Top Penny Stocks to Watch in November 2018
While we don’t often trade or analyze penny stocks (usually defined as stocks trading for under $5 per share), the performance of these four high-flyers was hard to resist. These top penny stocks were chosen based on three main criteria: 1) Currently under $5 per share, 2) Relatively high volume (for a penny stock), and 3) Solid stock performance across a number of time frames. Here are the top picks (in order of year-to-date stock performance):
The chart above (on the y-axis) shows both their YTD performance percentages as well as their current stock prices (as of November 19, 2018).
What Companies are Behind These Penny Stocks?
Of the four penny stocks chosen this time around, one of them – Genworth Financial – doesn’t really fit the typical description of a penny stock. It’s actually a major S&P 400 insurance company with $2.29 billion in market cap. Unlike the others on this list, this company was founded all the way back in the 1870s. It was spun-off from GE Capital and was the largest initial public offering (IPO) of 2004. For the purposes of trading and investing, though, we’ll treat it as a penny stock.
Aside from GNW, the other three picks are much smaller, more dynamic companies that fit the traditional penny stock mold much better. The Rubicon Project is an online advertising technology firm with a $241 million market cap. Chiasma is a clinical-stage biopharma company that focuses on rare diseases, with only $93 million in market cap. Finally, Energy Fuels is involved in the extraction, recovery, exploration, and sale of uranium. Its market cap is $284 million.
One mid-cap and three micro-cap stocks – all in vastly different industries. What binds them together, of course, is spectacular recent performance, the promise of more potential gains, and attractively low stock prices.
IMPORTANT: The information above should not be construed as investment advice and should not be considered as a solicitation to buy or sell securities. Past performance is not indicative of future results. Trading and investing in the financial markets involves substantial risk of loss, and may not be suitable for all investors.
Disclosure: At the time of this article’s publication, we have no position in any security or trade/investment mentioned, nor do we have any business relationship with any company whose stock may be mentioned.
Senior Technical Analyst at The Technicals
As a momentum stock trader, Luke focuses mostly on strong market moves. Luke has been trading the markets since the early 2000s, but still gets excited by big movers. Whether a surging large-cap tech company or meteoric penny stock, Luke tracks and trades winners. A technical analysis purist, Luke authors many of our Top Stocks & ETFs reports. Contact Luke