December 2024 Penny Stocks On The US Exchange To Watch

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As the U.S. stock market navigates a week of critical inflation data, with major indices experiencing slight declines, investors remain keenly focused on potential opportunities in various sectors. Penny stocks, a term that may seem outdated but still resonates with those interested in smaller or emerging companies, offer intriguing possibilities for growth at lower price points. By identifying stocks with strong financials and solid fundamentals, investors can uncover hidden gems that might provide stability and potential upside amidst broader market fluctuations.

Top 10 Penny Stocks In The United States

Name

Share Price

Market Cap

Financial Health Rating

Inter & Co (NasdaqGS:INTR)

$4.43

$1.94B

★★★★☆☆

BAB (OTCPK:BABB)

$0.86

$6.25M

★★★★★★

QuantaSing Group (NasdaqGM:QSG)

$3.08

$144.14M

★★★★★★

Imperial Petroleum (NasdaqCM:IMPP)

$2.89

$87.66M

★★★★★★

ZTEST Electronics (OTCPK:ZTST.F)

$0.24

$8.83M

★★★★★★

Permianville Royalty Trust (NYSE:PVL)

$1.49

$49.17M

★★★★★★

Golden Growers Cooperative (OTCPK:GGRO.U)

$4.50

$69.71M

★★★★★★

Zynerba Pharmaceuticals (NasdaqCM:ZYNE)

$1.30

$65.6M

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$0.9113

$81.96M

★★★★★☆

Safe Bulkers (NYSE:SB)

$3.84

$410.03M

★★★★☆☆

Click here to see the full list of 700 stocks from our US Penny Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Arbe Robotics

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Arbe Robotics Ltd. is a semiconductor company that offers 4D imaging radar solutions to tier 1 automotive suppliers and manufacturers across various countries including China, the United States, and Germany, with a market cap of $147.26 million.

Operations: The company's revenue is derived from its Auto Parts & Accessories segment, totaling $1.02 million.

Market Cap: $147.26M

Arbe Robotics, with a market cap of US$147.26 million, operates in the semiconductor industry offering 4D imaging radar solutions. Despite having short-term assets of US$52.2 million that cover both its short and long-term liabilities, the company remains pre-revenue with sales of only US$0.669 million for the first nine months of 2024 and a net loss increasing to US$37.12 million from last year. Recent equity offerings have diluted shareholders but provided additional capital, extending its cash runway beyond previous estimates. The management team is experienced; however, profitability challenges persist as earnings remain negative despite forecasted growth in revenue for 2025.