Hot Penny Stocks to Watch in Early February 2022

3 Hot Penny Stocks For Your February 2022 Watchlist 

In the past few days, trading penny stocks and blue chips has not been easy. With so much volatility, making money with penny stocks in 2022 can be difficult. But, by understanding what is going on in the stock market, it can be much easier. 

Right now, there are several factors to consider simultaneously. This includes inflation, interest rates, geopolitical tensions, and of course, the pandemic. And, we also are witnessing earnings reports from major tech companies right now, adding even more volatility into the mix.

[Read More] Penny Stocks To Watch: Why MTEK Stock Is Moving

One of the biggest stories today is Meta Platforms Inc. (NASDAQ: FB), which posted earnings below expectations. As a result, shares plummeted by over 26% during intraday trading. On the winning side, companies like Aridis Pharmaceuticals Inc. (NASDAQ: ARDS), are seeing heightened bullish momentum today.

So, while it is a tough time to be an investor in the stock market, many believe that the future could be bright. But, always make sure that you have a proper trading strategy on hand that can adapt to changing market conditions. Considering that, let’s take a look at three hot penny stocks to add to your February watchlist. 

3 Penny Stocks to Add to Your Watchlist Right Now

1. Phunware Inc. (NASDAQ: PHUN) 
2. Senseonics Holdings Inc. (NYSE: SENS) 
3. Iterum Therapeutics PLC. (NASDAQ: ITRM) 

Phunware Inc. (NASDAQ: PHUN)  

One of the bigger gainers of the day so far is PHUN stock. By midday, shares of PHUN had shot up by over 7.3%. With penny stocks, we often see prices move up or down substantially in a given trading day with little to no news. And, this seems to be the case right now with PHUN stock. 

Right now, we are seeing two reasons why PHUN stock could be pushing up, but both are non-company related. On one hand, Phunware could be rising as a sympathy play alongside news from the SPAC, CF Acquisition Corp. VI (NASDAQ: CFVI). Because PHUN stock is speculatively tied to certain similar stocks, it tends to see large movements when others move as well. 

Now, shares of PHUN have shot up by over 14% in the past five days which is no small feat. And, in the past six months, shares have climbed by over 126%. If you’re not familiar, Phunware also has a sizable connection to the Trump social media platform SPAC, Digital World Acquisition Corp. (NASDAQ: DWAC). As a result, it is extremely speculative and continues to move in both directions by large amounts. With all of this in mind, will PHUN be on your list of penny stocks to watch?

Senseonics Holdings Inc. (NYSE: SENS)

Another decent gainer of the day is SENS stock. By midday, shares of SENS had shot up by over 8% to $3.07. Similarly to PHUN stock, there is no news that is driving SENS right now. However, we can look at recent press releases to see why shares may be pushing up. For one, the company announced on…