Penny stocks are the bane of many investors, but they can also be an excellent opportunity for those who know how to find value and make money. They’re called penny stocks because most of them often trade at less than $5 per share.
The most important thing to consider when investing in penny stocks is the liquidity of the stock and whether or not it has enough market volume for you to exit your position if necessary.
Before you invest in penny stocks or any other venture, you should do proper due diligence (DD) to avoid buying and investing in any given stock based on hype or short-term price movement. Here are the top 10 penny stocks to buy today.
1. Sunworks, Inc. (SUNW)
Sunworks is a solar energy services provider that offers comprehensive solar solutions across the United States. The company was founded in 2007 and operates in eight countries, including Brazil, Canada, Chile, and the Dominican Republic.
Sunworks’ business model is based on owning and operating solar systems rather than selling them as products through retail channels or third-party installers like SolarCity (NASDAQ: SCTY).
As a result of its unique business model, Sunworks has been able to reduce project costs by up to 30% compared to standard residential solar installations.
With this cost advantage over other providers, it had quickly become one of the largest U.S.-based residential solar providers with over 250 MW deployed since early 2016, when it began offering its direct-to-consumer service. Sunworks’ stock is one of the top penny stocks to buy today, given the performance of the stock.
2. CleanSpark, Inc. (CLSK)
CleanSpark, Inc. (CLSK) is a renewable energy company that designs, manufactures, and markets solar and wind products for residential and commercial use. The company has a market cap of $0.8 million.
CleanSpark’s products include its flagship product, the SunCharger™ solar generator, which uses advanced ceramic fiber technology to increase efficiency and reduce cost by up to 80%.
The SunCharger™ portable solar generator provides users with clean electricity from the sun wherever they go: on camping trips, at work, or on the road in an RV. It is also one of the top penny stocks to buy today.
3. Nano Dimension Ltd. (NNDM)
Nano Dimension Ltd. (NNDM) is a 3D printer manufacturer based in Israel that develops and manufactures systems to print electronic circuits on boards.
The company’s technology uses liquid resins to print metal circuit boards and is used in the aerospace and automotive industries and medical devices.
Nano Dimension Ltd. has a market capitalization of $840.45 million, providing a significant funds base for investing, and buying the company’s stock; this makes Nano one of the top penny stocks to buy today.
4. BIT Mining Limited (BTCM)
BIT Mining Limited (BTCM) is a small cap stock with a price of 3 cents per share. BIT Mining owns a large cryptocurrency mining facility in Iceland, which can be used to mine multiple cryptocurrencies like Bitcoin Cash and Litecoin.
The company trades on the Australian Securities Exchange under the ticker BTCM and has approximately $300 million in market capitalization.
This means that you could invest $300 and own 1% of BIT Mining Limited if the value of your shares increases by 10%. BIT Mining is one of the top penny stocks to buy today.
5. Diebold Nixdorf, Incorporated (DBD)
Diebold Nixdorf, Incorporated (DBD) is a global supplier of banking, self-service, and retail solutions. The company has a market cap of $1.8B, and its stock currently trades at $33.18 with a P/S ratio of 0.00. DBD is a $3.3B company with its industry primarily being financial services and insurance.
In addition to diversified industrial manufacturing sectors such as aerospace & defense, chemical products & materials, machinery components & accessories, among others serving over 100 countries worldwide through their network of 400 locations across 40 different countries around the world, including North America/South America/Europe/Asia Pacific/Middle East Africa region as well as emerging markets like Latin American countries.
6. Exela Technologies, Inc. (XELA)
XELA is a leading provider of innovative software and services for the global power and utility industry. The company’s products enable customers to solve complex problems with simple, intuitive solutions that deliver tangible results.
XELA’s proprietary platform enables customers to manage energy supply chains more efficiently by providing end-to-end visibility across their operations. XELA has built its portfolio by acquiring best-in-class companies that share its vision for an integrated approach to energy management.
XELA is one of the fastest-growing software companies in the industry, consistently achieving double-digit growth rates in bookings and revenues over many years under private equity ownership and strategic partnerships with some of the world’s largest public utility companies. Making its stock one of the top penny stocks to buy today.
7. Red Cat Holdings, Inc. (RCAT)
Red Cat Holdings, Inc. (RCAT) is a global provider of energy efficiency solutions for commercial and industrial buildings worldwide. RCAT provides lighting retrofits, building automation systems, advanced metering infrastructure, and other clean energy technologies.
Several leading industry organizations have recognized RCAT as a leader in the energy efficiency solutions industry, including Green Business Certification Inc., Lighting Controls Association, Building Performance Institute, and ENERGY STAR® Partner of the Year award winner, among many others. Red Cat is one of the top penny stocks to buy today.
8. Smith Micro Software, Inc. (SMSI)
Smith Micro Software, Inc. (SMSI) is a software company that provides digital content creation and management software.
The company’s products include MorphVOX Pro and DFX Audio Enhancer, which enhance voice quality for communications applications on computers, smartphones, and tablets; Poser 3D software for creating 3D figures; Cheyenne 2.0 and Autodesk Maya LT 2011 for modeling characters in games or movies; and Morpheus Photo Animation Suite 7 Deluxe Edition for organizing photos on digital devices. Smith Micro Software is one of the top penny stocks to buy today.
9. Selecta Biosciences, Inc. (SELB)
Selecta Biosciences, Inc. (SELB) is a biopharmaceutical company focused on developing and commercializing oral biologic drugs to treat autoimmune diseases, including type 1 diabetes.
It involves discovering, developing, and commercializing oral immunotherapies for autoimmune disorders such as type 1 diabetes and inflammatory bowel disease (Crohn’s disease).
The company was founded by David L. Nichols on March 27, 2000, and is headquartered in New York City; it is one of the top penny stocks to buy today for a good return on investment. Selecta is one of the top penny stocks to buy today.
10. Wrap Technologies, Inc. (WRAP)
Wrap Technologies, Inc. (WRAP) is a penny stock that trades at $0.18 per share. The company has been trading publicly since February 16, 2019, and the shares trade on OTCQX International under the ticker symbol “WRAP.”
In the last 52 weeks, WRAP’s stock price has ranged from about $0.01 to about $0.18 per share, with an average closing price of $0.046; its current market cap is approximately USD 2 million. WRAP is one of the top penny stocks to buy today for future earnings.
Here’s a quick summary of the top 10 penny stocks to buy today in 2022:
- Sunworks, Inc. (SUNW)
- CleanSpark, Inc. (CLSK)
- Nano Dimension Ltd. (NNDM)
- BIT Mining Limited (BTCM)
- Diebold Nixdorf, Incorporated (DBD)
- Exela Technologies, Inc. (XELA)
- Red Cat Holdings, Inc. (RCAT)
- Smith Micro Software, Inc. (SMSI)
- Selecta Biosciences, Inc. (SELB)
- Wrap Technologies, Inc. (WRAP)
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