With a penny stock, you can hit a jackpot. The challenge is how will you know the high-profitable penny stocks. Penny stocks are stocks that are traded for less than $5 per share. In other words, these penny stocks are cheap compared to stocks of big companies.
Also, they are associated with fledgling companies with limited media exposure and no proven track record. As a result, trading volumes are lower than established stocks, and the possibility for increased volatility is there too.
Statistically, the average Return on Investment (ROI)for stocks over the past 10 years hovers around 9.2%. This is according to Goldman Sachs data.
Though penny stocks are generally seen as amateurs stock trading, there are plenty of lucrative penny stocks to invest in.
This article gives a list of the 25 best penny stocks you can buy today. With the insight you will get from reading this, you can make a wise decision.
The table of contents below gives an overview of all the stocks.
What are Penny Stocks?
Penny stocks are small enterprise shares that can be traded for less money than big enterprise shares. Penny stocks can be sold on SEC-regulated or over-the-counter exchanges.
They have high volatility so there is a tendency for high profit when trading. Similarly, the high volatility also means that it’s possible to lose too.
As a result, investors tend to be more attracted to the stock trading. However, due to the ease at which it can be manipulated, it has been subjected to fraud and artificial price inflation.
The most common fraud is known as the ‘pump and dump” scheme. Here, there is false information about the issuing of stock by companies, which results in to increase in stock price. This information is disseminated by marketers with shares of a particular security.
Note, Penny stocks are also called by many names, such as micro caps, small caps, stocks under $5, and more.
What are the features of Good Penny Stocks to buy Today?
In considering what penny stocks to buy today, first have in mind that not every penny stock brings profit. Though it involves risk, to predict great penny stocks to buy today that could good investment, check out for the following qualities;
High Trading Volume
Good penny stocks must have a high daily trading volume. That means, any penny stock you want to buy, make sure there is a large market you can easily sell it off to whenever you want. You can scout for penny stocks with trading volumes high using a stock screener.
Get stocks on major exchanges
Look out for stocks sold on the major exchanges, like the NYSE or NASDAQ. Normally, stocks on these exchanges, are 98% legit because they must have passed the minimum requirements set by the Securities Exchange Commission.
Finally, Get stocks with positive earnings per share
Profits per share (EPS) are equal to the company’s actual earnings measured by the current number of shares outstanding. Where appropriate, search for a share with a favorable EPS value—this means that the business is actually profitable.
What are the levels of great penny stocks to buy today?
Penny stocks have four different levels.
- First level Penny Stocks: These stocks can be found on the major exchanges: NASDAQ and the New York Stock Exchange. Their prices are usually from $5 per share down and they are not always open to manipulation.
- Second Level Penny Stocks: Penny stocks at this level are usually between 1%-99%. They are known as traditional penny stocks.
- Third Penny Stocks: Penny stocks per share here are below one penny. They are not strong enough and they can be easily manipulated.
- Fourth Level Penny Stocks: These are triple zero stocks, which means they are priced between 0.0001 and 0.0009 cents per share.
Having understood the levels of penny stocks, let’s now delve into the mean gist for the day.
What are the Best Penny Stocks to Buy Today?
Below is a list of penny stocks with dividends you can buy today:
#1. ElectraMeccanica Vehicles (NASDAQ:SOLO)
If you are looking for a penny stock to go for this year, ElectraMeccanica Vehicles is one of the best penny stocks you can buy.
This SOLO stock offers huge potential in the space. As of 2nd December, the SOLO stock has a high trading volume of 22,881,374 and a Market Cap of 547.822M.
#2. Ever-Glory International Group Inc.
Ever-Glory International Group Inc. is a corporation that operates with its subsidiaries to sell retail clothing to Asia, Europe, and the United States.
The business works in both the retail and wholesale segments of the textile market which makes it very comprehensive. Ever-Glory International stock is among the penny stocks with dividends that are high.
