US Penny Stocks To Watch In November 2024
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As the U.S. equities market rebounds, with the S&P 500 and Nasdaq recovering portions of last week's losses, investors are keeping a keen eye on potential opportunities within various sectors. Penny stocks, while often considered a throwback to earlier trading days, continue to attract attention for their potential upside in today's market environment. These smaller or newer companies can offer significant growth prospects when backed by strong financials, providing investors with a chance to uncover hidden value.
Top 10 Penny Stocks In The United States
| Name | Share Price | Market Cap | Financial Health Rating |
| BAB (OTCPK:BABB) | $0.766 | $6.09M | ★★★★★★ |
| Golden Growers Cooperative (OTCPK:GGRO.U) | $4.50 | $69.71M | ★★★★★★ |
| QuantaSing Group (NasdaqGM:QSG) | $3.08 | $143.12M | ★★★★★★ |
| PHX Minerals (NYSE:PHX) | $3.56 | $139.05M | ★★★★★☆ |
| So-Young International (NasdaqGM:SY) | $1.25 | $90.58M | ★★★★☆☆ |
| Better Choice (NYSEAM:BTTR) | $1.75 | $3.19M | ★★★★★★ |
| Greenland Technologies Holding (NasdaqCM:GTEC) | $2.43 | $29.91M | ★★★★★★ |
| RLX Technology (NYSE:RLX) | $1.82 | $2.15B | ★★★★★★ |
| CBAK Energy Technology (NasdaqCM:CBAT) | $0.8363 | $84.72M | ★★★★★☆ |
| Zynerba Pharmaceuticals (NasdaqCM:ZYNE) | $1.30 | $65.6M | ★★★★★☆ |
Click here to see the full list of 749 stocks from our US Penny Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Grab Holdings
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Grab Holdings Limited operates as a superapp provider across Southeast Asia, offering services in transportation, food delivery, and digital payments in countries such as Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam; it has a market cap of approximately $19.05 billion.
Operations: Grab Holdings Limited does not report specific revenue segments, but it operates as a superapp offering transportation, food delivery, and digital payment services across Southeast Asia.
Market Cap: $19.05B
Grab Holdings Limited, a superapp provider in Southeast Asia, is currently unprofitable but has shown significant revenue growth potential. The company recently raised its full-year 2024 revenue guidance to between US$2.76 billion and US$2.78 billion, reflecting a positive outlook. Despite past shareholder dilution and a negative return on equity of -2.46%, Grab maintains financial stability with short-term assets of US$6.5 billion exceeding liabilities and more cash than debt. With an experienced management team averaging 2.8 years in tenure, Grab's free cash flow is positive, supporting a cash runway exceeding three years despite ongoing losses reduction at 43.1% annually over five years.
