Penny stocks have the potential to increase in value. High-growth industries such as IT, biotechnology, pharmaceuticals, AI, and allied fields include some of the most appealing penny stocks. Early investors who recognize the potential make a lot of money. Penny stock investing is generally reserved for those who are exceedingly risk averse. Advanced Micro Devices, Inc. held its initial public offering (IPO) in May 2016 at a price of $4 per share. The stock is presently trading at $90.90, with a market capitalization of $110.45 billion.
Here is Insider Monkey’s list of the 15 best penny stocks to buy now. Zosano Pharma Corporation is a company that specializes in the application of transdermal microneedle patch technology in novel ways. The business is actively doing research in order to support the resubmission of the QtryptaTM (zolmitriptan transmitrinal) NDA. Celsion Corporation stock is up 65 percent year to date. ThermaDox, the company’s flagship product, was discovered in 2013 and is used to treat liver cancer. It is actively developing GEN-1, its next revolutionary innovation. In the United States, Waitr Holdings Inc. specializes in on-demand food ordering and delivery services. To expand its footprint in Florida, the company recently signed an agreement with Delivery Dudes, a Florida-based food delivery company. With its breakthrough medicines, vtv Therapeutics Inc. is building a name for itself in the biopharmaceutical business. TTP399, the company’s type 1 diabetes medication, was recently designated as a breakthrough medicine by the FDA. Year-to-date, the stock is up 16 percent. Creative Realities, Inc. is ranked 11th. Digital marketing technology solutions, such as point-of-sale transactions and consumer engagement platforms, are provided by the company. It bought Allure, one of the largest manufacturers of digital signs and menu boards. Ideanomics, Inc. is ranked 10th. The company is well-known for promoting the adoption of commercial electric vehicles. Timios Holdings Corporation, a provider of title and settlement solutions, was acquired by the corporation earlier this year. Exela Technologies, Inc. is the 9th best penny stock to buy right now on our list. Workflow automation, digital mailroom, print communications, and business solutions are all offered by the organization. Exela’s stock is up 34% in the last three months and up 133 percent year to date. For more details, click 15 Best Penny Stocks to Buy Now.