Stock trading conjures images of millionaire brokers negotiating the purchase and sale of shares in Fortune 500 companies like AT&T (NYSE: T), Amazon (NYSE: AMZN), and Tesla (NASDAQ: TSLA) (NASDAQ: TSLA).
But you don’t need millions of money sitting in your brokerage account to trade like a pro.
Of course, the finest penny stocks are sought after by everyone, but few people are willing to put in the time and effort necessary to locate them.
Penny stocks, also known as “micro-cap” or “nano-cap” stocks, are low-priced stocks that represent businesses with a relatively modest market capitalization.
These stocks are often priced at less than $1 a share, making them more affordable for novice investors or those with limited resources.
Here are some of the best stocks under $1 to buy right now.
Penny Stocks: what are they?
Investors sometimes refer to stocks trading for less than $1 a share as “penny stocks.” Stocks selling for a cent seldom see the volume of their more expensive rivals.
Benefits of investing in cheap stocks?
The following are some of the benefits of investing in penny stocks under $1.
- Penny stocks often go for a lesser price after they are sold out. You may perhaps get $5 for each penny share. In other words, this is a great investment opportunity for first-time financiers. Spending a ton of money is not necessary huge get insight into how to make money in the stock market.
- They are easy to purchase. There are several companies available to the public that trade penny stocks. Again, careful consideration in selecting a trustworthy company that can assure positive outcomes is helpful.
- The lower cost of penny stocks makes bigger purchases possible. Doubling up on your purchase in the next phase is possible if you’re confident in generating even better returns from your penny stock investment. Finally, Penny stocks are a lifesaver for novice investors who lack a firm knowledge of the market’s fundamentals.
- A modest sale price should be considered to reduce the potential for severe financial loss. Possible use to the first-time buyer of a penny stock. If risk materializes, investors need to be alert to a few red flags to determine whether they should pull money out of the stock market.
Top 33 Penny Stocks to Buy Today
1. Lucero Energy
Located in the heart of the Williston Basin in North Dakota, Lucero Energy Corp. is an independent oil firm focused on the Bakken and Three Forks formations. Once known as PetroShale Inc., the firm officially changed its name to Lucero Energy Corp. in May of 2022.
2. Tekcapital PLC (OTCMKTS: TEKCF)
Tekcapital is a venture capital firm that finances academic research and offers innovative services. Tekcapital’s business model is split into two divisions—professional services and investment activities—and it owns a well-known firm, Salaries, which manufactures MicroSalt. This salt can flavor your dish with less sodium without sacrificing taste. Established in 2014, the corporation calls London home for its administrative hub.
3. Cidara Therapeutics, Inc.
U.S.-based biotech firm Cidara Therapeutics, Inc. researches and develops extended-release antimicrobials for use in cancer therapy and the prevention of infectious illness. Invasive fungal diseases such as candidemia and invasive candidiasis have a high death rate, and the company’s flagship product candidate is rezafungin acetate, a new chemical in the echinocandin family of antifungals.
4. Dynatronics (NASDAQ: DYNT)
They advertise and distribute their wares to chiropractors, physiotherapists, physical therapists, physicians, hospitals, and other medical establishments involved in chiropractic care, athletic training, and sports medicine. It’s convenient for hospitals and other medical facilities to purchase with them since they have everything they need in one convenient location, plus they offer competitive pricing. Their cost varies anywhere between $1 and $1.56.
5. Sientra
Medical aesthetics firm Sientra, Inc. develops and markets products for domestic and foreign markets. Sientra Round, Sientra Teardrop, AlloX2, Dermaspan, Softspan, and BIOCORNEUM are some of the brands under which the company sells silicone gel breast implants, breast tissue expanders, and scar management products used in breast augmentation and breast reconstruction treatments.
6. Trivago, N.V. (NASDAQ: TRVG)
Trivago provides 32-language internet and app access to its over 5 million hotels database. Hotel guests may do all of their research and book on this German website.
Trivago operates by collecting information on hotels from various external sources before presenting you with details like pricing, location, and user reviews. As a result, their shares, which can be purchased for between $0.80 and $1, are a solid investment.
7. Unity Biotechnology
Unity Biotechnology, Inc. is a biotechnology firm that focuses on discovering and developing treatments for age-related illnesses. The company’s primary focus is on developing treatments for age-related eye illnesses such as diabetic macular edema, age-related macular degeneration, and diabetic retinopathy. Its primary medication candidate, UBX1325, is now in Phase II clinical study.
8. Histogen, Inc. (NASDAQ: HSTO)
Most of the time, the price of Histogen will be between $0.70 and $1. Traders like putting money into it and keeping a close eye on it due to its volatility. Considering the current focus on viral therapies, it’s reasonable to predict that HSTO supplies will grow as a result of the potential benefit to COVID-19 patients from their treatment.
