Top 7 Penny Stocks under $1 to Double Your Money (or More)

Our penny stocks are up an average of 59% and I’ve found seven more penny stocks under $1 to buy now but need to reveal a warning about penny stocks first! Check out the penny stock screener on Webull and get two FREE shares of stock! https://mystockmarketbasics.com/webull

You know I love penny stock investing and the small cap stocks we’ve recommended have jumped to a 59% return in less than two years but there are some things to understand before investing in penny stocks. First is that many of these, especially the stocks under $1 per share, are only available on the OTC market. That means the companies don’t have the financial reporting requirements or oversight you get in other stocks. It also means they’re much riskier. You need to do the research on these because you can’t always trust the financial reports.

In this video, I’ll show you a simple screener to find penny stocks under one dollar per share and what to look for to narrow your list of the best stocks to buy. I’ll then reveal the top penny stocks to watch right now, stocks with an average return potential of 233% according to analysts.

When looking for penny stocks, I’ll start with a price filter to find only those stocks under a certain price or market cap. In this case, we’re looking for stocks of $1 per share or less. From there, I like to screen for those with a positive ROA or ROE to find those with management able to get the most out of assets and equity. Finally, I’ll use some technical signals for penny stock trading to find those stocks ready to run higher.

When you’re investing in penny stocks, it’s important to remember that even the best stock screener and analysis isn’t going to keep you from picking some bad investments. In fact, most of the time, the majority of your penny stock investments will lose money. If you’re investing correctly though, there will be enough penny stocks that shoot higher that your overall portfolio return can be as high as twenty- and thirty-percent. This means investing in a portfolio of penny stocks, at least 10-15, and giving them time to grow. Some of your penny stocks will do nothing but if even two return 10X on your money, you’ve got a winning portfolio.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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