Do you have plans of investing your hard-earned money in penny stocks but do not know where to begin? Understanding penny stocks, though, is the first thing that you should do to learn more about navigating this lucrative market.
When you want to income to increase in numbers, then you should consider investing in penny stocks. 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. It is important to note that penny stocks are also known as common shares. This implies that they are very easy to buy.
But then, how do you know which penny stocks you should buy? Reading this article is the key. Here you will find the most updated list of the best penny stocks in the current market. 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. This is a popular company for manufacturing and designing of computer components and systems.
A while ago, One Stop Systems were trading shares at $3.90 each share. Right this instant, they are now trading at less than half this rate.
Even if One Stop Systems is a small company, it makes $37 million and $27 million in annual revenue and market cap, respectively. On a per-day basis, 120,000 shares are being traded.
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.
Another source of penny stocks is the biotech company called Cidara Therapeutics that focuses on the treatment of infectious diseases. 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. To learn more about the study, click here.
And last, you have Axsome Therapeutics that offer promising penny stocks. With an increase of 215{8a111b8e87d2217e89ca18cf9006e3f7691622cb9f11e03b1e2f936e3486f2aa} in penny stocks, this company remains as one of the best-performing companies in penny stocks.
Just recently, more than 200{8a111b8e87d2217e89ca18cf9006e3f7691622cb9f11e03b1e2f936e3486f2aa} of the stock was rallied. 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{8a111b8e87d2217e89ca18cf9006e3f7691622cb9f11e03b1e2f936e3486f2aa} from the just recent high. To learn more about calculating your stocks, check this.
If you are still new with the whole process, you can always go back to your broker and seek their help so you can improve your profit.