On December 2nd, the shares of EVK’s stock increased by about 7 percent during intraday trade until they increased by another 112 percent in hours.
#3. Silvercorp Metal (NYSEMKT: SVM)
Gold has been getting a lot of love as a safe haven security these days. But don’t count the silver out of here. The price of precious metal has increased by 16% in the last year—and is still rising.
Silvercorp Metal is one of the best penny stocks to buy. As with many junior miners, SVM trades as a penny stock.
However, Silvercorp Metals operates four silver/lead/zinc mines in an area encompassing the SGX, HPG, TLP and LM mines (the Ying Mining District), owned through its 77.5% and 80% Chinese subsidiary companies, respectively.
Note, it has a trading volume of 1,193,382, a market cap of 1.082B.
#4. Husky Energy (OTCMKTS: HUSKF)
Husky Energy, Inc. is a multinational integrated energy corporation founded in 1938. It works in two segments: upstream and downstream.
The upstream section covers the discovery and growth and extraction of crude oil, bitumen, natural gas and natural gas liquids.
The downstream section applies to the upgrade of heavy crude oil feedstock to synthetic crude oil in Canada. It also entails the refining of crude oil, the sale of refined and natural goods.
As of 1st December, this stock is traded at HUSKF at $4.2600 +0.2000 (+4.93%). The share volume is 31,905 and the market Cap is 4.264B.
#5. Coty inc. (NYSE: COTY)
Coty Inc. is an American international cosmetics company founded by François Coty in 1904.
With its subsidiaries, it produces, designs, markets and distributes fragrances, cosmetics, skin care, nail care and technical and retail hair care products.
As of 2018, Coty owns about 77 labels. and also spinning off several divisions as part of a $4.3 billion investment deal with global equity firm KKR (NYSE:KKR). Note, the last COTY price was 7.39.
#6. Zovio Inc. (NASDAQ: ZVO)
Zovio, Inc. offers post-secondary education programs. It provides online programs such as modern college experience by Ashford University and RockiesSM University.
Its programs also provide smartphone and other learning tools for students. The business was founded in May 1999 by Wayne Clugston and Andrew S. Clark and is headquartered in San Diego, CA.
Zovio has a previous close stock of $3.93, a market cap of 126.63M, and a total of 32.18m shares. The current price is 3.77.
#7. Revive Therapeutics (OTCMKTS: RVVTF)
Revive Therapeutics Ltd. is one of the top penny stocks to buy today. It deals in the discovery, production and commercialization of new medicinal cannabis and cannabinoid medication treatments and innovations.
It provides Relicann, a patented cannabidiol-based hemp chewing gum for wellbeing and wellness.
Its innovative cannabinoid delivery system focuses on diseases and conditions such as pain, inflammation, and wound care.
Note, Revive Therapeutics Ltd stock price on 2nd December was $0.1950. It has a market cap of $26.58M and an average volume of 2.05M.
#8. Grupo Supervielle S.A. (NYSE: SUPV)
Grupo Supervielle S.A. is an Argentine-based universal financial services company. The Company offers retail and corporate banking services globally.
It also provides treasury, consumer finance, insurance, asset management and other products and services a broad customer base.
SUPV stock offered by this company at the NYSE exchange market has a Market Cap of 352.3M, and a volume of 33,676. As of 10:03 AM EST. December 3rd, 2020, the market Close at 2.0500.
#9. Harte-Hanks, Inc. (NYSE: HHS)
Harte-Hanks stock is among the best penny stocks to buy today. Founded in 1923, the company is committed to providing marketing solutions.
However, it specializes in consulting, data analytics, creative services, digital and social media, marketing strategies, marketing technologies and other related services.
Moreso, tt supports a wide range of customers in the fields of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance and retail.
The company was and is headquartered in San Antonio, Texas. On December 2nd, Harte-Hanks share price was $2.69. It has a volume of 12,500, a Market Cap of 17.33M, and a previous price of $2.75.
