3 Promising Penny Stocks In US With Market Caps Under $60M

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As the U.S. stock market navigates a "sometimes-bumpy path" towards its inflation target, as noted by Fed Chair Jerome Powell, investors are looking for opportunities amid fluctuating indices. Penny stocks, while an older term, still represent a valuable segment of the market by highlighting smaller or less-established companies that could offer significant growth potential at lower price points. By focusing on those with solid financials and clear growth strategies, investors may uncover hidden gems within this often-overlooked area of the market.

Top 10 Penny Stocks In The United States

Name

Share Price

Market Cap

Financial Health Rating

BAB (OTCPK:BABB)

$0.8155

$5.95M

★★★★★★

Flexible Solutions International (NYSEAM:FSI)

$3.72

$52.54M

★★★★★★

RLX Technology (NYSE:RLX)

$1.63

$2.05B

★★★★★★

Golden Growers Cooperative (OTCPK:GGRO.U)

$4.50

$69.71M

★★★★★★

QuantaSing Group (NasdaqGM:QSG)

$3.08

$155.89M

★★★★★★

So-Young International (NasdaqGM:SY)

$1.25

$81.58M

★★★★☆☆

LexinFintech Holdings (NasdaqGS:LX)

$3.17

$512.97M

★★★★★★

ZTEST Electronics (OTCPK:ZTST.F)

$0.24

$8.98M

★★★★★★

PHX Minerals (NYSE:PHX)

$3.70

$127.43M

★★★★★☆

CBAK Energy Technology (NasdaqCM:CBAT)

$0.94

$83.45M

★★★★★☆

Click here to see the full list of 749 stocks from our US Penny Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

CVD Equipment

Simply Wall St Financial Health Rating: ★★★★★★

Overview: CVD Equipment Corporation, along with its subsidiaries, designs, develops, manufactures, and sells equipment for material and coating development and manufacturing both in the United States and internationally, with a market cap of $19.06 million.

Operations: The company's revenue is primarily generated from its Stainless Design Concepts (SDC) segment, which accounts for $7.28 million, and its CVD Materials segment, contributing $0.29 million.

Market Cap: $19.06M

CVD Equipment Corporation, with a market cap of US$19.06 million, has shown some financial improvement despite being unprofitable. The company reported third-quarter sales of US$8.19 million, up from US$6.23 million the previous year, and achieved a net income of US$0.203 million compared to a loss last year. Its cash position is strong relative to its debt levels, providing a runway for over a year if free cash flow continues growing at historical rates. However, challenges remain with negative return on equity and an inexperienced board averaging 2.3 years in tenure.

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