Top 10 penny stock that’s good to buy now is as important as the opportunity that poses itself in front of you here in this content. Penny stocks leave the room to the financial breakthrough of individuals who are not capable enough to go for big companies wide open that you too may have the chance to trade shares on the over-the-counter transactions.
Going by the above idea, you can define penny stock as the common shares of small public companies that trade for less than one dollar per share. The term “Penny stock”, according to the U.S. Securities and Exchange Commission, means a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share.
Although the penny stock is volatile, it is inexpensive. Investors recognize the low market price of shares and its correlation to low market capitalization. Thus, it is easy for many investors and experts to purchase shares as many as possible with so much less to pay for them.
Top 10 Penny Stock That’s Good to Buy Now.
So, there are many companies that are efficiently doing well in terms of business sales and profits. Their revenue and total net worth in a year are pegging, and are therefore capable to make you a stinking rich individual through trading with penny stock! In the list of these industrial ventures that you can confidently trade with given their market capitalization, this article has picked the top 10 penny stock that’s good to buy now in this economic challenging period:
1. Pixelworks, Inc.
Pixelworks is in San Jose, California. The company provides video and pixel processing semiconductors and software. Going by its market capitalization which is worth a fortune, it is one of the top 10 penny stock that’s good to buy now.
2. OncoCyte Corporation
The total market capitalization worth of OncoCyte Corp. is $78.7 Million. The company is a medical enterprise that is centered on the discovery, development, and commercialization of novel, non-invasive, liquid biopsy diagnostics for the early detection of cancer. The company develops diagnostic tests based on liquid biopsies using blood or urine samples for detecting lung, bladder, and breast cancers. This is mostly where it gets its major revenue, and thus qualify to be among the top 10 penny stock that’s good to buy now.
3. Compugen Ltd.
a clinical-stage drug discovery and development company utilizing predictive computational discovery platform to identify novel drug targets and more. The company’s average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings. Thus, it is qualified to identify as one of the top 10 penny stock that’s good to buy now.
4. Finance of America Companies Inc
The company provides a diverse selection of lending products and services. Its products include home loans, reverse mortgages, commercial loans and lender services. Although a small company, it is one of those you can rely on for the efficient maximization of your profit.
5. Vizsla Silver Corp
Vizsla Silver Corp is a junior mineral exploration and development company focused on advancing its Panuco silver-gold project located in Sinaloa, Mexico. By calculation of its total float which is around 136.1 million USD, the company is top 10 penny stock that’s good to buy now.
6. SuperCom Ltd
As one of the top 10 penny stock that’s good to buy now, it is an Israel-based provider of traditional and digital identity solutions, advanced IoT and connectivity solutions, and cybersecurity products and solutions to governments and private and public organizations throughout the world. It also offers a wide range of solutions that include national ID registries, e-passports, biometric visas, automated fingerprint identification systems, etc. It has so far generated quite a lot of fortune as top 10 penny stock that’s good to buy now in the very past few years.
7. Safe Bulkers Inc.
Safe Bulkers provides, through subsidiaries, marine dry bulk transportation services. The company transports cargoes including coal, grain, and iron ore across worldwide shipping routes. Safe Bulkers reported Q2 2022 earnings on July 27 of this year as it net income climbed by 55.2% YOY on rising revenue.
8. Qurate Retail
Qurate Retail is a retail group, which has successfully included itself on the short list of the top 10 penny stock that’s good to buy now. It comprises different brands such as QVC, HSN, Frontgate, and Garnet Hill, among others. The company focuses on video commerce, ecommerce sites, and digital streaming. On Aug. 15, Qurate declared a quarterly cash dividend of $2.00 a share on its 8.0% Series A Cumulative Redeemable Preferred Stock. The dividend is payable Sept. 15 to shareholders as of Aug. 31, 2022.
9. Borr Drilling Ltd.
Borr Drilling is an international drilling contractor that is incorporated in Bermuda. It owns and operates jack-up rigs to serve the offshore oil and gas industry around the world. By market cap of $611.5 Million, it is worth to be identified as one of the top 10 penny stock that’s good to buy now.
10. UWM Holdings Corp.
UWM Holdings is a holding company operating through the subsidiary United Wholesale Mortgage LLC. Through this subsidiary, UWM is a major wholesale mortgage lender in the U.S., providing services across all 50 states and Washington, D.C. On Aug. 9, UWM released earnings results for Q2 2022. The company’s net income climbed by 55.3% YOY on rising total revenues.