#10. TAT Technologies Ltd. (NASDAQ: TATT)
TAT Technologies is one of the new companies to buy penny stocks today. This is because it has a relatively new penny stock with stock prices just recently dipping below $5 per share.
Basically, TAT Technologies Ltd. is a publicly traded Israeli company founded in1969. It provides products and services for the aerospace and military markets.
According to finance.yahoo.com, its previous closed share as of December 2nd is 4.4900. It has a market cap of 39.975M, an open share of 4.4500, and a shared Volume of 1,859.
#11. Rayonier Advanced Materials Inc. (NYSE: RYAM)
Still searching for where to get penny stock? Rayonier has great penny stocks you can buy today. Rayonier Advanced Materials is an American chemical company that deals in cellulose-based products.
The company manufactures high-purity paperboard, paper, lumbar, and cellulose. Some top investors see this company as boring, report has shown that less-than-exciting industries such as funeral homes, casket makers, and rendering plants are typically performing well because many investors overlook them.
On 2nd December, the market price was $7.72 against its previous close market of 7.26. It has a Market Cap of 466.853M and a Volume of 49,826.
Note, Earnings Date of these company’s penny stocks is Feb 22 – 28, 2021.
#12. Endologic, Inc. (NASDAQ: ELGX)
Endologic, Inc. ELGX is another penny stock in the list of our best penny stocks to buy today. It is sold on NASDAQ stock market.
Basically, Endologix as one of the new companies to buy penny stocks was founded in 1992. It is focused on developing, manufacturing, and selling medical devices. The devices are used in treating abdominal aortic aneurysms worldwide.
The company offers minimally invasive endovascular aneurysm repair (EVAR), VELA Proximal Endograft, and the Ovation abdominal stent graft system.
It also offers endovascular aneurysm sealing system (EVAS) product.
On 3rd December, ELGX stock price was $0.22. It has a market volume of 7,798,100 and a market cap of 371.83K. Note, the next Earnings Date is Feb 24, 2021.
#13. O2Micro International Limited (NASDAQ: OIIM)
OIIM Stocks provided by O2Micro International Limited is another good short-term penny stock to buy today.
The provider O2Micro International Limited is a company that designs, develops, and markets integrated circuits and solutions for power management components and systems.
Its products are in China, the United States, Taiwan, Japan, Malaysia, Korea, Singapore, and internationally.
However, the price of OIIM Stocks at NASDAQ market as of 3rd December 2020 is $6.45. The market open price is 6.60, and the previous close price was 6.49. Also, it has a market share volume of 63,415 and a Market Cap of 175.15M.
#14. Inuvo (INUV)
Inuvo offers software for industry research. The business uses artificial intelligence to evaluate marketing campaigns and funded content in order to establish tailored advertisement strategies.
Inuvo’s latest cloud-based Intent Cloud technology could inevitably draw investors’ interest, provided that the company recently announced that it allows customers to process business data 300 percent faster than conventional processing methods at less than half the cost.
#15. Pareteum Corporation (NASDAQ: TEUM)
TEUM at NASDAQ market is one of the good penny stocks to buy today. This stock is not recommended for new or novice traders due to its current hyper-risk and potentially alarming position.
When a seller capitulates or gives up on a stock, it presents a unique opportunity for a more advanced investor.
There are many moving parts involved in the capitulation, including a drastic surge in exchange volume as shares crumble, which was not the case for TEUM.
On December 3rd, 2020, the price was 0.368. It had a previous close price of 0.3585 and an open price of 0.4000. Note, the market cap according to finance.yahoo.com was 50.53M and a volume of 215,326.
#16. Waitr Holdings Inc. NASDAQ: WTRH
Waitr Holdings Inc., due to its role in the industry is considered to be a covid penny stock to watch. The company provides online food ordering and delivery services.
