Tuya Inc. (NYSE: TUYA), a leading IoT cloud platform company, saw its stock soar by 5.53% in Tuesday's trading session, outperforming the broader market. The significant uptick comes as Tuya has been highlighted as one of the top 10 penny stocks in the United States, boasting a remarkably strong financial health rating.

According to a recent analysis of penny stocks, Tuya stands out with a perfect six-star financial health rating, the highest possible score among the featured companies. This recognition underscores Tuya's solid financial foundation, which is particularly noteworthy in the often-volatile penny stock segment. With a share price of $1.89 and a market capitalization of $1.16 billion, Tuya presents an intriguing opportunity for investors looking for undervalued companies with long-term potential.

The surge in Tuya's stock price occurs against a backdrop of a 4.4% drop in the overall U.S. market over the past week, making its positive performance even more remarkable. As investors seek alternatives in a challenging market environment, Tuya's strong financial position and inclusion in this select group of promising penny stocks appear to have fueled today's significant price increase. This development suggests growing investor interest in companies that offer surprising value and greater stability within the penny stock category.