likely going to drive sales for the company soon. There is a chance that this stock will start showing some momentum too, which means that it could become a great investment for you if you make the right choice at the moment.

9) TOMZ

In what was supposed to be a bad month for many penny stocks, many of them lost a lot of money because people were fleeing to safety; TOMI currently saw a 35% gain over the last month because of coronavirus fears. TOMI Environmental Solutions' share prices may rise even more in the coming months because of its strong financials, including a strong balance sheet and a high gross margin. There are also more concerns about the Omicron variant.

Conclusion

Investors who know which penny stocks to keep an eye on in 2022 and even beyond will have a better chance of making money. It's important to be careful not to buy unsafe stocks and lose a lot of money when you sell them later.