Tuya Inc. (NYSE: TUYA), a leading IoT cloud platform company, saw its stock soar by 5.03% in Tuesday's trading session, catching the attention of investors amid broader market volatility. The significant uptick comes as Tuya has been highlighted as one of the top 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 6-star financial health rating, the highest possible score. This rating suggests that the company has a solid financial foundation, which is particularly noteworthy in the often-volatile penny stock segment. With a current share price of $1.89 and a market capitalization of $1.16 billion, Tuya presents an intriguing opportunity for investors looking for under-the-radar stocks with potential for growth.

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. However, as the analysis points out, earnings for companies in this segment are forecast to grow by 13% annually, highlighting the potential for significant returns in well-chosen penny stocks. Tuya's strong performance and financial health rating suggest it may be well-positioned to capitalize on this growth trend, attracting increased investor interest in the process.