In This Article:
The Australian stock market has experienced a slight downturn, with the ASX200 down 1% and sectors like Discretionary and Financials showing notable declines. Despite these challenges, penny stocks remain an intriguing area of investment, often representing smaller or emerging companies that can offer significant value. By focusing on those with strong financial foundations, investors may uncover opportunities for growth amidst the volatility.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
Embark Early Education (ASX:EVO) | A$0.77 | A$139.45M | ★★★★☆☆ |
LaserBond (ASX:LBL) | A$0.55 | A$64.47M | ★★★★★★ |
MaxiPARTS (ASX:MXI) | A$1.80 | A$99.02M | ★★★★★★ |
SHAPE Australia (ASX:SHA) | A$2.85 | A$235.47M | ★★★★★★ |
Helloworld Travel (ASX:HLO) | A$1.885 | A$312.61M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.49 | A$306.97M | ★★★★★☆ |
Navigator Global Investments (ASX:NGI) | A$1.59 | A$771.88M | ★★★★★☆ |
EZZ Life Science Holdings (ASX:EZZ) | A$2.91 | A$134.78M | ★★★★★★ |
SKS Technologies Group (ASX:SKS) | A$1.59 | A$190.52M | ★★★★★★ |
Vita Life Sciences (ASX:VLS) | A$1.80 | A$99.85M | ★★★★★★ |
Click here to see the full list of 1,052 stocks from our ASX Penny Stocks screener.
Let's explore several standout options from the results in the screener.
Alcidion Group
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Alcidion Group Limited develops and licenses healthcare software products in Australia, New Zealand, and the United Kingdom, with a market cap of A$80.58 million.
Operations: The company's revenue primarily comes from the provision of healthcare software solutions, amounting to A$37.06 million.
Market Cap: A$80.58M
Alcidion Group, with a market cap of A$80.58 million, operates in the healthcare software sector across Australia, New Zealand, and the UK. Despite being unprofitable and having increased losses over five years at a rate of 27.5% per year, Alcidion is debt-free and trading at a significant discount to its estimated fair value. The company has sufficient cash runway for over a year based on current free cash flow but faces challenges with short-term liabilities exceeding short-term assets by A$0.7M. Analyst consensus suggests potential stock price growth of 38.9%. Recent executive changes aim for seamless operational continuity.
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Dive into the specifics of Alcidion Group here with our thorough balance sheet health report.
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Gain insights into Alcidion Group's future direction by reviewing our growth report.
Aims Property Securities Fund
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Aims Property Securities Fund, with a market cap of A$76.13 million, is a close-ended fund of funds launched by MacArthurCook Ltd.