We’ve still got six more penny stocks to highlight but there’s a big warning we have to talk about here before we go any further. You’ll notice a lot of these, and most stocks under $1 a share are going to be OTC stocks, or pink sheets. That means they don’t trade on the regular exchanges like the NYSE or the Nasdaq. It also means they aren’t regulated with as much oversight as the rest of the market. I want to get to that list of penny stocks under a dollar so I’ll show you how I researched these later.
- With that has come a “green wave” in the stock market, boosting marijuana stocks higher.
- Furthermore, the stock price doesn’t necessarily correlate with upside potential.
- The last of the Robinhood stocks to make my list is Inuvo, a play on the artificial intelligence (AI) sector.
- Also, not all investing apps give you access to OTC stocks, which is why I like using Webull for my penny stock trading.
Start your research with skepticism and let these companies prove themselves to you. We would have made a profit of 73% on this trade should we follow our strategy.To learn more about this strategy, read penny stock strategies. Penny stocks are often thinly traded, lack financial transparency, and can be subject to price manipulation, making them riskier than traditional stocks.
Your broker will carry out buy and sell orders on your behalf, as traders can’t buy or sell stocks directly on the market. Plus, they can help you learn how to find penny stocks on your own, allowing you to participate more actively in the construction of your portfolio. After penny stock returns like Tellurian, up 28% in just a few months and Bryna up 92%, it’s the most requested topic on the channel so I wanted to update our list. And we’re going after the smallest of the small cap stocks in this video, the penny stocks under $1 per share with the biggest upside potential. But, as per the real definition, the highest-priced penny stock is $5.
What are penny stocks?
The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q1 2025. Another one of the cheapest penny stocks on this list is Farmmi Inc. Unlike Alpha Esports, the company focuses on retail product sales, particularly mushrooms. Farmmi sells consumer-grade mushrooms, supplying its agricultural products to China. Try not to fall into the false narrative that companies like Apple and Microsoft were once penny stocks. Remember to use total market funds and index funds as the basis of your portfolio because they are tried and true while a bundle of penny stocks is not.
Why History Says the Worst Market Stretch Starts This Week
Investors like the Robinhood platform because it allows them to buy and sell stocks and other securities for free. Also, Robinhood has a tool that enables investors to get in early on new IPO stocks. Besides Sundial Growers, Onconova Therapeutics, and Advaxis, the other hot penny stocks on Nasdaq include Jaguar Health and Adial Pharmaceuticals.
- Despite the loss in earnings over the last year, the company supports a strong balance sheet and with a P/E ratio of 15.61, it ranks better than over 75% of its competitors.
- Yet, despite the challenges it’s faced in 2021, and its murky prospects of ultimately getting approval for its main candidate, investors looking for speculative biotech play may want to consider it.
- With the millions it raised through the sale of new shares this year, it has plenty of dry powder to play with.
- That’s not to say, of course, that shares won’t dip further in the short-term.
Moving Average Screener
MediPharm Labs Corp., together with its subsidiaries, produces and sells pharmaceutical-grade cannabis oil and concentrates for derivative products in Canada and Australia. It also provides cannabis contract processing services to licensed producers and growers; and tolling services to licensed cultivators in Canada. In addition, the company supplies purified cannabis concentrate raw materials and product formulations for ready-to-sell advanced cannabis products. The company was founded in 2015 and is headquartered in Barrie, Canada. Esports has become a hot area in the stock market and within the tech arena. Thanks to the pandemic, at-home “events” like playing video games brought even more attention to an already rapidly advancing industry.
Why Do Some Investors Buy Penny Stocks?
It can be a fabulous stock to invest in as they are the specialists in immunomodulatory therapies and are set to enter Phase 2 development, closely accompanied by four others undergoing preclinical study. All this research about SONN shows that if things go in the right direction, investors have a fair chance to make good money. Looking at the potential market of the share is one of the best ways to evaluate the value of a penny stock. Biolase is a medical device firm and business leader globally in producing and marketing proprietary dental laser systems. This sector was a little low because of the pandemic, but it has again gained a lot of hype.
Many BEACH stocks are now in penny territory because of the COVID-19 pandemic. Penny stocks are highly volatile and represent one of the most speculative asset classes. Only experienced investors with a high appetite for risk should consider investing in penny stocks. First, if it decides not to pursue high growth anymore, it could further reduce its operating costs. Already profitable on an EBITDA basis, reducing costs could possibly get it out of the red in terms of earnings per share (EPS). Second, WTRH stock may have solid upside, even if the company pursues a slow-and-steady growth strategy.
Readers are encouraged to do their own due diligence on any of the stocks listed. If you’re looking to broaden your scope, check out these stocks under $5 and these stocks under $10. As of right now, Chart trades well below the industrial sector’s 24 forward P/E and at an attractive 0.10 PEG. CARG is the least-loved stock of this group, but with nine Buys and five Holds, it still has a solid consensus Buy rating, as well as expectations of 22% annual profit growth over the next three to five years.
Ovid Therapeutics NASDAQ:OVID
Its GamerzArena+ product is a subscription-based service allowing members access to higher-paying tournaments along with the ability to access unique and special events. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. One that is defined not only by the technical aspects but also by the business behind trading; a properly structured trade that is in line with the overall trading plan that has been proven to work. In contrast to what most new traders think, trading is not just about strategies, but the system itself also contributes greatly to becoming a successful trader. Get a FREE share of stock worth up to $1,600 when you open a Webull investing account – learn more here.
And gold miners have been hit recently with the price of gold suffering on fears that the Fed would start tapering its stimulus but I think it’s building a base for what could be another run higher. Gold was trading in that range of $1750 to $1950 for a long time and with inflation still a big worry in the market, you’re likely to see some strong support which is going to keep these miners cash flowing. First we’ll change the price filter to narrow it down to just those penny stocks under $1 per share. And with all of these, the screener filters potential stocks immediately so you can always see how many fit the criteria. The stock hit a low of $1.96, so it didn’t hit our stop loss and the stock gaped up on June 18 at a price of $3.26.
#13 – Hurricane Energy
At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have stocks under $1 2021 a City Quarters strategy to evolve our portfolio beyond retail.
Nevertheless, it is gross margin was excellent at 71%, with about $70 million in cash and equivalents at the end of the second quarter. Moreover, it has already laid down plans to expand beyond the spine sector and embrace a Software-as-a-Service (SaaS) business model, boasting gross margins over 70%. On top of that, the company has laid out its highly ambitious plans for the next 12 to 18 months, which makes ADXS a fascinating bet.