9. Applied Genetic Technologies
Clinical-stage biotechnology firm Applied Genetic Technologies Corporation creates game-changing genetic medicines for individuals with uncommon and severe disorders. It has three ophthalmic development projects spanning two targets, with one focusing on X-linked retinitis pigmentosa and the other on achromatopsia, both of which are now in Phase I/II clinical studies.
10. Biolase (NASDAQ: BIOL)
The stock price of Biolase has recently gone up, and many market observers believe you may make a tidy return by investing in the company. However, you won’t believe the 30% increase in its stock price over the last several months. It has sold over 41,200 laser systems in over 90 countries and has patents on more than 270 technologies.
11. Syros Pharmaceuticals
Biopharmaceutical firm Syros Pharmaceuticals, Inc. aims to combat cancer and monogenic illnesses by creating therapies and a pipeline of gene control drugs. Tamibarotene, a selective retinoic acid receptor alpha agonist, is the company’s primary product candidate. It is now being tested in clinical trials for a genomically defined subgroup of patients with myelodysplastic syndrome and patients with acute myeloid leukemia in Phase II.
12. IMAC Holdings (NASDAQ: IMAC)
IMAC Holdings is a Tennessee-based company that opened its first facility in Brentwood the same year. Its 16 outpatient clinics are located in the states of Florida, Kentucky, Illinois, and Missouri. Its lowest price is approximately $0.90, which has risen to a high of $2.27. Therefore, the proper chance to invest in them exists, and you should take advantage of it because of their high potential for growth.
13. X4 Pharmaceuticals
The mission of X4 Pharmaceuticals, Inc., a biopharmaceutical firm in the late stages of clinical development, is to discover, develop, and commercialize innovative therapies for the treatment of orphan illnesses.
14. Ardelyx (NASDAQ: ARDX)
It is a biopharmaceutical firm in the clinical development stage focusing on discovering, developing, and commercializing therapies for illnesses of the cardiovascular system, kidneys, and gastrointestinal tract. Recently, this stock has been volatile, with price swings as large as the $8.98 plunge to the current $1.
15. Integra Resources
The purchase, exploration, and development of mineral assets throughout the Americas is the focus of Integra Resources Corp., a mineral resources business. DeLamar and Florida Mountain are two gold and silver deposits in Owyhee County, southwestern Idaho, that is the primary focus of the company’s development efforts. Together, these deposits occupy an area of around 8,673 hectares and include 790 unpatented lode, placer, and mill site claims.
16. Bonus Biogroup (OTC: BBIFX)
It is an Israeli biotech company founded in 1981 and headquartered in Haifa. They once went by the name Oceana Advanced Industries Ltd. before changing it. People think BBIFX is cool because it comes up with innovative ways to use technology to make bone grafts that can repair themselves.
17. Tidewater Midstream and Infrastructure
Through its wholly-owned subsidiaries, Tidewater Midstream and Infrastructure Ltd. is a North American midstream and infrastructure business with a wide range of operations. Company operations include:
- Natural gas and NGLs collecting, processing, and transportation.
- Crude oil refining and refined products marketing.
- NGL extraction and marketing.
- Crude oil marketing and transportation.
18. Sonnet Biotherapeutics Holdings (NASDAQ: SONN)
There are few better investments than in this firm, which creates novel targeted biological treatments. They have been all over the market for the last several months due to rumors of multi-million dollar fundraising; now, their price is below $1. Because of this, now is a fantastic moment to buy, and depending on how the market is doing, you may either sell or retain your investment as the price rises.
19. China Overseas Property
China Overseas Property Holdings Limited (COPHL) manages real estate in Hong Kong, Macau, and the People’s Republic of China as an investment holding company. It provides its services via three distinct divisions: property management, value-added services, and the trading of parking spots.
20. Petrofac
UK-based Petrofac Limited plans, constructs, administers and maintains energy-related infrastructure in Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and beyond. Engineering & Construction (E&C), Asset Solutions, and Integrated Energy Services are its three business divisions (IES).
21. Sesen Bio, Inc. (NASDAQ: SESN)
Based in Cambridge, Massachusetts, this biotech firm was established in 2008 to save and better the lives of its patients. Their goal is to create fusion protein therapies that specifically target cancer. Their current market worth is $295m.
22. Freeline Therapeutics
Clinical-stage biotechnology firm Freeline Therapeutics Holdings plc creates novel adeno-associated virus (AAV) vector-mediated gene treatments for patients with severe, life-threatening, and systemic disorders. Currently, verbrinacogene setparvovec (FLT180a) is undergoing Phase 1/2 clinical studies in adult males to treat hemophilia B.
23. Verb Technology, Inc. (NASDAQ: VERB)
Software developed by this Utah-based company is used to revolutionize how companies attract and keep consumers. They build SaaS (Software as a Service) application platforms in the United States, Japan, and elsewhere.
