What's a good penny stock to buy?
Taboola (TBLA): Exceeded Q4 earnings with optimistic 2024 growth. Adaptive Biotechnologies (ADPT): MRD revenue growth positions it for a rebound. Grab Holdings (GRAB): Expanding digital banking and AI investments for profitability.
Ticker | Name |
---|---|
CLVR | Clever Leaves Holdings |
LFLY | Leafly Holdings, Inc. |
ACB | Aurora Cannabis |
BW | Babco*ck & Wilcox Company |
- Shanthi Gears. 554.05. 55.90. 4250.44. 0.90. 17.43. -0.63. 125.54. 9.50. 32.14. 63.31. 33.76.
- Vadilal Inds. 4343.55. 21.23. 3123.01. 0.03. 9.24. 199.46. 174.26. 21.54. 25.56. 69.27. 47.74.
- Shivalik Bimetal. 519.35. 40.03. 2991.67. 0.23. 15.92. -12.77. 112.17. 4.31. 37.66. 109.11. 41.68.
Taboola (TBLA): Exceeded Q4 earnings with optimistic 2024 growth. Adaptive Biotechnologies (ADPT): MRD revenue growth positions it for a rebound. Grab Holdings (GRAB): Expanding digital banking and AI investments for profitability.
- Invitae Corporation (NYSE:NVTA)
- Nektar Therapeutics (NASDAQ:NKTR)
- Jasper Therapeutics, Inc. (NASDAQ:JSPR)
- Amarin Corporation plc (NASDAQ:AMRN)
- Chimerix, Inc. (NASDAQ:CMRX)
- Gossamer Bio, Inc. (NASDAQ:GOSS)
- Kezar Life Sciences, Inc. (NASDAQ:KZR)
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.
Stock Name | Market Cap | Closing Price |
---|---|---|
Chadha Papers Ltd | 8.93 | 8.75 |
Swastik Safe Deposit and Investments Ltd | 0.28 | 11.73 |
Gold Rock Investments Ltd | 0.86 | 11.02 |
Siddha Ventures Ltd | 10.24 | 10.24 |
Symbol | Company Name | Price |
---|---|---|
JAGX | Jaguar Health Inc. | 0.069 |
LCID | Lucid Group Inc. | 2.76 |
EGOX | Next.e.GO N.V. | 0.0386 |
IVP | Inspire Veterinary Partners Inc. | 0.045 |
Company | CMP (Rs) | Dividend Yield (%) |
---|---|---|
TAPARIA TOOL | 3.7 | 837.9% |
ELCID INVESTMENTS | 3.4 | 741.8% |
OCL INDIA | 1.9 | 270.3% |
SOUTHERN GAS | 22.7 | 220.5% |
- Rajnandini Metal Ltd.
- G G Engineering Ltd.
- Indian Infotech & Software Ltd.
- Genpharmasec Ltd.
- Accuracy Shipping Ltd.
- Goyal Aluminiums Ltd.
- Prakash Steelage Ltd.
- Tapari Tools Ltd.
Can you get rich off penny stocks?
Can you make money with penny stocks? Yes, you can make money with penny stocks, but you can also make money playing the lottery, though you probably won't. To make money in penny stocks, you have to be able to separate the good companies from the bad, and that means you have to be able to analyze companies.
Monster Beverages NASDAQ: MNST
In 2003, savvy investors could have scored Monster shares for as low as $0.25. Instead, this former penny stock has seen massive gains for investors that have continued to hold for the past decade, hence why they're a part of our famous penny stocks list.
- UnitedHealth Group Incorporated (NYSE:UNH) Number of Hedge Fund Holders: 104. Quarterly Revenue Growth: 14.10% ...
- JPMorgan Chase & Co. (NYSE:JPM) Number of Hedge Fund Holders: 109. ...
- Advanced Micro Devices, Inc. (NASDAQ:AMD) ...
- Adobe Inc. (NASDAQ:ADBE) ...
- Salesforce, Inc. (NYSE:CRM)
Once you find the stocks you want, buy where you think other traders will enter, know when to sell penny stocks, take quick profits, and adjust the stops for small gains that add up over time. You may get lucky and have a big win on occasion, but most of your money will come from these smaller trades.
The Bottom Line. Assuming you choose a reliable company, it is worth investing in one share of stock. Your money is more likely to grow in the stock market than in a savings account, and you may enjoy stock splits, dividends, and other developments that increase your wealth effortlessly.
- Open a brokerage account.
- Understand you're probably a speculator, not an investor.
- Start small and diversify.
- Beware penny stock scams.
- Check the volume.
- Be prepared to research.
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.
- 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.
Penny stocks come with high risks and the potential for above-average returns, and investing in them requires care and caution. Because of their inherent risks, few full-service brokerages even offer penny stocks to their clients.
STOCK | ACTION | TRADE PRICE |
---|---|---|
NATCOPHARM | BUY | 958 |
MOTHERSON | BUY | 117 |
BSOFT | BUY | 745 |
HINDCOPPER | BUY | 283 |
Which small share to buy today?
Company Name | LTP | % Change |
---|---|---|
OAL Oriental Aromatics Ltd | 298.05 | -1.6 |
CENTENKA Century Enka Ltd | 402.15 | 0.1 |
DICIND DIC India Ltd | 420.35 | -2.0 |
HEUBACHIND Heubach Colorants India Ltd | 436.4 | 2.1 |
S.No. | Name | P/E |
---|---|---|
1. | Ksolves India | 41.68 |
2. | Life Insurance | 14.36 |
3. | Remedium Life | 20.71 |
4. | Tips Industries | 49.41 |
S.No. | Name | CMP Rs. |
---|---|---|
1. | Brightcom Group | 13.80 |
2. | Axita Cotton | 20.90 |
3. | Ugar Sugar Works | 65.80 |
4. | Radiant Cash | 76.15 |
Quick profits: Very few traders own penny stocks because they believe in the company's long-term mission. Instead, it's a fast and cheap way to pile up profits, especially if you can locate pennies worth money. A well-timed penny stock trade can reap triple-digit gains in a very short time frame.
"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.