4 Hot Penny Stocks: BBIG IMHC KYNC MULN

Today, one needs to be quick to take profits and go where the opportunities are. For us and our subscribers here at Insider Financial, that means trading both OTC and Nasdaq stocks.Our subscribers have plenty of opportunities in OTC, Nasdaq, and NYSE penny stocks with low floats, news, and a significant short position.Smart investors know that if you want to make the big money off a small account, the place to be is in penny stocks. There are many good penny stocks that can boost your portfolio’s value in the long term. We preach the key to trading penny stocks for investors is finding momentum BEFORE it happens and ahead of the crowd.[embed]https://www.youtube.com/watch?v=nWIp220Lc4w[/embed]We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.In this article, we take a look at 4 hot penny stocks that can do well in the following weeks. They are Vinco Ventures Inc (NASDAQ: BBIG), Imperalis Holding Corp (OTCPK: IMHC), KYN Capital Group, Inc (OTCPK: KYNC), and Mullen Automotive, Inc (NASDAQ: MULN). Penny stocks #1 BBIG Penny stocks #2 IMHC Penny stocks #3 KYNC Penny stocks #4 MULN

Hot Penny Stocks #1 BBIG

Vinco Ventures Inc is trading near $3 after gaining over 30% during the last five trading sessions. The NASDAQ-listed stock has recently bottomed out near $2, touching the lowest level since January 2022. Back in September, BBIG broke above $12 for the first time on record, although the price failed to consolidate above $10. However, that was a clear signal about the potential of this diverse company, and we think there is much room for growth.Vinco operates as a consumer product research and development, manufacturing, sales, and fulfillment company in North America, the Asia Pacific, and Europe. It manufactures and offers toys, plush, homewares, and electronics to retailers, distributors, and manufacturers through e-commerce channels, as well as personal protective equipment to governmental agencies, hospitals, and distributors. It operates 13 consumer and digital marketing brands, including 911 Help Now, SRM Idea Lab, and Ferguson Containers.BBIG’s business model relies on aggressive acquisitions based on its BIG strategy: buy, innovate, and grow.The stock has been making the headlines because of its social media app called Lomotif, which is meant to compete with TikTok itself. The company is also tapping into non-fungible tokens (NFTs), with an investment in projectable E-NFTs.On Monday, CEO Lisa King told Wall Street Reporter:

“We completed the acquisition of an 80% interest in Lomotif, one of the fastest-growing video-sharing social networking platforms in its category over the last three years, with over 225 million installations of the Lomotif app globally since launch. Over 10 billion atomic clips of user generated content have been used to create more than 750 million videos on the platform since its launch. We view Lomotif as the centerpiece of our strategies to become a pure play media and entertainment company.”

She explained that BBIG planned to monetize the platform to its planned acquisition of AdRizer through ZVV Media Partners LLC, its joint venture with ZASH Global Media, the planned acquisition it announced in early October. AdRizer runs both real-time programmatic ad transactions and has direct agreements with agencies and advertisers on its own proprietary AI-focused platform. Lisa added:

“We believe that Lomotif and AdRizer will be complemented by our Honey Badger Media and Edison Nation brands, which will remain with Vinco. Honey Badger is a digital commerce company that designs digital campaigns and leverages its network of millions of followers and an impressive catalogue of celebrities and influencers to grow advertising revenue. Honey Badger brings a proprietary monetization process that converts traffic to dollars, employs content arbitrage to capitalize on network traffic, and leverages a powerful ad stack. Edison Nation allows inventors to create, distribute, market and monetize their products to licensing agreements.”

This is a turning point for Vinco, which is transforming into a media and entertainment company.We’re bullish on BBIG also because it’s a great short squeeze candidate, with almost 18% of the float being shorted.https://twitter.com/Halcyon303/status/1506711261920305153

Hot Penny Stocks #2 IMHC

Imperalis Holding Corp has been carrying on with its bullish stance for months, gaining over 55% during the last five trading days alone. The Pink Current stock surged from less than five pennies on March 14 to the current level of $0.20. It peaked on Monday at $0.50, the highest in about four years. The latest spike came amid record volume figures, which suggests that momentum is still building.IMHC is a holding company that has three subsidiaries, including The Crypto Currency Mining Company, CannaCure Sciences, and The Dollar Shots Club. However, all of them have been dormant. The company is presently looking to acquire revenue-producing companies with positive cash flow.IMHC used to rely on CannaCure Sciences, which offered natural skin and hair care products free of harsh chemicals and preservatives.On Monday, the price surged after BitNile Holdings (NYSE American: NILE) announced that its subsidiary, TurnOnGreen, Inc, which provides electronic vehicle (EV) charging and power solutions, had entered into a securities purchase agreement with IMHC, according to which TurnOnGreen will become a subsidiary of Imperalis.This is a major deal for IMHC, as it will change its name to TurnOnGreen, although the current TurnOnGreen will cease to exist and will instead have two operating subsidiaries, TOG Technologies Inc and Digital Power Corporation. Promptly following the closing of the acquisition, Imperalis will dissolve its three dormant subsidiaries. Subsequent to the acquisition, BitNile will assist TurnOnGreen in pursuing an uplisting to the Nasdaq Capital Market, subject to Nasdaq’s seasoning rules and other criteria for listing. https://turnongreen.com/NILE CEO Milton "Todd" Ault, III said:

“We are excited to sponsor the acquisition of TurnOnGreen by Imperalis that will, upon closing of the SPA, result in a publicly traded company, TurnOnGreen, dedicated to continuing the development, manufacturing and sales of its proprietary power solutions and EV charging systems serving both residential and commercial segments.”