Their stock price has been quite erratic over the last six months, swinging from $0.90 to $3.20. Nevertheless, the share’s potential for growth makes it easy to time investment.
24. Cabaletta Bio
Clinical biotech firm Cabaletta Bio, Inc. is dedicated to developing modified T cell therapeutics for those suffering from autoimmune conditions mediated by B cells. Chimeric antigen receptor T cells (CAAR T cells) are used in its patented technology to target and destroy disease-causing autoantibodies (or pathogenic B cells) produced by the body’s immune system.
25. Sears Holding (OTC: SHLDQ)
They own both Kmart and Sears so you may consider them a giant department store. The department store chain Sears Holdings has reportedly filed for bankruptcy, but many additional considerations can lead you to buy its shares.
26. CubicFarm Systems
Our company, CubicFarm Systems Corp., designs, builds and distributes modular farming systems to farmers all over the globe. The CubicFarm System and the HydroGreen Grow System by CubicFarms are available from the firm. Lettuce, basil, microgreens, nutraceutical ingredients, and animal feed are just some crops that benefit from their systems.
27. Luxxfolio Holdings (OTC: LUXFF)
If you live in Vancouver, Canada, and are interested in cryptocurrency mining, this may be one of your greatest penny stocks. It is a fintech firm working on a permission-based distributed ledger platform that will allow any user, business, or a government agency to safely store, verify, and keep track of data in a transparent and immutable database.
28. OncoCyte
The mission of OncoCyte Corporation, a molecular diagnostics firm, is to advance cancer diagnosis via the discovery, development, and commercialization of unique laboratory-developed tests in the United States and worldwide. For example, DetermaRx is a molecular test for detecting early-stage lung cancer, while DetermaIO is an in-house gene expression assay.
29. Seanergy Maritime Holdings Corp (NASDAQ: SHIP)
In Athens, Greece, Seanergy runs a fleet of eleven Capesize ships and two Supramaxes. The companies’ operations and operating assets are managed by subsidiaries that are owned by the companies either directly or indirectly. You may observe the share price, which ranges from $0.90 to $1.50, and buy in when it falls.
30. eFFECTOR Therapeutics
eFFECTOR Therapeutics, Inc. is a biotechnology firm dedicated to researching and developing selective translation regulator inhibitors for cancer treatment. Tomivosertib, an oral small-molecule MNK inhibitor, is the company’s leading product candidate. The drug is currently being tested in a phase 2b clinical trial to treat metastatic non-small cell lung cancer patients.
31. Inuvo (NYSEAMERICAN: INUV)
Among the top low-priced stocks for 2021, this one is risk-free and has been showing excellent results on the balance sheet, making it a solid investment. Inuvo fulfills the need for AI-powered business explanations. Its share price has been below $1, fluctuating between $0.60 and $1.
32. CaixaBank
With its subsidiaries, CaixaBank, S.A. offers a wide range of banking services and financial products in Spain and worldwide. The corporation divides itself into the Banking and Insurance, Equity Investments, and BPI divisions to carry out its business.
33. Camber Energy Inc. (NYSE: CEI) (NYSE: CEI)
This Houston-based corporation has built a solid foothold in the industry via its majority-owned subsidiary, Viking Energy Group. This subsidiary has oil and gas fields spanning Texas, Mississippi, and Louisiana. There they generate hydrocarbons from recognized reserves in the on-shore Gulf coast area. As a result, prices fluctuate between $1 and $2, allowing for attractive entry points for investors.
Risks of penny stock investment
One must be prepared to face fraud risks whose probabilities are relatively high if they buy in penny stocks. Fraudsters will not be helped by the absence of even the most basic regulations or standards when using penny stocks. Investors need to comprehend the big difference between advertising and trustworthy equities research.
Second, it’s usually reachable with a good deal of uncertainty. The significant volatility of penny stocks persists even if they pay well. So a sliver of vigilance is required for investors to see the signs indicating it’s time to enter or leave the market.
Third, potential participants in the penny stock market need to be prepared to bear a loss that might wipe out their whole investment. The rapid changes in stock prices make it impossible to predict their movement.
Fourth, since penny stocks are seldom traded, investors may face difficulties when trying to sell their holdings. However, accurate quotations for these minor stocks may be obtained with little difficulty.
Closing thoughts on best stocks under $1
The most excellent penny stocks you can buy for less than $1 per share have been listed here. Penny stocks are relatively high risk, but the payoff is also substantial.
Knowing your risk tolerance and market volatility can let you reap benefits that far outweigh any drawbacks.
Always consider how you’ll deal with a stock’s potential movement before investing. Remember that penny stocks may just as quickly go down as they can up, so it’s crucial to maintain your calm if you invest in them.
However, you must take some chances and invest in penny stocks to become rich.
