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The Australian market is currently experiencing a period of uncertainty, with ASX 200 futures fluctuating and recent economic developments such as the RBA's rate cut creating mixed sentiments among investors. For those interested in exploring investment opportunities beyond the larger, more established companies, penny stocks can offer intriguing possibilities. Despite their somewhat outdated name, these smaller or newer companies can still present valuable opportunities when they are underpinned by strong financial health.
Top 10 Penny Stocks In Australia
Name | Share Price | Market Cap | Financial Health Rating |
Embark Early Education (ASX:EVO) | A$0.79 | A$144.95M | ★★★★☆☆ |
EZZ Life Science Holdings (ASX:EZZ) | A$1.97 | A$92.93M | ★★★★★★ |
LaserBond (ASX:LBL) | A$0.58 | A$67.47M | ★★★★★★ |
SHAPE Australia (ASX:SHA) | A$2.99 | A$250.39M | ★★★★★★ |
Austin Engineering (ASX:ANG) | A$0.485 | A$300.77M | ★★★★★☆ |
IVE Group (ASX:IGL) | A$2.22 | A$346.95M | ★★★★☆☆ |
Helloworld Travel (ASX:HLO) | A$2.08 | A$340.29M | ★★★★★★ |
MaxiPARTS (ASX:MXI) | A$1.81 | A$101.78M | ★★★★★★ |
GTN (ASX:GTN) | A$0.55 | A$108.01M | ★★★★★★ |
SKS Technologies Group (ASX:SKS) | A$2.11 | A$226.38M | ★★★★★★ |
Click here to see the full list of 1,033 stocks from our ASX Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Alcidion Group
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Alcidion Group Limited, along with its subsidiaries, develops and licenses healthcare software products in Australia, New Zealand, and the United Kingdom, with a market cap of A$119.52 million.
Operations: The company's revenue is primarily generated from the provision of healthcare software solutions, totaling A$37.06 million.
Market Cap: A$119.52M
Alcidion Group Limited, with a market cap of A$119.52 million, is currently unprofitable but has a stable cash runway exceeding one year based on current free cash flow. Despite being debt-free and having an experienced board and management team, its short-term assets (A$18.5M) fall short of covering short-term liabilities (A$19.2M). The company trades at 43.5% below estimated fair value, offering potential upside if profitability improves. Earnings are forecast to grow significantly at 103.74% annually, though past losses have increased by 27.5% per year over five years, highlighting ongoing challenges in achieving profitability.
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Dive into the specifics of Alcidion Group here with our thorough balance sheet health report.
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Review our growth performance report to gain insights into Alcidion Group's future.
Biome Australia
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Biome Australia Limited focuses on developing, commercializing, and marketing live biotherapeutics and complementary medicines both in Australia and internationally, with a market cap of A$132.61 million.