IMHC, a $30 million company, is a great shell that has a decent share structure, with 161 million outstanding shares out of a maximum of 200 million.TurnOnGreen has been working with clients like Qualcomm, Cisco, Nokia, the US Air Force, and NASA. How many pink current stocks can brag about such a performance? With $5 billion secured from the Biden administration, the EV chargers market is going to explode during the next few years, and IMHC will reap the maximum benefits from this opportunity.

Hot Penny Stocks #3 KYNC

Another Pink Current stock making waves these days is KYN Capital Group, Inc, and our subscribers and readers might be already familiar with, as we’ve covered it on several occasions. Back in December, KYNC made our crypto bounce list, although the stock might have found its bottom only recently. Last week, the stock broke below $0.002 for the first time in years. It has doubled since then to trade at $0.0037, up 60% for the week.The $16 million company operates as a holding for acquisitions, entertainment, blockchain, cryptocurrency, and touchless payments. Its flagship product is Koinfoldpay, a contactless crypto payment gateway for businesses. Koinfoldpay allows businesses to receive Bitcoin, Ethereum, Bitcoin cash, and Litecoin for online payments. Thus, the company’s performance has benefited from the current crypto rally as well, with Bitcoin returning back above $42,000 as the largest cryptocurrency by market cap acts as a safe-haven amid the current geopolitical tensions.Besides external factors, KYNC has been pumped by internal fundamentals as well. On Monday, it announced the launch of its Koinfold Debit Card. Additionally, it will be releasing revenues for Q1 2022 on behalf of its Pay.How beta and progress regarding the acquisition of BW Property Management and its entire suite of tools. The merger between BW Property Management and KYNC was first announced in December last year. BW Property Management’s Pay. How has continued to bolster a unique approach to attaining and attracting new clients, which has added increased excitement for KYN Capital Group as it expands nationwide.Pay.How converges peer-to-peer payments, merchant solutions, real estate, home services, ticketing to events, ride-sharing, and a crypto exchange into a streamlined and rewarding experience.KYNC has recently dropped to the lowest in years, but we don’t think this is a fair valuation for the company, especially as it offers some great products. Also, we expect some strong Q1 financials, because otherwise, why would KYNC officially announce their release? The next few months should be shiny for this stock, especially after it launches its NFT marketplace along with other major products.

Hot Penny Stocks #4 MULN

Mullen Automotive, Inc continues to recover after bottoming out in mid-February near $.60. Now the NASDAQ-listed stock is trading at $3.1, up over 400% over the month. We presented our bullish stance on MULN in a dedicated article when the share price was under $1.MULN has been one of the most popular penny stocks during the last few days, as it has been recovering on record volumes. For those who are still not familiar with it, MULN is an EV maker that is only starting its journey. It bets on its flagship car, Mullen FIVE EV, which has amazing specs and a gorgeous design.Last week when we covered MULN, it was trading near $1, and the price has already tripled since then amid increased interest from investors and media coverage.Recently, a CarBuzz piece featured the company's high-performance EV crossover. CarBuzz is a popular car news site with over 9 million monthly visitors. It featured the company's new EV Crossover, the Mullen FIVE, as well as interviews with CEO and chairman of Mullen Automotive, David Michery, and Vice President of Mechanical Systems, Marian Petrelecan. It also covered Mullen's financial model, partnerships, and market strategy.We shared the main reasons to buy MULN and have nothing to add at this point. MULN is a great stock to buy at this low price because it may explode within the next few years, as the crossover is starting to get delivered to the clients. The great thing about MULN is that it has its own facilities in the US and uses proprietary technology to increase the efficiency of its batteries.By the way, the price performance since February has formed a cup and handle pattern, which is a strong bullish signal that announces a trend reversal. MULN stock looks ready for another rally and send the ticker back to where it was in November north of $10.

THE FINAL NOTE

Now is a great opportunity to invest in top penny stocks with great potential. Our job is to identify the best penny stocks with strong fundamentals and let our subscribers pick the ones they like to build a well-diversified portfolio.Buying dips and selling rips as swing trades remains the best strategy in the stock market. Still, whenever a hot stock is in the middle of a bull run, we recommend our subscribers to book profits.It’s very important to eye penny stocks that have room for growth and have yet to make their explosive move. There are plenty of opportunities, and we take our time to monitor hundreds of penny stocks to buy each week, trying to find the best alerts for our subscribers.Remember, all you need is one or two penny stocks to run in order to crush the market averages.As always, good luck to all (except the shorts)!

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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.