The Best Penny Stocks in the Market: An Update
Are you still on the fence about investing in the penny stock market that you are not sure which one you should go for? Before you learn more about the best penny stocks, you have to know what they are first.
Penny stocks are basically one of the best ways for you to have an income growth. Unlike traditional stocks, the price per share for penny stocks is lower. In essence, you are not required to have a huge sum of money before you can be allowed to invest in penny stocks. Aside from that, penny stocks are common shares. This means that they are very easy to purchase.
But then, how do you know which penny stocks you should buy? Reading this article is the key. Knowing which penny stocks to buy should not be that difficult if you just tune in and read until the end. Make sure to read this one to learn more about them.
One of the most rapidly growing companies in the industry that is financially stable is One Stop Systems. You will be more than surprised to know that their hyper-volatile shares are getting prices that are undervalued. The business is all about creating and designing different computer components and systems.
One Stop Systems had a trade value of $3.90 per share just a while ago. Less than half this rate is how current trading of the company is doing.
Though One Stop Systems is just a small company, its annual revenue is more or less $37 million and their market cap is $27 million. On a per-day basis, 120,000 shares are being traded.
To learn more about penny stock investing in this company, you have to hire the services of a professional broker. Nonetheless, you can also use a brokerage calculator guide.
Second on the list is Cidara Therapeutics that is a biotech company specializing in treating infectious diseases. Currently, they are in the works of a Phase 3 clinical trial for the treatment of candidemia. In the coming months, is Cidara Therapeutics penny stocks should gain some momentum. Check this out to learn more about the trial.
And last, you have Axsome Therapeutics that offer promising penny stocks. It is one of the top performers in penny stocks in the recent year with an amazing 215% increase.
Just a while back, the stock has landed more than 200 %. This was right after the company disclosed that they are working on Phase 2 of their clinical trial associated with major depressive treatment. Even after the recent high, current news shows that Axsome has only gone down to about 14% from the just recent high. Be sure to check this link to learn more about these stocks.
A broker can still help you in knowing the latest buzz in penny stocks and what you can do to maximize your profit potential.