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Amid a backdrop of market volatility, with the Dow Jones dropping 1,000 points and gold surging as investors seek safe havens, the landscape for investment remains complex. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials.
Top 10 Penny Stocks In The United States
Name | Share Price | Market Cap | Financial Health Rating |
Safe Bulkers (NYSE:SB) | $3.30 | $345.99M | ★★★★☆☆ |
Tuya (NYSE:TUYA) | $1.95 | $1.16B | ★★★★★★ |
Smith Micro Software (NasdaqCM:SMSI) | $0.9144 | $16.25M | ★★★★☆☆ |
Kiora Pharmaceuticals (NasdaqCM:KPRX) | $2.79 | $8.37M | ★★★★★★ |
Flexible Solutions International (NYSEAM:FSI) | $3.78 | $47.81M | ★★★★★★ |
Imperial Petroleum (NasdaqCM:IMPP) | $2.46 | $74.62M | ★★★★★★ |
BAB (OTCPK:BABB) | $0.81 | $5.88M | ★★★★★★ |
QuantaSing Group (NasdaqGM:QSG) | $3.08 | $218.76M | ★★★★★★ |
Lifetime Brands (NasdaqGS:LCUT) | $3.81 | $84.44M | ★★★★★☆ |
New Horizon Aircraft (NasdaqCM:HOVR) | $0.4476 | $14.05M | ★★★★★★ |
Click here to see the full list of 781 stocks from our US Penny Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Navitas Semiconductor
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Navitas Semiconductor Corporation designs, develops, and markets power semiconductors globally, with a market cap of approximately $346.76 million.
Operations: The company's revenue is derived entirely from its semiconductors segment, totaling $83.30 million.
Market Cap: $346.76M
Navitas Semiconductor, with a market cap of approximately US$346.76 million, is notable for its innovative power semiconductor technologies targeting high-growth markets such as EVs and AI data centers. Despite being unprofitable, the company shows potential with significant revenue from its semiconductors segment (US$83.30 million) and no debt burden. Recent product advancements in SiC and GaN technologies demonstrate Navitas' focus on efficiency and reliability, potentially enhancing market adoption across various applications. However, the stock remains volatile with insider selling observed recently, indicating potential investor caution despite strategic partnerships and technological innovations.
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Take a closer look at Navitas Semiconductor's potential here in our financial health report.
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Gain insights into Navitas Semiconductor's future direction by reviewing our growth report.
Hyliion Holdings
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications, with a market cap of approximately $241.25 million.