While it competes with some of the world’s leading companies, Waitr Holdings has found its way into the industry.
On 2 December, shares of WTRH’s stock rose by as much as 11 percent, including after hours of trading. However, the shares of WTRH are up by almost 1000 percent.
#17. Noble Corp. (NE)
Noble is another oil and gas stock dealing in offshore exploration. Noble shares have been down 98% for the last five years.
But with the stock now trading about 30 cents, market players can see it as worth the chance. Glickman predicts Noble’s revenue will plunge by 29 percent this year but will rise by 8 percent in 2021 thanks to the company’s contracts with ExxonMobil (XOM) for offshore drilling in Guyana.
#18. Denbury Resources (DNR)
Denbury Resources is a U.S.-based oil and gas exploration and development firm. The Gulf Coast and the Rocky Mountain. Oil rates have rebounded sharply from record lows earlier this year.
CFRA analyst Stewart Glickman claims Denbury’s high leverage ratio poses a major danger for buyers, and the oil sector will appear to be under pressure in the near future.
#19. Chesapeake Energy (NYSE: CHK)
Chesapeake Energy is among the new companies to buy penny stocks in today. The company sells CHK stocks at NYSE exchange market.
Shares in Chesapeake Energy have risen by 97% over the last year.
There are two reasons driving this sale-off. Second, oil and gas prices have plunged due to significant oversupply, which has eaten into Chesapeake’s cash flow and impacted on the valuation of its stock.
This leaves it virtually difficult for the company to control its debt.
#20. IZEA Worldwide, Inc. (IZEA)
IZEA Worldwide uses web tools to create personalized content. They also simplify influenced marketing in an attempt to help agencies and marketers scale their marketing campaigns.
The platform can monetize existing content, promote collaborations, and link marketers with influencers so that supported posts can be planned.
The company won the Deloitte Technology Fast 500 in 2017 and 2018 and now has a market capitalization of just over $19 million.
#21. Northwest Biotherapeutics Inc.
Northwest Biotherapeutics Inc. stock is among the penny stocks with dividends. It’s an organization that operates at the production level of the pharmaceutical industry.
The organization says that it is focusing on creating a wide variety of immunotherapy that can be used to cure cancer.
On 2 December, shares of NWBO’s stock rose by about 9 percent, even after hours of trading. Over the last six months, NWBO’s portfolio has returned nearly 350 percent to its investors.
One of the key reasons for the recent involvement of the bull in the business is its 14-year trial, which tests its DCVax-L treatment.
#22. Party City Holdco Inc.
Party City Holdco Inc. is another unexpected champion on the 2nd of December.
During the trading day, the shares of PRTY’s stock were up by 6.5 percent. In the last six months, PRTY shares have risen by almost 270 percent.
In certain ways, Party City serves as a designer and manufacturer of numerous party supplies for sale in the U.S. The business operates in both the wholesale and retail supply industry.
#23. MedMen Enterprises (ticker: MMNFF)
MedMen Enterprises is a US cannabis retailer based in many states, including California, Illinois, Nevada and Florida.
There are a lot of analysts and investors out there who see cannabis as a potentially large opportunity for long-term growth, and MedMen might have a big payoff.
#24. Actinium Pharmaceuticals (ATNM)
Actinium Pharmaceuticals is a research corporation devoted to the production of Antibody Radiation-Conjugates, or ARCs, which incorporates the ability of antibodies to target with the ability of radiation to destroy cells.
However, Biotech firms usually burn through cash during drug growth, aiming for potential clearance from the U.S. Meat and Drug Administration in Canada.
#25. CaixaBank (OTC: CAIXY)
CaixaBank is a financial company with a long-term universal banking model that is based on quality, trust, and specialization. The company provides its customers with the best tools and advice.
However, the banking stock has a market cap of $11 billion, and an annual dividend of $0.03 per share. It also has high liquidity and trades over 417,000 shares per day.
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