US Penny Stocks To Watch In November 2024

In This Article:

As the U.S. markets experience a surge led by a tech sector rally, investors are keenly observing developments in anticipation of the presidential election results. Amidst this backdrop, penny stocks remain an intriguing investment area, despite their somewhat outdated name. These smaller or newer companies can offer surprising value when backed by solid financial health, providing opportunities for growth and potential returns.

Top 10 Penny Stocks In The United States

Name

Share Price

Market Cap

Financial Health Rating

BAB (OTCPK:BABB)

$0.7995

$5.81M

★★★★★★

QuantaSing Group (NasdaqGM:QSG)

$3.08

$170.21M

★★★★★★

RLX Technology (NYSE:RLX)

$1.61

$2.06B

★★★★★★

LexinFintech Holdings (NasdaqGS:LX)

$3.58

$603.4M

★★★★★★

Commercial Vehicle Group (NasdaqGS:CVGI)

$2.40

$99.68M

★★★★☆☆

Golden Growers Cooperative (OTCPK:GGRO.U)

$4.50

$69.71M

★★★★★★

MIND C.T.I (NasdaqGM:MNDO)

$1.88

$39.56M

★★★★★★

Permianville Royalty Trust (NYSE:PVL)

$1.56

$51.48M

★★★★★★

PHX Minerals (NYSE:PHX)

$3.46

$128.99M

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$1.12

$99.38M

★★★★★☆

Click here to see the full list of 756 stocks from our US Penny Stocks screener.

Let's uncover some gems from our specialized screener.

ThredUp

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: ThredUp Inc. operates an online resale platform for secondhand clothing in the United States and internationally, with a market cap of approximately $60.09 million.

Operations: ThredUp Inc. does not report specific revenue segments.

Market Cap: $60.09M

ThredUp Inc., with a market cap of US$60.09 million, faces challenges typical of penny stocks, including volatility and financial instability. The company remains unprofitable, with increasing losses over the past five years and a negative return on equity. Recent earnings show a net loss for Q3 2024 at US$24.77 million, up from the previous year. Despite sufficient cash runway for over three years if current trends continue, ThredUp received deficiency notices from Nasdaq and LTSE due to its stock price falling below US$1 per share, risking delisting unless compliance is regained by March 2025.

NasdaqGS:TDUP Financial Position Analysis as at Nov 2024
NasdaqGS:TDUP Financial Position Analysis as at Nov 2024

BRC

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: BRC Inc. operates in the United States by purchasing, roasting, and selling coffee, coffee accessories, and branded apparel, with a market capitalization of approximately $672.27 million.

Operations: BRC Inc. does not have any reported revenue segments.

Market Cap: $672.27M