What's the hottest penny stock right now?
"Red hot penny stocks" - perhaps the most common example - is used by tipsters to indicate they have identified cheap stocks which they believe will very shortly increase dramatically in value.
| Name | Price | Analyst Price Target |
|---|---|---|
| GOEV Canoo | $2.13 | $8.31 (290.14% Upside) |
| GRWG GrowGeneration | $2.83 | $3.70 (30.74% Upside) |
| SPWH Sportsman's Warehouse | $3.82 | $4.67 (22.25% Upside) |
| GRTS Gritstone Oncology | $0.97 | $5.60 (477.20% Upside) |
"Red hot penny stocks" - perhaps the most common example - is used by tipsters to indicate they have identified cheap stocks which they believe will very shortly increase dramatically in value.
| Name | Price | 3Y Return |
|---|---|---|
| Rattanindia Power Ltd | ₹9.40 | 265.38% |
| GTL Infrastructure Ltd | ₹1.80 | 133.33% |
| Vikas Lifecare Ltd | ₹5.35 | 108.66% |
| FCS Software Solutions Ltd | ₹4.30 | 485.71% |
| Symbol | Company Name | Change |
|---|---|---|
| KTRA | Kintara Therapeutics Inc. | 0.0636 / 63.3500% |
| CISS | C3is Inc. | 0.0099 / 24.2100% |
| NKLA | Nikola Corporation | -0.0818 / -8.4000% |
| EGOX | Next.e.GO N.V. | 0.0079 / 30.3800% |
- $Meten(METX.US)$
- $Exela Technologies(XELA.US)$
- $ProQR Therapeutics(PRQR.US)$
- $Cybin(CYBN.US)$
- $Statera Biopharma(STAB.US)$
- $Sonnet BioTherapeutic(SONN.US)$
- $Artelo Biosciences(ARTL.US)$
Finding a website that lists penny stocks is only a starting point. A good place to start is Wall Street Survivor's Investing Ideas page which lists various penny stocks. Another option is to use MSN's Stock Screener which allows you to filter stocks based on desired criteria like price per share.
- Sunshine Capital Ltd. ...
- Standard Capital Markets Ltd. ...
- G G Engineering Ltd. ...
- Globe Textiles (India) Ltd. ...
- Growington Ventures India Ltd. ...
- Aakash Exploration Services Ltd. ...
- Debock Industries Ltd. ...
- Kenvi Jewels Ltd.
| Company Name | LTP | % Change |
|---|---|---|
| Manali Petrochemicals | 72.35 | 0.56 |
| Dish TV India | 18.95 | -1.56 |
| Morepen Laboratories | 48 | -0.83 |
| NBCC (India) | 138.35 | 9.28 |
Some professionals recommend that you devote no more than 10% of your individual stock holdings to penny stocks. It's also important to understand your risk tolerance. Generally speaking, the higher your risk tolerance, the more equipped you are to take on the risk that can come with investing in penny stocks.
Which stock will boom in 2024?
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
- Taparia Tools Ltd. Castings, Forgings & Fastners.
- M Lakhamsi Industries Ltd. Trading.
- Comfort Intech Ltd. Alcoholic Beverages.
- Vivanta Industries Ltd. Miscellaneous.
- Family Care Hospitals Ltd. Healthcare.
Just like mid and large cap stocks, there is no limit to how high a penny stock can go. Many massive, well-established companies were once trading for less than $5 per share.
Penny stocks tend to be much riskier than other stocks.
Plus, they are often shares of unproven companies, where there's a very real risk of losing your entire investment. In other words, they simply are not worth buying for most people who want to invest in the market to take a reasonable risk and build wealth.
Check the Fundamentals
So when researching penny stocks, you should carefully weigh any potential gains versus fundamental factors underlying the company: its debt, cash flow, buyout potential, and Porter's Five Forces of Competition among others.
- NIO4.660.17% NIO Inc.
- NKLA0.990.10% Nikola Corporation.
- TVGN3.140.59% Tevogen Bio Holdings Inc.
- ALUR3.531.80% Allurion Technologies Inc.
- CADL2.791.11% Candel Therapeutics, Inc.
- GRRR0.950.22% Gorilla Technology Group Inc.
- LTNC0.010.00% Labor Smart, Inc.
- MJNA0.000.00% Medical Marijuana, Inc.
- NBCC (India) Ltd. ...
- TV18 Broadcast Ltd. Media & Entertainment.
- Rail Vikas Nigam Ltd. Infrastructure.
- IRCON International. Infrastructure, Engineering.
- NHPC Ltd. Hydroelectric Power.
- UCO Bank. Banking.
- Trident Ltd. Textiles, Paper, Yarn.
- IDFC First Bank. Banking, Financial Services.
- Jet.AI Inc. [NASDAQ: JTAI]
- Tilray Brands Inc. [NASDAQ: TLRY]
- Solidion Technology Inc. [NASDAQ: STI]
- Canoo Inc. [NASDAQ: GOEV]
- Akebia Therapeutics Inc. [NASDAQ: AKBA]
Investing $1 a day not only allows you to start taking advantage of compound interest. It also helps you to get comfortable with investing and develop the habit of putting your money to work for you. As you can see, that single dollar can make a huge difference in helping you to become more financially secure.
- Pick your own stocks. ...
- Know your numbers. ...
- Don't get greedy. ...
- Don't look back. ...
- Second-guess what you hear. ...
- Keep a long position. ...
- Follow the volume. ...
- Study the underlying company.
How do you find penny stocks before they explode?
Before a stock explodes, its stock chart will show telltale signs like increased trading volume, specific patterns, and a strong trend reversal. Understanding technical analysis will help you trade penny stocks by giving you price levels to buy and sell strategically.
Know your risk tolerance, find a suitable broker, perform due diligence and join a stock community to help you mitigate risk. You can make money on penny stocks by limiting exposure, treating them as short-term investments, buying those that have high liquidity, paper trading and more.
- Stock to buy today: Unichem Laboratories (₹454.70): BUY.
- Stock to buy today: NCC (₹170.70): BUY.
- Stock to buy today: EIH (₹265.55): BUY.
- Stock to buy today: VIP Industries (₹652.90) – BUY.
- Stock to buy today: Star Cement (₹165): BUY.
- Stock to buy today: Sunteck Realty (₹450.60): BUY.
- Stock to buy today: KPR Mill (₹776): BUY.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Ksolves India | 1149.05 |
| 2. | Life Insurance | 992.75 |
| 3. | Remedium Life | 119.95 |
| 4. | Tips Industries | 470.40 |
The most inexpensive way to purchase company shares is through a discount broker. A discount broker provides little financial advice, while the more expensive full-service broker provides comprehensive services like advice on stock selections and financial planning.
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