The best penny stocks to buy in April 2019 can earn you more than 60% gains. But it can be hard to identify the top penny stocks among the thousands available.
Penny stocks are defined by the U.S. Securities and Exchange Commission as stocks selling for less than $5 per share. At those rates, gains of pennies can translate to returns of 100% or more.
Last week, for example, Atossa Genetics Inc. (NASDAQ: ATOS) skyrocketed more than 130% to $3.51. One of its treatments, long in the experimental stage, was finally approved by the U.S. Food and Drug Administration (FDA).
That wasn't the only penny stock to gain impressively last week, though. Akari Therapeutics Plc. (NASDAQ: AKTX) skyrocketed almost 123% to hit $4.08.
These are just a couple of the 2,800 penny stocks listed on the New York Stock Exchange (NYSE) and Nasdaq alone. And not all penny stocks perform this well.
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While they can offer triple-digit gains, penny stocks can also go south to the same extent. Investors should not devote more than 2% of their portfolios to penny stocks, because it's a volatile asset class with an exceptionally high degree of risk.
But our recommendation for the best penny stock to buy in April could rise as much as 70%.
The Best Penny Stock to Buy in April
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Southwestern Energy Co. (NYSE: SWN) extracts natural gas throughout North America. This company has drilling rights to more than 918,000 acres in the Appalachian Basin.
During the past two years, SWN's gross profits have risen by 58%. Climbing energy demand, particularly for liquefied natural gas (LNG), has led SWN to increase its production by three times over 2016 levels.
Its production costs, on the other hand, have only risen by very low levels per year, 6% and 9%, respectively. These costs indicate that SWN is well managed and making prudent use of its capital.
In 2018, SWN made more than $500 million in profit.
Its valuation is also impressive. Currently, the shares sell at a 0.79 price-to-book ratio. As a result, investors can purchase shares for a small amount of the worth of the assets.
Currently, SWN shares sell at $4.39, but Wall Street analysts expect it to skyrocket to $7.50 over the next 12 months. That's a climb of 70%. Not bad for an affordable share price point of entry.
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