US Penny Stocks To Watch In December 2024

In This Article:

As the U.S. stock market navigates a volatile landscape marked by benign inflation data and fluctuating interest rate expectations, investors are keenly observing opportunities across various sectors. Penny stocks, though often associated with speculative ventures, can offer unique value when supported by strong financials and growth potential. This article will explore three penny stocks that stand out for their robust financial health, presenting intriguing possibilities for investors seeking under-the-radar companies with long-term promise.

Top 10 Penny Stocks In The United States

Name

Share Price

Market Cap

Financial Health Rating

Inter & Co (NasdaqGS:INTR)

$4.04

$1.73B

★★★★☆☆

BAB (OTCPK:BABB)

$0.893925

$6.49M

★★★★★★

QuantaSing Group (NasdaqGM:QSG)

$3.08

$105.8M

★★★★★★

Imperial Petroleum (NasdaqCM:IMPP)

$2.76

$84.32M

★★★★★★

Pangaea Logistics Solutions (NasdaqCM:PANL)

$4.99

$236.39M

★★★★★☆

Golden Growers Cooperative (OTCPK:GGRO.U)

$4.50

$67.38M

★★★★★★

Permianville Royalty Trust (NYSE:PVL)

$1.44

$47.69M

★★★★★★

Smith Micro Software (NasdaqCM:SMSI)

$0.95

$17.08M

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$0.82

$71.95M

★★★★★☆

Safe Bulkers (NYSE:SB)

$3.50

$382.26M

★★★★☆☆

Click here to see the full list of 742 stocks from our US Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Senmiao Technology

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

Overview: Senmiao Technology Limited operates in the automobile transaction and related services sector in the People's Republic of China, with a market cap of $9.26 million.

Operations: The company generates revenue primarily from its automobile transactions and related services segment, totaling $3.57 million.

Market Cap: $9.26M

Senmiao Technology Limited, with a market cap of US$9.26 million, faces challenges typical of penny stocks. Its revenue from automobile transactions was US$3.57 million, but recent earnings show a decline in sales to US$0.75 million for the second quarter compared to the previous year. The company is unprofitable, with net losses increasing over five years at 0.4% annually and shareholders experiencing dilution recently as shares outstanding grew by 9.9%. Despite having more cash than debt and an experienced management team, its short-term liabilities exceed assets by US$3.4 million, indicating financial strain ahead.

NasdaqCM:AIHS Debt to Equity History and Analysis as at Dec 2024
NasdaqCM:AIHS Debt to Equity History and Analysis as at Dec 2024

MediciNova

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

Overview: MediciNova, Inc. is a biopharmaceutical company that develops novel and small molecule therapeutics for serious diseases with unmet medical needs in the United States, with a market cap of $105.45 million.