US Penny Stocks To Watch In November 2024

Simply Wall St.
2024-11-06

As the U.S. markets experience a surge led by a tech sector rally, investors are keenly observing developments in anticipation of the presidential election results. Amidst this backdrop, penny stocks remain an intriguing investment area, despite their somewhat outdated name. These smaller or newer companies can offer surprising value when backed by solid financial health, providing opportunities for growth and potential returns.

Top 10 Penny Stocks In The United States

Name Share Price Market Cap Financial Health Rating
BAB (OTCPK:BABB) $0.7995 $5.81M ★★★★★★
QuantaSing Group (NasdaqGM:QSG) $3.08 $170.21M ★★★★★★
RLX Technology (NYSE:RLX) $1.61 $2.06B ★★★★★★
LexinFintech Holdings (NasdaqGS:LX) $3.58 $603.4M ★★★★★★
Commercial Vehicle Group (NasdaqGS:CVGI) $2.40 $99.68M ★★★★☆☆
Golden Growers Cooperative (OTCPK:GGRO.U) $4.50 $69.71M ★★★★★★
MIND C.T.I (NasdaqGM:MNDO) $1.88 $39.56M ★★★★★★
Permianville Royalty Trust (NYSE:PVL) $1.56 $51.48M ★★★★★★
PHX Minerals (NYSE:PHX) $3.46 $128.99M ★★★★★☆
CBAK Energy Technology (NasdaqCM:CBAT) $1.12 $99.38M ★★★★★☆

Click here to see the full list of 756 stocks from our US Penny Stocks screener.

Let's uncover some gems from our specialized screener.

ThredUp

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

Overview: ThredUp Inc. operates an online resale platform for secondhand clothing in the United States and internationally, with a market cap of approximately $60.09 million.

Operations: ThredUp Inc. does not report specific revenue segments.

Market Cap: $60.09M

ThredUp Inc., with a market cap of US$60.09 million, faces challenges typical of penny stocks, including volatility and financial instability. The company remains unprofitable, with increasing losses over the past five years and a negative return on equity. Recent earnings show a net loss for Q3 2024 at US$24.77 million, up from the previous year. Despite sufficient cash runway for over three years if current trends continue, ThredUp received deficiency notices from Nasdaq and LTSE due to its stock price falling below US$1 per share, risking delisting unless compliance is regained by March 2025.

  • Click to explore a detailed breakdown of our findings in ThredUp's financial health report.
  • Evaluate ThredUp's prospects by accessing our earnings growth report.
NasdaqGS:TDUP Financial Position Analysis as at Nov 2024

BRC

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

Overview: BRC Inc. operates in the United States by purchasing, roasting, and selling coffee, coffee accessories, and branded apparel, with a market capitalization of approximately $672.27 million.

Operations: BRC Inc. does not have any reported revenue segments.

Market Cap: $672.27M

BRC Inc., with a market cap of US$672.27 million, presents both opportunities and challenges typical of penny stocks. The company reported Q3 2024 sales of US$98.2 million, slightly down from the previous year, but improved its net loss to US$0.535 million from US$3.23 million a year ago. Despite being unprofitable and having high debt levels (net debt to equity ratio of 107.5%), BRC maintains sufficient cash runway for over three years and shows potential revenue growth through its new energy beverage line in partnership with Keurig Dr Pepper Inc., expected to launch nationwide in early 2025.

  • Unlock comprehensive insights into our analysis of BRC stock in this financial health report.
  • Gain insights into BRC's outlook and expected performance with our report on the company's earnings estimates.
NYSE:BRCC Revenue & Expenses Breakdown as at Nov 2024

Seritage Growth Properties

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

Overview: Seritage Growth Properties is focused on the ownership, development, redevelopment, management, sale, and leasing of diversified retail and mixed-use properties across the United States with a market cap of approximately $247.02 million.

Operations: The company's revenue segment is primarily derived from its REIT - Commercial operations, generating $59.03 million.

Market Cap: $247.02M

Seritage Growth Properties, with a market cap of US$247.02 million, faces challenges typical of penny stocks, including unprofitability and a negative return on equity (-26.59%). The company reported declining revenues and an increased net loss for the second quarter of 2024 compared to the previous year. Despite these hurdles, Seritage has made significant debt repayments totaling US$1.345 billion since December 2021, reducing its annual interest expenses by approximately US$94.1 million. Additionally, it declared a preferred dividend in October 2024 and maintains sufficient cash runway for more than a year based on current free cash flow trends.

  • Click here to discover the nuances of Seritage Growth Properties with our detailed analytical financial health report.
  • Examine Seritage Growth Properties' past performance report to understand how it has performed in prior years.
NYSE:SRG Revenue & Expenses Breakdown as at Nov 2024

Seize The Opportunity

  • Embark on your investment journey to our 756 US Penny Stocks selection here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqGS:TDUP NYSE:BRCC and NYSE:SRG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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