The best penny stocks for June 2024 have been selected based on experienced stock analysts' screening for several key metrics, including forward price-to-earnings ratio, risk, earnings stability, and Wall Street "buy" consensus1. Here are the top picks:
- VAALCO Energy (EGY):
- Industry: Independent oil and gas exploration and production company.
- Strengths: Solid production growth in 2023, 20% year-over-year increase in August, current dividend yield of around 5.46%.
- Cautions: Dividends are rare among penny stocks, and the market is subject to global energy supply shortages and commodity price inflation.
- Ardelyx (ARDX):
- Industry: Biotechnology.
- Strengths: Not specified.
- Savara (SVRA):
- Industry: Biotechnology.
- Strengths: Not specified.
- Iovance Biotherapeutics (IOVA):
- Industry: Biotechnology.
- Strengths: Not specified.
- iQIYI Inc. (IQ):
- Industry: Entertainment.
- Strengths: Not specified.
These stocks have been selected for their potential based on the provided metrics. However, it's important for investors to conduct their own research and ensure that these stocks align with their financial goals and risk tolerance.
6/10/2024 02:44pm
