The Best Penny Stocks in the Market: An Update
Have you heard a lot of good things about penny stocks that you just do not know which one to choose? Understanding penny stocks, though, is the first thing that you should do to learn more about navigating this lucrative market.
If you want to grow your income, penny stocks are the way to go. Compared with your typical stocks, with penny stocks, your price per share is very low. In essence, you are not required to have a huge sum of money before you can be allowed to invest in penny stocks. Besides, penny stocks are also common shares. This, in turn, means that they are quite easy to purchase.
Even so, how will you determine if the penny stocks are a must-buy or not? This is the part where you can benefit from this article. Here you will find the most updated list of the best penny stocks in the current market. To learn more about them, be sure to read here.
One Stop Systems is currently a financially stable company that is expanding rapidly. The company has hyper-volatile shares that are just standing by at undervalued prices. This is a popular company for manufacturing and designing of computer components and systems.
One Stop Systems had a trade value of $3.90 per share just a while ago. Right this instant, they are now trading at less than half this rate.
Despite being a small company, their annual revenue is $37 million with a market cap of $27 million. About 120,000 trade shares take place per day.
You can talk to a broker to learn more about how much you will be earning from the penny stocks of this company. For estimates, you can also use a brokerage calculator tool.
Next, you can invest in penny stocks from the biotech company, Cidara Therapeutics, that deals with infectious disease treatment. A Phase 3 clinical trial is currently being done by the company for improving candidemia treatment. Depending on the results, is Cidara Therapeutics penny stocks are bound to get a good momentum in the months that will follow. Check this out to learn more about the trial.
Finally, you can make the most of your penny stock investments when you choose Axsome Therapeutics. It is considered as one of the best penny stocks in the industry with a growth rate of 215%.
Just recently, more than 200% of the stock was rallied. This increase has happened when the company has disclosed that they are in the middle of a Phase 2 trial for the treatment of major depressive state. Even after the recent high, current news shows that Axsome has only gone down to about 14% from the just recent high. For more information on these stocks, see here and learn more about them.
A broker can still help you in knowing the latest buzz in penny stocks and what you can do to maximize your profit potential.
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