US Penny Stocks To Watch In October 2024
In This Article:
The article highlights US penny stocks to watch in October 2024, focusing on companies with strong financial health and solid fundamentals. The top 10 penny stocks listed include companies from various sectors, such as technology, finance, and energy. Key takeaways include Cheetah Mobile's debt-free status but unprofitability, ATRenew's revenue growth guidance and comfortable cash position, and Waterdrop's profitability and robust financial health despite negative earnings growth. The article also notes that these stocks can offer compelling opportunities for growth at lower price points, but investors should be aware of potential challenges and volatility. Additionally, the article provides access to a US Penny Stocks screener, allowing investors to explore a list of 755 companies and make informed decisions.
As the U.S. stock market navigates a period of volatility, with major indices experiencing fluctuations following a series of earnings reports and rising Treasury yields, investors are keenly observing opportunities outside the traditional blue-chip stocks. Penny stocks, often associated with smaller or newer companies, continue to capture interest due to their potential for growth at lower price points. Despite being considered somewhat niche today, these stocks can offer compelling opportunities when backed by strong financial health and solid fundamentals.
Top 10 Penny Stocks In The United States
| Name | Share Price | Market Cap | Financial Health Rating |
| BAB (OTCPK:BABB) | $0.786075 | $5.8M | ★★★★★★ |
| RLX Technology (NYSE:RLX) | $1.63 | $2.06B | ★★★★★★ |
| LexinFintech Holdings (NasdaqGS:LX) | $3.33 | $517.9M | ★★★★★★ |
| ARC Document Solutions (NYSE:ARC) | $3.42 | $147.91M | ★★★★★★ |
| Permianville Royalty Trust (NYSE:PVL) | $1.57 | $51.81M | ★★★★★★ |
| Golden Growers Cooperative (OTCPK:GGRO.U) | $4.50 | $69.71M | ★★★★★★ |
| ZTEST Electronics (OTCPK:ZTST.F) | $0.21 | $8.33M | ★★★★★★ |
| Imperial Petroleum (NasdaqCM:IMPP) | $3.75 | $114.35M | ★★★★★★ |
| Better Choice (NYSEAM:BTTR) | $1.96 | $3.11M | ★★★★★★ |
| CBAK Energy Technology (NasdaqCM:CBAT) | $1.07 | $98.03M | ★★★★★☆ |
Click here to see the full list of 755 stocks from our US Penny Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Cheetah Mobile
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Cheetah Mobile Inc. and its subsidiaries provide internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally with a market cap of approximately $133.88 million.
Operations: The company's revenue is primarily derived from its Internet Business segment, which generated CN￥437.24 million, and its AI and Others segment, contributing CN￥272.59 million.
Market Cap: $133.88M
Cheetah Mobile Inc., with a market cap of approximately US$133.88 million, operates in the internet and AI sectors, generating revenue from its Internet Business and AI segments. Despite being debt-free and having short-term assets exceeding liabilities, the company remains unprofitable with losses increasing by 45.1% annually over five years. Recent earnings showed a reduction in net loss compared to last year but continued instability is evident through high share price volatility. Notably, shares have been diluted by 3.1% over the past year, reflecting potential challenges for investors seeking stability in this penny stock environment.
